EX-12 2 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,  
    2018       2017       2016       2015       2014  
    (in thousands, except for ratio of earnings to fixed charges)  
                                       
Fixed charges                                      
Interest expensed and capitalized $ 8,941     $ 3,484     $ 3,423     $ 4,456     $ 7,473  
Amortized premiums, discounts and capitalized expenses related to indebtedness                            
Estimate of the interest within rental expense   1,155       933       755       650       709  
Preference security dividend requirements of consolidated subsidiaries   -       -       -       -       -  
                                       
   Fixed charges   10,096       4,417       4,178       5,106       8,182  
                                       
Earnings                                      
Add   114,573       118,873       130,415       145,524       117,324  
Pretax income from continuing operations before adjustment for non-controlling interests in consolidated subsidiaries or income or loss from equity investees   100,366       114,456       126,237       140,418       109,142  
Fixed charges   10,096       4,417       4,178       5,106       8,182  
Amortization of capitalized interest   -       -       -       -       -  
Distributed income of equity investees   4,111       -       -       -       -  
Your share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges   -       -       -       -       -  
                                       
Less   304       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
  304       2,359       362       328        
                                       
   Earnings $ 114,269     $ 116,514     $ 130,053     $ 145,196     $ 117,324  
                                       
Ratio of earnings to fixed charges   11.32       26.38       31.13       28.44       14.34