EX-7.1 2 rdsa-ex71_16.htm EX-7.1 rdsa-ex71_16.htm

EXHIBIT 7.1

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of ratio of earnings to fixed charges

 

$ million

 

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Pre-tax income from continuing operations before income

   from equity investees

 

 

2,061

 

 

 

(1,480

)

 

 

22,198

 

 

 

26,317

 

 

 

41,564

 

Total fixed charges

 

 

3,508

 

 

 

2,495

 

 

 

2,113

 

 

 

1,710

 

 

 

1,712

 

Distributed income from equity investees

 

 

3,820

 

 

 

4,627

 

 

 

6,902

 

 

 

7,117

 

 

 

10,573

 

Interest capitalised

 

 

(725

)

 

 

(839

)

 

 

(757

)

 

 

(762

)

 

 

(567

)

Total earnings

 

 

8,664

 

 

 

4,803

 

 

 

30,456

 

 

 

34,382

 

 

 

53,282

 

Interest expensed and capitalised

 

 

2,736

 

 

 

1,795

 

 

 

1,522

 

 

 

1,412

 

 

 

1,461

 

Interest within rental expense

 

 

772

 

 

 

700

 

 

 

591

 

 

 

298

 

 

 

251

 

Total fixed charges

 

 

3,508

 

 

 

2,495

 

 

 

2,113

 

 

 

1,710

 

 

 

1,712

 

Ratio of earnings to fixed charges

 

 

2.47

 

 

 

1.93

 

 

 

14.41

 

 

 

20.11

 

 

 

31.12

 

 

For the purposes of the table above, earnings consist of pre-tax income from continuing operations (before adjustment for non-controlling interest) plus fixed charges (excluding capitalised interest) less undistributed income of joint ventures and associates. Fixed charges consist of expensed and capitalised interest (excluding accretion expense) plus interest within rental expenses (for operating leases)

 

 

E1        ADDITIONAL INFORMATION SHELL ANNUAL REPORT AND FORM 20-F 2016