The Guardian said turnover rose to £12.1bn boosted by its George clothing range and other non-food products.
The accounts revealed that the highest paid director at the chain got an 11% pay rise to £741,000. The total directors' bill was £3.3m.
The number of employees was disclosed as 125,815 at the end of 2002. The number of equivalent full-time staff rose 14% during the year to 80,700.
The company's pension deficit stood at £108m at the end of 2002.
The company's staff and the Asda Foundation made total charitable donations of £4.2m.
Continued gains in market share by the UK’s top grocers, Tesco and Asda, would enable them to ride out any decline in consumer spending, according to The Observer.
The paper said the pair posed a major threat to other high street retailers such as Boots, WH Smith and Woolworths, as the supermarket chains become one-stop shops.
Sainsbury faces the prospect of a Christmas strike after arguments over pay with workers at one of its largest supply depots yesterday. The Times reported that the Union of Shop Distributive and Allied Workers which represents 99% of the 800 workers had rejected Sainsbury’s final pay offer of £7.19 per hour. The workers were seeking a rise to £8 per hour, in line with the regional average.
Tesco is short of mobile phones as suppliers have been unable to produce enough chips to keep up with demand in the run up to Christmas, according to the Mail on Sunday.
Staff at WH Smith could be asked to contribute up to 8% of their salaries to help fill a £151m pensions funding gap, according to The Guardian without citing sources.
The report said the company has started talks with staff over how to address the final salary scheme shortfall, which was last estimated at the end of August.