Exhibit 12.1
6922767 Holding S.à r.l.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| Successor | Predecessor | |||||||||||||||||||||||||||||||
| As at and for the three months ended July 31, | As at and for the year ended April 30, | Period from May 1, 2008 to September 15, | As at and for the year ended April 30, | |||||||||||||||||||||||||||||
| 2012 | 2011 | 2012 | 2011 | 2010 | 2009 | 2008 | 2008 | |||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||||||
Interest, including amortization of deferred financing charges, discounts and other charges | $ | 34,188 | $ | 32,859 | $ | 132,871 | $ | 153,389 | $ | 84,969 | $ | 46,416 | $ | 30,095 | $ | 63,406 | ||||||||||||||||
Interest portion of rental payments | 20,994 | 19,155 | 81,084 | 77,273 | 70,483 | 48,959 | 28,772 | 71,277 | ||||||||||||||||||||||||
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Total fixed charges | $ | 55,182 | $ | 52,015 | $ | 213,955 | $ | 230,662 | $ | 155,452 | $ | 95,375 | $ | 58,867 | $ | 134,683 | ||||||||||||||||
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Loss from continuing operations before income taxes and earnings (loss) from equity accounted investees, plus distributed income from equity investees less capitalized interest | $ | (32,313 | ) | $ | (6,599 | ) | $ | (33,520 | ) | $ | (97,142 | ) | $ | (65,930 | ) | $ | (714,452 | ) | $ | (61,125 | ) | $ | (4,576 | ) | ||||||||
Plus: fixed charges (calculated above) | 55,182 | 52,015 | 213,995 | 230,662 | 155,452 | 95,375 | 58,867 | 134,683 | ||||||||||||||||||||||||
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Earnings available to cover fixed charges | $ | 22,869 | $ | 45,416 | $ | 180,435 | $ | 133,520 | $ | 89,522 | $ | (619,077 | ) | $ | (2,258 | ) | $ | 130,107 | ||||||||||||||
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Ratio of earnings to fixed charges | — | (1) | — | (2) | — | (3) | — | (4) | — | (5) | — | (6) | — | (7) | — | (8) | ||||||||||||||||
| (1) | Earnings were insufficient to cover fixed charges by $32.3 million for the three months ended July 31, 2012. |
| (2) | Earnings were insufficient to cover fixed charges by $6.6 million for the three months ended July 31, 2011. |
| (3) | Earnings were insufficient to cover fixed charges by $33.5 million for the year ended April 30, 2012. |
| (4) | Earnings were insufficient to cover fixed charges by $97.1 million for the year ended April 30, 2011. |
| (5) | Earnings were insufficient to cover fixed charges by $65.9 million for the year ended April 30, 2010. |
| (6) | Earnings were insufficient to cover fixed charges by $714.5 million for the year ended April 30, 2009. |
| (7) | Earnings were insufficient to cover fixed charges by $61.1 million for the period from May 1, 2008 to September 15, 2008. |
| (8) | Earnings were insufficient to cover fixed charges by $4.6 million for the year ended April 30, 2008. |