EX-7.2 3 d499035dex72.htm EX-7.2

Exhibit 7.2

Coca-Cola FEMSA, S.A.B. de C.V. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

Amounts in Millions of Mexican Pesos, Except Ratios

IFRS |  | 2012 |  |  | 2011 |
Earnings available for fixed charges: |  |  |  |  |  |  |  |
Income before income taxes and share of the profit of associates and joint ventures accounted |  | Ps. | 19,992 |  |  | Ps. | 16,794 |
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes |  |  | 180 |  |  |  | 86 |
Plus: |  |  |  |  |  |  |  |
Interest expense |  |  | 2,222 |  |  |  | 2,227 |
Amortization of capitalized interest |  |  | 14 |  |  |  | 3 |
Less: |  |  |  |  |  |  |  |
Capitalized interest |  |  | (38 | ) |  |  | (185 | )
Non-controlling interest |  |  | (565 | ) |  |  | (551 | )
|  | Ps. | 21,805 |  |  | Ps. | 18,423 |
Fixed Charges: |  |  |  |  |  |  |  |
Interest expense, net |  |  | 1,955 |  |  |  | 1,729 |
Capitalized interest |  |  | (38 | ) |  |  | (185 | )
Interest portion of rental expenses |  |  | 229 |  |  |  | 363 |
Total Fixed charges |  | Ps. | 2,222 |  |  | Ps. | 2,277 |
Ratio of earnings to fixed charges |  |  | 9.81 |  |  |  | 8.09 |