Exhibit 12.1
2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
Profit/loss before tax | 5,723 | 8,268 | 4,970 | 962 | 1,786 | |||||||||||||||
Share of results of associated companies | -28 | -44 | -6 | -30 | -1 | |||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 5,695 | 8,224 | 4,964 | 932 | 1,785 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense on financial liabilities carried at amortised cost | 22 | 43 | 185 | 243 | 254 | |||||||||||||||
Interest portion of rental expense (33%)(1) | 95 | 109 | 138 | 144 | 142 | |||||||||||||||
Total fixed charges | 117 | 152 | 323 | 387 | 396 | |||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges | 5,812 | 8,376 | 5,287 | 1,319 | 2,181 | |||||||||||||||
Ratio of earnings to fixed charges | 49.68 | 55.11 | 16.37 | 3.41 | 5.51 |
(1) | Represents an appropriate interest factor |