Supermarket Asda has today filed its annual Statutory Accounts for the financial year to 31st December 2019 with Companies House.
The accounts for Asda Group Limited, includes the financial activities of all Asda stores, distribution centres and online operations including food, clothing, general merchandise and fuel.
Asda’s sales for 2019 were £22,899.2m (2018 £22,916.5m). Like-for-like sales (excluding fuel and VAT) declined by 0.8%.
Asda’s operating profit for 2019 was £584.2m (2018:£803.2m). Profit was adversely affected by a number of one-off costs, including an increase in share option charges, mainly due to the Asda colleague Sharesave plan and property costs.
- What a nightmare - took one and a half hours to do as site so slow. Then when I tried to check out it said my delivery slot had expired - tried to book another slot but non available due to technical problem! Rang help desk - not at all helpful - best suggestion from them was to try again tomorrow. I could have gone around the store quicker.
- Reason I mention delivery pass is, I created a new account last night and I got no errors and this morning I can log into the new account fine and go to book a slot etc. Even got my partners old account signed in and all works fine.
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In 2019, Asda won 92 awards at the Quality Food and Drink Awards including ‘Retailer of the year’, and The Grocer Magazine’s G33 Price Award for the twenty-second consecutive year. Asda’s total Consumer Promoter Score (“CPS”) increased by 0.6 points in 2019 compared to the previous year, whilst online sales in grew ahead of the market in 2019 supported by further improvement in the online proposition. This trend has continued through 2020 with Asda outlining its ambition to offer one million delivery slots per week by the end of 2020.
Asda also continued to implement its Create Change for Better strategy, further eliminating more than 7.7 tonnes of packaging used in its Own Brand products and asking suppliers to work with them in finding new solutions to refillable and reusable products, an initiative that came to fruition in October 2020 with the launch of Asda’s trial store in Middleton, Leeds.
As well as continuing to invest in customers and communities in 2019, Asda also continued to invest in its colleagues in 2019 – committing to train over 1500 apprentices, as well as paying a bonus to all eligible colleagues alongside strong returns on sharesave investments. In October 2019, Walmart, Asda and the Trustees of the Asda Group Pension scheme agreed to proceed with a bulk annuity insurance ‘buy-in’ of the pension scheme with Rothesay Life PLC, a specialist insurer of defined benefit pension schemes. This resulted in a one off payment by Asda of £1,174.8m into the scheme and the supermarket remains on track to complete the full Scheme buy-out in 2021, securing the benefits of the Scheme’s 12,300 members.
Following completion of the pension ‘buy in’, and in respect of the 2017, 2018 and 2019 financial years, a £1,150.0m inter-company dividend payment of surplus cash was made by Asda to its parent company Walmart, on 5 March 2020. This was the first such dividend payment to Walmart since 2017.
The acquisition of Asda by the Issa brothers and TDR Capital remains on track to complete in H1 2021, subject to regulatory approval. Under its new owners the business will invest over £1 billion in the next three years to further strengthen the customer proposition and supply chain.
Asda will continue to invest in accelerating its omnichannel offer and in the resilience of its supply chain, including sourcing more food from UK farmers and maintaining its commitment to supporting domestic suppliers and small businesses.
Asda Chief Financial Officer, Rob McWilliam, said:
Asda Delivery Slot Not Working Machines
“This annual report is a record of the progress we made in investing for customers and advancing delivery of our strategy in 2019.
“During the year, we invested incrementally in our customer offer, delivering lower prices to millions of customers and improving the quality of thousands of own-brand products through use of healthier ingredients and more sustainable packaging. We also refreshed 37 stores with our latest proposition.
“Another key milestone was the agreement with Rothesay Life for a buy-in of the Asda Group Pension Scheme. This transaction saw Asda make a one-off payment of £1,174.8m into the scheme and secured the benefits of the 12,300 scheme members. Once the buy-out completes, it will remove all future scheme liabilities from the Walmart and Asda balance sheets - delivering a positive outcome for scheme members, Asda and Walmart.”
© Provided by The i Tesco will pay back millions (Photo: Getty)The Covid-19 pandemic means more people than ever are relying on home delivery for their food shopping.
And with the news that up to three households will be allowed to gather over the festive period, many families are now preparing for their Christmas food shop.
© Provided by The i Asda's delivery slots are live (Photo: Getty)Most supermarkets have already opened their Christmas delivery slots, allowing you to rest easy knowing your turkey is on the way.
© Provided by The i Slots at Sainsbury's will be released from 29 November (Photo: Getty)Here are the latest updates for all the major chains…
Tesco
Tesco’s Christmas delivery slots opened on 13 November for people on its delivery saver scheme, and are now available to everyone.
Deliveries cost between £4.50 and £5.50, or you can choose to click and collect for £1.50.
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There is a £4 surcharge for deliveries under £40 and click and collect orders worth less than £25.
Asda
© Provided by The i Asda’s delivery slots are live (Photo: Getty)Asda’s delivery slots are now online and available to book.
Some dates and times are fully booked, depending on your location, but if this is the case you should still be able to select the click and collect option.
Delivery costs between £3 and £5.50, depending on when you want your order to come.
There is a £3 surcharge for delivery orders of less than £40 and click and collect orders of less than £25.
Morrisons
Morrisons’ Christmas delivery slots opened on 25 November, and you can book for any date from 20-24 December, subject to availability.
Delivery costs between £2 and £7, depending on when you want your food to arrive.
Amazon Prime customers can get free delivery of they order their Morrisons shop through Amazon’s site.
Sainsbury’s
© Provided by The i Slots at Sainsbury’s will be released from 29 November (Photo: Getty)Sainsbury’s schedule is as follows:
- For delivery on 20 December, slots can be booked from 29 November
- For delivery on 21 December, slots can be booked from 30 November
- For delivery on 22 December, slots can be booked from 1 December
- For delivery on 23 December, slots can be booked from 2 December
Sainsbury’s delivery pass holders will be given early access, which they should receive via email.
The supermarket charges £7 for delivery on orders under £40 and between 50p and £7 for orders over £40, depending on the slot.
There is a minimum order of £25. Click and collect is also available.
Waitrose
Waitrose’s Christmas delivery slots are now live on its website.
Delivery is free, but there is a minimum spend of £40. The same applies for click and collect orders.