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).
|
|
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 |