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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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Exhibit 7
Computation of consolidated ratio of earnings to fixed charges
The following table sets out the calculation of the ratios of earnings to fixed charges (unaudited) for the periods indicated.
|
| Year Ended 30 September |
| ||||||||
(in $AUD millions, unless otherwise indicated) |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
|
Profit before income tax |
| 10,740 |
| 9,772 |
| 8,814 |
| 8,514 |
| 8,038 |
|
Add fixed charges |
| 18,894 |
| 20,376 |
| 24,549 |
| 26,270 |
| 22,470 |
|
Less minority interest in subsidiaries that have not incurred fixed charges |
| (64 | ) | (74 | ) | (66 | ) | (68 | ) | (66 | ) |
Earnings before tax and fixed charges |
| 29,570 |
| 30,074 |
| 33,297 |
| 34,716 |
| 30,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| 18,706 |
| 20,188 |
| 24,371 |
| 26,102 |
| 22,309 |
|
Portion of rent estimated to represent interest expense |
| 188 |
| 188 |
| 178 |
| 168 |
| 161 |
|
Fixed charges |
| 18,894 |
| 20,376 |
| 24,549 |
| 26,270 |
| 22,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (%) |
| 1.57 |
| 1.48 |
| 1.36 |
| 1.32 |
| 1.35 |
|