|
Three
months ended
December
31,
|
Nine
months ended
December
31,
|
||||||
|
2009
|
2008
|
2009
|
2008
|
||||
|
Earnings:
|
|||||||
|
Income/(loss)
before income taxes
|
$
607,081
|
$
(8,292,982)
|
$
4,677,872
|
$ 14,858,367
|
|||
|
Add:
Fixed charges
|
1,159,268
|
1,146,399
|
3,452,646
|
3,415,040
|
|||
|
Add:
Amortisation of capitalized interest
|
12,514
|
11,927
|
104,346
|
120,425
|
|||
|
Less:
Interest capitalized
|
-
|
1,146,399
|
-
|
3,415,040
|
|||
|
Total
earnings/(loss)
|
1,778,863
|
(8,281,055)
|
8,234,864
|
14,978,792
|
|||
|
Fixed
charges:
|
|||||||
|
Interest
expensed and capitalized
|
750,000
|
750,000
|
2,250,000
|
2,250,000
|
|||
|
Amortized
premiums, discounts, & bond
costs
|
409,268
|
396,399
|
1,202,646
|
1,165,040
|
|||
|
Total
fixed charges
|
1,159,268
|
1,146,399
|
3,452,646
|
3,415,040
|
|||
|
Ration
of earnings/(loss) to fixed charges
|
1.53
|
(7.22)
|
2.39
|
4.39
|
|||