EX-7 2 a16-20854_1ex7.htm EX-7

 

Exhibit 7

 

Computation of consolidated ratio of earnings to fixed charges

 

The following table sets out the calculation of the ratios of earnings to fixed charges (unaudited) for the periods indicated.

 

 

Year Ended 30 September

(in $AUD millions, unless otherwise indicated)

2016

2015

2014

2013

2012

Profit before income tax

10,644

11,416

10,740

9,772

8,814

Add fixed charges

16,881

18,223

18,894

20,376

24,549

Less minority interest in subsidiaries that have not incurred fixed charges

(15)

(56)

(64)

(74)

(66)

Earnings before tax and fixed charges

27,510

29,583

29,570

30,074

33,297

 

 

 

 

 

 

Interest expense

16,674

18,028

18,706

20,188

24,371

Portion of rent estimated to represent interest expense

207

195

188

188

178

Fixed charges

16,881

18,223

18,894

20,376

24,549

 

 

 

 

 

 

Ratio of earnings to fixed charges (%)

1.63

1.62

1.57

1.48

1.36