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Previous: CHINA MOBILE HONG KONG LTD, F-3/A, EX-10.48, 2000-10-30 |
Next: CHINA MOBILE HONG KONG LTD, F-3/A, EX-23.4, 2000-10-30 |
<PAGE> 1
EXHIBIT 12.1
CHINA MOBILE (HONG KONG) LTD
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
PREPARED UNDER US GAAP
(RENMINBI IN MILLIONS)
<TABLE>
<CAPTION>
Six months
Year ended December 31, ended June 30,
------------------------------------------------------- --------------
1995 1996 1997 1998 1999 2000
------------------------------------------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Profit before
taxes and minority interest 6,464 7,411 9,571 13,548 11,482 11,690
Fixed charges:
Interest expenses 46 33 119 142 396 307
Interest capitalized 149 181 187 315 210 89
Representative
interest in rental expense 32 59 100 161 218 142
------------------------------------------------------- --------------
(1) Total fixed charges (B) 227 273 406 618 824 538
------------------------------------------------------- --------------
(2) Less: fixed charges capitalized (149) (181) (187) (315) (210) (89)
------------------------------------------------------- --------------
(1)-(2) 78 92 219 303 614 449
Earnings before ------------------------------------------------------- --------------
taxes and fixed charges (A) 6,542 7,503 9,790 13,851 12,096 12,139
======================================================= ==============
Ratio of earnings ------------------------------------------------------- --------------
to fixed charges (A)/(B) 28.8 27.5 24.1 22.4 14.7 22.6
======================================================= ==============
</TABLE>
<PAGE> 2
CHINA MOBILE (HONG KONG) LTD
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
PREPARED UNDER HK GAAP
(RENMINBI IN MILLIONS)
<TABLE>
<CAPTION>
Six months
Year ended December 31, ended June 30,
--------------------------------------------------- --------------
1995 1996 1997 1998 1999 2000
--------------------------------------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Profit before taxes and
minority interest 4,954 4,941 5,953 9,387 6,444 12,742
Fixed charges:
Interest expenses 89 167 175 160 343 335
Interest capitalized 106 47 112 147 143 61
Representative interest in
rental expense 21 41 76 100 180 142
--------------------------------------------------- --------------
(1) Total fixed charges (B) 216 255 363 407 666 538
--------------------------------------------------- --------------
(2) Less: fixed charges capitalized (106) (47) (112) (147) (143) (61)
--------------------------------------------------- --------------
(1)-(2) 110 208 251 260 523 477
Earnings before taxes --------------------------------------------------- --------------
and fixed charges (A) 5,064 5,149 6,204 9,647 6,967 13,219
=================================================== ==============
Ratio of earnings to --------------------------------------------------- --------------
fixed charges (A)/(B) 23.5 20.2 17.1 23.7 10.5 24.6
=================================================== ==============
</TABLE>
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