EX-7.1 5 d464496dex71.htm EX-7.1 EX-7.1

Exhibit 7.1

Calculation of Ratio of Earnings to Fixed Charges (times)

The ratio of earnings to fixed charges is determined using the following applicable factors:

Earnings consist of a) net profit from continuing operations excluding net profit or loss of joint ventures and associates increased by fixed charges b) income taxes and dividends received from joint ventures and associates.

Fixed charges consist of a) interest payable on debt and b) a portion of lease costs determined to be representative of interest.

This ratio takes no account of interest receivable although Unilever’s treasury operations involve both borrowing and depositing funds.

 Earnings to Fixed Charges € million2017 € million2016 € million2015 € million2014 € million2013 Earnings Net profit 6,486 5,547 5,259 5,515 5,263 Add: Taxation 1,667 1,922 1,961 2,131 1,851 (Less)/Add: Share of net profit/(loss) of joint ventures and associates (155 ) (127 ) (107 ) (98 ) (113 ) Add: Dividend income receivable from joint ventures and associates 144 144 124 131 110 Add: Fixed charges 742 761 694 678 663 8,884 8,247 7,931 8,357 7,774 Fixed charges Finance costs 556 584 516 500 500 Add: One-third of lease costs 186 177 178 178 163 742 761 694 678 663 Ratio of earnings to fixed charges (times) 12.0 10.8 11.4 12.3 11.7