Exhibit 7
Daimler AG and its Consolidated Subsidiaries
Computation of Ratios of Earnings
(in millions of €, except ratios)
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| U.S. GAAP |
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| IFRS(3) |
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| Year Ended December 31, |
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| Year Ended December 31, |
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| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
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| 2005 |
| 2006 |
| 2007 |
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EARNINGS |
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Income/(loss) from continuing operations before income taxes, minority interests, and cumulative effects of changes in accounting principles |
| 5,925 |
| 596 |
| 3,535 |
| 3,376 | (2) | 4,021 | (2) |
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| 2,426 |
| 4,902 |
| 9,181 |
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Add: |
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Fixed charges |
| 4,102 |
| 3,383 |
| 3,199 |
| 4,312 |
| 4,649 |
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| 3,457 |
| 3,714 |
| 4,147 |
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Amortization of previously capitalized interest |
| 134 |
| 119 |
| 107 |
| 104 |
| 97 |
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| — |
| — |
| — |
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Dividends received from equity investees |
| 133 |
| 80 |
| 107 |
| 122 |
| 159 |
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| 122 |
| 159 |
| 9 |
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Deduct: |
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Capitalized interest |
| (147 | ) | (100 | ) | (70 | ) | (73 | ) | (73 | ) |
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| — |
| — |
| — |
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(Income)/loss from equity investees |
| 134 |
| 538 |
| 937 |
| (103 | ) | (318 | ) |
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| (372 | ) | 148 |
| 399 |
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Earnings available for fixed charges |
| 10,281 |
| 4,616 |
| 7,815 |
| 7,738 |
| 8,535 |
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| 5,633 |
| 8,923 |
| 13,756 |
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FIXED CHARGES |
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Interest expense |
| 3,709 |
| 3,034 |
| 2,828 |
| 3,924 |
| 4,256 |
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| 3,264 |
| 3,526 |
| 3,943 |
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Capitalized interest |
| 147 |
| 100 |
| 70 |
| 73 |
| 73 |
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| — |
| — |
| — |
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Interest portion of rent expense(1) |
| 246 |
| 249 |
| 301 |
| 315 |
| 320 |
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| 193 |
| 188 |
| 204 |
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Total fixed charges |
| 4,102 |
| 3,383 |
| 3,199 |
| 4,312 |
| 4,649 |
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| 3,457 |
| 3,714 |
| 4,147 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 2.51 |
| 1.36 |
| 2.44 |
| 1.79 |
| 1.84 |
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| 1.63 |
| 2.40 |
| 3.32 |
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(1) One third of all rental expenses is deemed to be interest.
(2) Income from continuing operations before income taxes, minority interests, and cumulative effects of changes in accounting principles under US-GAAP for the years 2005 and 2006 was retroactively adjusted in connection with the first time adoption of IFRS. The adjustements did not materially affect the results of the years 2005 or 2006.
(3) The IFRS based numbers for the years ended December 31, 2007, 2006 and 2005 have been adjusted to reflect the presentation of the Chrysler activities as discontinued operations.