EX-12.1 9 g04270exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
 

BOWATER INCORPORATED
Exhibit 12.1
Bowater Incorporated
Statement of Computation of Unaudited Ratio of Earnings to Fixed Charges
(in millions, except ratio information)
                 
    Nine Months Ended September 30,
    2006   2005
     
Earnings:
                
 
                
Loss before income taxes, minority interests and cumulative effect of accounting change
   $ (211.8 )   $ (19.9 )
 
                
Add: Fixed charges from below
     158.1       154.9  
Less: Capitalized interest
     2.8       0.6  
     
 
                
 
   $ (56.5 )   $ 134.4  
     
Fixed Charges:
                
 
                
Interest expense, net of interest capitalized
   $ 149.5     $ 149.5  
Capitalized interest
     2.8       0.6  
Estimate of interest within rental expense
     2.5       1.4  
Amortized premium and discounts related to indebtedness
     3.3       3.4  
     
 
                
 
   $ 158.1     $ 154.9  
     
 
                
     
Deficiency of Earnings to Fixed Charges
   $ 214.6     $ 20.5