EXHIBIT NO. 12
NUI CORPORATION AND SUBSIDIARIES
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended September 30 | |||||
2001 | 2000 | 1999 | 1998 | 1997 | |
Income from continuing operations before |
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Add (deduct): | |||||
Adjustment related to equity |
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Add: | |||||
Interest element of rentals | |||||
charged to income (a) | 2,890 | 2,288 | 3,144 | 3,239 | 3,299 |
Interest expense | 25,067 | 21,708 | 21,836 | 20,496 | 21,374 |
______ | ______ | ______ | ______ | ______ | |
Earnings as defined | $71,965 | $66,702 | $66,067 | $44,357 | $52,528 |
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Interest expense | $25,067 | $21,708 | $21,836 | $20,496 | $21,374 |
Capitalized interest | 1,548 | 754 | 83 | 272 | 186 |
Interest element of rentals charged | |||||
to income (a) | 2,890 | 2,288 | 3,144 | 3,239 | 3,299 |
______ | ______ | ______ | ______ | ______ | |
Fixed charges as defined | $29,505 | $24,750 | $25,063 | $24,007 | $24,859 |
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Consolidated ratio of earnings to fixed charges |
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(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.