Exhibit 12 - Computation of Ratio of Earnings to Fixed Charges
GTECH Holdings Corporation and subsidiaries
Dollars in thousands
Fiscal Year Ended
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February 23, February 24, February 26, February 27, February 28,
2002 2001 2000 1999 1998
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Income before income taxes 122,236 70,735 155,977 150,954 44,613
Add:
Interest on indebtedness 22,876 27,165 29,032 27,405 30,311
Equity income (loss) net of distributions 185 1,343 (376) (3,117) (8,632)
Minority losses 160 2,039 4,528 484 -
Portion of rents representative of the 6,444 7,160 7,160 7,160 7,160
interest factor Amortization of 1,699 1,927 2,210 1,985 1,586
capitalized interest ----------- ----------- ----------- ---------- -----------
Earnings 153,600 110,369 198,531 184,871 75,038
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Interest on indebtedness 22,876 27,165 29,032 27,405 30,311
Portion of rents representative of the
interest factor 6,444 7,160 7,160 7,160 7,160
Capitalized interest 1,250 1,077 - 1,983 4,348
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Fixed charges 30,570 35,402 36,192 36,548 41,819
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Ratio of earnings to fixed charges 5.02 3.12 5.49 5.06 1.79
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