Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
Atlantic Tele-Network, Inc.
The following table sets forth the computation of the ratio of earnings to fixed charges for the periods presented (in thousands):
|
| Year Ended December 31, |
| Three Months Ended March 31, |
| ||||||||
|
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
|
Computation of Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income before minority interests and equity in earnings of equity investees |
| 25,598 |
| 23,022 |
| 29,707 |
| 32,950 |
| 35,675 |
| 11,185 |
|
Fixed Charges |
| 763 |
| 912 |
| 677 |
| 592 |
| 2,131 |
| 1,175 |
|
Distributed income from equity investees |
| 205 |
| 382 |
| 549 |
| 522 |
| 1,106 |
| 415 |
|
|
| 26,566 |
| 24,316 |
| 30,934 |
| 34,063 |
| 38,911 |
| 12,775 |
|
Subtract: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges |
| 5,989 |
| 4,773 |
| 6,395 |
| 7,727 |
| 7,306 |
| 2,097 |
|
Earnings |
| 20,577 |
| 19,543 |
| 24,538 |
| 26,337 |
| 31,605 |
| 10,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computation of Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized |
| 576 |
| 686 |
| 424 |
| 281 |
| 1,629 |
| 867 |
|
Estimate of interest within rental expense |
| 187 |
| 226 |
| 253 |
| 311 |
| 502 |
| 308 |
|
Fixed Charges |
| 763 |
| 912 |
| 677 |
| 592 |
| 2,131 |
| 1,175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges |
| 27.0 |
| 21.4 |
| 36.2 |
| 44.5 |
| 14.8 |
| 9.1 |
|
