Exhibit 12.1
NORTH AMERICAN VAN LINES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(Dollars in thousands)
Nine-Month
Three-Month Period from
Period from March 29, 1998
Year ended Year ended Year ended Year ended December 28, through
December 31, December 31, December 31, December 31, 1997 through December 26,
1994 1995 1996 1997 March 28, 1998 1998
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Income/(loss) from operations 22,115 18,402 28,067 31,163 (1,335) 11,567
Other income/(expense) -- -- -- -- 10 147
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22,115 18,402 28,067 31,163 (1,325) 11,714
Interest expense 5,606 2,268 1,768 602 -- 11,758
Interest component of
operating leases 3,166 2,946 3,306 4,115 1,352 4,149
------------ ------------ ------------ ------------ ------------- -------------
8,772 5,214 5,074 4,717 1,352 15,907
Ratio 2.52 3.53 5.53 6.61 * 0.74
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Six-Month
Three-Month Period from
Period from March 29, Nine Months
December 28, 1998 through Ended
1997 through September 26, September 25,
March 28, 1998 1998 1999
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Income/(loss) from operations (1,335) 11,010 2,898
Other income/(expense) 10 139 (7)
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(1,325) 11,149 2,891
Interest expense -- 8,069 12,395
Interest component of
operating leases 1,352 3,624 6,209
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1,352 11,713 18,604
Ratio * 0.95 0.16
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* For the three month period ended March 28, 1998, earnings were insufficient
to cover fixed charges by $2,677.
ALLIED
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(Pounds in millions)
Nine Months Nine Months
Year ended Year ended Year ended Ended Ended
September 30, September 30, September 30, June 30, June 30,
1996 1997 1998 1998 1999
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Income/(loss) from operations 18.7 21.3 26.1 13.7 13.8
Other income/(expense) -- -- -- -- --
------------ ------------- ------------- ------------ -----------
18.7 21.3 26.1 13.7 13.8
Interest expense 0.7 2.2 -- -- 0.3
Interest component of
operating leases 3.5 3.2 3.5 2.6 3.3
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4.2 5.4 3.5 2.6 3.6
Ratio 4.45 3.94 7.46 5.22 3.83
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