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, 2016 | September 30, 2017 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 2,937,578 | 2,552,978 | ||||||
Interest expense | 78,980,462 | 87,676,245 | ||||||
Amortization premiums related to indebtedness | (876,030 | ) | (2,160,423 | ) | ||||
Estimate of the interest within rental expense | 664,414 | 1,352,043 | ||||||
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Total Fixed Charges | 81,706,424 | 89,420,842 | ||||||
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Net (loss) income | (263,802,006 | ) | 18,908,022 | |||||
Income Tax and Others | 10,632,542 | 4,940,190 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (733,558 | ) | (112,068 | ) | ||||
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Pretax income from continuing operations before income from equity investees | (253,903,022 | ) | 23,736,144 | |||||
Fixed Charges: | 81,706,424 | 89,420,842 | ||||||
Amortization of interest capitalized | 117,503 | 102,119 | ||||||
Distributed income of investment shares | 128,051 | 171,451 | ||||||
Interest capitalized in fixed assets | (2,937,578 | ) | (2,552,978 | ) | ||||
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Earnings | (174,888,622 | ) | 110,877,579 | |||||
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Amount by which fixed charges exceed earnings | 256,595,046 | — | ||||||
Ratio of earnings to fixed charges | — | 1.24 | ||||||
