EX-7 3 d849894dex7.htm EX-7

Exhibits 19.5

19.5 Exhibit 7

Philips Group

Unaudited calculation of ratio of earnings to fixed charges in millions of EUR unless otherwise stated

2010 - 2014

|  | 2010 |  |  | 2011 |  |  | 2012 |  |  | 2013 |  |  | 2014 |
Income (loss) before taxes |  |  | 1,395 |  |  |  | (872 | ) |  |  | 263 |  |  |  | 1,525 |  |  |  | 185 |
Fixed charges |  |  | 362 |  |  |  | 353 |  |  |  | 401 |  |  |  | 366 |  |  |  | 338 |
Dividend received from associates |  |  | 19 |  |  |  | 44 |  |  |  | 15 |  |  |  | 6 |  |  |  | 41 |
Total earnings |  |  | 1,776 |  |  |  | (475 | ) |  |  | 679 |  |  |  | 1,897 |  |  |  | 564 |
Interest paid to third party on loans and borrowings |  |  | 263 |  |  |  | 245 |  |  |  | 271 |  |  |  | 245 |  |  |  | 224 |
Costs related to indebtedness |  |  | 16 |  |  |  | 14 |  |  |  | 12 |  |  |  | 9 |  |  |  | 9 |
Interest included in capital lease payments |  |  | 2 |  |  |  | 3 |  |  |  | 7 |  |  |  | 7 |  |  |  | 7 |
One third of rental expense (being that portion of rental expense representative of the interest factor) |  |  | 81 |  |  |  | 91 |  |  |  | 111 |  |  |  | 105 |  |  |  | 98 |
Total fixed charges |  |  | 362 |  |  |  | 353 |  |  |  | 401 |  |  |  | 366 |  |  |  | 338 |
Ratio of earnings to fixed charges |  |  | 4.9 |  |  |  | 828 | 1) |  |  | 1.7 |  |  |  | 5.2 |  |  |  | 1.7 |

1) | The dollar amount of the deficiency

Annual Report 2014 293