EXHIBIT 12.1
Statement re Computation of Ratios
Nine months ended | Year ended | ||||||||||||||||||||||||||||
IFRS (in millions of euros) | September-30 2009 | September-30 2008 | Dec-31 2008 | Dec-31 2007 | Dec-31 2006 | Dec-31 2005 | Dec-31 2004 | ||||||||||||||||||||||
Fixed Charges(1) | 79.6 | 67.1 | 93.0 | 121.7 | 31.8 | 45.8 | 30.0 | ||||||||||||||||||||||
Pre-tax income from continuing before income (loss) from equity investees | 36.7 | 335.3 | 445.3 | 374.8 | 231.8 | 6.8 | -4.8 | ||||||||||||||||||||||
Excluding variance on derivative | 23.0 | 11.5 | 23.5 | ||||||||||||||||||||||||||
Fixed Charges | 79.6 | 67.1 | 93.0 | 121.7 | 31.8 | 45.8 | 30.0 | ||||||||||||||||||||||
Amortization of capitalized interest | |||||||||||||||||||||||||||||
Distribued income to investees | |||||||||||||||||||||||||||||
Share pre-tax losses | |||||||||||||||||||||||||||||
Earnings | 116.3 | 402.4 | 538.3 | 496.5 | 286.6 | 64.1 | 48.7 | ||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.5 | 6.0 | 5.8 | 4.1 | 9.0 | 1.4 | 1.6 | ||||||||||||||||||||||
Note:
(1) “Fixed Charges” corresponds to the line item “Expenses related to financial debt” in our consolidated statement of operations.