EX-99.4 5 a14-23215_1ex99d4.htm EX-99.4

Exhibit 99.4

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

 

 

 

Nine Months
Ended September 30,

 

(Amounts in millions of U.S. dollars)

 

2014

 

2013

 

Net income*

 

9,902

 

8,994

 

Income tax expenses

 

9,336

 

11,015

 

Non-controlling interests

 

190

 

200

 

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

 

(374

)

(673

)

Interest expensed

 

475

 

537

 

Estimate of the interest within rental expense

 

273

 

257

 

Amortization of capitalized interest

 

112

 

117

 

 

 

 

 

 

 

Total

 

19,914

 

20,447

 

 

 

 

 

 

 

Interest expensed

 

475

 

537

 

Capitalized interest

 

247

 

245

 

Estimate of the interest within rental expense

 

273

 

257

 

Preference security dividend requirements of consolidated subsidiaries

 

—

 

—

 

 

 

 

 

 

 

Fixed charges

 

995

 

1,039

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

20.01

 

19.68

 

 

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