. . . EXHIBIT 12.1 GTECH HOLDINGS CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) Six Months Ended ----------------------- August 27, August 28, 2005 2004 ---------- ---------- (Dollars in thousands) Earnings: Income before income taxes $ 162,180 $ 169,358 Add: Interest on indebtedness 15,270 8,055 Equity income, net of distributions 205 908 Minority losses 1,264 1,518 Portion of rents representative of the interest factor 629 657 Amortization of capitalized interest 397 335 ---------- ---------- Earnings available for fixed charges $ 179,945 $ 180,831 ========== ========== Fixed charges: Interest on indebtedness 15,270 8,055 Portion of rents representative of the interest factor 629 657 Capitalized interest -- 320 ---------- ---------- Total fixed charges $ 15,899 $ 9,032 ========== ========== Ratio of earnings to fixed charges 11.32 20.02 ========== ==========