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

Exhibit 12

CELANESE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


  Successor Predecessor
  Three Months
Ended
September 30,
2005
Three Months
Ended
September 30,
2004
Nine Months
Ended
September 30,
2005
Six Months
Ended
September 30,
2004
Three Months
Ended
March 31,
2004
Earnings:                              
Earnings (loss) from continuing operations before tax and minority interest   74     (31   220     (135   72  
Less:                              
Equity in net earnings of affiliates   (21   (17   (48   (35   (12
Plus:                              
Income distributions from equity investments   14     15     60     21     15  
Amortization of capitalized interest       2     3     4     2  
Total fixed charges   85     106     363     243     16  
Total earnings as defined before combined fixed charges   152     75     598     98     93  
Fixed charges:                              
Interest expense   72     98     316     228     6  
Capitalized interest       1     3     2     3  
Estimated interest portion of rent expense   5     7     17     13     7  
Cumulative undeclared and declared preferred stock dividends   3         7          
Guaranteed payment to minority shareholders   5         20          
Total combined fixed charges   85     106     363     243     16  
Ratio of earnings to combined fixed charges(1)   1.8         1.6         5.8  
(1) Earnings were insufficient to cover combined fixed charges by $31 million and $145 million for the three months and six months ended September 30, 2004, respectively.