EX-7.1 17 dex71.txt COMPUTATION OF THE RATIO OF EARNINGS PART III ITEM 19 : EXHIBITS -------------------------------------------------------------------------------- EXHIBIT 7.1 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
JUNE 30 JUNE 30 JUNE 30 A$ MILLIONS 2002 2001 2000 ------------------------------------------------------------------------------------------------------------------ AUSTRALIAN GAAP (A) Operating profit before tax from continuing operations (including non-recurring items) (32.8) (91.1) (35.3) ------------------------------ Net Interest Expense 54.7 99.4 102.5 50% of SPT Total Interest/(1)/ 5.8 9.1 8.6 ------------------------------ (B) Total Fixed Charges 60.5 108.5 111.1 (C) Total (A) plus (B) 27.7 17.4 75.8 ------------------------------ Ratio of (C) to (B) 0.46 0.16 0.68 ------------------------------ US GAAP US GAAP Profit after tax from continuing operations (75.1) (223.0) (31.0) Operating profit tax expense 26.9 147.2 2.6 Minority Interest 2.8 3.6 4.1 ------------------------------ US GAAP Profit before Tax (45.4) (72.2) (24.3) (B) Add: Total fixed charges as above 60.5 108.5 111.1 (D) Total 15.1 36.3 86.8 ------------------------------ Ratio of (D) to (B) 0.25 0.33 0.78 ------------------------------
/(1)/ 50% owned entities SPT represents the South Pacific Tyres joint venture