Exhibit 12.2
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
(In thousands of Mexican pesos)
March 2015 | March 2014 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 1,647,838 | 882,872 | ||||||
Interest expense | 33,624,115 | 13,088,132 | ||||||
Amortization premiums related to indebtedness | (828,889 | ) | (813,770 | ) | ||||
Estimate of the interest within rental expense | 60,239 | 62,274 | ||||||
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Total Fixed Charges | 34,503,303 | 13,219,507 | ||||||
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Net (loss) | (100,546,286 | ) | (35,953,423 | ) | ||||
Hydrocarbon Income Tax (IRP) | — | 2,056,368 | ||||||
Income tax and others | 1,950,098 | 371,235 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (39,299 | ) | (1,135,183 | ) | ||||
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Pretax income from continuing operations before income from equity investees | (98,635,487 | ) | (34,661,003 | ) | ||||
Fixed Charges: | 34,503,303 | 13,219,507 | ||||||
Amortization of interest capitalized | 65,914 | 35,315 | ||||||
Distributed income of equity investees | — | — | ||||||
Interest capitalized in fixed assets | (1,647,838 | ) | (882,872 | ) | ||||
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Earnings | (65,714,108 | ) | (22,289,053 | ) | ||||
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Amount by which fixed charges exceed earnings | 100,217,411 | 35,508,560 | ||||||
Ratio of earnings to fixed charges | — | — |