Exhibit 12.2
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
(In thousands of Mexican pesos)
| June 30, 2016 | June 30, 2017 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 2,094,222 | 1,890,312 | ||||||
Interest expense | 54,056,779 | 57,029,082 | ||||||
Amortization premiums related to indebtedness | (1,362,242 | ) | (1,915,681 | ) | ||||
Estimate of the interest within rental expense | 302,208 | 929,266 | ||||||
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Total Fixed Charges | 55,090,967 | 57,932,979 | ||||||
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Net income (loss) | (145,478,673 | ) | 120,715,749 | |||||
Income Tax and Others | 5,078,873 | 6,853,632 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | 711,162 | (874,954 | ) | |||||
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Pretax income from continuing operations before income from equity investees | (139,688,638 | ) | 126,694,427 | |||||
Fixed Charges: | 55,090,967 | 57,932,979 | ||||||
Amortization of interest capitalized | 83,769 | 75,612 | ||||||
Distributed income of investment shares | 128,051 | 193,731 | ||||||
Interest capitalized in fixed assets | (2,094,222 | ) | (1,890,312 | ) | ||||
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Earnings | (86,480,073 | ) | 183,006,437 | |||||
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Amount by which fixed charges exceed earnings | 141,571,040 | (125,073,459 | ) | |||||
Ratio of earnings to fixed charges | (1.57 | ) | 3.16 | |||||
