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Five year financial record

  2009 2008 2007 2006 2005
Financial results (£m)          
Revenue1 20,383 19,287 18,518 17,317 16,573
Revenue (inc VAT) – continuing operations 20,383 19,287 18,518 17,317 16,364

Underlying operating profit		          
Sainsbury’s Supermarkets 616 535 429 352 308
Sainsbury’s Bank - – 2 (10) 17
  616 535 431 342 325
Underlying net finance costs2 (89) (45) (51) (75) (88)
Share of post-tax profit/(loss) from joint ventures 16 (2) – – 1
Underlying profit from continuing operations3 543 488 380 267 238
(Decrease)/increase on previous year (%) 11.3 28.4 42.3 12.2 n/a
Underlying profit from discontinued operations - – – – 11
Underlying profit before tax 543 488 380 267 249

Increase on previous year (%)		 11.3 28.4 42.3 7.2 n/a
Underlying operating profit margin excluding Sainsbury’s Bank (%) 3.26 3.00 2.54 2.24 2.07

Earnings per share		          
Underlying basic (pence) 22.1 19.6 14.7 10.5 8.3
Increase on previous year (%) 12.8 33.3 40.0 26.5 n/a
Proposed dividend per share (pence)4 13.20 12.00 9.75 8.00 7.80

Retail statistics for UK food retailing 		         
Number of outlets at financial year-end excluding checkout space5          
Sainsbury’s Supermarkets          
over 55,000 sq ft sales area 34 24 20 15 15
40,001 – 55,000 sq ft sales area 130 130 124 116 110
25,001 – 40,000 sq ft sales area 153 161 167 177 182
15,000 - 25,000 sq ft sales area 108 100 98 92 83
under 15,000 sq ft sales area 367 408 379 352 337
  792 823 788 752 727

Sales area excluding checkout space (000 sq ft)		          
Sainsbury’s Supermarkets5 16,703 16,191 15,715 15,166 14,891

Net increase on previous year:		          
Sainsbury’s Supermarkets (%)5 3.2 3.0 3.6 1.8 5.4

New Sainsbury’s Supermarkets openings5		 29 35 40 34 36

Sainsbury’s Supermarkets’ sales intensity excluding checkout space (including VAT)5 6		          
Per square foot (£ per week) 20.017 19.69 19.30 18.40 17.99
  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. Profit before tax from continuing operations before any gain or loss on the sale of properties, investment property fair value movements, impairment of goodwill, financing fair value movements and one-off items that are material and infrequent in nature.
  4. Total proposed dividend in relation to the financial year.
  5. Includes all convenience stores and convenience acquisitions.
  6. The 2009 figure has been adjusted for the effect of the VAT change from 17.5 per cent to 15 per cent on 1 December 2008 to ensure the data is presented on a like-for-like basis.
  7. Adjusted for comparative purposes for the effect of the VAT change on 1 December 2008.