- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
Exhibit 7.1
Santander UK plc
Computation of Ratio of Earnings to Fixed Charges
(i) Excluding interest on retail deposits
Year ended December 31 | ||||||||||||||||||||
2016 £m | 2015 £m | 2014 £m | 2013 £m | 2012 £m | ||||||||||||||||
Profit on continuing operations before tax | 1,917 | 1,345 | 1,399 | 1,109 | 1,152 | |||||||||||||||
Fixed charges: interest expense (B)(1) | 994 | 1,141 | 1,291 | 1,549 | 1,774 | |||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | (12 | ) | 0 | 0 | 0 | 0 | ||||||||||||||
Earnings before taxes and fixed charges (A) | 2,899 | 2,486 | 2,690 | 2,658 | 2,926 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges (A/B) | 292 | 218 | 208 | 172 | 165 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
(ii) Including interest on retail deposits
Year ended December 31 | ||||||||||||||||||||
2016 £m | 2015 £m | 2014 £m | 2013 £m | 2012 £m | ||||||||||||||||
Profit on continuing operations before tax | 1,917 | 1,345 | 1,399 | 1,109 | 1,152 | |||||||||||||||
Fixed charges: interest expense (B)(1) | 2,885 | 3,120 | 3,363 | 4,207 | 4,698 | |||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | (12 | ) | 0 | 0 | 0 | 0 | ||||||||||||||
Earnings before taxes and fixed charges (A) | 4,790 | 4,465 | 4,762 | 5,316 | 5,850 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges (A/B) | 166 | 143 | 142 | 126 | 125 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
Note
(1) | Includes the amortisation of discounts and premiums on debt securities in issue. |