EX-12.1 5 y19841exv12w1.htm EX-12.1: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12.1
 

Exhibit 12.1
GTECH HOLDINGS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 
    Fiscal Year Ended  
    February 25,     February 26,  
    2006     2005  
    (Dollars in thousands)  
Earnings:
                
Income before income taxes
   $ 318,376     $ 306,386  
Add:
                
Interest on indebtedness
     30,793       19,213  
Equity income, net of distributions
     582       3,461  
Minority losses
     1,673       3,799  
Portion of rents representative of the interest factor
     1,151       1,259  
Amortization of capitalized interest
     780       686  
 
            
Earnings available for fixed charges
   $ 353,355     $ 334,804  
 
            
 
                
Fixed charges:
                
Interest on indebtedness
     30,793       19,213  
Portion of rents representative of the interest factor
     1,151       1,259  
Capitalized interest
     176       1,195  
 
            
Total fixed charges
   $ 32,120     $ 21,667  
 
            
 
                
Ratio of earnings to fixed charges
     11.00       15.45