BP 2007 Annual Report Download - page 178
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176
51 Computation of ratio of earnings to fixed charges
$ million, except ratios
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For the year ended 31 December 2007 2006 2005
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Profit before taxation 31,611 34,642 31,921
Group’s share of income in excess of dividends from equity-accounted entities (1,359) – (710)
Capitalized interest, net of amortization (183) (341) (193)
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30,069 34,301 31,018
Fixed charges
Interest expense 1,110 718 559
Rental expense representative of interest 1,033 946 605
Capitalized interest 323 478 351
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2,466 2,142 1,515
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Total adjusted earnings available for payment of fixed charges 32,535 36,443 32,533
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Ratio of earnings to fixed charges 13.2 17.0 21.5