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EXHIBIT 12.1
GTECH HOLDINGS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Nine Months Ended
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November 27, November 22,
2004 2003
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(Dollars in thousands)
Earnings:
Income before income taxes $ 237,803 $ 214,871
Add:
Interest on indebtedness 11,743 6,997
Equity in earnings of unconsolidated affiliates, net of dividends received 1,071 (263)
Minority losses 2,178 3,540
Portion of rents representative of the interest factor 986 4,833
Amortization of capitalized interest 502 540
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Adjusted earnings $ 254,283 $ 230,518
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Fixed charges:
Interest on indebtedness 11,743 6,997
Portion of rents representative of the interest factor 986 4,833
Capitalized interest 650 1,376
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Total fixed charges $ 13,379 $ 13,206
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Ratio of earnings to fixed charges 19.01 17.46
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