EX-12.1 2 d511329dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Domtar Corporation

Computation of ratio of earnings to fixed charges

(In millions of dollars, unless otherwise noted)

 

     Three months ended  
     March 31,
2013		      March 31,
2012		  
     $      $  

Available earnings:

      

Earnings before income taxes and equity earnings

      24         38   

Add fixed charges:

      

Interest expense incurred

      22         19   

Amortization of debt expense and discount

      1         5   

Interest portion of rental expense (1)

      3         2   
  

 

 

     

 

 

  

Total earnings as defined

      50         64   
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense incurred

      22         19   

Amortization of debt expense and discount

      1         5   

Interest portion of rental expense (1)

      3         2   
  

 

 

     

 

 

  

Total fixed charges

      26         26   

Ratio of earnings to fixed charges

      1.9         2.5   
  

 

 

     

 

 

  

 

(1) 

Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e. 1/3 of rental expense).