EX-99.1 2 d528712dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Computation of ratio of earnings to fixed charges

 

 

     First quarter
2013
$ million
except ratio
 

Earnings available for fixed charges:

  

Pre-tax income from continuing operations before adjustment for income or loss from joint ventures and associated

     19,325   

Fixed charges

     752   

Amortization of capitalized interest

     57   

Distributed income of joint ventures and associates

     209   

Interest capitalized

     (61

Preference dividend requirements, gross of tax

     (1

Non-controlling interest of subsidiaries’ loss (income) not incurring fixed charges

     (4
  

 

 

 

Total earnings available for fixed charges

     20,277   
  

 

 

 

Fixed charges:

  

Interest expensed

     227   

Interest capitalized

     61   

Rental expense representative of interest

     463   

Preference dividend requirements, gross of tax

     1   
  

 

 

 

Total fixed charges

     752   
  

 

 

 

Ratio of earnings to fixed charges

     27.0