EX-12 4 l30739aexv12.htm EX-12 EX-12
 
Exhibit 12
 
H. J. Heinz Company and Subsidiaries
 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
                                         
    Fiscal Years Ended  
    April 30,
 		    May 2,
 		    May 3,
 		    April 27,
 		    April 28,
 		 
    2008
 		    2007
 		    2006
 		    2005
 		    2004
 		 
    (52 weeks)     (52 weeks)     (53 weeks)     (52 weeks)     (52 weeks)  
 
Fixed Charges:
                                       
Interest expense(a)
  $ 372,050     $ 340,432     $ 323,269     $ 238,069     $ 217,595  
Capitalized interest
    —       —       —       —       —  
Interest component of rental expense
    30,949       30,287       30,184       29,074       30,753  
                                         
Total fixed charges
  $ 402,999     $ 370,719     $ 353,453     $ 267,143     $ 248,348  
                                         
Earnings:
                                       
Income from continuing operations before adjustments for minority interests in consolidated subsidiaries, income or loss from equity investees, and income taxes
  $ 1,229,624     $ 1,138,938     $ 701,938     $ 999,425     $ 1,072,089  
Add: Interest expense(a)
    372,050       340,432       323,269       238,069       217,595  
Add: Interest component of rental expense
    30,949       30,287       30,184       29,074       30,753  
Add: Amortization of capitalized interest
    1,408       2,793       1,818       2,012       1,924  
                                         
Earnings as adjusted
  $ 1,634,031     $ 1,512,450     $ 1,057,209     $ 1,268,580     $ 1,322,361  
                                         
Ratio of earnings to fixed charges
    4.05       4.08       2.99       4.75       5.32  
                                         
 
(a) Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.