EX-12 2 y20503exv12.htm EX-12: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12
 

Exhibit 12
CELANESE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (unaudited)
                   
    Three Months Ended   Three Months Ended
    March 31, 2006   March 31, 2005
         
    (In $ millions, except ratio of earnings
    to combined fixed charges)
Earnings:
                
Earnings (loss) from continuing operations before tax and minority interest
     161       13  
Less:
                
 
Equity in net earnings of affiliates
     (21 )     (15 )
Plus:
                
 
Income distributions from equity investments
     17       36  
 
Amortization of capitalized interest
     1       1  
 
Total fixed charges
     85       193  
             
Total earnings as defined before combined fixed charges
     243       228  
             
Fixed charges:
                
Interest expense
     71       176  
Capitalized interest
     1       1  
Estimated interest portion of rent expense
     9       6  
Cumulative undeclared and declared preferred stock dividends
     3       2  
Guaranteed payment to minority shareholders
     1       8  
             
Total combined fixed charges
     85       193  
             
Ratio of earnings to combined fixed charges
     2.9       1.2