SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Bunge Limited Finance Corp, et al. – ‘F-4’ on 5/2/03 – EX-12.1

On:  Friday, 5/2/03, at 9:58pm ET   ·   As of:  5/5/03   ·   Accession #:  1047469-3-16554   ·   File #s:  333-104975, -01

Previous ‘F-4’:  None   ·   Next:  ‘F-4/A’ on 5/23/03   ·   Latest:  ‘F-4/A’ on 4/7/04   ·   1 Reference:  By:  Bunge Ltd. – ‘S-3ASR’ on 4/27/22

Find Words in Filings emoji
 
  in    Show  and   Hints

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

 5/05/03  Bunge Limited Finance Corp        F-4         5/02/03   19:2.9M                                   Merrill Corp/New/FA
          Bunge Ltd

Registration Statement of a Foreign Private Issuer for Securities Issued in a Business-Combination Transaction   —   Form F-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-4         Registration Statement of a Foreign Private Issuer  HTML    346K 
                          for Securities Issued in a                             
                          Business-Combination Transaction                       
 2: EX-3.3      Articles of Incorporation/Organization or By-Laws   HTML     46K 
 3: EX-3.4      Articles of Incorporation/Organization or By-Laws   HTML     67K 
 4: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    602K 
 5: EX-4.2      Instrument Defining the Rights of Security Holders  HTML     64K 
 6: EX-4.3      Instrument Defining the Rights of Security Holders  HTML    110K 
 7: EX-5.1      Opinion re: Legality                                HTML     21K 
 8: EX-5.2      Opinion re: Legality                                HTML     17K 
 9: EX-8.1      Opinion re: Tax Matters                             HTML     15K 
10: EX-8.2      Opinion re: Tax Matters                             HTML     14K 
11: EX-10.1     Material Contract                                   HTML    152K 
12: EX-10.2     Material Contract                                   HTML    181K 
13: EX-10.3     Material Contract                                   HTML    471K 
14: EX-12.1     Statement re: Computation of Ratios                 HTML     49K 
15: EX-23.1     Consent of Experts or Counsel                       HTML     11K 
16: EX-23.2     Consent of Experts or Counsel                       HTML     12K 
17: EX-25       Statement re: Eligibility of Trustee                HTML     29K 
18: EX-99.1     Miscellaneous Exhibit                               HTML    143K 
19: EX-99.2     Miscellaneous Exhibit                               HTML     34K 


EX-12.1   —   Statement re: Computation of Ratios


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




 

Exhibit 12.1

Statement Regarding Computation of Ratios of Earnings to Fixed Charges

 

 

As of and for the Year ended December 31,

 

 

 

2002

 

2001

 

2000

 

1999

 

1998

 

 

 

(US$ in millions except ratios)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before minority interests

 

484

 

264

 

71

 

(16

)

176

 

plus: 

Fixed charges

 

210

 

267

 

273

 

224

 

203

 

 

Amortization of capitalized interest

 

6

 

5

 

4

 

3

 

3

 

 

Distributed income of equity investees

 

 

 

 

 

 

 

Share of pre-tax losses of equity investees

 

 

 

 

 

 

less: 

Capitalized interest

 

(6

)

(15

)

(5

)

(6

)

(16

)

 

Preferred stock dividends

 

(5

)

(10

)

 

 

 

 

Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges

 

 

 

 

 

 

Earnings:

 

689

 

511

 

342

 

205

 

366

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

6

 

15

 

5

 

6

 

16

 

Expensed interest

 

177

 

225

 

254

 

206

 

180

 

plus: 

Amortized premiums, discounts and capitalized debt expenditures

 

4

 

1

 

1

 

1

 

1

 

 

Estimate of interest within rental expense

 

18

 

16

 

13

 

11

 

6

 

 

Preferred stock dividends

 

5

 

10

 

 

 

 

Fixed charges:

 

210

 

267

 

273

 

224

 

203

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings/Fixed Charges(1)

 

3.28

 

1.91

 

1.26

 

0.92

(2)

1.80

 


(1)   For the purpose of determining the Ratio of Earnings to Fixed Charges, earnings are defined as income before taxes plus fixed charges and amortization of capitalized interest less capitalized interest and preferred stock dividend requirements.  Fixed charges consist of interest expense (capitalized and expensed), amortization of deferred debt issuance costs, portion of rental expense that is representative of the interest factor and preferred stock dividend requirements of majority-owned subsidiaries.

(2)   Earnings were inadequate to cover fixed charges by $19 million.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘F-4’ Filing    Date    Other Filings
Filed as of:5/5/036-K,  F-3
Filed on:5/2/036-K
12/31/0220-F
 List all Filings 


1 Subsequent Filing that References this Filing

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

 4/27/22  Bunge Ltd.                        S-3ASR      4/27/22    9:1M                                     Shearman & Sterling LLP
Top
Filing Submission 0001047469-03-016554   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Sat., Apr. 27, 11:34:19.1pm ET