EX-12 8 exhibit12.htm EXHIBIT 12 Net 1 UEPS Technologies, Inc.: Exhibit 12 - Filed by newsfilecorp.com

EXHIBIT 12

Statement regarding computation of ratio of earnings to fixed charges

    Year ended June 30,  
    2017     2016     2015     2014     2013  
    (in thousands, except for ratio of earnings to fixed charges)  
                               
Fixed charges                              
Interest expensed and capitalized $ 3,484   $ 3,423   $ 4,456   $ 7,473   $ 7,966  
Amortized premiums, discounts and
capitalized expenses related to indebtedness
                   
Estimate of the interest within rental expense   933     755     650     709     1,430  
Preference security dividend requirements
of consolidated subsidiaries
  -     -     -     -     -  
                               
   Fixed charges   4,417     4,178     5,106     8,182     9,396  
                               
Earnings                              
Add   118,873     130,415     145,524     117,324     36,675  
Pretax income from continuing operations
before adjustment for non-controlling interests
in consolidated subsidiaries or income or loss
from equity investees
  114,456     126,237     140,418     109,142     27,279  
Fixed charges   4,417     4,178     5,106     8,182     9,396  
Amortization of capitalized interest   -     -     -     -     -  
Distributed income of equity investees   -     -     -     -     -  
Your share of pre-tax losses of equity
investees for which charges arising from
guarantees are included in fixed charges
  -     -     -     -     -  
                               
Less   2,359     362     328     -     -  
Interest capitalized                              
Preference security dividend requirements
of consolidated subsidiaries
                   
Non-controlling interest in pre-tax income
of subsidiaries that have not incurred fixed charges
  2,359     362     328          
                               
   Earnings $ 116,514   $ 130,053   $ 145,196   $ 117,324   $ 36,675  
                               
Ratio of earnings to fixed charges   26.38     31.13     28.44     14.34     3.90