EX-7.2 4 d845985dex72.htm EX-7.2 EX-7.2

EXHIBIT 7.2

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

Effective January 1, 2014, TOTAL changed the presentation currency of the Group’s Consolidated Financial Statements from the Euro to the US Dollar. Comparative 2013, 2012, 2011 and 2010 information in the table below has been restated. For more information, see the Introduction to TOTAL’s 2014 Consolidated Financial Statements.

 

     Years Ended December 31,  

(Amounts in millions of U.S. dollars)

   2014      2013     2012      2011     2010  

Net income(a)(b)

     4,244         11,228        13,648         17,400        14,740   

Income tax expenses(a)(b)

     8,614         14,767        16,747         19,614        13,583   

Non-controlling interests

     6         293        188         424        313   

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

     29         (775     272         (149     (623

Interest expensed

     536         656        649         862        551   

Estimate of the interest within rental expense

     406         357        334         299        268   

Amortization of capitalized interest

     160         135        205         280        317   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total(a)(b)

  13,995      26,661      32,043      38,730      29,149   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Interest expensed

  536      656      649      862      551   

Capitalized interest

  341      349      333      245      156   

Estimate of the interest within rental expense

  406      357      334      299      268   

Preference security dividend requirements of consolidated subsidiaries

  —        —        —        —        —     
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Fixed charges

  1,283      1,362      1,316      1,406      975   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges(a)(b)

  10.91      19.57      24.35      27.55      29.90   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

(a)  Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014.
(b)  Figures for 2012, 2011 and 2010 have been restated pursuant to the retrospective application of the revised accounting standard IAS 19 from January 1, 2013.