EX-12 6 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Computation of Ratio of Earnings to Fixed Charges.

Exhibit 12

 

Limited Brands, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Millions)

 

     For the Fiscal Years Ended
     January 29,
2005
    January 31,
2004
    February 1,
2003
    February 2,
2002
    February 3,
2001

Earnings:

                                   

Income from continuing operations before income taxes and minority interest

    $ 1,116    $ 1,166    $ 843    $ 946    $ 795

Fixed charges

      225      228      197      199      225

Distributions from equity method investments, net of income or loss from equity investees

      11      17      39      28      9
    
  
  
  
  

Total earnings

    $ 1,352    $ 1,411    $ 1,079    $ 1,173    $ 1,029
    
  
  
  
  

Fixed charges:

                                   

Portion of minimum rent representative of interest

    $ 167    $ 166    $ 167    $ 165    $ 167

Interest on indebtedness

      58      62      30      34      58
    
  
  
  
  

Total fixed charges

    $ 225    $ 228    $ 197    $ 199    $ 225
    
  
  
  
  

Ratio of earnings to fixed charges

      6.0      6.2      5.5      5.9      4.6