EX-99.4 5 ltotal_ex99-4.htm EXHIBIT 99.4 TOTAL S.A. EXHIBIT 99.4

Exhibit 99.4

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

 

    Three Months
Ended March 31,		     Years Ended December 31,  
(Amounts in millions of dollars)   2018     2017     2017     2016     2015     2014     2013  
Net income(a)     2,636       2,849       8,631       6,196       5,087       4,244       11,228  
Income tax expenses(a)     1,596       693       3,029       970       1,653       8,614       14,767  
Non-controlling interests     13       (70)       (332)       10       (301)       6       293  
Equity in income of affiliates (in excess of)/ less than dividends received     (259)       (295)       42       (643)       (311)       29       (775)  
Interest expensed     294       229       1,000       734       742       536       656  
Estimate of the interest within rental expense     122       136       489       543       477       406       357  
Amortization of capitalized interest     49       58       191       161       174       160       135  
Total(a)     4,451       3,600       13,050       7,971       7,521       13,995       26,661  
Interest expensed     294       229       1,000       734       742       536       656  
Capitalized interest     132       121       475       481       362       341       349  
Estimate of the interest within rental expense     122       136       489       543       477       406       357  
Preference security dividend requirements of consolidated subsidiaries     —       —       —       —       —       —       —  
Fixed charges     548       486       1,964       1,758       1,581       1,283       1,362  
Ratio of earnings to fixed charges(a)     8.12       7.41       6.64       4.53       4.76       10.91       19.57  

 

 

 

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