EX-12.1 2 exhibit_12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit_12-1.htm
           
Exhibit 12.1
             
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
   
Year ended December 31,
    
Six months
ended June 30
 
   
2010
   
2011
   
2012
   
2013
   
2014
   
2015
 
   
(Amounts in thousands of dollars)
 
EARNINGS
                                   
Pre-tax earnings from continuing operations
    1,869       (12,610 )     (19,163 )     (15,437 )     (9,955 )     (9,121 )
Add back:
                                               
Fixed charges
    79       78       81       69       74       41  
      1,948       (12,532 )     (19,082 )     (15,368 )     (9,881 )     (9,080 )
                                                 
FIXED CHARGES
                                               
Interest expensed and capitalized
    3       4       5       -       -       2  
Estimate of interest within rental expense
    76       75       76       69       74       39  
      79       79       81       69       74       41  
                                                 
RATIO OF EARNINGS TO FIXED CHARGES FOR F-3
    24.58x       (12,611 )     (19,163 )     (15,437 )     (9,955 )     (9,121 )