ICI » Topics » Ratio of earnings to fixed charges

This excerpt taken from the ICI 6-K filed Mar 21, 2007.
Ratio of earnings to fixed charges
For the purpose of computing this ratio, earnings consist of the income from continuing operations before taxation of Group companies and income received from companies owned 50% or less, plus fixed charges excluding capitalised interest. Fixed charges consist of interest (including capitalised interest) on all indebtedness, amortisation of debt discount and expense and that portion of rental expense representative of the interest factor.

  Ratio of earnings to fixed charges                    
    2006     2005   2004   2003   2002  













  For the Group              
   (under IFRS) 4.3     4.3   4.8   n/a   n/a  













  For the Group              
   (under UK GAAP) n/a     n/a   3.3 * 1.5 * 2.3 *













  For the Group with              
   adjustments to accord              
   with US GAAP 2.6     3.4   2.2   2.2   0.7  













*Extracted from data in 2004 accounts.  

The deficiency of earnings to fixed charges for the year ended 31 December 2002 was £66m.

 


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