EX-12 2 dex12.htm STATEMENT RE COMPUTATION OF RATIOS Statement re computation of ratios

Exhibit 12

Statement re computation of ratios

   
 
Fiscal Years Ended
 
 

2001

2000
 

1999

1998
1997

 
 

Income before income taxes

10,116

9,083
 

7,323

5,719
4,877

Capitalized interest

(93
)

(57
)

(41
)

(33
)
(44

)

Minority interest

(129
)

(170
)

(153
)

(78
)
(27

)

Adjusted profit before tax

9,894

8,856

7,129

5,608
4,806

 
 
 
 
 
 
 

Fixed Charges
 
 
 
 
 
 

Debt interest

1,095

756
 

529

555
629

Capital lease interest

279

266
 

268

229
216

Capitalized interest

93

57
 

41

33
44

Interest component of rent

714

458
 

523

477
449

Total fixed expense

2,181

1,537
 

1,361

1,294
1,338

 
 
 
 
 
 
 

Profit before taxes and fixed expenses

12,075

10,393
 

8,490

6,902
6,144

 
 
 
 
 
 
 

Fixed charge coverage

5.54

6.76
 

6.24

5.33
4.59

 
 
 
 
 
 
 
 
 
 
 
 
 
 

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