EX-12.1 4 dex121.txt EXHIBIT 12.1 -164- Exhibit 12.1 RATIO OF EARNINGS TO FIXED CHARGES Years ended December 31, ----------------------------------------- 2001 2000 1999 1998 1997 ----- ----- ----- ----- ----- (In million EUR, except ratios) Dutch Accounting Principles Earnings: Income before taxes 3,243 2,839 2,181 1,634 1,287 Add: fixed charges 862 796 759 738 744 ----- ----- ----- ----- ----- 4,105 3,635 2,940 2,372 2,031 Fixed charges: Interest 862 796 759 738 744 Ratio: 4.8 4.6 3.9 3.2 2.7 US GAAP Earnings: Income before taxes 1,199 3,254 1,950 1,928 1,826 Add: fixed charges 862 796 759 738 743 ----- ----- ----- ----- ----- 2,061 4,050 2,709 2,666 2,569 Fixed charges: Interest 862 796 759 738 743 Ratio: 2.4 5.1 3.6 3.6 3.5