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RATIOS OF EARNINGS TO FIXED CHARGES
Calculation of Ratios of Earnings to Fixed Charges
for SEK excluding the S-system
on the Basis of Swedish Accounting Principles
| Year ended December 31, | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
| 2004 | 2003 | 2002 | 2001 | 2000 | ||||||
Fixed Charges: | |||||||||||
Interest expenses | 4,253.7 | 3,675.4 | 4,040.2 | 6,081.0 | 6,451.6 | ||||||
Earnings: | |||||||||||
Net profit | 439.6 | 427.5 | 479.7 | 540.7 | 601.8 | ||||||
Taxes | 172.2 | 167.8 | 184.7 | 188.3 | 228.1 | ||||||
Fixed charges | 4,253.7 | 3,675.4 | 4,040.2 | 6,081.0 | 6,451.6 | ||||||
4,865.5 | 4,270.7 | 4,704.6 | 6,810.0 | 7,281.5 | |||||||
Ratio of earnings to fixed charges | 1.14 | 1.16 | 1.16 | 1.12 | 1.13 | ||||||
RATIOS OF EARNINGS TO FIXED CHARGES Calculation of Ratios of Earnings to Fixed Charges for SEK excluding the S-system on the Basis of Swedish Accounting Principles