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Annual Report
Annual Report
 
ANNUAL REPORT 2010-11

View the Online Annual Report (Flip Book)


Work Smart. Work Safe.

Health and safety has always been a priority for the LCBO and in 2010 we added health and safety as a fifth core value. “Work Smart. Work Safe” was chosen as the theme for this year’s report to demonstrate this ongoing commitment.

The four existing core values are: our commitment to providing engaging customer service, being socially responsible, striving for excellence in everything we do, and operating with integrity, transparency and good faith in all our interactions with stakeholders.

 

SOME HIGHLIGHTS

Dividend to the provincial government

In fiscal 2010-11, LCBO’s dividend to the provincial government increased to $1.55 billion, $140 million more than 2009-10. It was the 17th straight year the dividend increased. Net income was also new record, totalling $1.56 billion, an 8.8 per cent increase.

Product category sales increase

  • LCBO continued to support the domestic industry: Ontario VQA table wine sales grew 14.8 per cent and Ontario craft beer sales increased 52.7 per cent.

  • Overall beer sales were $923.2 million, an increase of $45.7 million over the previous year. Sales of single-serve cans increased 13.8 per cent in volume and accounted for 38 per cent of total beer sales at the LCBO by year-end.

  • Wine sales were $1.192 billion, an increase of $50 million.

  • Spirit sales were $1.8 billion, an increase of $74 million.

Corporate social responsibility

  • LCBO retail staff challenged approximately 3.6 million individuals who appeared to be underage or intoxicated, an increase of nearly 35 per cent, and refused service to 192,686, up 24 per cent (82 per cent of refusals were for reasons of age).

  • A combined waste diversion rate of 92 per cent for the containers LCBO sells was achieved through the Ontario Deposit Return Program and municipal Blue Box programs. The Ontario Deposit Return Program surpassed one billion containers returned since its launch in 2007.

  • A total of $5.4 million was raised for various charities, thanks to customers and employees, including $2.1 million for the United Way and $1.93 million for MADD Canada and four Ontario regional children’s hospitals.

 
     
 
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