EX-12.1 2 a2167740zex-12_1.htm EX-12.1
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EXHIBIT 12.1


NTL INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

 
  Year ended December 31,
 
 
  2005
  2004
  2003
  2002(1)
  2001
 
 
  Reorganized
Company

  Reorganized
Company

  Reorganized
Company

  Predecessor
Company

  Predecessor
Company

 
Fixed charges:                      
Interest   £235.8   £271.0   £459.9   £571.0   £929.6  
Interest portion of rental expense   14.2   14.9   14.9   28.9   14.9  
   
 
 
 
 
 
Fixed charges   £250.0   £285.9   £474.8   £599.9   £944.5  
   
 
 
 
 
 

Earnings:

 

 

 

 

 

 

 

 

 

 

 
Loss from continuing operations   £(221.9 ) £(504.4 ) £(606.6 ) £(1,617.4 ) £(7,882.6 )
Fixed charges   250.0   285.9   474.8   599.9   944.5  
Less: capitalized interest       (3.4 ) (30.8 ) (47.0 )
   
 
 
 
 
 
    £28.1   £(218.5 ) £(135.2 ) £(1,048.3 ) £(6,985.1 )
   
 
 
 
 
 

Ratio of earnings to fixed charges

 

 

 

 

 

 

 

 

 

 

 
Deficiency   £(221.9 ) £(504.4 ) £(610.0 ) £(1,648.2 ) £(7,929.6 )

        The ratio of earnings to fixed charges and combined fixed charges and preferred stock dividends is not meaningful for the periods that result in a deficit.

(1)
In accordance with SOP-97, the Company discontinued accruing interest on certain of its debt. For the year ended December 31, 2002, contractual interest was £948.7 million, which was £429.4 million in excess of reported interest expense.



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NTL INCORPORATED AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in millions)