EX-12 9 k10ex12.htm ITEM 6
 

Exhibit 12
 

DIMON Incorporated and Subsidiaries
 

RATIO OF EARNINGS TO FIXED CHARGES
 
 

Years Ended June 30
 

____________________________________________________________________

(in thousands)

2003   

2002   

2001   

2000    

1999    

===============================================================================================================
           

Pretax income from continuing operations……

$35,042 

$38,023 

$34,540 

$23,352 

$ (37,289)
           

Distributed income of equity investees.....…….

691 

930 

223 

4,041 

7,039 
           

Fixed charges……….………………………….

51,813 

51,812 

57,112 

62,847 

70,625 
 

____________________________________________________________________

Earnings………………………………………..

$87,546 

$90,765 

$91,875 

$90,240 

$40,375 
           

Interest………………………………………….

49,608 

50,128 

55,908 

60,069 

68,897 
           

Amortization of charges and other……………...

2,205 

1,684 

1,204 

2,778 

1,728 
 

____________________________________________________________________

Fixed Charges…………………………………

$51,813 

$51,812 

$57,112 

$62,847 

$70,625 
           

Ratio of Earnings to Fixed Charges…………

1.69 

1.75 

1.61 

1.44 

N/A 
           

Fixed Charges in Excess of Earnings………..

N/A 

N/A 

N/A 

 N/A 

$30,250 
 
 

-221-