Exhibit 12
CELANESE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| | | | | | | | | | |
| Predecessor | | Successor | |||||||
| Three Months Ended March 31, 2004 | | Three Months Ended March 31, 2005 | |||||||
| (in $ millions except for ratio of earnings to combined fixed charges) | |||||||||
| Earnings: | | |||||||||
| Earnings from continuing operations before tax and minority interests | | 72 | | 23 | ||||||
| Less: | | |||||||||
| Equity in net earnings of affiliates | | (12 | ) | | (15 | ) | ||||
| Plus: | | |||||||||
| Income distributions from equity investments | | 15 | | 36 | ||||||
| Amortization of capitalized interest | | 2 | | 1 | ||||||
| Total fixed charges | | 16 | | 193 | ||||||
| Total earnings as defined before combined fixed charges | | 93 | | 238 | ||||||
| Fixed charges: | | |||||||||
| Interest expense | | 6 | | 176 | ||||||
| Capitalized interest | | 3 | | 1 | ||||||
| Estimated interest portion of rent expense | | 7 | | 6 | ||||||
| Cumulative undeclared preferred stock dividends | | — | | 2 | ||||||
| Guaranteed payment to minority shareholders | | — | | 8 | ||||||
| Total combined fixed charges | | 16 | | 193 | ||||||
| Ratio of earnings to combined fixed charges | | 5.8 | x | | 1.2 | x | ||||
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