EX-12.1 2 a2135857zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 
  Year ended March 31,
 
  2000
  2001
  2002
  2003
  2004
 
  (in $ Millions)

COMPUTATION OF EARNINGS:                    
Pretax income (loss) before adjustment for
minority interests in consolidated subsidiaries
and income or loss from equity investees
  1,590   -663   -1,383   -359   -53

Fixed Charges

 

420

 

449

 

322

 

265

 

200

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

 

0

 

0

 

2

 

-1

 

0

Total Earnings

 

2,010

 

-214

 

-1,059

 

-95

 

147

COMPUTATION OF FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

Interest Expensed

 

352

 

370

 

249

 

193

 

136

Estimate of interest within rental expense

 

68

 

79

 

73

 

72

 

64

Total Fixed Charges

 

420

 

449

 

322

 

265

 

200

RATIO OF EARNINGS TO FIXED CHARGES

 

4.79

x

n/a

 

n/a

 

n/a

 

n/a

Deficiency of Earnings to Fixed Charges

 


 

663

 

1,371

 

365

 

53