Exhibit 7
Daimler AG and its Consolidated Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of €, except ratios)
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| IFRS (2) |
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| Year Ended December 31, |
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| 2005 |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
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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 |
| 2,426 |
| 4,902 |
| 9,181 |
| 2,795 |
| (2,298 | ) |
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Add: |
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Fixed charges |
| 3,457 |
| 3,714 |
| 4,147 |
| 4,565 |
| 5,307 |
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Amortization of previously capitalized interest |
| — |
| — |
| — |
| — |
| — |
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Dividends received from equity investees |
| 122 |
| 159 |
| 9 |
| 9 |
| 46 |
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Deduct: |
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Capitalized interest |
| — |
| — |
| — |
| — |
| 1 |
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(Income)/loss from equity investees |
| (372 | ) | 148 |
| 399 |
| 1,128 |
| (72 | ) |
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Earnings available for fixed charges |
| 5,633 |
| 8,923 |
| 13,736 |
| 8,497 |
| 2,984 |
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FIXED CHARGES |
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Interest expense |
| 3,264 |
| 3,526 |
| 3,943 |
| 4,377 |
| 5,135 |
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Capitalized interest |
| — |
| — |
| — |
| — |
| 1 |
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Interest portion of rent expense (1) |
| 193 |
| 188 |
| 204 |
| 188 |
| 171 |
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Total fixed charges |
| 3,457 |
| 3,714 |
| 4,147 |
| 4,565 |
| 5,307 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 1.63 |
| 2.40 |
| 3.31 |
| 1.86 |
| 0.56 | (3) |
(1) One third of all rental expenses is deemed to be interest.
(2) The IFRS based numbers for the years ended December 31, 2006 and 2005 have been adusted to reflect the presentation of the Chrysler activities as discontinued operations.
(3) For the year ended December 31, 2009, earnings were insufficient to cover fixed charges by €2,323 million.