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Exhibit 12.01
Quintiles Transnational Corporation
Computation of Ratio of Earnings to Fixed Charges
September January
26 - 1-
December September 2003
31, 2003 25, 2003 Combined 2002 2001 2000 1999
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SELECTED HISTORICAL DATA:
Earnings were calculated as follows:
Income (loss) before income taxes $ 3,395 $ 65,341 $ 68,736 $ 123,660 $(262,496) $ (51,005) $ 115,910
Add: Fixed charges (from below) $ 27,299 $ 20,154 $ 47,454 $ 25,279 $ 28,861 $ 31,351 $ 25,168
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Earnings $ 30,694 $ 85,495 $ 116,190 $ 148,939 $(233,635) $ (19,654) $ 141,078
Fixed Charges were calculated as follows:
Interest costs - expensed $ 20,652 $ 1,737 $ 22,389 $ 2,551 $ 3,172 $ 4,842 $ 11,233
Such portion of rental expense as
can be demonstrated to be
representative of the interest
factor $ 6,647 $ 18,417 $ 25,065 $ 22,728 $ 25,689 $ 26,509 $ 13,935
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Fixed charges $ 27,299 $ 20,154 $ 47,454 $ 25,279 $ 28,861 $ 31,351 $ 25,168
Ratio of Earnings to Fixed Charges 1.12 4.24 2.45 5.89 -- -- 5.61
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