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NTL INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)
| Year ended December 31, | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2004 | 2003 | 2002(1) | 2001 | ||||||
| Reorganized Company | Reorganized Company | Reorganized Company | Predecessor Company | Predecessor Company | ||||||
Fixed charges: | |||||||||||
Interest | £235.8 | £271.0 | £459.9 | £571.0 | £929.6 | ||||||
Interest portion of rental expense | 14.2 | 14.9 | 14.9 | 28.9 | 14.9 | ||||||
Fixed charges | £250.0 | £285.9 | £474.8 | £599.9 | £944.5 | ||||||
Earnings: | |||||||||||
Loss from continuing operations | £(221.9 | ) | £(504.4 | ) | £(606.6 | ) | £(1,617.4 | ) | £(7,882.6 | ) | |
Fixed charges | 250.0 | 285.9 | 474.8 | 599.9 | 944.5 | ||||||
Less: capitalized interest | — | — | (3.4 | ) | (30.8 | ) | (47.0 | ) | |||
£28.1 | £(218.5 | ) | £(135.2 | ) | £(1,048.3 | ) | £(6,985.1 | ) | |||
Ratio of earnings to fixed charges | |||||||||||
Deficiency | £(221.9 | ) | £(504.4 | ) | £(610.0 | ) | £(1,648.2 | ) | £(7,929.6 | ) |
The ratio of earnings to fixed charges and combined fixed charges and preferred stock dividends is not meaningful for the periods that result in a deficit.
- (1)
- In accordance with SOP-97, the Company discontinued accruing interest on certain of its debt. For the year ended December 31, 2002, contractual interest was £948.7 million, which was £429.4 million in excess of reported interest expense.
NTL INCORPORATED AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in millions)