EX-12.1 5 exhibit12-1.htm STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES Net 1 UEPS Technologies, Inc. - Exhibit 12.1 - Filed by newsfilecorp.com

EXHIBIT 12

Statement regarding computation of ratio of earnings to fixed charges

    Year ended June 30,  
    2012       2011       2010       2009       2008  
    (in thousands, except for ratio of earnings to fixed charges)  
                                       
Fixed charges                                      
Interest expensed and capitalized $ 9,345     $ 8,672     $ 1,047     $ 9,462     $ 11,689  
Amortized premiums, discounts and capitalized expenses related to indebtedness   -       -       -       -       -  
Estimate of the interest within rental expense   678       628       472       365       381  
Preference security dividend requirements of consolidated subsidiaries   -       -       -       -       -  
                                       
   Fixed charges   10,023       9,300       1,519       9,827       12,070  
                                       
Earnings                                      
Add   70,404       45,710       80,399       140,747       138,178  
Pretax income from continuing operations before adjustment for non-controlling
interests in consolidated subsidiaries or income or loss from equity investees
  60,381       36,410       78,880       130,920       126,108  
Fixed charges   10,023       9,300       1,519       9,827       12,070  
Amortization of capitalized interest   -       -       -       -       -  
Distributed income of equity investees   -       -       -       -       -  
Your share of pre-tax losses of equity investees for which charges arising from
guarantees are included in fixed charges
  -       -       -       -       -  
                                       
Less   -                                  
Interest capitalized   -       -       -       -       -  
Preference security dividend requirements of consolidated subsidiaries   -       -       -       -       -  
Non-controlling interest in pre-tax income of subsidiaries that have not incurred
fixed charges
  -       -       -             -  
                                       

    Earnings

$ 70,404     $ 45,710     $ 80,399     $ 140,747     $ 138,178  
                                       
Ratio of earnings to fixed charges   7.02       4.92       52.93       14.32       11.45