EX-12 7 a07-7958_1ex12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12

NEENAH PAPER, INC. AND SUBSIDIARIES

STATEMENT REGARDING THE COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions, except ratio of earnings to fixed charges)

 

 

Year Ended December 31,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

Income from continuing operations before taxes

 

$

151.9

 

$

35.2

 

$

84.4

 

$

76.5

 

$

102.7

 

Plus fixed charges

 

20.1

 

18.9

 

1.7

 

0.2

 

0.3

 

Numerator

 

$

172.0

 

$

54.1

 

$

86.1

 

$

76.7

 

$

103.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (including amortization of debt issuance costs)

 

$

19.4

 

$

18.5

 

$

1.4

 

$

—

 

$

—

 

Interest portion of rent expense

 

0.7

 

0.4

 

0.3

 

0.2

 

0.3

 

Fixed charges

 

$

20.1

 

$

18.9

 

$

1.7

 

$

0.2

 

$

0.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

8.6

x

2.9

x

50.6

x

383.5

x

343.3

x