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RBS Holdings N.V. – ‘20-F’ for 12/31/15 – EX-7.1

On:  Friday, 4/29/16, at 2:01pm ET   ·   For:  12/31/15   ·   Accession #:  950103-16-12978   ·   File #:  1-14624

Previous ‘20-F’:  ‘20-F’ on 4/30/15 for 12/31/14   ·   Next & Latest:  ‘20-F’ on 4/28/17 for 12/31/16   ·   2 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/29/16  RBS Holdings N.V.                 20-F       12/31/15    9:7.0M                                   Davis Polk & … LLP 01/FA

Annual Report by a Foreign Private Issuer   —   Form 20-F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Private Issuer           HTML   3.43M 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     22K 
 3: EX-4.2      Instrument Defining the Rights of Security Holders  HTML     21K 
 4: EX-7.1      Letter re: Non-Reliance upon a Previously Issued    HTML     10K 
                          Audit Report or Completed Interim Review               
 5: EX-12.1     Statement re: Computation of Ratios                 HTML     10K 
 6: EX-12.2     Statement re: Computation of Ratios                 HTML     10K 
 7: EX-13.1     Annual or Quarterly Report to Security Holders      HTML      8K 
 8: EX-15.1     Letter re: Unaudited Interim Financial Information  HTML      6K 
 9: EX-15.2     Letter re: Unaudited Interim Financial Information  HTML      9K 


EX-7.1   —   Letter re: Non-Reliance upon a Previously Issued Audit Report or Completed Interim Review


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 7.1

 

 

  2015  2014  2013  2012  2011 
Other financial data % % % % %
Dividend payout ratio (1) —  (300.0) —  —  — 
Average owners' equity as a percentage of average total assets 18.8  9.0  4.2  3.3  2.4 
Capital ratio - Tier 1 30.1  24.5  23.2  13.9  12.0 
Capital ratio - Total 42.5  33.9  26.1  19.8  17.5 
Ratio of earnings to fixed charges only (3)          
  – including interest on deposits 0.84  0.83  0.73  0.13  0.89 
  – excluding interest on deposits 0.77  0.71  0.35  —  0.57 

 

Notes:

(1)Dividend payout ratio represents dividends declared on a per share basis as a percentage of net (loss)/profit attributable to ordinary shareholders.

(2)Return on average ordinary shareholders' equity represents profit attributable to ordinary shareholders expressed as a percentage of average ordinary shareholders' equity. Negative ratios have been excluded.

(3)For this purpose, earnings consist of income before tax plus fixed charges. Fixed charges consist of total interest expense, including or excluding interest on deposits. Deposits include banks and total customer accounts. The coverage deficiency for total fixed charges excluding interest on deposits for the year ended 31 December 2015 is €48 million (2014 - €57 million; 2013 - €142 million; 2012 - €887 million; 2011 - €186 million).

 

 

 

 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/27/16  SEC                               UPLOAD9/24/17    1:37K  RBS Holdings N.V.
 8/29/16  SEC                               UPLOAD9/24/17    1:158K RBS Holdings N.V.
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Filing Submission 0000950103-16-012978   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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