Exhibit 12.1
Domtar Corporation
Computation of ratio of earnings to fixed charges
(In millions of dollars, unless otherwise noted)
Three months ended | Nine months ended | |||||||||||||||
September 30, 2012 | September 30, 2011 | September 30, 2012 | September 30, 2011 | |||||||||||||
$ | $ | $ | $ | |||||||||||||
Available earnings: | ||||||||||||||||
Earnings before income taxes | 89 | 162 | 215 | 426 | ||||||||||||
Add fixed charges: | ||||||||||||||||
Interest expense incurred | 20 | 20 | 57 | 58 | ||||||||||||
Amortization of debt expense and discount | 1 | 5 | 7 | 9 | ||||||||||||
Interest portion of rental expense | 2 | 2 | 6 | 6 | ||||||||||||
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Total earnings as defined | 112 | 189 | 285 | 499 | ||||||||||||
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Fixed charges: | ||||||||||||||||
Interest expense incurred | 20 | 20 | 57 | 58 | ||||||||||||
Amortization of debt expense and discount | 1 | 5 | 7 | 9 | ||||||||||||
Interest portion of rental expense | 2 | 2 | 6 | 6 | ||||||||||||
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Total fixed charges | 23 | 27 | 70 | 73 | ||||||||||||
Ratio of earnings to fixed charges | 4.9 | 7.0 | 4.1 | 6.8 | ||||||||||||
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