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ICI » Topics » Ratio of earnings to fixed charges - continuing operations

These excerpts taken from the ICI 20-F filed Mar 31, 2006.

Ratio of earnings to fixed charges – continuing operations

For the purpose of computing this ratio, earnings consist of Group income from continuing operations before taxation of Group 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.

  Year ended December 31,  
  2005   2004   2003   2002   2001  
Ratio of earnings to fixed charges                    
For the Group (under IFRS) 4.8   4.9   n/a   n/a   n/a  
 
 
For the Group with adjustments to accord with US GAAP 3.4   2.2   0.5   0.9   1.4  
 
 

The deficiency of earnings to fixed charges under US GAAP for the years ended December 31, 2003 and 2002 was £73m and £47m respectively.

Ratio of earnings to fixed charges – continuing operations

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.

  Year ended December 31,  
 
 
  2005   2004   2003   2002   2001  
 
 
 
 
 
 
Ratio of earnings to fixed charges                    
For the Group (under IFRS) 4.8   4.9   n/a   n/a   n/a  
 
 
 
 
 
 
For the Group with adjustments to accord with US GAAP 3.4   2.2   0.5   0.9   1.4  
 
 
 
 
 
 

The deficiency of earnings to fixed charges under US GAAP for the years ended December 31, 2003 and 2002 was £73m and £47m respectively.

This excerpt taken from the ICI 20-F filed Apr 1, 2005.

Ratio of earnings to fixed charges – Continuing operations

For the purpose of computing this ratio, earnings consist of Group income from Continuing operations before taxation of Group 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     2004     2003     2002     2001     2000  
For the Group (UK GAAP)     3.3     1.5     2.3     1.7     2.4  
 
For the Group with adjustments to accord with US GAAP     2.4     0.5     0.9     1.4     —  
 

The deficiency of earnings to fixed charges under US GAAP for the years ended December 31, 2003, 2002 and 2000 was £73m, £47m and £422m respectively.

 

EXCERPTS ON THIS PAGE:

20-F (2 sections)
Mar 31, 2006
20-F
Apr 1, 2005

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