Exhibit 12
UNAUDITED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Under IFRS
Year ended March 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income before taxes | 2,867 | 2,522 | 2,580 | 2,414 | 1,593 | |||||||||||||||
Add: Dividends received from associates and joint ventures | — | (1 | ) | (2 | ) | (4 | ) | 7 | ||||||||||||
Less: Minority interest | — | (2 | ) | (3 | ) | (1 | ) | (2 | ) | |||||||||||
Less: (Income)/loss from associates and joint ventures | 1 | 3 | (4 | ) | (10 | ) | (21 | ) | ||||||||||||
Add: Fixed charges | 715 | 733 | 809 | 827 | 1,012 | |||||||||||||||
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3,583 | 3,255 | 3,380 | 3,226 | 2,589 | ||||||||||||||||
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Fixed charges | ||||||||||||||||||||
Interest Payable | 878 | 838 | 785 | 790 | 3,203 | |||||||||||||||
Less: Interest on pension liabilities | (292 | ) | (235 | ) | (117 | ) | (98 | ) | (2,323 | ) | ||||||||||
Add: One third of rental expense | 129 | 130 | 141 | 135 | 132 | |||||||||||||||
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715 | 733 | 809 | 827 | 1,012 | ||||||||||||||||
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Ratio | 5.0 | 4.4 | 4.2 | 3.9 | 2.6 |