EX-7 2 rdsa-ex71_9.htm EX-7.1 rdsa-ex71_9.htm

 

Exhibit 7.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of ratio of earnings to fixed charges

 

$ million

 

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

Pre-tax income from continuing operations before income

   from equity investees

 

 

13,905

 

 

 

2,061

 

 

 

(1,480

)

 

 

22,198

 

 

 

26,317

 

Total fixed charges

 

 

4,270

 

 

 

3,508

 

 

 

2,495

 

 

 

2,113

 

 

 

1,710

 

Distributed income from equity investees

 

 

4,998

 

 

 

3,820

 

 

 

4,627

 

 

 

6,902

 

 

 

7,117

 

Interest capitalised

 

 

(622

)

 

 

(725

)

 

 

(839

)

 

 

(757

)

 

 

(762

)

Total earnings

 

 

22,551

 

 

 

8,664

 

 

 

4,803

 

 

 

30,456

 

 

 

34,382

 

Interest expensed and capitalised

 

 

3,562

 

 

 

2,736

 

 

 

1,795

 

 

 

1,522

 

 

 

1,412

 

Interest within rental expense

 

 

708

 

 

 

772

 

 

 

700

 

 

 

591

 

 

 

298

 

Total fixed charges

 

 

4,270

 

 

 

3,508

 

 

 

2,495

 

 

 

2,113

 

 

 

1,710

 

Ratio of earnings to fixed charges

 

 

5.28

 

 

 

2.47

 

 

 

1.93

 

 

 

14.41

 

 

 

20.11

 

 

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).

 

 

 

ADDITIONAL INFORMATION SHELL ANNUAL REPORT AND FORM 20-F 2017

E1