EX-12.1 2 dex121.htm STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Ratio of Earnings to fixed charges

EXHIBIT 12.1

Computation of ratio of earnings to fixed charges

The calculation of the ratio of earnings to fixed charges is included below:

Dollarama Group Holdings L.P.

 (dollars in thousands) YearEndedFebruary 3,2008 YearEndedFebruary 4,2007 Earnings: Earnings before income taxes \$ 89,171 \$ 72,200 Plus: Fixed charges 91,285 71,257 Amortization of capitalized interest — — Less: interest capitalized during period — — \$ 180,456 \$ 143,457 Fixed charges: Interest (expense or capitalized) \$ 65,713 \$ 50,498 Estimates portion of rent expense representative of interest 19,232 16,405 Amortization of financing costs 6,340 4,354 \$ 91,285 \$ 71,257 2.0 x 2.0 x

Dollarama Group L.P.

 (dollars in thousands) YearEndedFebruary 3,2008 YearEndedFebruary 4,2007 Earnings: Earnings before income taxes \$ 77,058 \$ 82,036 Plus: Fixed charges 66,806 67,673 Amortization of capitalized interest — — Less: interest capitalized during period — — \$ 143,864 \$ 149,709 Fixed charges: Interest (expense or capitalized) \$ 43,299 \$ 47,192 Estimates portion of rent expense representative of interest 19,232 16,405 Amortization of financing costs 4,275 4,076 \$ 66,806 \$ 67,673 Ratio of earnings to fixed charges(1) 2.2 x 2.2 x

 (1) For purposes of calculating the ratio of earnings to fixed charges, earnings represents the sum of earnings before income taxes, fixed charges and amortization of capitalized interest, less capitalized interest. Fixed charges consist of interest expense, capitalized interest, amortization of financing costs, write-off of financing costs and the portion of operating rental expense which management believes is representative of the interest component of rent expense.