EX-7.1 3 d309924dex71.htm STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES Statement of ratio of earnings to fixed charges

Santander UK plc

Computation of Ratio of Earnings to Fixed Charges

Calculated in accordance with IFRS

Exhibit 7.1

Excluding interest on retail deposits

 

     Year ended December 31  
     2011
£m		      2010
£m		      2009
£m		      2008
£m		      2007
£m		  

Profit before tax

      1,261         2,125         1,690         1,094         864   

Fixed charges: interest expense (B)(1)

      1,077         809         1,650         2,988         2,639   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings before taxes and fixed charges (A)

      2,338         2,934         3,340         4,082         3,503   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges (A/B)

      217         363         202         137         133   

Including interest on retail deposits

 

     Year ended December 31  
     2011
£m		      2010
£m		      2009
£m		      2008
£m		      2007
£m		  

Profit before tax

      1,261         2,125         1,690         1,094         864   

Fixed charges: interest expense (B)(1)

      3,788         3,233         3,906         6,143         5,544   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings before taxes and fixed charges (A)

      5,049         5,358         5,596         7,237         6,408   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges (A/B)

      133         166         143         118         116   

Note:

(1)

Includes the amortisation of discounts and premiums on debt securities in issue.