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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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Three months ended |
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Nine months ended December 31, | ||||||
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2007 |
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2006 |
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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 |
$ 9,986,062 |
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$ (90,861) |
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$ 22,746,163 |
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$ (2,039,757) | ||||||
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Add: Fixed charges |
1,134,299 |
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- |
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2,091,421 |
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Add: Amortisation of capitalized interest |
4,769 |
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- |
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13,459 |
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Less: Interest capitalized |
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Total earnings/(loss) |
9,860,831 |
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(90,861) |
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22,759,622 |
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(2,039,757) | ||||||
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Fixed charges: |
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Interest expensed and capitalized |
750,000 |
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1,319,667 |
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Amortized premiums, discounts, & bond costs |
384,299 |
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699,754 |
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Total fixed charges |
1,134,299 |
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2,091,421 |
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Ration of earnings to fixed charges |
8.69 |
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10.88 |
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