EX-12.01 2 utahmedicalexh1201.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES utahmedicalexh1201.htm


 
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,
             
   
30-Jun-12
   
2011
   
2010
   
2009
   
2008
   
2007
 
Fixed charges
                                   
(a)  interest expensed and capitalized
  $ 359,938     $ 859,366     $ 25,077     $ 51,088     $ 198,154     $ 270,315  
(b)  amortized premiums, discounts and capitalized expenses related to indebtedness
    -       -       -       -       -       -  
(c)  estimated interest within rental expense
    38,739       73,390       30,956       56,204       57,122       56,048  
(d)  preference security dividend requirements of subsidiaries
    -       -       -       -       -       -  
      Total fixed charges
  $ 398,677     $ 932,756     $ 56,033     $ 107,292     $ 255,276     $ 326,363  
                                                 
Earnings
                                               
Total of:
                                               
(a)  Pretax income from continuing operations:
  $ 7,366,765     $ 11,079,889     $ 9,040,579     $ 9,579,656     $ 10,776,683     $ 12,038,193  
(b)  fixed charges
    398,677       932,756       56,033       107,292       255,276       326,363  
(c)  amortization of capitalized interest
    -       -       -       -       -       -  
(d)  distrubuted income of equity investees
    -       -       -       -       -       -  
(e)   issuer's share of of pre-tax losses of equity investees
    -       -       -       -       -       -  
      7,765,442       12,012,645       9,096,612       9,686,948       11,031,959       12,364,556  
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
  $ 7,765,442     $ 12,012,645     $ 9,096,612     $ 9,686,948     $ 11,031,959     $ 12,364,556  
                                                 
Ratio of earnings to fixed charges
    19.5       12.9       162.3       90.3       43.2       37.9