Sainsbury is the UK’s third largest supermarket. Their main competitors areTesco, Asda and Morrison.Presently, Sainsbury operates 504 supermarkets across the UK, employingapproximately 150,000 employees
1.1 Sainsbury Accounts
Sainsbury annual fiscal year ends in the third week of March each year. Theypreviously used the UK GAAP accounting format up until 2005 and in 2006they changed over to the IFRS. Their auditor is PricewaterhouseCoopers. Thecompany uses the going concern concept
1.2 Sainsbury Financial Tools
The financial tools used are the Income statement, Balance sheet, Cash flowstatement and financial ratios
. Table 1.2 below shows the important figuresextracted from the financial tools.
This ensures that the company will continue to operate in the foreseeable future.
Financial information obtained from London Stock Exchange. Refer to Appendix 1, page…