EX-7 3 u49747exv7.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES. exv7
 

Exhibits
Exhibit 7
Calculation of Ratio of Earnings to Fixed Charges (US GAAP)
                                         
 
Earnings   2005     2004     2003     2002     2001  
 
Pre-tax income from continuing operations before adjustments for minority interests
and income from equity investees
    37,511       27,223       19,083       15,281       17,074  
Total fixed charges
    1,639       1,841       1,424       1,568       1,075  
Distributed income from equity investees
    6,709       3,472       2,192       1,571       1,800  
Less: interest capitalised
    427       207       44       43       32  
Less: preference security dividend requirements of consolidated subsidiaries
    7       9       5       8       13  
 
Total earnings
    45,425       32,320       22,650       18,369       19,904  
 
 
                                       
Interest expensed and capitalised
    1,175       1,423       828       883       662  
Interest within rental expense
    457       409       591       677       400  
Less: preference security dividend requirements of consolidated subsidiaries
    7       9       5       8       13  
 
Total fixed charges
    1,639       1,841       1,424       1,568       1,075  
 
 
                                       
 
Ratio earnings/fixed charges
    27.72       17.56       15.91       11.71       18.52  
 
Calculation of Ratio of Earnings to Fixed Charges (IFRS)
                 
 
Earnings   2005     2004  
 
Pre-tax income from continuing operations before adjustments for minority interests
and income from equity investees
    38,394       27,361  
Total fixed charges
    1,958       1,685  
Distributed income from equity investees
    6,709       4,190  
Less: interest capitalised
    427       207  
Less: preference security dividend requirements of consolidated subsidiaries
    7       9  
 
Total earnings
    46,627       33,020  
 
 
               
Interest expensed and capitalised
    1,494       1,267  
Interest within rental expense
    457       409  
Less: preference security dividend requirements of consolidated subsidiaries
    7       9  
 
Total fixed charges
    1,958       1,685  
 
 
               
 
Ratio earnings/fixed charges
    23.81       19.60  
 

Exhibits   E1