EX-12.2 9 d130274dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES

Computation of ratio of earnings to fixed charges

(In thousands of Mexican pesos)

 

     March 31,
            2015            		      March 31,
            2016            		  

IFRS

      

Fixed Charges:

      

Interest capitalized in fixed assets

      1,647,838           1,220,654     

Interest expense

      33,624,115           20,220,098     

Amortization premiums related to indebtedness

      (828,889)           (1,235,913)     

Estimate of the interest within rental expense

      60,239           122,221     
  

 

 

     

 

 

  

Total Fixed Charges

      34,503,303           20,327,060     
  

 

 

     

 

 

  

Net income (loss)

      (100,546,286)           (62,012,514)     

Hydrocarbon Income Tax (IRP)

      —           —     

Income Tax and Others

      1,950,098           341,210     

Profit sharing in subsidiaries and affiliates (income from equity investees)

      (39,299)           215,050     
  

 

 

     

 

 

  

Pretax income from continuing operations before income from equity investees

      (98,635,487)           (61,456,254)     

Fixed Charges:

      34,503,303           20,327,060     

Amortization of interest capitalized

      65,914           48,826     

Distributed income of investment shares

      —           —     

Interest capitalized in fixed assets

      (1,647,838)           (1,220,654)     
  

 

 

     

 

 

  

Earnings

      (65,714,108)           (42,301,022)     
  

 

 

     

 

 

  

Amount by which fixed charges exceed earnings

      100,217,411           62,628,082     

Ratio of earnings to fixed charges

      —           —