EXHIBIT 12
FORMICA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio data)
Three-months ended Nine-months ended
September 30, September 30,
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2001 2000 2001 2000
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Loss from continuing operations before income taxes per statement of
operations $(17.5) $(8.5) $(43.1) $(36.7)
Add:
Portion of rents representative of the interest factor 0.9 1.1 3.6 2.3
Interest on indebtedness and amortization of debt expense 15.7 14.4 42.1 36.5
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Income as adjusted (0.9) 7.0 2.6 2.1
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Fixed Charges:
Interest on indebtedness and amortization of debt expense (1) 15.7 14.4 42.1 36.5
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Capitalized interest (2) -- -- -- --
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Rents 2.7 3.3 10.8 6.9
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Portion of rents representative of the interest factor (3) 0.9 1.1 3.6 2.3
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Fixed Charges (1) + (2) + (3) $ 16.6 $15.5 $ 45.7 $ 38.8
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Ratio of earnings to fixed charges -- -- -- --
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