EX-7 6 d145196dex7.htm EX-7

Exhibits 19.8

19.8 Exhibit 7

Philips Group

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

2011 - 2015

|  | 2011 |  |  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2015 |
Income (loss) before taxes |  |  | (872 | ) |  |  | 263 |  |  |  | 1,525 |  |  |  | 185 |  |  |  | 623 |
Fixed charges |  |  | 353 |  |  |  | 401 |  |  |  | 366 |  |  |  | 338 |  |  |  | 391 |
Dividend received from associates |  |  | 44 |  |  |  | 15 |  |  |  | 6 |  |  |  | 41 |  |  |  | 17 |
Total earnings |  |  | (475 | ) |  |  | 679 |  |  |  | 1,897 |  |  |  | 564 |  |  |  | 1,031 |
Interest paid to third-party on loans and borrowings |  |  | 245 |  |  |  | 271 |  |  |  | 245 |  |  |  | 224 |  |  |  | 271 |
Costs related to indebtedness |  |  | 14 |  |  |  | 12 |  |  |  | 9 |  |  |  | 9 |  |  |  | 14 |
Interest included in capital lease payments |  |  | 3 |  |  |  | 7 |  |  |  | 7 |  |  |  | 7 |  |  |  | 7 |
One third of rental expense (being that portion of rental expense representative of the interest factor) |  |  | 91 |  |  |  | 111 |  |  |  | 105 |  |  |  | 98 |  |  |  | 100 |
Total fixed charges |  |  | 353 |  |  |  | 401 |  |  |  | 366 |  |  |  | 338 |  |  |  | 392 |
Ratio of earnings to fixed charges |  |  | 828 | 1) |  |  | 1.7 |  |  |  | 5.2 |  |  |  | 1.7 |  |  |  | 2.6 |

1) | The dollar amount of the deficiency

304 Annual Report 2015