EX-12 7 l35859aexv12.htm EX-12 EX-12
Exhibit 12
 
H. J. Heinz Company and Subsidiaries
 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
                                         
    Fiscal Years Ended  
    April 29,
 		    April 30,
 		    May 2,
 		    May 3,
 		    April 27,
 		 
    2009
 		    2008
 		    2007
 		    2006
 		    2005
 		 
    (52 weeks)     (52 weeks)     (52 weeks)     (53 weeks)     (52 weeks)  
 
Fixed Charges:
                                       
Interest expense(a)
  $ 347,756     $ 372,050     $ 340,432     $ 323,269     $ 238,069  
Capitalized interest
    —       —       —       —       —  
Interest component of rental expense
    32,984       30,949       30,287       30,184       29,074  
                                         
Total fixed charges
  $ 380,740     $ 402,999     $ 370,719     $ 353,453     $ 267,143  
                                         
Earnings:
                                       
Income from continuing operations before adjustments for minority interests in consolidated subsidiaries, income or loss from equity investees, and income taxes
  $ 1,311,452     $ 1,229,624     $ 1,138,938     $ 701,938     $ 999,425  
Add: Interest expense(a)
    347,756       372,050       340,432       323,269       238,069  
Add: Interest component of rental expense
    32,984       30,949       30,287       30,184       29,074  
Add: Amortization of capitalized interest
    633       1,408       2,793       1,818       2,012  
                                         
Earnings as adjusted
  $ 1,692,825     $ 1,634,031     $ 1,512,450     $ 1,057,209     $ 1,268,580  
                                         
Ratio of earnings to fixed charges
    4.45       4.05       4.08       2.99       4.75  
                                         
 
(a) Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.