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20-F/A Filing
TotalEnergies SE (TTE) 20-F/A2014 FY Annual report (foreign) (amended)
Filed: 27 Mar 15, 12:00am
EXHIBIT 7.2
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
Effective January 1, 2014, TOTAL changed the presentation currency of the Group’s Consolidated Financial Statements from the Euro to the US Dollar. Comparative 2013, 2012, 2011 and 2010 information in the table below has been restated. For more information, see the Introduction to TOTAL’s 2014 Consolidated Financial Statements.
Years Ended December 31, | ||||||||||||||||||||
(Amounts in millions of U.S. dollars) | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Net income(a)(b) | 4,244 | 11,228 | 13,648 | 17,400 | 14,740 | |||||||||||||||
Income tax expenses(a)(b) | 8,614 | 14,767 | 16,747 | 19,614 | 13,583 | |||||||||||||||
Non-controlling interests | 6 | 293 | 188 | 424 | 313 | |||||||||||||||
Equity in income of affiliates (in excess of)/ less than dividends received | 29 | (775 | ) | 272 | (149 | ) | (623 | ) | ||||||||||||
Interest expensed | 536 | 656 | 649 | 862 | 551 | |||||||||||||||
Estimate of the interest within rental expense | 406 | 357 | 334 | 299 | 268 | |||||||||||||||
Amortization of capitalized interest | 160 | 135 | 205 | 280 | 317 | |||||||||||||||
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Total(a)(b) | 13,995 | 26,661 | 32,043 | 38,730 | 29,149 | |||||||||||||||
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Interest expensed | 536 | 656 | 649 | 862 | 551 | |||||||||||||||
Capitalized interest | 341 | 349 | 333 | 245 | 156 | |||||||||||||||
Estimate of the interest within rental expense | 406 | 357 | 334 | 299 | 268 | |||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | |||||||||||||||
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Fixed charges | 1,283 | 1,362 | 1,316 | 1,406 | 975 | |||||||||||||||
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Ratio of earnings to fixed charges(a)(b) | 10.91 | 19.57 | 24.35 | 27.55 | 29.90 | |||||||||||||||
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(a) | Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014. |
(b) | Figures for 2012, 2011 and 2010 have been restated pursuant to the retrospective application of the revised accounting standard IAS 19 from January 1, 2013. |