Exhibit 12.1
RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
Detail Calculation in accordance with Reg S-K Item 503(d)
Nine Months ended September 30, | Year Ended December 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) before income taxes and noncontrolling interests | $ | 10,613,846 | 15,338,593 | 12,587,522 | 9,747,869 | 5,499,567 | 5,341,049 | |||||||||||||||||
Fixed charges (see below) | 13,736 | 182,385 | 148,813 | 783,794 | 515,347 | 285,560 | ||||||||||||||||||
Interest capitalized | - | - | - | - | - | - | ||||||||||||||||||
Total earnings for computation of ratio | $ | 10,627,582 | 15,520,978 | 12,736,335 | 10,531,663 | 6,014,914 | 5,626,609 | |||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expenses | $ | 13,736 | 182,385 | 148,813 | 783,794 | 515,347 | 285,560 | |||||||||||||||||
Interest capitalized | - | - | - | - | - | - | ||||||||||||||||||
Finance charges from early retirement benefits cost | - | - | - | - | - | - | ||||||||||||||||||
Bills discounting charges | - | - | - | - | - | - | ||||||||||||||||||
Estimated interest portion of rental expense | - | - | - | - | - | - | ||||||||||||||||||
Total fixed charges | $ | 13,736 | 182,385 | 148,813 | 783,794 | 515,347 | 285,560 | |||||||||||||||||
Earnings to fixed charges | 773.7 | 85.1 | 85.6 | 13.4 | 11.7 | 19.7 |
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