Group income statement
for the 52 weeks to 22 March 2008
| Note | 2008 £m |
20071 £m |
|
|---|---|---|---|
| Continuing operations | |||
| Revenue | 3 | 17,837 | 17,151 |
| Cost of sales | (16,835) | (15,979) | |
| Gross profit | 1,002 | 1,172 | |
| Administrative expenses | (502) | (669) | |
| Other income | 30 | 17 | |
| Operating profit | 4 | 530 | 520 |
| Finance income | 5 | 83 | 64 |
| Finance costs | 5 | (132) | (107) |
| Share of post-tax loss from joint ventures | 14 | (2) | – |
| Profit before taxation | 479 | 477 | |
| Analysed as: | |||
| Underlying profit before tax | 488 | 380 | |
| Profit on sale of properties | 4,7 | 7 | 7 |
| Financing fair value movements | 5,7 | (4) | 8 |
| One-off items | 7 | (12) | 82 |
| 479 | 477 | ||
Income tax expense |
8 | (150) | (153) |
| Profit for the financial year | 329 | 324 | |
Attributable to: |
|||
| Equity holders of the parent | 329 | 325 | |
| Minority interests | - | (1) | |
| 329 | 324 | ||
Earnings per share |
9 | pence | pence |
| Basic | 19.1 | 19.2 | |
| Diluted | 18.6 | 18.9 | |
| Underlying basic | 19.6 | 14.7 | |
| Underlying diluted | 19.1 | 14.5 | |
Dividends per share |
10 | pence | pence |
| Interim | 3.00 | 2.40 | |
| Proposed final (not recognised as a liability at balance sheet date) | 9.00 | 7.35 |
- Sainsbury’s Bank was fully consolidated until the Group sold five per cent of its shareholding in February 2007; thereafter it has been equity accounted as a joint venture.