Exhibit 2
STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AMÉRICA MÓVIL, S.A. DE C.V. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Thousands of Mexican pesos
2001 | 2002 | 2003 | 2004 | 2005 | |||||||||||||
Mexican GAAP: | |||||||||||||||||
Income before income tax and employee profit sharing | 6,991,986 | 13,290,327 | 20,693,518 | 26,339,774 | 32,093,412 | ||||||||||||
Plus: | Fixed charges: | ||||||||||||||||
Interest expense | 1,361,213 | 3,320,243 | 4,140,253 | 4,850,549 | 7,203,382 | ||||||||||||
Interest implicit in operating leases | 18,982 | 26,429 | 83,687 | 133,765 | 191,435 | ||||||||||||
Earnings under Mexican GAAP | 8,372,181 | 16,636,999 | 24,917,458 | 31,324,088 | 39,488,229 | ||||||||||||
Mexican GAAP: | |||||||||||||||||
Less: | Employee profit sharing | (227,904 | ) | (219,890 | ) | (269,491 | ) | (557,744 | ) | (4,781 | ) | ||||||
Plus: | U.S. GAAP: | ||||||||||||||||
Total U.S. GAAP adjustments, net | 504,237 | 1,514,279 | (526,716 | ) | (210,064 | ) | (91,386 | ) | |||||||||
Less: | Deferred income tax | (351,733 | ) | 656,512 | 1,487,755 | 56,050 | (29,967 | ) | |||||||||
Less: | Interest capitalized during the period | (466,068 | ) | (71,897 | ) | — | (630,020 | ) | (1,342,053 | ) | |||||||
Plus: | Minority interest | (243,528 | ) | (151,784 | ) | 382,434 | 365,167 | 68,543 | |||||||||
Plus: | Depreciation of capitalized interest | 106,164 | 161,316 | 162,990 | 155,320 | 249,687 | |||||||||||
U.S. GAAP adjustments without deferred income tax and capitalized interest | (450,928 | ) | 2,108,426 | 1,506,463 | (263,547 | ) | (1,145,176 | ) | |||||||||
Earnings under U.S. GAAP | 7,693,349 | 18,525,535 | 26,154,430 | 30,502,797 | 38,338,272 | ||||||||||||
Fixed charges: | |||||||||||||||||
Interest expense under U.S. GAAP | 914,127 | 3,274,775 | 4,223,940 | 4,354,294 | 6,052,764 | ||||||||||||
Plus: | Interest capitalized during the period | 466,068 | 71,897 | — | 630,020 | 1,342,053 | |||||||||||
Fixed charges under U.S. GAAP | 1,380,195 | 3,346,672 | 4,223,940 | 4,984,314 | 7,394,817 | ||||||||||||
Mexican GAAP | 6.1 | 5.0 | 5.9 | 6.3 | 5.3 | ||||||||||||
U.S. GAAP | 5.6 | 5.5 | 6.2 | 6.1 | 5.2 |
(1) | Constant pesos as of December 31, 2005. |