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EXHIBIT 12
VENTURE HOLDINGS TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
YEARS ENDED DECEMBER 31,
1997 1996 1995 1994 1993
------ ------ ------ ------ ------
Net Earnings from continuing operations 11,523 1,999 4,142 7,445 14,188
Add back:
Taxes on Income 3,830 1,002 577 3,405 1,178
Fixed Charges 34,204 21,899 16,704 16,049 13,204
Amortization of previously capitalized interest 295 285 285 285 285
Deduct:
Capitalized interest 0 108 0 0 0
Earnings available for fixed charges 49,852 25,077 21,708 27,184 28,855
Fixed charges of Venture Holdings Trust:
Interest expense 30,182 19,248 15,032 14,345 11,158
Capitalized interest 0 108 0 0 0
Amortization of debt expense and debt discount 1,934 885 556 466 895
Interest portion of rent expense 2,088 1,658 1,116 1,238 1,151
------ ------ ------ ------ ------
34,204 21,899 16,704 16,049 13,204
Ratio of earnings to fixed charges 1.46 1.15 1.30 1.69 2.19
VENTURE HOLDINGS TRUST
VALUATION AND QUALIFYING ACCOUNTS
(THOUSANDS OF DOLLARS)
For the years ended December 31, 1997, 1996 and 1995
Column A Column B Column C additions Column D Column E
- -------- -------- -------- --------- -------- --------
Balance at Charged to Charged to Balance at
Allowance for Doubtful Accounts Beginning Costs and other accounts Deductions End of
For the year ended December 31, of year expenses described described Year
- ------------------------------- ------- -------- --------- --------- ----
1997 $2,781 $ 993 $0 $ (844) $2,930
1996 1,679 3,175 0 (2,073) 2,781
1995 1,826 522 0 (669) 1,679
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