EX-12.2 4 m07126rgex12-2.txt EXHIBIT 12.2 EXHIBIT 12.2 ALCAN INC. COMPUTATION OF EARNINGS TO FIXED CHARGES US GAAP (IN MILLIONS OF US DOLLARS)
THREE YEAR MONTHS ENDED ---------------------------------------- MARCH 31, 2002 2001 2000 1999 1998 1997 -------------- ---------------------------------------- Consolidated net income (loss) before Extraordinary item 153 (54) 606 455 417 504 Less: Equity income of less than 50% owned companies 1 3 4 (1) (48) (33) Plus: Dividends received from less than 50% owned companies 0 2 1 1 5 6 Plus: Minority interest of subsidiaries that have fixed charges 0 (13) (1) 14 (4) 4 ---------------------------------------------------- SUBTOTAL 152 (68) 602 471 466 547 ---------------------------------------------------- FIXED CHARGES Amount representative of interest factor in Rentals 5 24 19 19 28 23 Amount representative of interest factor in rentals, 50% owned companies 0 0 0 0 0 0 Interest expense - net 50 254 78 76 92 101 Interest expense, 50% owned companies 0 0 0 0 0 0 Capitalized interest 0 30 81 41 15 2 Capitalized interest, 50% owned companies 0 0 0 0 0 0 ---------------------------------------------------- TOTAL FIXED CHARGES 55 308 178 136 135 126 ==================================================== Less: Capitalized interest 0 30 81 41 15 2 ==================================================== FIXED CHARGES ADDED TO INCOME/(LOSS) 55 278 97 95 120 124 ==================================================== Plus: Amortization of capitalized interest 6 25 21 18 15 16 ==================================================== Income taxes 110 7 259 211 210 211 ==================================================== EARNINGS BEFORE FIXED CHARGES AND INCOME TAXES 323 242 979 795 811 898 ==================================================== RATIO OF EARNINGS TO FIXED CHARGES 5.87 0.79 5.50 5.85 6.01 7.13 ====================================================