EX-12 5 ex12.htm 10-K Ex12

 

 

Exhibit 12

 

Alliance One International, Inc. and Subsidiaries

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

Years Ended March 31,

Ended

(in thousands)

2008

2007

2006

2005

March 31, 2004

 

 

 

 

 

 

Pretax income from continuing operations

$    2,046   

$ 13,086   

$(442,088)  

$37,380     

$(17,400)

 

 

 

 

 

 

Distributed income of equity investees

311   

109   

-   

-     

88 

 

 

 

 

 

 

Fixed charges

106,457   

109,834   

112,796   

57,500     

35,514 

 

 

 

 

 

 

Earnings

$108,814   

$123,029   

$(329,292)  

$94,880     

$ 18,202 

 

 

 

 

 

 

Interest

102,866   

103,436   

107,258   

55,053     

34,237 

 

 

 

 

 

 

Amortization of charges and other

 3,591   

6,398   

5,538   

2,447     

1,277 

 

 

 

 

 

 

Fixed Charges

$106,457   

$109,834   

$ 112,796   

$57,500     

$ 35,514 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

1.02   

1.12   

N/A   

1.65     

N/A 

 

 

 

 

 

 

Coverage Deficiency

N/A   

N/A   

$ 442,088   

N/A     

$ 17,312