Financial performance

Sainsburys store in Dawlish, Devon

Financial performance

Here is an overview of our financial performance. More detailed information is available in the Investor section.

Financial summary 2012/13
£m
2011/12
£m
Change
%
Sales (including VAT) 25,632 24,511 4.6
Sales (excluding VAT) 23,303 22,294 4.5
Underlying operating profit 829 789 5.1
Underlying profit before tax 756 712 6.2
Profit before tax 788 799 (1.4)
Profit after tax 614 598 2.7
Underlying basic earnings per share 30.7p 28.1p 9.3
Basic earnings per share 32.6p 32.0p 1.9
Full year dividend per share 16.7p 16.1p 3.7

Notes

Underlying operating profit: underlying profit before tax before underlying net finance costs and share of underlying post-tax results from joint ventures.

Underlying profit before tax: profit before tax from continuing operations before any gain or loss on the disposal of properties, investment property fair value movements, impairment of goodwill, financing fair value movements, IAS 19 pension financing (credit)/charge and one-off items that are material and infrequent in nature.

Underlying basic earnings per share: underlying profit, net of attributable taxation, divided by the weighted average number of ordinary shares in issue during the period, excluding those held by the ESOP trusts, which are treated as cancelled.

Business structure

J Sainsbury plc consists of Sainsbury's supermarkets and convenience stores, as well as Sainsbury's Bank.

Sainsburys staff

Business strategy

The company's strategy centres around five areas of focus, which are underpinned our strong heritage and brand.

Shirt by TU

Financial information

Overview of our financial performance. Detailed information is available in the 5 year summary and Investor section.

Sainsburys store in Dawlish, Devon