Exhibit 12
GTECH Holdings Corporation and subsidiaries
Exhibit 12 - Computation of Ratio of Earnings
to Fixed Charges
Dollars in thousands
Nine months
ended Fiscal Year Ended
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November 24, February 24, February 26, February 27, February 28, February 22,
2001 2001 2000 1999 1998 1997
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Income before income taxes 92,525 70,735 155,977 150,954 44,613 131,869
Add:
Interest on indebtedness 18,475 27,165 29,032 27,405 30,311 20,812
Equity income (loss) net of distributions (588) 1,343 (376) (3,117) (8,632) (9,174)
Minority losses 139 2,039 4,528 484 - -
Portion of rents representative of the
interest 4,833 7,160 7,160 7,160 7,160 7,160
Amortization of capitalized interest 1,471 1,927 2,210 1,985 1,586 684
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Earnings 116,855 110,369 198,531 184,871 75,038 151,351
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Interest on indebtedness 18,475 27,165 29,032 27,405 30,311 20,812
Portion of rents representative of the
interest fact 4,833 7,160 7,160 7,160 7,160 7,160
Capitalized interest 1,052 1,077 - 1,983 4,348 4,224
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Fixed Charges 24,360 35,402 36,192 36,548 41,819 32,196
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Ratio of earnings to fixed charges 4.80 3.12 5.49 5.06 1,79 4.70