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Annual Report and Financial Statements 2003
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Five year financial record Home > Full financials > Five year financial record  
 
    19991 2000 20012 2002 2003
 
  Financial results (£m)          
  Group turnover3 16,378 17,414 18,441 18,206 18,495
  Turnover – continuing operations 15,080 15,962 16,940 18,198 18,495
  Operating profit          
  Sainsbury’s Supermarkets 671 509 462 505 572
  Sainsbury’s Bank (5) 3 13 22 22
  Shaw’s Supermarkets 52 79 115 137 139
  Other operating activities 12 16 25 15 19
  Discontinued operations 64 44 13 (2) –
 
    794 651 628 677 752
  Interest payable (50) (72) (76) (49) (60)
  Joint ventures 12 1 (3) (1) 3
 
  Group underlying profit before tax4 756 580 549 627 695
 
  (Decrease)/increase on previous year 3.9% (23.2)% (5.3)% 14.2% 10.8%
  Earnings per share          
  Basic 29.2p 18.3p 14.5p 19.1p 23.7p
  (Decrease)/increase on previous year 16.3% (37.3)% (20.8)% 31.7% 24.1%
  Underlying4 26.8p 20.5p 18.8p 21.5p 24.2p
  (Decrease)/increase on previous year 0.8% (23.5)% (8.3)% 14.4% 12.6%
  Dividend per share 14.32p5 14.32p 14.32p 14.84p 15.58p
 
  Retail statistics for UK and US food retailing          
  Number of outlets at financial year-end          
  Sainsbury’s Supermarkets – over 40,000 sq ft sales area 42 61 86 121 152
    – 25,000 – 40,000 sq ft sales area 233 225 209 184 162
    – 15,000 – 25,000 sq ft sales area 98 99 93 84 79
    – under 15,000 sq ft sales area 45 47 65 74 105
 
  Sainsbury’s Supermarkets 418 432 453 463 498
  Shaw’s Supermarkets 127 168 185 185 185
 
  Total number of stores – continuing operations 545 600 638 648 683
 
             
  Sales area (000 sq ft)          
  Sainsbury’s Supermarkets 12,571 13,055 13,746 14,349 15,199
  Shaw’s Supermarkets 4,410

5,617

 6,124 6,261 6,330
 
  Group total – continuing operations 16,981 18,672 19,870 20,610 21,529
 
  Net increase on previous year:          
  Sainsbury’s Supermarkets 4.9% 3.9% 5.3% 4.4% 5.9%
  Shaw’s Supermarkets 7.1% 27.4% 9.0% 2.2% 1.1%
  New Sainsbury’s Supermarkets store openings 20 20 27 25 39
 
  Sainsbury’s Supermarkets’ sales intensity (including VAT)6          
  Per square foot (£ per week) 18.04 16.98 16.79 17.54 17.56
             
  Share of national trade in predominantly food stores and pharmaceutical, medical, cosmetic and toilet goods outlets7 12.2% 11.9% 11.9% 11.9% 11.8%
 
 
 
1 Turnover, profit and diluted earnings per share are for the 52 week period to 3 April 1999.
2 Earnings per share in 2001 has been restated under FRS 19. Published basic earnings per share was 13.8 pence and published underlying earnings per share was 19.2 pence.
3 Includes VAT at Sainsbury’s Supermarkets and Homebase and sales tax at Shaw’s Supermarkets.
4 Underlying profit before tax and diluted earnings per share are stated before exceptional costs of £60 million in 2000, £96 million in 2001, £42 million in 2002 and £15 million in 2003 and exceptional profits of £76 million in 1999 and before amortisation of goodwill of £11 million in 2000, £16 million in 2001, £14 million in 2002 and £13 million in 2003.
5 Excludes a one penny per share payment to cover the extra four weeks in 1999.
6 Including Savacentre, excluding petrol.
7 Based on Office for National Statistics data and Sainsbury’s Supermarkets sales, excluding petrol.

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