EX-7.1 3 d635343dex71.htm EXHIBIT 7.1 Exhibit 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 available for fixed charges are calculated, first, by determining the sum of: (a) net profit before taxation and the Unilever Group’s share of net profit/(loss) of joint ventures and associates; (b) dividend income receivable from joint ventures and associates; and (c) fixed charges, as defined below.

Fixed charges are calculated as the sum of: (a) finance costs (both expensed and capitalized); and (b) one-third of lease costs (e.g., that portion of rental expense that is representative of the interest factor).

 

Earnings to Fixed Charges

   € million
2013
    € million
2012
(Restated)
    € million
2011
(Restated)
    € million
2010
(Restated)
    € million
2009
(Restated)
 

Earnings

          

Net profit

     5,263        4,836        4,491        4,465        3,646   

Add: Taxation

     1,851        1,697        1,575        1,486        1,253   

(Less)/Add: Share of net profit/(loss) of joint ventures and associates

     (113     (105     (113     (111     (115

Add: Dividend income receivable from joint ventures and associates

     110        119        111        141        177   

Add: Fixed charges

     663        712        691        634        640   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     7,774        7,259        6,755        6,615        5,601   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

          

Finance costs

     500        526        540        480        483   

Add: One-third of lease costs

     163        186        151        154        157   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     663        712        691        634        640   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges (times)

     11.7        10.2        9.8        10.4        8.8