Registration Statement of a Foreign Private Issuer for Securities Issued in a Business-Combination Transaction — Form F-4
Filing Table of Contents
Document/Exhibit Description Pages Size
1: F-4 Registration Statement of a Foreign Private Issuer 251 1.21M
for Securities Issued in a
Business-Combination Transaction
2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, 41 134K
Liquidation or Succession
11: EX-2.10 Plan of Acquisition, Reorganization, Arrangement, 6 19K
Liquidation or Succession
12: EX-2.11 Plan of Acquisition, Reorganization, Arrangement, 148 423K
Liquidation or Succession
13: EX-2.12 Plan of Acquisition, Reorganization, Arrangement, 71 176K
Liquidation or Succession
3: EX-2.2 Plan of Acquisition, Reorganization, Arrangement, 50 127K
Liquidation or Succession
4: EX-2.3 Plan of Acquisition, Reorganization, Arrangement, 66 158K
Liquidation or Succession
5: EX-2.4 Plan of Acquisition, Reorganization, Arrangement, 66 161K
Liquidation or Succession
6: EX-2.5 Plan of Acquisition, Reorganization, Arrangement, 35 60K
Liquidation or Succession
7: EX-2.6 Plan of Acquisition, Reorganization, Arrangement, 12 25K
Liquidation or Succession
8: EX-2.7 Plan of Acquisition, Reorganization, Arrangement, 9 25K
Liquidation or Succession
9: EX-2.8 Plan of Acquisition, Reorganization, Arrangement, 10 23K
Liquidation or Succession
10: EX-2.9 Plan of Acquisition, Reorganization, Arrangement, 9 25K
Liquidation or Succession
14: EX-3.1 Articles of Incorporation/Organization or By-Laws 39 106K
15: EX-3.2 Articles of Incorporation/Organization or By-Laws 26 85K
16: EX-3.3 Articles of Incorporation/Organization or By-Laws 14 56K
17: EX-3.4 Articles of Incorporation/Organization or By-Laws 26 70K
18: EX-4.1 Instrument Defining the Rights of Security Holders 129 533K
19: EX-4.3 Instrument Defining the Rights of Security Holders 20 91K
20: EX-5.1 Opinion re: Legality 4 21K
21: EX-10.1 Material Contract 28 123K
30: EX-10.10 Material Contract 1 15K
31: EX-10.11 Material Contract 1 15K
32: EX-10.12 Material Contract 8 33K
22: EX-10.2 Material Contract 107 523K
23: EX-10.3 Material Contract 34 120K
24: EX-10.4 Material Contract 23 62K
25: EX-10.5 Material Contract 54 144K
26: EX-10.6 Material Contract 29 56K
27: EX-10.7 Material Contract 28 54K
28: EX-10.8 Material Contract 10 46K
29: EX-10.9 Material Contract 1 15K
33: EX-12.1 Statement re: Computation of Ratios 3± 24K
34: EX-21.1 Subsidiaries of the Registrant 14 47K
35: EX-23.2 Consent of Experts or Counsel 1 14K
36: EX-24.1 Power of Attorney 9 45K
37: EX-25.1 Form T-1 5 29K
38: EX-99.1 Miscellaneous Exhibit 15 78K
39: EX-99.2 Miscellaneous Exhibit 3 21K
EX-12.1 — Statement re: Computation of Ratios
| EX-12.1 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit 12.1
WILLIS CORROON GROUP LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
HISTORICAL
------------------------------------------------------------------------
JANUARY 1 TO
YEAR ENDED DECEMBER 31 SEPTEMBER 1
-------------------------------------------------------- --------------
1994 1995 1996 1997 1998
-------------------------------------------------------- --------------
(L MILLION EXCEPT RATIOS)
UK GAAP
Income/(loss) before tax........................... 8.3 62.4 91.6 95.5 (1.3)
Less: Profit of associates......................... (5.9) (6.8) (3.5) (1.9) (7.7)
Add: Dividends from associates..................... 5.1 5.9 1.5 0.9 1.9
---- ---- ----- ----- -----
Adjusted income/(loss) before tax (A).............. 7.5 61.5 89.6 94.5 (7.1)
