EXHIBIT 12.1
BMB MUNAI, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three months ended September 30, |
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2008 |
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2007 |
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Earnings: |
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Income before income taxes |
$ 9,830,026 |
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$ 7,480,413 |
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Add: Fixed charges |
943,337 |
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Add: Amortisation of capitalized interest |
14,317 |
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Less: Interest capitalized |
943,337 |
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- |
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Total earnings |
9,844,343 |
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7,480,413 |
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Fixed charges: |
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Interest expensed and capitalized |
750,000 |
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Amortized premiums, discounts, & bond costs |
382,799 |
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Total fixed charges |
1,132,799 |
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Ration of earnings to fixed charges |
8.69 |
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BMB MUNAI, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Six months ended September 30, |
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2008 |
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2007 |
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Earnings: |
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Income before income taxes |
$ 23,151,349 |
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$ 12,890,101 |
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Add: Fixed charges |
2,268,641 |
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- |
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Add: Amortisation of capitalized interest |
59,646 |
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- |
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Less: Interest capitalized |
2,268,641 |
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Total earnings |
23,210,995 |
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12,890,101 |
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Fixed charges: |
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Interest expensed and capitalized |
1,500,000 |
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Amortized premiums, discounts, & bond costs |
768,641 |
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Total fixed charges |
2,268,641 |
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Ration of earnings to fixed charges |
10.23 |
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