NET 1 UEPS TECHNOLOGIES INC - FORM 10-K - EX-12 - STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES - August 26, 2010

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10-K - ANNUAL REPORT FOR YEAR ENDED JUNE 30, 2010 - NET 1 UEPS TECHNOLOGIES INCform10k.htm
EX-32 - CERTIFICATION - NET 1 UEPS TECHNOLOGIES INCexhibit32.htm
EX-21 - SUBSIDIARIES OF REGISTRANT - NET 1 UEPS TECHNOLOGIES INCexhibit21.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - NET 1 UEPS TECHNOLOGIES INCexhibit23-1.htm
EX-31.2 - CERTIFICATION - NET 1 UEPS TECHNOLOGIES INCexhibit31-2.htm
EX-31.1 - CERTIFICATION - NET 1 UEPS TECHNOLOGIES INCexhibit31-1.htm
EX-10.13 - BANKING FACILITY DATED AS OF APRIL 30, 2010 - NET 1 UEPS TECHNOLOGIES INCexhibit10-13.htm

EXHIBIT 12

Calculation of Ratio of Earnings to Fixed Charges

    2010     2009     2008     2007     2006  
                               
Fixed charges                              
Interest expensed and capitalized   1,047     9,462     11,689     12,012     8,749  
Amortized premiums, discounts and capitalized expenses related to indebtedness                           -  
Estimate of the interest within rental expense   472     365     381     357     297  
Preference security dividend requirements of consolidated subsidiaries   -     -     -     -     -  
                               
Fixed charges   1,519     9,827     12,070     12,369     9,046  
                               
Earnings                              
Add   80,399     140,747     138,178     113,646     104,548  
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees   78,880     130,920     126,108     101,277     95,502  
Fixed charges   1,519     9,827     12,070     12,369     9,046  
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                           -  
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges                           -  
                               
Earnings   80,399     140,747     138,178     113,646     104,548  
                               
Ratio of earnings to fixed charges   52.93     14.32     11.45     9.19     11.56  

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