EX-12 2 k97056exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
General Motors Acceptance Corporation

Ratio of Earnings to Fixed Charges

                 
Six Months Ended June 30, ($ in millions)
   2005
   2004
 
                
Earnings
                
Consolidated net income
   $ 1,544     $ 1,610  
Provision for income taxes
     771       946  
Minority interest in consolidated subsidiaries and (income)/loss from equity investees
     5       1  
 
    
 		      
 		  
Consolidated income before income taxes, minority interest and (income)/loss from equity investees
     2,320       2,557  
Fixed charges
     5,976       4,476  
 
    
 		      
 		  
Earnings available for fixed charges
     8,296       7,033  
Fixed charges
                
Interest, discount, and issuance expense on debt
     5,926       4,433  
Portion of rentals representative of the interest factor
     50       43  
 
    
 		      
 		  
Total fixed charges
   $ 5,976     $ 4,476  
Ratio of earnings to fixed charges
     1.39       1.57