Exhibit 12.2
PETRÓLEOS MEXICANOS, SUBSIDIARY ENTITIES AND SUBSIDIARY COMPANIES
Computation of ratio of earnings to fixed charges
for the six month periods ended June 30, 2015 and 2016
(In thousands of Mexican pesos)
| June 30, 2015 | June 30, 2016 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 3,042,548 | 2,094,222 | ||||||
Interest expense | 51,431,290 | 54,056,779 | ||||||
Amortization premiums related to indebtedness | (2,095,916 | ) | (1,362,242 | ) | ||||
Estimate of the interest within rental expense | 213,417 | 302,208 | ||||||
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Total Fixed Charges | 52,591,069 | 55,090,967 | ||||||
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Net income (loss) | (185,176,356 | ) | (145,478,673 | ) | ||||
Hydrocarbon Income Tax (IRP) | — | — | ||||||
Income Tax and Others | 5,338,871 | 5,078,873 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (1,207,444 | ) | (711,162 | ) | ||||
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Pretax income from continuing operations before income from equity investees | (181,044,929 | ) | (139,688,638 | ) | ||||
Fixed Charges: | 52,591,069 | 55,090,967 | ||||||
Amortization of interest capitalized | 121,702 | 83,769 | ||||||
Distributed income of investment shares | 171,451 | 128,051 | ||||||
Interest capitalized in fixed assets | (3,042,548 | ) | (2,094,222 | ) | ||||
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Earnings | (131,203,255 | ) | (86,480,073 | ) | ||||
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Amount by which fixed charges exceed earnings | 183,794,324 | 141,571,040 | ||||||
Ratio of earnings to fixed charges | — | — | ||||||
