EX-12.1 5 a2117786zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 
  Year ended March 31,
   
 
 
  Three Months
Ended
June 30, 2003

 
 
  1999
  2000
  2001
  2002
  2003
 
 
  (in $ Millions)

   
 
COMPUTATION OF EARNINGS:                          

Pretax income (loss) before adjustment for minority interests in consolidated subsidiaries and income or loss from equity investees

 

1,010

 

1,590

 

-663

 

-1,383

 

-359

 

15

 

Fixed Charges

 

199

 

420

 

449

 

322

 

265

 

53

 

Minority interest in pretax income (loss) of subsidiaries that have not incurred fixed charges

 

0

 

0

 

0

 

2

 

-1

 

0

 
 
Total Earnings

 

1,209

 

2,010

 

-214

 

-1,059

 

-95

 

68

 

COMPUTATION OF FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expensed

 

154

 

352

 

370

 

249

 

193

 

36

 

Estimate of interest within rental expense

 

45

 

68

 

79

 

73

 

72

 

17

 

Total Fixed Charges

 

199

 

420

 

449

 

322

 

265

 

53

 

RATIO OF EARNINGS TO FIXED CHARGES

 

6.08

x

4.79

x

n/a

 

n/a

 

n/a

 

1.28

x

Deficiency of Earnings to Fixed Charges

 


 


 

663

 

1,381

 

360