EX-12.3 9 dex123.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES, FOX ENTERTAINMENT GROUP, INC. Exhibit 12.3 Fox Entertainment Group, Inc. Computation of Ratio of Earnings to Fixed Charges
For the nine months ended March 31, For the years ended June 30, ------------ ------------ ------------ ------------ ------------ ----------- 2003 2002 2001 2000 1999 1998 ------------ ------------ ------------ ------------ ------------ ----------- (US$ in millions) Earnings: Income before provision for income tax expense and cumulative effect of accounting change 1,194 1,015 391 265 347 311 Addback: Fixed charges less capitalized interest 164 329 398 341 256 295 ------------ ------------ ------------ ------------ ------------ ----------- Subtotal Earnings 1,358 1,344 789 606 603 606 Less: Undistributed losses of equity affiliates (23) (166) (165) (102) (147) (81) Minority interest (4) (5) (3) (4) - - ------------ ------------ ------------ ------------ ------------ ----------- Earnings available for Fixed Charges 1,385 1,515 957 712 750 687 ============ ============ ============ ============ ============ =========== Fixed Charges: Interest on debt and capitalized leases (including capitalized interest) 164 319 404 359 258 303 Interest element of rentals 19 32 23 25 17 18 ------------ ------------ ------------ ------------ ------------ ----------- Total Fixed Charges 183 351 427 384 275 321 ============ ============ ============ ============ ============ =========== Ratio of Earnings to Fixed Charges 7.6 4.3 2.2 1.9 2.7 2.1 ============ ============ ============ ============ ============ ===========