---- ---- ----- ----- -----
Interest expense................................... 6.4 7.2 2.2 0.7 (2.0)
Amortisation of debt expense....................... -- -- -- -- --
Interest element of operating lease rental expense. 11.3 11.5 11.3 9.2 6.3
---- ---- ----- ----- -----
Fixed Charges (B).................................. 17.7 18.7 13.5 9.9 4.3
---- ---- ----- ----- -----
---- ---- ----- ----- -----
Earnings (A)+(B)................................... 25.2 80.2 103.1 104.4 (2.8)
==== ==== ===== ===== =====
Ratio of Earnings to Fixed Charges................. 1.4 4.3 7.6 10.5 --
Deficiency of earnings to fixed charges............ 7.1
US GAAP
Income/(loss) before tax........................... 43.1 1.5 74.7 66.5 (5.1)
Less: Profit of associates......................... (5.9) (6.8) (3.5) (1.9) (7.7)
Add: Dividends from associates..................... 5.1 5.9 1.5 0.9 1.9
---- ---- ----- ----- -----
Adjusted income/(loss) before tax (A).............. 42.3 0.6 72.7 65.5 (10.9)
---- ---- ----- ----- -----
Interest expense................................... 6.4 7.2 2.2 0.7 (2.0)
Amortisation of debt expense....................... -- -- -- -- --
Interest element of operating lease rental expense. 11.3 11.5 11.3 9.2 6.3
---- ---- ----- ----- -----
Fixed Charges (B).................................. 17.7 18.7 13.5 9.9 4.3
---- ---- ----- ----- -----
---- ---- ----- ----- -----
Earnings (A)+(B)................................... 60.0 19.3 86.2 75.4 (6.6)
==== ==== ===== ===== =====
Ratio of Earnings to Fixed Charges................. 3.4 1.0 6.4 7.6 --
Deficiency of earnings to fixed charges............ 10.9
HISTORICAL PRO FORMA
------------------------------- -------------
SEPTEMBER 2 TO YEAR ENDED YEAR ENDED
DECEMBER 31 DECEMBER 31 DECEMBER 31
------------------------------- -------------
1998 1998 1998
------------------------------- -------------
(L MILLION EXCEPT RATIOS)
UK GAAP
Income/(loss) before tax........................... 17.1 15.8 (30.8)
Less: Profit of associates......................... 1.4 (6.3) (6.7)
Add: Dividends from associates..................... 0.5 2.4 2.4
---- ---- -----
Adjusted income/(loss) before tax (A).............. 19.0 11.9 (35.1)
---- ---- -----
Interest expense................................... (1.2) (3.2) 51.5
Amortisation of debt expense....................... -- -- 1.9
Interest element of operating lease rental expense. 3.1 9.5 9.5
---- ---- -----
Fixed Charges (B).................................. 1.9 6.3 62.9
---- ---- -----
---- ---- -----
Earnings (A)+(B)................................... 20.9 18.2 27.8
==== ==== =====
Ratio of Earnings to Fixed Charges................. 10.9 2.9 --
Deficiency of earnings to fixed charges............ 35.1
US GAAP
Income/(loss) before tax........................... 5.2 (50.5)
Less: Profit of associates......................... 1.4 (6.7)
Add: Dividends from associates..................... 0.5 2.4
---- -----
Adjusted income/(loss) before tax (A).............. 7.1 (54.8)
---- -----
Interest expense................................... (1.2) 51.5
Amortisation of debt expense....................... -- 1.9
Interest element of operating lease rental expense. 3.1 9.5
---- -----
Fixed Charges (B).................................. 1.9 62.9
---- -----
---- -----
Earnings (A)+(B)................................... 9.0 8.1
==== =====
Ratio of Earnings to Fixed Charges................. 4.7 --
Deficiency of earnings to fixed charges............ 54.8
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