EXHIBIT 7
Compagnie Générale de Géophysique | ||||||||||||||||||||
Computation of Earnings to Fixed Charges | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
(in millions of euros) | 2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||
Interest expensed or capitalized | 28.5 | 23.0 | 15.9 | 9.6 | 4.9 | |||||||||||||||
Amortized premiums/interest related to indebtedness | 1.8 | 0.0 | -0.8 | 1.1 | 0.0 | |||||||||||||||
Preference security dividend | — | — | — | — | — | |||||||||||||||
Interest within rental expense | — | — | — | — | — | |||||||||||||||
Preference security dividends | — | — | — | — | — | |||||||||||||||
Total fixed charges | 30.3 | 23.0 | 15.1 | 10.7 | 4.9 | |||||||||||||||
Pre-tax income from continuing operations | 43.3 | 32.7 | -5.0 | -68.4 | -23.3 | |||||||||||||||
Equity in income of investees | -6.4 | -8.8 | -2.6 | -0.7 | 0.6 | |||||||||||||||
Fixed charges | 30.3 | 23.0 | 15.1 | 10.7 | 4.9 | |||||||||||||||
Amortization of capitalized interest | — | — | — | — | — | |||||||||||||||
Distributed income to investees | — | — | — | — | — | |||||||||||||||
Share pre-tax losses | — | — | — | — | — | |||||||||||||||
Total earnings | 67.2 | 46.9 | 7.5 | -58.4 | -17.8 | |||||||||||||||
Ratio of earnings to fixed charges | 2.2 | 2.0 | 0.5 | -5.5 | -3.6 | |||||||||||||||
Deficiency of earnings to fixed charges | n.a. | n.a. | -7.6 | -69.1 | -22.7 |