EX-12.1 3 g96674exv12w1.htm EX-12.1 Ex-12.1
 

Exhibit 12.1
Bowater Incorporated
Statement of Computation of Unaudited Ratio of Earnings to Fixed Charges
(in millions, except ratio information)
                 
    Six Months Ended June 30,  
    2005     2004  
Earnings:
                
 
                
Loss before income taxes, minority interests and cumulative effect of accounting change
   $ (16.8 )   $ (94.5 )
 
                
Add: Fixed charges from below
     102.9       100.4  
Less: Capitalized interest
     0.2       —  
     
 
                
 
   $ 85.9     $ 5.9  
     
 
                
Fixed Charges:
                
 
                
Interest expense, net of interest capitalized
     99.5       98.1  
Capitalized interest
     0.2       —  
Estimate of interest within rental expense
     0.9       1.4  
Amortized premium and discounts related to indebtedness
     2.3       0.9  
     
 
                
 
   $ 102.9     $ 100.4  
     
 
                
Deficiency of Earnings to Fixed Charges
   $ 17.0     $ 94.5