EX-12 5 file002.htm COMPUTATION OF RATIO OF EARNINGS

Exhibit 12

CELANESE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


  Successor Predecessor
  Six Months
Ended
June 30, 2005
Three Months
Ended
June 30, 2005
Three Months
Ended
June 30,2004
Three Months
Ended
March 31, 2004
Earnings:      
Earnings (loss) from continuing operations before tax and minority interest   146     123     (104   72  
Less:      
Equity in net earnings of affiliates   (27   (12   (18   (12
Plus :      
Income distributions from equity investments   46     10     6     15  
Amortization of capitalized interest   3     1     2     2  
Total fixed charges   277     84     137     16  
Total earnings as defined before combined fixed charges   445     206     23     93  
Fixed charges:      
Interest expense   244     68     130     6  
Capitalized interest   2     1     1     3  
Estimated interest portion of rent expense   12     6     6     7  
Cumulative undeclared and declared preferred stock dividends   4     2          
Guaranteed payment to minority shareholders   15     7          
Total combined fixed charges   277     84     137     16  
Ratio of earnings to combined fixed charges(1)   1.6     2.5     0.2     5.8  
(1) Earnings were insufficient to cover combined fixed charges by $114 million for the three months ended June 30, 2004.