EXHIBITS
EXHIBIT 7.1
Calculation of Ratio of Earnings to Fixed Charges (US GAAP) | ||||||||||||||||||||
| Earnings | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
| Pre-tax income from continuing operations before adjustments for minority interest and income from equity investees | 37,026 | 36,074 | 26,445 | 18,742 | 15,239 | |||||||||||||||
| Total fixed charges | 1,880 | 1,639 | 1,841 | 1,424 | 1,568 | |||||||||||||||
| Distributed income from equity investees | 5,488 | 6,709 | 3,472 | 2,192 | 1,571 | |||||||||||||||
| Less: interest capitalised | 564 | 427 | 207 | 44 | 43 | |||||||||||||||
| Less: preference security dividend requirements of consolidated subsidiaries | – | 7 | 9 | 5 | 8 | |||||||||||||||
| Total earnings | 43,830 | 43,988 | 31,542 | 22,309 | 18,327 | |||||||||||||||
| Interest expensed and capitalised | 1,335 | 1,175 | 1,423 | 828 | 883 | |||||||||||||||
| Interest within rental expense | 545 | 457 | 409 | 591 | 677 | |||||||||||||||
| Less: preference security dividend requirements of consolidated subsidiaries | – | 7 | 9 | 5 | 8 | |||||||||||||||
| Total fixed charges | 1,880 | 1,639 | 1,841 | 1,424 | 1,568 | |||||||||||||||
| Ratio earnings/fixed charges | 23.31 | 26.84 | 17.13 | 15.67 | 11.69 | |||||||||||||||
Calculation of Ratio of Earnings to Fixed Charges (IFRS) | ||||||||||||||||||||
| Earnings | 2006 | 2005 | 2004 | |||||||||||||||||
| Pre-tax income from continuing operations before income from equity investees | 37,957 | 37,444 | 26,644 | |||||||||||||||||
| Total fixed charges | 2,258 | 1,958 | 1,685 | |||||||||||||||||
| Distributed income from equity investees | 5,488 | 6,709 | 4,190 | |||||||||||||||||
| Less: interest capitalised | 564 | 427 | 207 | |||||||||||||||||
| Less: preference security dividend requirements of consolidated subsidiaries | – | 7 | 9 | |||||||||||||||||
| Total earnings | 45,139 | 45,677 | 32,303 | |||||||||||||||||
| Interest expensed and capitalised | 1,713 | 1,494 | 1,267 | |||||||||||||||||
| Interest within rental expense | 545 | 457 | 409 | |||||||||||||||||
| Less: preference security dividend requirements of consolidated subsidiaries | – | 7 | 9 | |||||||||||||||||
| Total fixed charges | 2,258 | 1,958 | 1,685 | |||||||||||||||||
| Ratio earnings/fixed charges | 19.99 | 23.33 | 19.17 | |||||||||||||||||
Royal Dutch Shell plcE1