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Board report includes sections on divisional performance measures; property development; construction departments; property management; funding; and Sainsbury Let Property Investments Limited. Includes photocopied signature of I.D. Coull (5 April 1991) on p.41.

Board report appendices includes Sainsbury's development plan; Homebase development plan; Sainsbury's developments 1990/91, 1991/92 and 1992/93; Homebase developments 1990/91, 1991/92 and 1992/93; Landbanking schedule; 'live' sites; reappraisals; sites subsequently lost; and analysis of takings, costs and returns for 1989/90 openings.