EX-12 7 file004.htm COMPUTATION OF RATIO OF EARNINGS

Exhibit 12

CELANESE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


  Predecessor Successor
  Three Months
Ended March 31,
2004
Three Months
Ended March 31,
2005
  (in $ millions except for ratio of earnings
to combined fixed charges)
Earnings:
Earnings from continuing operations before tax and minority interests   72     23  
Less:
Equity in net earnings of affiliates   (12   (15
Plus:
Income distributions from equity investments   15     36  
Amortization of capitalized interest   2     1  
Total fixed charges   16     193  
Total earnings as defined before combined fixed charges   93     238  
Fixed charges:
Interest expense   6     176  
Capitalized interest   3     1  
Estimated interest portion of rent expense   7     6  
Cumulative undeclared preferred stock dividends       2  
Guaranteed payment to minority shareholders       8  
Total combined fixed charges   16     193  
Ratio of earnings to combined fixed charges   5.8   1.2