EX-99.4 5 a14-17824_1ex99d4.htm EX-99.4

Exhibit 99.4

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

 

 

 

Six Months
Ended June 30,

 

(Amounts in millions of U.S. dollars)

 

2014

 

2013

 

Net income*

 

6,564

 

5,428

 

Income tax expenses

 

6,499

 

7,204

 

Non-controlling interests

 

125

 

116

 

Equity in income of affiliates (in excess of)/ less than dividends received

 

(114

)

(372

)

Interest expensed

 

361

 

359

 

Estimate of the interest within rental expense

 

184

 

171

 

Amortization of capitalized interest

 

74

 

73

 

 

 

 

 

 

 

Total

 

13,693

 

12,979

 

 

 

 

 

 

 

Interest expensed

 

361

 

359

 

Capitalized interest

 

166

 

157

 

Estimate of the interest within rental expense

 

184

 

171

 

Preference security dividend requirements of consolidated subsidiaries

 

 

 

 

 

 

 

 

 

Fixed charges

 

711

 

687

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

19.26

 

18.89

 

 


*       Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014.