Exhibit 12.2
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
(In thousands of Mexican pesos)
| September 30, 2015 | September 30, 2014 | |||||||
| IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 4,328,772 | 2,871,889 | ||||||
Interest expense | 74,572,168 | 46,357,527 | ||||||
Amortization premiums related to indebtedness | (2,100,571 | ) | 121,631 | |||||
Estimate of the interest within rental expense | 332,720 | 178,691 | ||||||
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Total Fixed Charges | 77,133,089 | 49,529,738 | ||||||
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Net (loss) | (352,810,246 | ) | (147,966,387 | ) | ||||
Hydrocarbon Income Tax (IRP) | — | 2,927,770 | ||||||
Income tax and others | 9,823,396 | 2,043,709 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (2,156,071 | ) | (1,094,929 | ) | ||||
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Pretax income from continuing operations before income from equity investees | (345,142,921 | ) | (144,899,837 | ) | ||||
Fixed Charges: | 77,133,089 | 49,529,738 | ||||||
Amortization of interest capitalized | 173,151 | 114,876 | ||||||
Distributed income of equity investees | 171,451 | 504,396 | ||||||
Interest capitalized in fixed assets | (4,328,772 | ) | (2,871,889 | ) | ||||
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Earnings | (271,994,002 | ) | (97,622,716 | ) | ||||
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Amount by which fixed charges exceed earnings | 349,127,091 | 147,152,454 | ||||||
Ratio of earnings to fixed charges | — | — | ||||||