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Annual Review Business review — Chairman’s statement — Corporate objectives — Key financial performance indicators — Key progress and achievements — Operating review — Corporate responsibility review — Financial review — Principal risks and uncertainties Board of Directors Operating Board Governance Directors’ report Statement of corporate governance Remuneration report Statement of Directors’ responsibilities Financial Statements & additional information Independent auditors’ report to the members of J Sainsbury plc Group income statement Statements of recognised income and expense Balance sheets Cash flow statements Notes to the financial statements Five year financial record Additional shareholder information Financial calendar Glossary

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Also online...
An illustrated review of Sainsbury’s during the 2008/09 financial year is also online at our corporate website or through the direct website address www.j-sainsbury.co.uk/illustratedreview This annual report is also available online at www.j-sainsbury.co.uk. By providing information online we are reducing the amount of paper printed and distributed and last year the majority of our shareholders chose to receive information online helping us to save 26 tonnes of paper. If you would like to receive this document electronically in the future rather than in print please contact Computershare (see page 94 for details).

Business review
Sainsbury’s celebrates its 140th anniversary this month and we do so from a position of increasing fitness and strength. We have made fundamental improvements to our operation over the last few years, but one thing has not changed: our commitment to the values that have underpinned our business throughout our history. Our passion for great food at fair prices, our commitment to customers, colleagues and suppliers and our strong ethical approach to business. This is the heart of our brand and it has helped...