STATEMENT RE COMPUTATION OF RATIOS
Published on April 17, 2001
Exhibit 12
Statement re computation of ratios
| Fiscal Years Ended
|
||||||||||
| |
||||||||||
|
2001 |
2000 |
|
1999 |
1998 |
1997
|
|
||||
| |
||||||||||
|
Income before income taxes |
10,116 |
9,083 |
|
7,323 |
5,719 |
4,877
|
|
|||
|
Capitalized interest |
(93 |
)
|
(57 |
)
|
(41 |
)
|
(33 |
)
|
(44
|
) |
|
Minority interest |
(129 |
)
|
(170 |
)
|
(153 |
)
|
(78 |
)
|
(27
|
) |
|
Adjusted profit before tax |
9,894 |
8,856 |
|
7,129 |
5,608 |
4,806
|
|
|||
| |
|
|
|
|
|
|||||
|
Fixed Charges |
|
|
|
|
|
|
||||
|
Debt interest |
1,095 |
756 |
|
529 |
555 |
629
|
|
|||
|
Capital lease interest |
279 |
266 |
|
268 |
229 |
216
|
|
|||
|
Capitalized interest |
93 |
57 |
|
41 |
33 |
44
|
|
|||
|
Interest component of rent |
714 |
458 |
|
523 |
477 |
449
|
|
|||
|
Total fixed expense |
2,181 |
1,537 |
|
1,361 |
1,294 |
1,338
|
|
|||
| |
|
|
|
|
|
|||||
|
Profit before taxes and fixed expenses |
12,075 |
10,393 |
|
8,490 |
6,902 |
6,144
|
|
|||
| |
|
|
|
|
|
|||||
|
Fixed charge coverage |
5.54 |
6.76 |
|
6.24 |
5.33 |
4.59
|
|
|||
| |
|
|
|
|
|
|||||
| |
|
|
|
|
|
|||||
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000