Exhibit 7.1
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
(In thousands of Mexican pesos)
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
IFRS | ||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest capitalized in fixed assets | 3,667,752 | 5,258,854 | 3,997,121 | 2,943,597 | 2,110,075 | |||||||||||||||
Interest expense | 132,681,656 | 99,271,197 | 73,657,618 | 54,067,022 | 72,951,202 | |||||||||||||||
Amortization premiums related to indebtedness | (1,610,183 | ) | (2,229,657 | ) | 312,296 | (1,890,710 | ) | 1,560,478 | ||||||||||||
Estimate of the interest within rental expense | 500,654 | 450,760 | 242,436 | 159,380 | 214,041 | |||||||||||||||
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Total Fixed Charges | 135,239,879 | 102,681,154 | 78,209,471 | 55,279,289 | 76,835,796 | |||||||||||||||
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Net income (loss) | (191,144,342 | ) | (712,567,398 | ) | (265,542,989 | ) | (170,058,427 | ) | 2,600,478 | |||||||||||
Hydrocarbon Income Tax (IRP) | — | — | (18,735,301 | ) | 3,787,543 | 2,392,919 | ||||||||||||||
Income Tax and Others | (40,291,940 | ) | (45,587,267 | ) | 3,773,966 | 3,672,466 | 2,138,856 | |||||||||||||
Cumulative effect of adoption of new accounting standards | — | — | — | — | — | |||||||||||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (2,135,845 | ) | (2,318,115 | ) | (34,368 | ) | (706,710 | ) | (4,797,607 | ) | ||||||||||
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Pretax income from continuing operations before income from equity investees | (233,572,127 | ) | (760,472,780 | ) | (280,538,692 | ) | (163,305,128 | ) | 2,334,646 | |||||||||||
Fixed Charges: | 135,239,879 | 102,681,154 | 78,209,471 | 55,279,289 | 76,835,796 | |||||||||||||||
Amortization of interest capitalized | 146,710 | 210,354 | 159,885 | 117,744 | 84,403 | |||||||||||||||
Distributed income of investments shares | 293,397 | 359,941 | 736,302 | 914,116 | 685,704 | |||||||||||||||
Interest capitalized in fixed assets | (3,667,752 | ) | (5,258,854 | ) | (3,997,121 | ) | (2,943,597 | ) | (2,110,075 | ) | ||||||||||
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Earnings | (101,559,893 | ) | (662,480,185 | ) | (205,430,155 | ) | (109,937,576 | ) | 77,830,474 | |||||||||||
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Amount by which fixed charges exceed earnings | 236,799,772 | 765,161,339 | 283,639,626 | 165,216,865 | — | |||||||||||||||
Ratio of earnings to fixed charges | — | — | — | — | 1.01 |