. . . EXHIBIT 12.1 ROGERS CABLE INC. COMPUTATION OF DEFICIENCY OF EARNINGS AVAILABLE TO COVER FIXED CHARGES CANADIAN GAAP Years ended December 31, 1999 2000 2001 2002 2003 ------------ ------------ ------------ ------------ ------------ (in thousands) Fixed charges Interest expense $ 292,993 $ 192,025 $ 174,626 $ 213,332 $ 240,670 Amortization of deferred financing costs 4,978 4,357 6,009 8,464 5,464 Interest expense included in rent expense 18,092 19,301 21,415 23,230 23,767 ------------ ------------ ------------ ------------ ------------ $ 316,063 $ 215,683 $ 202,050 $ 245,026 $ 269,901 ============ ============ ============ ============ ============ Earnings Pre tax loss $ (80,511) $ (47,867) $ (141,391) $ (205,217) $ (47,302) Fixed charges 316,063 215,683 202,050 245,026 269,901 ------------ ------------ ------------ ------------ ------------ $ 235,552 $ 167,816 $ 60,659 $ 39,809 $ 222,599 ============ ============ ============ ============ ============ Deficiency of earnings available to cover fixed charges $ 80,511 $ 47,867 $ 141,391 $ 205,217 $ 47,302 ============ ============ ============ ============ ============ US GAAP Years ended December 31, 1999 2000 2001 2002 2003 ------------ ------------ ------------ ------------ ------------ (in thousands) Fixed charges Interest expense $ 292,993 $ 188,201 $ 172,297 $ 206,616 $ 236,161 Capitalized interest - 3,824 2,329 6,716 4,509 Amortization of deferred financing costs 4,978 4,357 6,009 8,464 5,464 Interest expense in rent expense 18,092 19,301 21,415 23,230 23,767 ------------ ------------ ------------ ------------ ------------ $ 316,063 $ 215,683 $ 202,050 $ 245,026 $ 269,901 ============ ============ ============ ============ ============ Earnings Pre tax loss $ (107,314) $ (5,253) $ (106,136) $ (150,999) $ (154,387) Fixed charges 316,063 215,683 202,050 245,026 269,901 Amortization of capitalized interest - - 498 1,449 1,265 Capitalized interest - (3,824) (2,329) (6,716) (4,509) ------------ ------------ ------------ ------------ ------------ $ 208,749 $ 206,606 $ 94,083 $ 88,760 $ 112,270 ============ ============ ============ ============ ============ Deficiency of earnings available to cover fixed charges $ 107,314 $ 9,077 $ 107,967 $ 156,266 $ 157,631 ============ ============ ============ ============ ============