EXHIBIT 12.1
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BMB MUNAI INC | |||||||||||||
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES | |||||||||||||
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| Three months ended |
| Nine months ended December 31, | ||||||
| 2007 |
| 2006 |
| 2007 |
| 2006 | ||||||
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Earnings/(loss): |
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Income / (loss) before income taxes | $ 9,986,062 |
| $ (90,861) |
| $ 22,746,163 |
| $ (2,039,757) | ||||||
Add: Fixed charges | 1,134,299 |
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| 2,091,421 |
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Add: Amortisation of capitalized interest | 4,769 |
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| 13,459 |
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Less: Interest capitalized |
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Total earnings/(loss) | 9,860,831 |
| (90,861) |
| 22,759,622 |
| (2,039,757) | ||||||
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Fixed charges: |
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Interest expensed and capitalized | 750,000 |
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| 1,319,667 |
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Amortized premiums, discounts, & bond costs | 384,299 |
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| 699,754 |
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Total fixed charges | 1,134,299 |
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| 2,091,421 |
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Ration of earnings to fixed charges | 8.69 |
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| 10.88 |
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