EX-12.2 2 a15-22780_1ex12d2.htm EX-12.2

Exhibit 12.2

 

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2014

 

2013(1)

 

2012(1) (2)

 

2011(1) (2)

 

2010(1)

 

 

 

(in $ millions)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before taxes

 

7,003

 

9,516

 

12,272

 

10,807

 

11,236

 

10,066

 

10,323

 

- Income from associated companies

 

(256

)

(1338

)

(1,918

)

(599

)

(549

)

(526

)

(798

)

Income from continuing operations before taxes (after eliminating our share of income from associated companies)

 

6,747

 

8,178

 

10,354

 

10,208

 

10,687

 

9,540

 

9,525

 

+ Fixed charges

 

580

 

601

 

818

 

798

 

844

 

875

 

796

 

+ Dividends from associated companies

 

431

 

473

 

478

 

443

 

421

 

397

 

568

 

Total EARNINGS

 

7,758

 

9,252

 

11,650

 

11,449

 

11,952

 

10,812

 

10,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

497

 

516

 

704

 

683

 

724

 

751

 

692

 

Interest within rental expense (1/3 of rental)

 

83

 

85

 

114

 

115

 

120

 

124

 

104

 

Total FIXED CHARGES

 

580

 

601

 

818

 

798

 

844

 

875

 

796

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

13.4

 

15.4

 

14.2

 

14.3

 

14.2

 

12.4

 

13.7

 

 


(1)         Figures for 2013, 2012, 2011 and 2010 differ from previously published information and have been restated to reflect the implications of the presentation of continuing operations as described in more detail for the years 2013 and 2012 under Item 18. Financial Statements — Note 30 in our Annual Report on Form 20-F for the year ended December 31, 2014.

 

(2)         Figures for 2011 and 2012 have been restated to reflect the adoption of revised IAS 19 on Employee Benefits.