EX-12.A 7 dex12a.txt COMPUTATION OF RATIOS Exhibit 12(a) GREIF BROS. CORPORATION AND SUBSIDIARY COMPANIES SUMMARY HISTORICAL CONSOLIDATED FINANCIAL AND OTHER DATA (U.S. Dollars in millions)
As of and for the nine months ended July 31 LTM ended As of and for the years ended October 31, Pro Forma July 31, ---------------------------------------- ---------- ----------------------- ------------ 1999 2000 2001 2001 2001 2002 2002 ---- ---- ---- ---- ---- ---- ---- ------------------------------------------------------------------------------------------------------------------------------------ Ratio of eanings to fixed charges: --------------------------------- Earnings: Pretax income from continuing operations 67.3 100.5 128.0 102.3 109.0 21.1 40.1 Fixed charges 13.4 14.3 47.7 64.2 30.8 41.2 58.1 Amortization of capitalized interest 0.1 0.2 0.6 0.6 0.5 0.5 0.6 Distributed income of equity investees - 2.4 2.9 2.9 2.9 2.3 2.3 Less interest capitalized (0.4) (2.5) (2.5) (2.5) (1.5) (0.3) (1.3) Less minority interest - - (0.6) (0.6) (0.4) (0.6) (0.8) --------- ---------- ---------- ---------- ---------- ---------- ---------- 80.4 114.9 176.1 166.9 141.3 64.2 99.0 --------- ---------- ---------- ---------- ---------- ---------- ---------- Fixed charges: Interest expensed* 13.0 11.8 45.2 61.7 29.3 40.9 56.8 Interest capitalized 0.4 2.5 2.5 2.5 1.5 0.3 1.3 --------- ---------- ---------- ---------- ---------- ---------- ---------- 13.4 14.3 47.7 64.2 30.8 41.2 58.1 --------- ---------- ---------- ---------- ---------- ---------- ---------- Ratio of earnings to fixed charges 6.0x 8.0x 3.7x 2.6x 4.6x 1.6x 1.7x ========= ========== ========== ========== ========== ========== ==========
* Includes amortization of capitalized expenses related to indebtedness.