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EXHIBIT 12.1
ROGERS CABLE INC.
COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES
(in thousands of Canadian dollars)
CANADIAN GAAP
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Three months ended
Year ended December 31, March 31,
1998 1999 2000 2001 2002 2002 2003
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Fixed charges
Interest expense 300,547 292,993 192,025 174,626 213,332 43,403 58,536
Amortization of deferred financing costs 6,966 4,978 4,357 6,009 8,464 4,652 1,264
Interest expense included in rent expense 22,088 18,092 19,301 21,415 23,230 5,733 5,852
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329,601 316,063 215,683 202,050 245,026 53,788 65,652
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Earnings
Pre tax income (loss) (27,481) (80,511) (47,867) (141,391) (205,217) (38,413) (10,109)
Fixed charges 329,601 316,063 215,683 202,050 245,026 53,788 65,652
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302,120 235,552 167,816 60,659 39,809 15,375 55,543
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Ratio of earnings to fixed charges -- -- -- -- -- -- --
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Deficiency of earnings to fixed charges 27,481 80,511 47,867 141,391 205,217 38,413 10,109
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US GAAP
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Year ended December 31,
1998 1999 2000 2001 2002
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Fixed charges
Interest expense 300,547 292,993 188,201 172,297 206,616
Capitalized interest -- -- 3,824 2,329 6,716
Amortization of deferred financing costs 6,966 4,978 4,357 6,009 8,464
Interest expense included in rent expense 22,088 18,092 19,301 21,415 23,230
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329,601 316,063 215,683 202,050 245,026
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Earnings
Pre tax income (loss) (42,038) (107,314) (5,253) (106,136) (150,999)
Fixed charges 329,601 316,063 215,683 202,050 245,026
Amortization of capitalized interest -- -- -- 498 1,449
Capitalized interest -- -- (3,824) (2,329) (6,716)
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287,563 208,749 206,606 94,083 88,760
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Ratio of earnings to fixed charges -- -- -- -- --
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Deficiency of earnings to fixed charges 42,038 107,314 9,077 107,967 156,266
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