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, 2015 | March 31, 2016 | |||||||
IFRS | ||||||||
Fixed Charges: | ||||||||
Interest capitalized in fixed assets | 1,647,838 | 1,220,654 | ||||||
Interest expense | 33,624,115 | 20,220,098 | ||||||
Amortization premiums related to indebtedness | (828,889) | (1,235,913) | ||||||
Estimate of the interest within rental expense | 60,239 | 122,221 | ||||||
|
|
|
| |||||
Total Fixed Charges | 34,503,303 | 20,327,060 | ||||||
|
|
|
| |||||
Net income (loss) | (100,546,286) | (62,012,514) | ||||||
Hydrocarbon Income Tax (IRP) | — | — | ||||||
Income Tax and Others | 1,950,098 | 341,210 | ||||||
Profit sharing in subsidiaries and affiliates (income from equity investees) | (39,299) | 215,050 | ||||||
|
|
|
| |||||
Pretax income from continuing operations before income from equity investees | (98,635,487) | (61,456,254) | ||||||
Fixed Charges: | 34,503,303 | 20,327,060 | ||||||
Amortization of interest capitalized | 65,914 | 48,826 | ||||||
Distributed income of investment shares | — | — | ||||||
Interest capitalized in fixed assets | (1,647,838) | (1,220,654) | ||||||
|
|
|
| |||||
Earnings | (65,714,108) | (42,301,022) | ||||||
|
|
|
| |||||
Amount by which fixed charges exceed earnings | 100,217,411 | 62,628,082 | ||||||
Ratio of earnings to fixed charges | — | — |