Corporate report and
financial statements 2011
We have made fundamental changes at Sainsbury’s in recent years which have transformed our business. We have stayed true to our heritage. Our passion for great food at fair prices and our robust, ethical approach remain central to our continued success.
Sales (including VAT, including fuel) up 7.1%
Underlying operating profit
Underlying operating profit up 10.0%
Underlying profit before tax
Underlying profit before tax up 9.0%
Underlying basic earnings per share
Underlying basic earnings per share up 10.9%
The financial statements section includes the Independent Auditors’ report, income and cash flow statements, balance sheets and five year financial record.
“The Board is pleased with the performance of Sainsbury’s over the last year. We have gained market share and we now have 21 million customer transactions a week, an increase of one million on last year...”
Achievements and awards this year
Best convenience retailer
We won Convenience Chain of the Year at the Retail Industry Awards 2010. The judges praised us for the great product choice and excellent service we provide to Sainsbury’s Local customers.
Making a difference in our communities
We were also recognised as Community Retailer of the Year for all the fantastic work our colleagues have been doing with local charities and communities including our Local Charity of the Year Scheme, as well as the work we have been doing with Comic Relief.
Number one for seafood
As the UK’s largest MSC retailer, we also received the Seafood Retailer of the Year award in recognition of the industry-leading work we have been doing to make fish more sustainable.
Investing in our people
We’re the first ever food retailer to receive a gold accreditation from ‘Investors in People’ for our commitment to improve our business through investment in our colleagues. Providing colleagues with opportunities at work has helped Sainsbury’s to deliver against our Company goals and grow our business.
Raising animal welfare standards
Sainsbury’s won Compassion in World Farming’s Best Volume Supermarket Award for 2010 and also one of the first ever Good Chicken Award wins for our continued commitment to improving animal welfare standards.
Leader in quality
We picked up a total of nine Quality Food Awards this year, more than any other retailer. These awards show that we continue to offer the highest quality food at the lowest possible prices.
Striving for sustainability
We have been recognised as the global industry leader in the Dow Jones Sustainability Index, having been awarded Gold status, showing that sustainability really is at the heart of our business.
Official partner of the London 2012 Paralympic Games
With London 2012 just around the corner, we are proud to be the first ever sole-sponsor of the Paralympic Games. Our sponsorship is helping us to promote a healthier, more active lifestyle across all ages and abilities.