EX-12 5 exh12.txt Exhibit 12 THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -------------------------------------------------------------
Fiscal Year Ended September 30, --------------------------------------------- 2003 2002 2001 2000 1999 ---- ---- ---- ---- ---- (Thousands of Dollars) Income before interest charges and income taxes $80,185 $60,440 $73,742 $64,078 $61,016 Add: One third of Applicable rentals charged to operating expense (which approximates the interest factor) 2,873 2,662 313 310 301 ------------------------------------------------------------------------- Total Earnings $83,058 $63,102 $74,055 $64,388 $61,317 ========================================================================= Interest on long-term debt $20,169 $20,820 $18,372 $15,164 $13,966 Other Interest 6,717 4,989 10,067 8,844 6,627 Add: One third of Applicable rentals charged to operating expense (which approximates the interest factor) 2,873 2,662 313 310 301 ------------------------------------------------------------------------- Total Fixed Charges $29,759 $28,471 $28,752 $24,318 $20,894 ========================================================================= Ratio of Earnings to Fixed Charges 2.79 2.22 2.58 2.65 2.93
LACLEDE GAS COMPANY SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -------------------------------------------------------------
Fiscal Year Ended September 30, --------------------------------------------- 2003 2002 2001 2000 1999 ---- ---- ---- ---- ---- (Thousands of Dollars) Income before interest charges and income taxes $76,274 $56,154 $73,742 $64,078 $61,016 Add: One third of Applicable rentals charged to operating expense (which approximates the interest factor) 457 315 313 310 301 ------------------------------------------------------------------------- Total Earnings $76,731 $56,469 $74,055 $64,388 $61,317 ========================================================================= Interest on long-term debt $20,169 $20,820 $18,372 $15,164 $13,966 Other Interest 3,752 4,285 10,067 8,844 6,627 Add: One third of Applicable rentals charged to operating expense (which approximates the interest factor) 457 315 313 310 301 ------------------------------------------------------------------------- Total Fixed Charges $24,378 $25,420 $28,752 $24,318 $20,894 ========================================================================= Ratio of Earnings to Fixed Charges 3.15 2.22 2.58 2.65 2.93
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