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Ratio of Combined Fixed Charges and Preferred Stock Dividends
| | For the Years Ended December 31, | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | ||||||||
| | (In thousands of Euros) | |||||||||||||
| Net loss from continuing operations before other items before other items | (71,419 | ) | (226,589 | ) | (758,011 | ) | (1,892,042 | ) | (4,838,490 | ) | (1,215,814 | ) | ||
| Fixed charges and preferred stock dividends: | ||||||||||||||
| Interest, whether expensed or capitalized | 32,100 | 47,355 | 178,448 | 753,231 | 919,570 | 888,460 | ||||||||
| Preferred stock dividend requirements | — | — | — | 11,743 | 185,094 | 127,624 | ||||||||
| Total fixed charges and preferred stock dividends | 32,100 | 47,355 | 178,448 | 764,974 | 1,104,664 | 1,016,084 | ||||||||
| Adjusted losses | (39,319 | ) | (179,234 | ) | (579,563 | ) | (1,127,068 | ) | (3,438,105 | ) | (199,730 | ) | ||
| Fixed charges and preferred stock dividends | 32,100 | 47,355 | 178,448 | 764,974 | 1,104,664 | 1,016,084 | ||||||||
| Ratio of earningd to fixed charges and preferred stock dividends | — | — | — | — | — | — | ||||||||
| Euro amount of coverage deficiency | (71,419 | ) | (226,589 | ) | (758,011 | ) | (1,892,042 | ) | (4,838,490 | ) | (1,215,814 | ) | ||
Exhibit 12.1
Ratio of Combined Fixed Charges and Preferred Stock Dividends