EX-12.01 2 utahmedicals3ex12-01.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES utahmedicals3ex12-01.htm


Exhibit 12.01
 

Utah Medical Products, Inc.
 
Exhibit 12 to Registration Statement on Form S-3
 
Calculation of ratio of earnings to fixed charges pursuant to Item 503(d) of Regulation S-K
 
                                     
   
Six months
                               
   
ended
   
Year ended December 31,
   
6/30/2008
   
2007
   
2006
   
2005
   
2004
   
2003
 
Fixed charges
                                   
(a) interest expensed and capitalized
  $ 125,848     $ 270,315     $ 254,807     $ 9,767     $ -     $ 46,803  
(b)  amortized premiums, discounts and caaitalized expenses related to indebtedness
    -       -       -       -       -       -  
(c) estimated interest within rental expense
    28,372       56,048       54,998       53,972       54,191       52,748  
(d)  preference security dividend requirements of subsidiaries
    -       -       -       -       -       -  
      Total fixed charges
  $ 154,220     $ 326,363     $ 309,805     $ 63,739     $ 54,191     $ 99,551  
                                                 
Earnings
                                               
Total of:
                                               
(a)  Pretax income from continuing operations:
  $ 5,629,874     $ 12,038,193     $ 12,417,535     $ 10,214,223     $ 16,117,471     $ 33,852,443  
(b)  fixed charges
    154,220       326,363       309,805       63,739       54,191       99,551  
(c)  amortization of capitalized interest
    -       -       -       -       -       -  
(d)  distrubuted income of equity investees
    -       -       -       -       -       -  
(e)  issuer's share of of pre-tax losses of equity investees
    -       -       -       -       -       -  
      5,784,094       12,364,556       12,727,340       10,277,962       16,171,662       33,951,994  
Less:
                                               
(a)  interest capitalized
    -       -       -       -       -       -  
(b)  preference security dividend requiremtns of consolidated subsidiaries
    -       -       -       -       -       -  
(c)  minority interest in pre-tax income of subsidiaries that have not incurred fixed charges
    -       -       -       -       -       -  
      -       -       -       -       -       -  
      Total Earnings
  $ 5,784,094     $ 12,364,556     $ 12,727,340     $ 10,277,962     $ 16,171,662     $ 33,951,994  
                                                 
                                                 
Ratio of earnings to fixed charges
    37.5       37.9       41.1       161.3       298.4       341.1