EX-12.A 2 y41970ex12-a.txt COMPUTATION OF RATIO OF EARNINGS 1 Exhibit 12(a) The Seagram Company Ltd. and Subsidiary Companies Computation of Ratio of Earnings to Fixed Charges (U.S. dollars in millions)
Quarter Fiscal Year Ended September 30, Ended June 30, ------------------- -------------- 2000 1999 2000 1999 ---- ---- ---- ---- Income (loss) from continuing operations, before tax $ 12 $ 9 $ 190 $ (579) Add (deduct): Dividends from equity companies 6 13 74 92 Fixed charges 193 207 804 656 Interest capitalized, net of amortization -- -- -- -- ------ ------ ------ ------ Earnings available for fixed charges $ 211 $ 229 $1,068 $ 169 ====== ====== ====== ====== Fixed charges: Interest expense $ 178 $ 191 $ 745 $ 592 Portion of rent expense deemed to represent interest factor 15 16 59 64 ------ ------ ------ ------ Fixed charges $ 193 $ 207 $ 804 $ 656 ====== ====== ====== ====== Ratio of earnings to fixed charges 1.09 1.11 1.33 (a) ====== ====== ====== ======
(a) Fixed charges exceeded by $487 million for the year ended June 30, 1999.