EX-12.1 8 u97806a3ex12-1.txt STATEMENT RE: COMPUTATION OF RATIOS 1 EXHIBIT 12.1 CHINA MOBILE (HONG KONG) LTD COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES PREPARED UNDER US GAAP (RENMINBI IN MILLIONS)
Six months Year ended December 31, ended June 30, ------------------------------------------------------- -------------- 1995 1996 1997 1998 1999 2000 ------------------------------------------------------- -------------- Profit before taxes and minority interest 6,464 7,411 9,571 13,548 11,482 11,690 Fixed charges: Interest expenses 46 33 119 142 396 307 Interest capitalized 149 181 187 315 210 89 Representative interest in rental expense 32 59 100 161 218 142 ------------------------------------------------------- -------------- (1) Total fixed charges (B) 227 273 406 618 824 538 ------------------------------------------------------- -------------- (2) Less: fixed charges capitalized (149) (181) (187) (315) (210) (89) ------------------------------------------------------- -------------- (1)-(2) 78 92 219 303 614 449 Earnings before ------------------------------------------------------- -------------- taxes and fixed charges (A) 6,542 7,503 9,790 13,851 12,096 12,139 ======================================================= ============== Ratio of earnings ------------------------------------------------------- -------------- to fixed charges (A)/(B) 28.8 27.5 24.1 22.4 14.7 22.6 ======================================================= ==============
2 CHINA MOBILE (HONG KONG) LTD COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES PREPARED UNDER HK GAAP (RENMINBI IN MILLIONS)
Six months Year ended December 31, ended June 30, --------------------------------------------------- -------------- 1995 1996 1997 1998 1999 2000 --------------------------------------------------- -------------- Profit before taxes and minority interest 4,954 4,941 5,953 9,387 6,444 12,742 Fixed charges: Interest expenses 89 167 175 160 343 335 Interest capitalized 106 47 112 147 143 61 Representative interest in rental expense 21 41 76 100 180 142 --------------------------------------------------- -------------- (1) Total fixed charges (B) 216 255 363 407 666 538 --------------------------------------------------- -------------- (2) Less: fixed charges capitalized (106) (47) (112) (147) (143) (61) --------------------------------------------------- -------------- (1)-(2) 110 208 251 260 523 477 Earnings before taxes --------------------------------------------------- -------------- and fixed charges (A) 5,064 5,149 6,204 9,647 6,967 13,219 =================================================== ============== Ratio of earnings to --------------------------------------------------- -------------- fixed charges (A)/(B) 23.5 20.2 17.1 23.7 10.5 24.6 =================================================== ==============