EX-12.(D) 5 a2233548zex-12_d.htm EX-12.(D)
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Exhibit 12(d)

STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES

Calculation of Ratios of Earnings to Fixed Charges
for SEK excluding the S-system
on the Basis of IFRS

  Nine months ended September 30, 2017    

(Skr millions, except for ratios)
   2017    

Fixed Charges:

        

Interest expenses

     1,599  

Earnings:

        

Net profit

     509  

Taxes

     157  

Fixed charges

     1,599  
​ ​ ​ ​ ​

    2,265  
​ ​ ​ ​ ​

Ratio of earnings to fixed charges

     1.42  
​ ​ ​ ​ ​

        For the purpose of calculating ratios of earnings to fixed charges, earnings consist of net profit for the year, plus taxes and fixed charges. Fixed charges consist of interest expenses, including borrowing costs, of SEK.



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STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES Calculation of Ratios of Earnings to Fixed Charges for SEK excluding the S-system on the Basis of IFRS