Computation of Ratio of Earnings to Fixed Charges
Virgin River Casino Corporation
| | Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||||||
| | (dollars in thousands) | ||||||||||||||||||||
| Income before minority interest | $ | 8,768 | $ | (1,692 | ) | $ | (1,201 | ) | $ | 2,109 | $ | 2,675 | $ | 3,827 | $ | 557 | |||||
| Change in value of swap | — | — | — | — | — | — | — | ||||||||||||||
| Interest expense | 4,432 | 5,567 | 8,520 | 7,877 | 7,583 | 1,805 | 4,264 | ||||||||||||||
| Interest portion of rent expense | 171 | 206 | 239 | 255 | 246 | 56 | 55 | ||||||||||||||
| Earnings | $ | 13,371 | $ | 4,081 | $ | 7,558 | $ | 10,241 | $ | 10,504 | $ | 5,688 | $ | 4,876 | |||||||
| Interest expense | 4,432 | 5,567 | 8,520 | 7,877 | 7,583 | 1,805 | 4,264 | ||||||||||||||
| Interest portion of rent expense | 171 | 206 | 239 | 255 | 246 | 56 | 55 | ||||||||||||||
| Fixed charges | 4,603 | 5,773 | 8,759 | 8,132 | 7,829 | 1,861 | 4,319 | ||||||||||||||
| Ratio of earnings to fixed charges | 2.9 | — | — | 1.3 | 1.3 | 3.1 | 1.1 | ||||||||||||||
| Insufficient | — | 1,692 | 1,201 | — | — | — | — | ||||||||||||||
RBG, LLC
| | Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||||||
| | (dollars in thousands) | ||||||||||||||||||||
| Income before minority interest | $ | 5,535 | $ | (4,390 | ) | $ | (5,148 | ) | $ | (1,875 | ) | $ | (101 | ) | $ | 2,209 | $ | 3,009 | |||
| Change in value of swap | — | — | — | — | — | — | — | ||||||||||||||
| Interest expense | 2,704 | 3,837 | 7,270 | 6,566 | 5,944 | 1,512 | 345 | ||||||||||||||
| Interest portion of rent expense | 171 | 206 | 239 | 255 | 246 | 56 | 55 | ||||||||||||||
| Earnings | $ | 8,410 | $ | (347 | ) | $ | 2,361 | $ | 4,946 | $ | 6,089 | $ | 3,777 | $ | 3,409 | ||||||
| Interest expense | 2,704 | 3,837 | 7,270 | 6,566 | 5,944 | 1,512 | 345 | ||||||||||||||
| Interest portion of rent expense | 171 | 206 | 239 | 255 | 246 | 56 | 55 | ||||||||||||||
| Fixed charges | 2,875 | 4,043 | 7,509 | 6,821 | 6,190 | 1,568 | 400 | ||||||||||||||
| Ratio of earnings to fixed charges | 2.9 | — | — | — | — | 2.4 | 8.5 | ||||||||||||||
| Insufficient | — | 4,390 | 5,148 | 1,875 | 101 | — | — | ||||||||||||||
B & B B, Inc.
| | Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||||||
| | (dollars in thousands) | ||||||||||||||||||||
| Income before minority interest | $ | 4,716 | $ | 3,947 | $ | 2,279 | $ | (31 | ) | $ | 1,840 | $ | 846 | $ | 461 | ||||||
| Change in value of swap | — | — | — | — | — | — | — | ||||||||||||||
| Interest expense | 3 | 16 | (20 | ) | (24 | ) | (2 | ) | (5 | ) | 560 | ||||||||||
| Interest portion of rent expense | 20 | 20 | 36 | 45 | 38 | 9 | 10 | ||||||||||||||
| Earnings | $ | 4,739 | $ | 3,983 | $ | 2,295 | $ | (10 | ) | $ | 1,876 | $ | 850 | $ | 1,031 | ||||||
| Change in value swap | — | — | — | — | — | — | — | ||||||||||||||
| Amortization of deferred financing costs | — | — | — | — | — | — | — | ||||||||||||||
| Interest expense | 3 | 16 | (20 | ) | (24 | ) | (2 | ) | (5 | ) | 560 | ||||||||||
| Interest portion of rent expense | 20 | 20 | 36 | 45 | 38 | 9 | 10 | ||||||||||||||
| Fixed charges | 23 | 36 | 16 | 21 | 36 | 4 | 570 | ||||||||||||||
| Ratio of earnings to fixed charges | 206.0 | 110.6 | 143.4 | — | 52.1 | 212.5 | 1.8 | ||||||||||||||
| Insufficient | — | — | — | 31 | — | — | — | ||||||||||||||
