Exhibit 12.2
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
(In thousands of Mexican pesos)
| March, 31, 2017 | March 31, 2018 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 1,525,215 | 473,479 | ||||||
Interest expense | 30,702,314 | 36,541,035 | ||||||
Amortization premiums related to indebtedness | (1,745,126 | ) | (2,598,077 | ) | ||||
Estimate of the interest within rental expense | 486,719 | 442,415 | ||||||
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Total Fixed Charges | 30,969,122 | 34,858,852 | ||||||
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Net income (loss) | 87,935,293 | 113,312,111 | ||||||
Income Tax and Others | 2,486,092 | 787,868 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (241,527 | ) | (285,187 | ) | ||||
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Pretax income from continuing operations before income from equity investees | 90,179,858 | 113,814,792 | ||||||
Fixed Charges: | 30,969,122 | 34,858,852 | ||||||
Amortization of interest capitalized | 61,009 | 18,939 | ||||||
Interest capitalized in fixed assets | (1,525,215 | ) | (473,479 | ) | ||||
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Earnings | 119,684,774 | 148,219,104 | ||||||
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Ratio of earnings to fixed charges | 3.86 | 4.25 | ||||||
