Exhibit 7.1
AMERICA MOVIL, S.A.B. DE C.V. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Thousands of Mexican pesos
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||
Mexican FRS | ||||||||||||
Income before taxes on profits | Ps. 33,432,068 | Ps. 61,527,609 | Ps. 81,151,600 | Ps. 79,463,731 | Ps. 99,257,161 | |||||||
Plus: | Fixed charges : | |||||||||||
Interest expense | 9,151,266 | 9,618,645 | 9,865,355 | 11,610,982 | 10,689,719 | |||||||
Interest implicit in operating leases | 189,596 | 263,090 | 338,440 | 352,989 | 444,785 | |||||||
Earnings under Mexican FRS | Ps. 42,772,929 | Ps. 71,409,344 | Ps. 91,355,395 | Ps. 91,427,702 | Ps. 110,391,665 | |||||||
Mexican FRS: | ||||||||||||
U.S. GAAP: | ||||||||||||
Total US GAAP adjustments, net | -24,660 | -3,783,249 | -3,168,439 | -5,323,316 | -2,638,028 | |||||||
Less: | Deferred income tax | -32,350 | 1,948,894 | 57,859 | -2,272,321 | 744,192 | ||||||
Less: | Interest capitalized during the period | -1,448,771 | -974,757 | 21,851 | 5,764,559 | -117,870 | ||||||
Plus: | Depreciation of capitalized interest | 269,541 | 346,648 | 424,143 | -346,528 | -176,321 | ||||||
US GAAP adjustments without deferred income tax and capitalized interest | -1,236,240 | -2,462,464 | -2,664,586 | -2,177,605 | -2,188,027 | |||||||
Earnings under U.S. GAAP | Ps. 41,582,424 | Ps. 68,909,102 | Ps. 88,633,188 | Ps. 89,140,681 | Ps. 108,007,924 | |||||||
Fixed charges: | ||||||||||||
Interest expense under US GAAP | 7,892,091 | 8,906,978 | 10,225,646 | 17,728,531 | 11,016,634 | |||||||
Plus: | Interest capitalized during the period | 1,448,771 | 974,757 | -21,851 | -5,764,559 | 117,870 | ||||||
Fixed charges under U.S. GAAP | Ps. 9,340,862 | Ps. 9,881,735 | Ps. 10,203,795 | Ps. 11,963,971 | Ps. 11,134,504 | |||||||
Mexican FRS | 4.6 | 7.2 | 9.0 | 7.6 | 9.9 | |||||||
U.S. GAAP | 4.5 | 7.0 | 8.7 | 7.5 | 9.7 |