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Global Sources Ltd/Bermuda – ‘F-3’ on 5/12/15 – EX-12.1

On:  Tuesday, 5/12/15, at 11:40am ET   ·   Accession #:  950162-15-18   ·   File #:  333-204083

Previous ‘F-3’:  ‘F-3’ on 10/28/11   ·   Next & Latest:  ‘F-3/A’ on 6/2/15

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

 5/12/15  Global Sources Ltd/Bermuda        F-3                    5:981K                                   Cahill Gordon & Rei… LLP

Registration Statement of a Foreign Private Issuer for Securities Offered Pursuant to a Transaction   —   Form F-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-3         Global Sources Ltd. Form F-3                        HTML    490K 
 2: EX-5.1      Opinion of Appleby                                  HTML     61K 
 3: EX-5.2      Opinion of Cahill Gordon & Reindel LLP              HTML     31K 
 4: EX-12.1     Computation of Ratio of Earnings to Fixed Charges   HTML     39K 
 5: EX-23.3     Consent of Pricewaterhousecoopers LLP               HTML      5K 


EX-12.1   —   Computation of Ratio of Earnings to Fixed Charges


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EXHIBIT 12.1
 
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SHARE DIVIDENDS
 
In U.S. Dollars thousands, except ratio of earnings to fixed charges

   
Year ended December 31,
 
       
2011
   
2012
   
2013
   
2014
 
                               
Income before income taxes
    27,359       32,080       35,689       37,625       21,309  
                                         
Add:
                                       
Fixed charges
    505       558       497       454       456  
                                         
Deduct:
Income before income tax of subsidiaries
                                       
  attributable to non-controlling interests
    (179 )     (463 )     (48 )     (950 )     (1,182 )
                                         
Earnings
    27,685       32,175       36,138       37,129       20,583  
                                         
Fixed charges
                                       
Interest expense relating to long term payables
    -       -       -       -       186  
Interest component of rental expenses (Note 1)
    505       558       497       454       270  
Fixed charges
    505       558       497       454       456  
                                         
Ratio of earnings to fixed charges
    55       58       73       82       45  
                                         
Deficiency of earnings to cover fixed charges
    -       -       -       -       -  
                                         
                                         
Note 1: Interest component of rental expenses is estimated to equal one third of such expenses.
         

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘F-3’ Filing    Date    Other Filings
Filed on:5/12/15
12/31/106-K
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Filing Submission 0000950162-15-000018   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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