EX-12 5 k10ex12.htm 10-K Ex12




 

Exhibit 12

 

Alliance One International, Inc. and Subsidiaries

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 
 

Year        

Nine Months

  
 

Ended      

Ended    

  
 

March 31,   

March 31, 

Years Ended June 30

(in thousands)

2005       

2004     

2003   

2002   

2001    

 

          

Pretax income from continuing operations

$27,714     

$(24,440)

$35,316 

$36,458 

$33,555 

 

          

Distributed income of equity investees

-     

88 

691 

930 

223 

 

          

Fixed charges

57,549     

35,532 

51,630 

51,612 

57,023 

 

          

Earnings

$85,263     

$11,180 

$87,637 

$89,000 

$90,801 

 

          

Interest

55,102     

34,255 

49,425 

49,928 

55,819 

 

          

Amortization of charges and other

2,447     

1,277 

2,205 

1,684 

1,204 

 

          

Fixed Charges

$57,549     

$35,532 

$51,630 

$51,612 

$57,023 

 

          

Ratio of Earnings to Fixed Charges

1.48     

N/A 

1.70 

1.72 

1.59 

 

          

Fixed Charges in Excess of Earnings

N/A     

$24,352 

N/A 

N/A 

 N/A 

 

 

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