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<TABLE>
Exhibit 12
FORMICA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio data)
Three months ended Nine months ended
September 30, September 30,
------------------------- --------------------------
2000 1999 2000 1999
------------- --------- ------------ -----------
<S> <C> <C> <C> <C>
Loss from continuing operations before income taxes per statement of
operations $(8.5) $ (3.8) $(36.7) $(15.0)
Add:
Portion of rents representative of the interest factor 0.8 0.6 2.3 1.8
Interest on indebtedness and amortization of debt expense 14.4 9.5 36.5 28.5
------------- --------- ------------ -----------
Income as adjusted 6.7 6.3 2.1 15.3
============= ========= ============ ===========
Fixed Charges:
Interest on indebtedness and amortization of debt expense (1) 14.4 9.5 36.5 28.5
------------- --------- ------------ -----------
Capitalized interest (2) -- -- -- --
------------- --------- ------------ -----------
Rents 2.5 1.8 6.9 5.4
------------- --------- ------------ -----------
Portion of rents representative of the interest factor (3) 0.8 0.6 2.3 1.8
------------- --------- ------------ -----------
------------- ---------
Fixed Charges (1) + (2) + (3) $ 15.2 $10.1 $ 38.8 $ 30.3
============= ========= ============ ===========
Ratio of earnings to fixed charges 0.44 0.62 0.05 0.51
============= ========= ============ ===========
E-1
</TABLE>
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