Glossary
‘Active Kids’ - Our nationwide scheme to help inspire school children to take more exercise and to eat more healthily. Launched in 2005, Active Kids is open to all nursery, primary and secondary schools as well as Scouts and Girl Guides in the UK. www.sainsburys.co.uk/activekids
AGM - Annual General Meeting - This year the AGM will be held on Tuesday 15 July 2008 at The International Convention Centre, Broad Street, Birmingham B1 2EA at 11.00am.
B shares - Preference B shares issued on 12 July 2004 as part of the Return of Capital scheme in 2004/05.
‘basics’ - Sainsbury's core sub brand range of products.
‘BGTY’ - ‘Be Good to Yourself’ - Sainsbury's healthier alternative sub brand range of products. Products are either: those with less than three per cent fat or those with less calories, salt and saturated fat than standard lines.
CMBS - Commercial Mortgage Backed Securities.
Company - J Sainsbury plc.
CC - Competition Commission - An independent public body which conducts in-depth inquiries into mergers, markets and the major regulated industries. The CC is undertaking an investigation into the supply of groceries by retailers in the UK. www.competition-commission.org.uk
CR - Corporate responsibility - The need to act responsibly in managing the impact on a range of stakeholders: customers, colleagues, investors, suppliers, the community and the environment.
‘Different by design’ - Sainsbury's general merchandise brand which mirrors the premium ‘Taste the difference’ food range.
‘Different values’ - Campaign launched in 2007 to emphasise the higher quality specifications and great value of Sainsbury's own brand products.
Dividend cover - Underlying profit after tax from continuing operations attributable to equity shareholders divided by total value of dividends declared during the year.
DRIP - Dividend Reinvestment Plan - Allows shareholders to reinvest their cash dividend in shares of the Company through a specially arranged share dealing service.
EBITDAR - Earnings before income tax, depreciation, amortisation and rent.
EPS - Earnings per share - Earnings attributable to ordinary shareholders divided by the weighted average number of ordinary shares in issue during the year, excluding those held by ESOP trusts, which are treated as cancelled.
Easter adjustment - To adjust for the timing of Easter falling on 8 April 2007 and 23 March 2008.
ESOP trusts - Employee Share Ownership Plan trusts.
Fairtrade - The Fairtrade label is an independent consumer label that guarantees a fair deal for marginalised workers and small scale farmers in developing countries. Producers receive a minimum price that covers the cost of production and an extra premium that is invested in the local community. www.fairtrade.org.uk
Fair value - The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.
‘freefrom’ - Sainsbury's range of products guaranteed to be wheat, gluten or dairy free.
FSA - Food Standards Agency. www.food.gov.uk
FTSE4Good - The FTSE Group, an indexing company, runs the FTSE4Good index series to measure the performance of companies that meet CR standards, and to facilitate investment in those companies. www.ftse.com/ftse4good
GDAs - Guideline Daily Amounts.
Gearing - Net debt divided by total equity.
Group - The Company and its subsidiaries.
IFRIC - International Financial Reporting Interpretations Committee.
IFRS - International Financial Reporting Standard(s).
IGD - Institute of Grocery Distribution. www.igd.com
Income statement - Formerly known as the profit and loss account under UK GAAP.
ISA - Individual Savings Account.
JV - Joint venture - A business jointly owned by two or more parties.
Like-for-like sales - The measure of year on year same store sales growth.
LTIP - Long-Term Incentive Plan.
‘Mtdd’ - ‘Make the difference days’ - Launched in April 2007 to raise awareness and action around different social, environmental and ethical issues and working partnership with customers to make a sustained difference.
MTL - Multiple traffic lights - Nutritional labels which provide effective ‘at-a-glance’ information customers need to make healthier choices when shopping. Around 5,000 Sainsbury's products carry our Wheel of Health MTL label.
OFT - Office of Fair Trading.
Organic - Organic farming prohibits the use of artificial fertilisers, pesticides, growth regulators and additives in livestock feed. The International Federation of Organic Agriculture Movements (IFOAM) accredits national organic certifying bodies.
Pipeline - Sites which the Group has an interest in developing in the future.
ROCE - Return on Capital Employed.
RPI - Retail Price Index.
‘Sainsbury's SO organic’ - Sainsbury's organic sub brand range of products.
SORIE - Statement of recognised income and expense.
TSR - Total Shareholder Return - The growth in value of a shareholding over a specified period, assuming that dividends are reinvested to purchase additional units of the stock.
‘Ttd’ - ‘Taste the difference’ - Sainsbury's premium sub brand range of products.
‘Try something new today’ - The marketing campaign in support of Making Sainsbury's Great Again.
‘TU’ - Sainsbury's own label clothing range.
‘TU home’ - Sainsbury's sub brand homeware range of products.
Underlying basic earnings per share - Profit after tax from continuing operations attributable to equity holders before any gain or loss on the sale of properties, impairment of goodwill, impairment of properties held within joint ventures, financing fair value movements and one-off items that are material and infrequent in nature, divided by the weighted average number of ordinary shares in issue during the year, excluding those held by the ESOP trusts, which are treated as cancelled.
Underlying profit before tax - Profit before tax from continuing operations before any gain or loss on the sale of properties, impairment of goodwill, impairment of properties held within joint ventures, financing fair value movements and one-off items that are material and infrequent in nature.
Underlying operating profit/(loss) - Underlying profit before tax from continuing operations before finance income and finance costs.