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EXHIBIT 12.1
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BMB MUNAI INC |
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COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES |
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Year ended March 31, |
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2008 |
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2007 |
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2006 |
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Earnings/(loss): |
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Income / (loss) before income taxes |
$ 31,206,982 |
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$ 1,892,771 |
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$ (5,309,290) |
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Add: Fixed charges |
3,218,141 |
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- |
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Add: Amortisation of capitalized interest |
68,123 |
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- |
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Less: Interest capitalized |
(3,218,141) |
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- |
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- |
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Total earnings/(loss) |
31,275,105 |
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1,892,771 |
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(5,309,290) |
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Fixed charges: |
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Interest expensed and capitalized |
2,141,667 |
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- |
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Amortized premiums, discounts, & bond costs |
1,076,474 |
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- |
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Total fixed charges |
3,218,141 |
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Ratio of earnings to fixed charges |
9.72 |
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- |
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