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Nortel Networks Corp – ‘10-K’ for 12/31/06 – ‘EX-12’

On:  Friday, 3/16/07, at 4:15pm ET   ·   For:  12/31/06   ·   Accession #:  909567-7-413   ·   File #:  1-07260

Previous ‘10-K’:  ‘10-K/A’ on 5/1/06 for 12/31/05   ·   Next:  ‘10-K’ on 2/27/08 for 12/31/07   ·   Latest:  ‘10-K’ on 3/8/12 for 12/31/11   ·   2 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/16/07  Nortel Networks Corp              10-K       12/31/06   15:4.7M                                   Bowne - Bot/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.83M 
 2: EX-3.3      Articles of Incorporation/Organization or By-Laws   HTML     22K 
 3: EX-10.87    Material Contract                                   HTML     93K 
 4: EX-10.88    Material Contract                                   HTML     17K 
 5: EX-10.89    Material Contract                                   HTML    272K 
 6: EX-10.90    Material Contract                                   HTML     79K 
 8: EX-14       Code of Ethics                                      HTML    202K 
10: EX-21       Subsidiaries                                        HTML     32K 
11: EX-23       Consent of Experts or Counsel                       HTML     23K 
12: EX-24       Power of Attorney                                   HTML     13K 
 7: EX-12       Statement re: Computation of Ratios                 HTML     24K 
 9: EX-16       Letter re: Change in Certifying Accountant          HTML      8K 
13: EX-31.1     Certification -- Sarbanes-Oxley Act - Sect. 302     HTML     15K 
14: EX-31.2     Certification -- Sarbanes-Oxley Act - Sect. 302     HTML     15K 
15: EX-32       Certification -- Sarbanes-Oxley Act - Sect. 906     HTML     10K 


EX-12   —   Statement re: Computation of Ratios


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  exv12  

 

Exhibit 12
NORTEL NETWORKS CORPORATION
Computation of Ratio of Earnings from Continuing Operations to Fixed Charges
 C:  C:  C:  C: 
                                         
 
    Years ended December 31,  
(millions of U.S. dollars)   2006     2005     2004     2003     2002  
    As restated     As restated     As restated     As restated     As restated  
 
 
                                       
Earnings (loss) from continuing operations before income taxes as reported in the consolidated statements of operations
    79       (2,692 )     (316 )     32       (3,430 )
 
                                       
Add:
                                       
Minority interest
    59       39       33       48       (10 )
Equity in net loss of associated companies
    3       (3 )           36       17  
 
Earnings (loss) from continuing operations before minority interest, equity in net loss of associated companies and income taxes
    141       (2,656 )     (283 )     116       (3,423 )
 
 
                                       
Add:
                                       
Fixed charges
    414       286       270       297       433  
Amortization of capitalized interest
                      (2 )     (2 )
Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges
                             
Distributed income from equity investees
                             
 
                                       
Subtract:
                                       
Interest capitalized
                            4  
Preference security dividend requirements of consolidated subsidiaries without fixed charges
                             
Minority interest in pre-tax of subsidiaries without fixed charges
    (59 )     (39 )     (33 )     (48 )     10  
 
Income (loss) as adjusted
    496       (2,410 )     (46 )     363       (2,978 )
 
 
                                       
Fixed charges:
                                       
Interest expense
                                       
— Long-term debt
    272       209       192       178       220  
— Other
    68       10       10       28       52  
 
                                       
Interest expense of finance subsidiaries
                             
Interest expense of unconsolidated subs
                             
1/3 of rental expense on operating leases deemed to be representative of interest expense
    66       58       60       87       156  
Preference security dividend requirements of consolidated subsidiaries
                             
Amortized premiums, discounts and capitalized expenses related to indebtedness
    8       9       8       4       1  
 
 
    414       286       270       297       429  
 
 
                                       
 
Ratio of earnings from continuing operations to fixed charges
    1.2       *       *       1.2       *  
 
*   The earnings of Nortel Networks Corporation were inadequate to cover fixed charges for the years ended December 31, 2005, 2004 and 2002 by $2,695, $316 and $3,407 respectively.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/16/078-K,  DEF 14A,  DEFA14A
For Period End:12/31/0611-K,  NT 10-K
12/31/0510-K,  10-K/A,  11-K
12/31/0410-K,  4
12/31/0210-K,  10-K/A,  11-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/20/07  SEC                               UPLOAD9/18/17    1:2K   Nortel Networks Corp.
 9/27/07  SEC                               UPLOAD9/18/17    1:8K   Nortel Networks Corp.
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Filing Submission 0000909567-07-000413   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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