EX-12.1 3 exhibit12-1.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Net 1 UEPS Technologies, Inc.: Exhibit 12.1 - Filed by newsfilecorp.com

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

      Six months                    
      ended                    
      December 31,           Twelve months ended June 30,        
      2011     2011     2010     2009     2008     2007  
      (in thousands, except for ratio of earnings to fixed charges)        
                                       
Fixed charges                                      
Interest expensed and capitalized   $ 4,971   $ 8,672   $ 1,047   $ 9,462   $ 11,689   $ 12,012  
Amortized premiums, discounts and capitalized expenses related to indebtedness     -     -     -     -     -     -  
Estimate of the interest within rental expense     312     628     472     365     381     357  
Preference security dividend requirements of consolidated subsidiaries     -     -     -     -     -     -  
                                       
   Fixed charges     5,283     9,300     1,519     9,827     12,070     12,369  
                                       
Earnings                                      
Add     55,203     45,710     80,399     140,747     138,178     113,646  
Pretax income from continuing operations before adjustment for non-controlling interests in consolidated subsidiaries or income or loss from equity investees     49,920     36,410     78,880     130,920     126,108     101,277  
Fixed charges     5,283     9,300     1,519     9,827     12,070     12,369  
Amortization of capitalized interest     -     -     -     -     -     -  
Distributed income of equity investees     -     -     -     -     -     -  
Your share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges     -     -     -     -     -     -  
                                       
Less     -                                
Interest capitalized     -     -     -     -     -     -  
Preference security dividend requirements of consolidated subsidiaries     -     -     -     -     -     -  
Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges     -     -     -           -     -  
                                       
     Earnings   $ 55,203   $ 45,710   $ 80,399   $ 140,747   $ 138,178     113,646  
                                       
Ratio of earnings to fixed charges     10.45     4.92     52.93     14.32     11.45     9.19