EX-12.1 5 exhibit121.htm EXHIBIT 12.1

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Exhibit 12.1

COCA-COLA FEMSA, S.A.B. DE C.V.
Ratio of earnings to fixed charges

			For the Year ended December 31,
	Mexican FRS:		2009		2008		2007		2006		2005
	Income from continuing operations before income
	taxes		13,013		8,312		10,439		8,052		7,720
(+)	Fixed Charges		1,930		2,073		1,777		2,052		2,682
(-)	Interest capitalized during the period		55		-		-		-		-
(+)	Current period amortization of interest capitalized
	in prior periods		-		-		-		-		-
	Earnings		14,888		10,385		12,216		10,104		10,402
	Interest expense		1,609		1,774		1,566		1,911		2,463
(+)	Interest capitalized during the period		55		-		-		-		-
(+)	Portion of rent expense representative of interest		266		299		211		141		219
	Fixed Charges		1,930		2,073		1,777		2,052		2,682
	Ratio of Earnings to Fixed Charges		7.7		5.0		6.8		4.9		3.8
			For the Year ended December 31,
	US GAAP:		2009		2008		2007		2006		2005
	Income from continuing operations before income
	taxes		12,237		7,685		10,215		7,723		7,396
(+)	Fixed Charges		1,820		1,931		1,737		2,017		2,564
(-)	Interest capitalized during the period		61		98		21		27		-
(+)	Current period amortization of interest capitalized
	in prior periods		15		15		15		2		12
	Earnings		14,011		9,533		11,946		9,715		9,972
	Interest expense		1,493		1,534		1,505		1,849		2,345
(+)	Interest capitalized during the period		61		98		21		27		-
(+)	Portion of rent expense representative of interest		266		299		211		141		219
	Fixed Charges		1,820		1,931		1,737		2,017		2,564
	Ratio of Earnings to Fixed Charges		7.7		4.9		6.8		4.8		3.8