Exhibit 7.1
Abbey National Treasury Services plc
Computation of Ratio of Earnings to Fixed Charges
(i) Excluding interest on retail deposits
| Six months ended 30 June | ||||||||
| 2013 £m | 2012 £m | |||||||
Profit before tax | 273 | 135 | ||||||
Fixed charges: interest expense (B) (1) | 1,601 | 1,865 | ||||||
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Earnings before taxes and fixed charges (A) | 1,874 | 2,000 | ||||||
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Ratio of earnings to fixed charges (A/B) | 117 | 107 | ||||||
(ii) Including interest on retail deposits
| Six months ended 30 June | ||||||||
| 2013 £m | 2012 £m | |||||||
Profit before tax | 273 | 135 | ||||||
Fixed charges: interest expense (B) (1) | 1,601 | 1,865 | ||||||
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|
|
| |||||
Earnings before taxes and fixed charges (A) | 1,874 | 2,000 | ||||||
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|
| |||||
Ratio of earnings to fixed charges (A/B) | 117 | 107 | ||||||
Note:
| (1) | Abbey National Treasury Services plc has no retail deposits |
| (2) | Includes the amortisation of discounts and premiums on debt securities in issue. |
