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?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Bad
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New words:
academic, adjudged, Almi, appraised, assesment, attention, background, BBB, Brazilian, breadth, Brexit, broaden, broadening, broken, cease, ceiling, collaboration, compliant, compound, COSO, counted, cushion, Denmark, departure, deposited, devaluation, duality, DVA, easing, EEA, ethnic, evolved, evolving, explained, face, facing, Finrep, forbearance, Fotografiska, gender, graph, Guldsillen, Handelsbanken, healthcare, Hoist, immaterial, India, intervene, IVR, lifetime, macro, malware, marketplace, medical, membership, memorandum, mind, moderately, MREL, Norway, NPAP, OCA, operationally, parlament, presidential, pressure, profession, proposition, PwC, referendum, remeasurement, retrospectively, Riksbank, safeguard, Skanska, Solicitation, soliciting, solvency, stably, Stefan, stimuli, stressad, Swedfund, Tanzania, tension, Transmission, Uggla, UK, Universal, unknowingly, unsound, upturn, utilise, vale, versed, vesting, voluntary
Removed:
accrual, acquired, acted, administered, Adranz, advanced, allocation, alternate, amortization, analytical, approve, attendance, averaged, avoidance, bifurcated, Bombardier, budgeting, building, Cassel, cautioning, cessation, chart, communicate, comparative, competent, cooperated, cooperatively, coordination, cope, Copenhagen, dialogue, Directorate, disclose, diversification, double, downgraded, dramatically, earthquake, effectuated, EL, emerged, Eurozone, exchanging, experiencing, exporter, female, Filip, fluctuate, Folksam, forecasting, formula, gain, goal, guiding, handle, harmed, Herjevik, house, improper, indefinitely, industrial, inquiry, Irish, isolation, joined, Korean, Land, lent, licensed, male, manifested, maturing, McKinsey, metric, mixed, MTN, narrower, network, Official, organizational, originating, paragraph, partial, power, prompt, putting, quantify, ranking, recession, recessive, reconsidered, recording, redeem, relied, replacement, repurchase, retired, run, scale, singled, sophisticated, South, speculative, statistical, statistically, steering, Stiftelsen, substitute, succeed, supplemented, syndicated, trainee, transition, Transportation, trend, Tryggstiftelsen, tsunami, typically, UL, understand, undertaken, unexpected, user
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Exhibit 7.1
STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES
Calculation of Ratios of Earnings to Fixed Charges
for SEK excluding the S-system
on the Basis of IFRS
|
| Year end December 31, |
| ||||
(Skr millions, except for ratios) |
| 2016 |
| 2015 |
| 2014 |
|
Fixed Charges: |
|
|
|
|
|
|
|
Interest expenses |
| 1,441 |
| 1,173 |
| 2,196 |
|
Earnings: |
|
|
|
|
|
|
|
Net profit |
| 780 |
| 1,187 |
| 1,260 |
|
Taxes |
| 222 |
| 348 |
| 369 |
|
Fixed charges |
| 1,441 |
| 1,173 |
| 2,196 |
|
|
| 2,443 |
| 2,708 |
| 3,825 |
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
| 1.70 |
| 2.31 |
| 1.74 |
|
For the purpose of calculating ratios of earnings to fixed charges, earnings consist of net profit for the year, plus taxes and fixed charges. Fixed charges consist of interest expenses, including borrowing costs, of SEK.