EXHIBIT 12.1
BMB MUNAI, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three months ended June 30, |
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2009 |
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2008 |
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Earnings: |
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Income before income taxes |
$ 30,782 |
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$ 13,321,323 |
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Add: Fixed charges |
1,148,047 |
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1,135,842 |
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Add: Amortisation of capitalized interest |
9,870 |
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16,963 |
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Less: Interest capitalized |
- |
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(1,135,842) |
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Total earnings |
1,188,699 |
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13,338,286 |
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Fixed charges: |
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Interest expensed and capitalized |
750,000 |
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750,000 |
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Amortized premiums, discounts, & bond costs |
398,047 |
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385,842 |
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Total fixed charges |
1,148,047 |
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1,135,842 |
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Ration of earnings to fixed charges |
1.04 |
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11.74 |
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