EX-12.1 8 h02152asexv12w1.txt EX-12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . Exhibit 12.1 SUNTECH POWER H LDINGS CO., LTD. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2007 2006 2005 2004 2003 USD USD USD USD USD Earnings Income (loss) from continuing operations before income taxes 181,787,544 111,780,572 34,415,078 19,145,228 624,618 Capitalized interest (47,601) - - - - Amortization of capitalized interest 6,330 - - - - Equity in losses (earnings) of affiliates, net of taxes 698,588 (1,013,058) (121,408) 51,421 - ------------- ------------ ----------- ------------ ---------- Subtotal 182,444,861 10,767,514 34,293,670 19,196,649 624,618 ------------- ------------- ----------- ------------ ---------- Fixed charges Interest charges 23,312,612 6,293,078 7,907,323 1,036,442 226,592 Convertible notes interest expenses 1,107,639 - - - - -------------- ------------- ------------ ------------- ---------- Subtotal 24,420,251 6,293,078 7,907,323 1,036,442 226,592 ------------- ------------- ------------ ------------- ---------- Earnings (loss), as adjusted 206,865,112 117,060,592 42,200,993 20,233,091 851,210 Ratio of earnings to fixed charges 8.47 18.60 5.34 19.52 3.76
Note: The ratios of earnings to fixed charges were computed by dividing fixed charges into the sum of earnings (after certain adjustments) and fixed charges. Fixed charges include interest on all debt of continuing operations. Earnings include income from continuing operations before income taxes, plus net losses (earnings) in equity method investees.