Exhibit 99.1
AES CHINA GENERATING CO. LTD.
STATEMENT RE: COMPUTATION OF FIXED CHARGE COVERAGE RATIO
(in thousands except ratio amounts)
Fiscal period ended
November 30,
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1996 1995 1994
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Adjusted Cash Flow
(A) Cash Inflow:
(i) Dividend, distribution, payment of interest and scheduled
repayment of loan received by the Company and its Wholly
Owned Subsidiaries from the Project Companies $ 2,420 $ - $ -
(ii) 50% of the combined interest income of the Company and its
Wholly Owned Subsidiaries from cash, cash equivalents and
investments in marketable securities 2,751 5,090 3,298
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5,171 5,090 3,298
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(B) Cash Outflow:
(i) Selling, general and administrative expenses of the Company
and its Wholly Owned Subsidiaries 994 1,779 1,250
(ii) Company Designated Costs 10,312 9,880 6,403
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11,306 11,659 7,653
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$(6,135) $(6,569) $(4,355)
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Adjusted Interest Expense - - -
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Fixed Charge Coverage Ratio - - -
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