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EXHIBIT 12.1
DEL MONTE FOODS COMPANY AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF EARNINGS TO FIXED CHARGES
FISCAL YEAR
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2003 2002 2001 2000
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(IN MILLIONS, EXCEPT RATIO)
Earnings:
Consolidated pre-tax income (loss) $201.1 $261.9 $(29.3) 216.4
Interest expense 45.3 -- -- --
Interest portion of rent expense(a) 15.7 4.1 1.7 3.2
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Earnings (loss) $262.1 $266.0 $(27.6) $219.6
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FIXED CHARGES:
Interest expense $ 45.3 -- -- --
Interest portion of rent expense(a) 15.7 4.1 1.7 3.2
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Fixed charges $ 61.0 $ 4.1 $ 1.7 $ 3.2
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FIXED CHARGE RATIO:
Ratio of earnings to fixed charges 4.3x 64.9x n/a 68.6x
Deficiency of earnings to
cover fixed charges $ -- $ -- $ 29.3 $ --
(a) Interest portion of rent expense is assumed equal to 33% of operating lease
and rental expense for the period.