EX-12.(A) 2 ex-12_24019.txt STATEMENT RE: COMPUTATION OF RATIOS EXHIBIT 12(a) BANKERS TRUST CORPORATION AND SUBSIDIARIES COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES (dollars in millions)
Nine Months Ended Year Ended December 31, September 30, ------------------------------------------------------------ 1995 1996 1997 1998 1999 2000 ------------------------------------------------------------ Earnings: 1. Income (loss) before income taxes $ 469 $ 1,131 $ 1,239 $ (77) $(1,415) $ 709 2. Add: Fixed charges excluding capitalized interest (Line 10) 5,138 5,483 5,959 6,954 3,654 2,300 3. Less: Equity in undistri- buted income of unconsolidated subsidiaries and affiliates 28 30 (117) 15 75 39 ------------------------------------------------------------ 4. Earnings including interest on deposits 5,579 6,584 7,315 6,862 2,164 2,970 5. Less: Interest on deposits 1,360 1,355 2,076 2,195 1,424 793 ------------------------------------------------------------ 6. Earnings excluding interest on deposits $ 4,219 $ 5,229 $ 5,239 $ 4,667 $ 740 $ 2,177 ============================================================ Fixed Charges: 7. Interest Expense $ 5,105 $ 5,451 $ 5,926 $ 6,919 $ 3,612 $ 2,271 8. Estimated interest component of net rental expense 33 32 33 35 42 29 9. Amortization of debt issuance expense -- -- -- -- -- -- ------------------------------------------------------------ 10. Total fixed charges including interest on deposits and excluding capitalized interest 5,138 5,483 5,959 6,954 3,654 2,300 11. Add: Capitalized interest -- -- -- -- -- -- ------------------------------------------------------------ 12. Total fixed charges 5,138 5,483 5,959 6,954 3,654 2,300 13. Less: Interest on deposits (Line 5) 1,360 1,355 2,076 2,195 1,424 793 ------------------------------------------------------------ 14. Fixed charges excluding interest on deposits $ 3,778 $ 4,128 $ 3,883 $ 4,759 $ 2,230 $ 1,507 ============================================================ Consolidated Ratios of Earnings to Fixed Charges: Including interest on deposits (Line 4/Line 12) 1.09 1.20 1.23 .99 N/A 1.29 ============================================================ Excluding interest on deposits (Line 6/Line 14) 1.12 1.27 1.35 .98 N/A 1.44 ============================================================
For the years ended December 31, 1999 and 1998, earnings, as defined, did not cover fixed charges, including and excluding interest on deposits by $1,490 million and $92 million, respectively, as a result of a net loss recorded during the period. N/A - Not Applicable.