EX-12.1 10 ex12_1.htm EXHIBIT 12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHANGES AND PREFERRED STOCK DIVIDENDS Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Changes and Preferred Stock Dividends
 
AMARIN AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
 
 
Year Ended December 31,
UK GAAP
2005
2004
2003
2002
2001
 
(in thousands)
Income from continuing operations before taxes
$ (18,908)
$ (9,927)
$ (6,200)
$ (6,130)
$ (4,358)
Plus: combined fixed charges and preference dividend
377
667
1,344
3,025
888
Earnings
$(18,531)
$(9,260)
$(4,856)
$(3,105)
$(3,470)
Preference Dividend
    
24
122
200
Interest expense
65
289
900
2,349
477
Rent expense (interest portion)
312
378
420
554
211
Total fixed charges and preference dividend
$377
$667
$1,344
$3,025
$888
“Earnings” divided by combined fixed charges and preference dividend¹
N/A
N/A
N/A
N/A
N/A


¹ Earnings were not adequate in the years 2001 to 2005 to cover either fixed charges or combined fixed charges and preference dividend under UK GAAP.

 
Year Ended December 31,
US GAAP
2005
2004
2003
2002
2001
 
(in thousands)
Income from continuing operations before taxes
$ (19,536)
$ (57,173)
$ (5,674)
$ (3,550)
$ (5,048)
Plus: combined fixed charges and preference dividend
746
687
1,344
3,025
888
Earnings
$(18,790)
$(56,486)
$(4,330)
$(525)
$(4,160)
Preference Dividend
    
24
122
200
Interest expense
434
309
900
2,349
477
Rent expense (interest portion)
312
378
420
554
211
Total fixed charges and preference dividend
$746
$687
$1,344
$3,025
$888
“Earnings” divided by combined fixed charges and preference dividend¹
N/A
N/A
N/A
N/A
N/A


¹ Earnings were not adequate in the years 2001 to 2005 to cover either fixed charges or combined fixed charges and preference dividend under US GAAP.