EX-12 6 file003.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12

CELANESE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES


  Predecessor Successor
  Year Ended December 31, Three Months
Ended
March 31, 2004
Nine Months
Ended
December 31, 2004
Year
Ended
December 31, 2005
  2001 2002 2003
  (in $ millions, except ratio of earnings to combined fixed charges)
Earnings:                                    
Earnings (loss) from continuing operations before tax and minority interest   (378   168     172     67     (180   362  
Less:                                    
Equity in net earnings of affiliates   (12   (21   (35   (12   (36   (61
Plus:                                    
Income distributions from equity investments   19     61     23     16     22     66  
Amortization of capitalized interest   9     10     14     2     1     3  
Total fixed charges   104     89     72     16     333     454  
Total earnings as defined before combined fixed charges   (258   307     246     89     140     824  
Fixed charges:                                    
Interest expense   72     55     49     6     300     387  
Capitalized interest   4     6     3     3     4     4  
Estimated interest portion of rent expense   28     28     20     7     21     31  
Cumulative undeclared and declared preferred stock dividends                       10  
Guaranteed payment to minority shareholders                   8     22  
Total combined fixed charges   104     89     72     16     333     454  
Ratio of earnings to combined fixed charges       3.4     3.4     5.6         1.8  
Excess (Deficiency)   (362   218     174     73     (193   370