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Five year financial record

  IFRS
2008		 IFRS
2007		 IFRS
2006		 IFRS
2005		 UK GAAP
2005		 UK GAAP
2004
Financial results (£m)          
Revenue 1 19,287 18,518 17,317 16,573 16,573 18,239
Revenue (inc VAT) - continuing operations 19,287 18,518 17,317 16,364 16,364 15,517

Underlying operating profit		            
Sainsbury’s Supermarkets 535 429 352 308 321 564
Sainsbury’s Bank - 2 (10) 17 13 26
  535 431 342 325 334 590
Underlying net finance costs 2 (45) (51) (75) (88) (92) (60)
Share of post-tax (loss)/profit from joint ventures (2) – – 1 1 –
Underlying profit from continuing operations 3 488 380 267 238 243 530
Increase on previous year (%) 28.4 42.3 12.2 n/a    
Underlying profit from discontinued operations - – – 11 11 145
Underlying profit before tax 4 488 380 267 249 254 675

Increase/(decrease) on previous year (%)		 28.4 42.3 7.2 n/a (62.4) (2.9)

Earnings per share		            
Basic (pence) 19.1 19.2 3.8 4.1 3.5 20.7
(Decrease)/increase on previous year (%) (0.5) 405.3 (7.3) n/a (83.1) (12.7)

Underlying basic (pence)		 19.6 14.7 10.5 8.3 9.0 23.4
Increase/(decrease) on previous year (%) 33.3 40.0 26.5 n/a (61.5) (3.3)
Proposed dividend per share (pence) 5 12.00 9.75 8.00 7.80 7.80 15.69

Retail statistics for UK food retailing 		           
Number of outlets at financial year-end including checkout space 6            
Sainsbury’s Supermarkets            
over 60,000 sq ft sales area 25 21 16 16 16 14
40,001 - 60,000 sq ft sales area 165 157 150 142 142 143
25,001 - 40,000 sq ft sales area 155 163 168 176 176 163
15,000 - 25,000 sq ft sales area 94 91 88 79 79 77
under 15,000 sq ft sales area 384 356 330 314 314 186
  823 788 752 727 727 583

Retail statistics for UK food retailing		            
Number of outlets at financial year-end excluding checkout space6,7            
Sainsbury’s Supermarkets            
over 55,000 sq ft sales area 24 20 15 15 15 14
40,001 - 55,000 sq ft sales area 130 124 116 110 110 109
25,001 - 40,000 sq ft sales area 161 167 177 182 182 173
15,000 - 25,000 sq ft sales area 100 98 92 83 83 78
under 15,000 sq ft sales area 408 379 352 337 337 209
  823 788 752 727 727 583

Sales area including checkout space (000 sq ft) 6		            
Sainsbury’s Supermarkets 17,901 17,364 16,725 16,370 16,370 15,570

Net increase on previous year		            
Sainsbury’s Supermarkets (%) 3.1 3.8 2.2 5.1 5.1 2.4

Sales area excluding checkout space (000 sq ft) 6,7		            
Sainsbury’s Supermarkets 16,191 15,715 15,166 14,891 14,891 14,132
Net increase on previous year:            
Sainsbury’s Supermarkets (%)6,7 3.0 3.6 1.8 5.4 5.4 2.8

New Sainsbury’s Supermarkets openings 6,7		 35 40 34 36 36 35

Sainsbury’s Supermarkets’ sales intensity		            
Excluding checkout space (including VAT) 6,7            
Per square foot (£ per week) 19.69 19.30 18.40 17.99 17.99 18.25
  1. Includes VAT at Sainsbury’s Supermarkets and sales tax at Shaw’s Supermarkets.
  2. Net finance costs pre financing fair value movements and one-off items that are material and infrequent in nature.
  3. IFRS - Profit before tax from continuing operations before any gain or loss on the sale of properties, impairment of goodwill, financing fair value movements and one-off items that are material and infrequent in nature.
  4. UK GAAP - Underlying profit before tax is stated before exceptional items.
  5. Total proposed dividend in relation to the financial year.
  6. Includes all convenience stores and convenience acquisitions.
  7. Restated to measure space excluding checkouts, consistent with the rest of the market.