EX-7.1 3 d605787dex71.htm EXHIBIT 7.1 Exhibit 7.1

 

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E7   SHELL ANNUAL REPORT AND FORM 20-F 2013   EXHIBIT 7.1

 

EXHIBIT 7.1

 

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

     $ MILLION   
      2013        2012 [A]      2011 [A]      2010        2009   

Pre-tax income from continuing operations before income from equity investees

     26,317        41,564        46,806        29,391        16,044   
Total fixed charges     1,710        1,712        1,608        1,684        1,669   
Distributed income from equity investees     7,117        10,573        9,681        6,519        4,903   
Less: interest capitalised     762        567        674        969        1,088   
Total earnings     34,382        53,282        57,421        36,625        21,528   
Interest expensed and capitalised     1,412        1,461        1,209        1,218        902   
Interest within rental expense     298        251        399        466        767   
Total fixed charges     1,710        1,712        1,608        1,684        1,669   
Ratio of earnings to fixed charges     20.11        31.12        35.71        21.75        12.90   

[A] Revised IAS 19 Employee Benefits has been adopted with effect from January 1, 2013, with retrospective application to the Consolidated Financial Statements for 2011 and 2012, reflected in the data above. See Note 28 to the “Consolidated Financial Statements”.