EX-7 9 phg-exhibit7.htm

## Exhibit 7

### Ratio of earnings to fixed charges

Prior-period amounts have been restated for the treatment of the segment Lighting as a discontinued operation (see Discontinued operations and assets classified as held for sale).

Philips Group
Unaudited calculation of ratio of earnings to fixed charges
in millions of EUR unless otherwise stated
2013 - 2017

| 2013 | 2014 | 2015 | 2016 | 2017
Income (loss) before taxes | 1,297 | 167 | 299 | 1,023 | 1,381
Fixed charges | 350 | 318 | 369 | 388 | 275
Dividend received from associates | 6 | 41 | 15 | 48 | 6
Total earnings | 1,653 | 526 | 683 | 1,458 | 1,662
Interest paid to third-party on loans and borrowings | 244 | 222 | 267 | 288 | 178
Costs related to indebtedness | 9 | 9 | 13 | 19 | 14
Interest included in capital lease payments | 6 | 6 | 6 | 7 | 8
One third of rental expense (being that portion of rental expense representative of the interest factor) | 91 | 81 | 83 | 74 | 76
Total fixed charges | 350 | 318 | 369 | 388 | 275
Ratio of earnings to fixed charges | 4.7 | 1.7 | 1.8 | 3.8 | 6.0