Exhibit 7.1
STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AMÉRICA MÓVIL, S.A.B. DE C.V. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Thousands of Mexican pesos
2004 | 2005 | 2006 | 2007 | 2008 | |||||||||||||
As adjusted | |||||||||||||||||
Mexican FRS | |||||||||||||||||
Income before taxes on profits | 28,002,273 | 33,432,068 | 61,527,609 | 81,151,600 | 79,463,731 | ||||||||||||
Plus: | Fixed charges: | ||||||||||||||||
Interest expense | 6,005,642 | 9,151,266 | 9,618,645 | 9,865,355 | 11,610,982 | ||||||||||||
Interest implicit in operating leases | 121,676 | 189,596 | 263,090 | 338,440 | 352,989 | ||||||||||||
Earnings under Mexican FRS | 34,129,591 | 42,772,929 | 71,409,344 | 91,355,395 | 91,427,702 | ||||||||||||
Mexican FRS: | |||||||||||||||||
Less: | Equity interest in net (loss) income of affiliates | 103,474 | 45,734 | (37,778 | ) | (57,621 | ) | (109,416 | ) | ||||||||
U.S. GAAP: | |||||||||||||||||
Total U.S. GAAP adjustments, net | (226,764 | ) | (98,653 | ) | (3,870,766 | ) | (3,278,261 | ) | (5,413,208 | ) | |||||||
Less: | Deferred income tax | 60,507 | (32,350 | ) | 1,948,894 | 57,859 | (2,272,321 | ) | |||||||||
Less: | Interest capitalized during the period | (680,119 | ) | (1,448,771 | ) | (974,757 | ) | 21,851 | 5,764,559 | ||||||||
Plus: | Non-controlling interest | 394,204 | 73,993 | 87,517 | 109,822 | 89,892 | |||||||||||
Plus: | Depreciation of capitalized interest | 167,670 | 269,541 | 346,648 | 424,143 | (346,528 | ) | ||||||||||
U.S. GAAP adjustments without deferred income tax and capitalized interest | (284,501 | ) | (1,236,239 | ) | (2,462,464 | ) | (2,664,586 | ) | (2,177,605 | ) | |||||||
Earnings under U.S. GAAP | 33,948,564 | 41,582,424 | 68,909,102 | 88,633,188 | 89,140,681 | ||||||||||||
Fixed charges: | |||||||||||||||||
Interest expense under U.S. GAAP | 5,447,200 | 7,892,091 | 8,906,978 | 10,225,646 | 17,728,531 | ||||||||||||
Plus: | Interest capitalized during the period | 680,119 | 1,448,771 | 974,757 | (21,851 | ) | (5,764,559 | ) | |||||||||
Fixed charges under U.S. GAAP | 6,127,318 | 9,340,862 | 9,881,735 | 10,203,795 | 11,963,971 | ||||||||||||
Mexican FRS | 5.6 | 4.6 | 7.2 | 9.0 | 7.6 | ||||||||||||
U.S. GAAP | 5.5 | 4.5 | 7.0 | 8.7 | 7.5 |