|
|
|
|
|
|
|
|
|
<PAGE> 1
Exhibit 12(b)
Joseph E. Seagram & Sons, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
<TABLE>
<CAPTION>
Quarter Fiscal Year
Ended September 30, Ended June 30,
------------------- --------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Income (loss) from continuing operations,
before tax $ (37) $ 94 $ (45) $ (17)
Add (deduct):
Dividends from equity companies -- 1 1 1
Fixed charges 130 133 522 349
Interest capitalized, net of amortization -- -- -- --
----- ----- ----- -----
Earnings available for fixed charges $ 93 $ 228 $ 478 $ 333
===== ===== ===== =====
Fixed charges:
Interest expense $ 127 $ 130 $ 512 $ 339
Portion of rent expense deemed to
represent interest factor 3 3 10 10
----- ----- ----- -----
Fixed charges $ 130 $ 133 $ 522 $ 349
===== ===== ===== =====
Ratio of earnings to fixed charges (a) 1.71 (b) (c)
===== ===== ===== =====
</TABLE>
(a) Fixed charges exceeded earnings by $37 million for the quarter ended
September 30, 2000.
(b) Fixed charges exceeded earnings by $44 million for the year ended June 30,
2000.
(c) Fixed charges exceeded earnings by $16 million for the year ended June 30,
2000.
|
|