EX-12 3 ex12final.htm COMPUTATION OF RATIOS

EXHIBIT 12

Statement re computation of ratios

 

Fiscal Years Ended

 

2002

2001

2000

1999

1998

Income before income taxes,
  minority interest, and
  cumulative effect of
  accounting change

10,751

10,116

9,083

7,323

5,719

Capitalized interest

(130)

(93)

(57)

(41)

(33)

Minority interest

(183)

(129)

(170)

(153)

(78)

Adjusted profit before tax*

10,438

9,894

8,856

7,129

5,608

 
Fixed Charges
    Debt interest

1,052

1,095

756

529

555

    Capital lease interest

274

279

266

268

229

    Capitalized interest

130

93

57

41

33

    Interest component of
      rent

834

714

458

523

477

    Total fixed expense

2,290

2,181

1,537

1,361

1,294

 
Profit before taxes and fixed
  expenses

12,728

12,075

10,393

8,490

6,902

 
Fixed charge coverage

5.56

5.54

6.76

6.24

5.33

* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000