Form: 10-K

Annual report pursuant to Section 13 and 15(d)

April 17, 2000

Published on April 17, 2000










EXHIBIT 12






















































































































































































Statement re
computation of ratios

 

Nine Months
Ended October 31,

Fiscal Years
Ended

 

1999

1998

2000

1999

1998

1997

1996

Income before income taxes

5,903

4,711

9,083

7,323

5,719

4,877

4,359

Capitalized

(30)

(24)

(57)

(41)

(33)

(44)

(50)

Minority interest

(85)

(97)

(170)

(153)

(78)

(27)

(13)

Adjusted profit before tax*

5,788

4,590

8,856

7,129

5,608

4,806

4,296

 
Fixed Charges  
   Debt interest

502

380

756

529

555

629

692

   Capital lease interest

197

201

266

268

229

216

196

   Capitalized interest

30

24

57

41

33

44

50

   Interest component of rent

379

395

458

523

477

449

425

Total fixed expense

1,108

1,000

1,537

1,361

1,294

1,338

1,363

 
Profit before taxes and fixed expenses

6,896

5,590

10,393

8,490

6,902

6,144

5,659

 
Fixed charge coverage

6.22

5.59

6.76

6.24

5.33

4.59

4.15

 
Operating rent expense

474

494

573

654

596

561

531

Interest portion ratio

80%

80%

80%

80%

80%

80%

80%

 
Interest portion of rents

379

395

458

523

477

449

425




* Does not include the cumulative effect of accounting change recorded by the Company
in Fiscal 2000