| 12/31/2006 | 12/31/2005 | 12/31/2004 | 12/31/2003 | 12/31/2002 | ||||||||||||||||
Profit before taxation |
754,637,961 | 360,077,888 | 39,029,165 | 57,694,879 | 145,522,375 | |||||||||||||||
Fixed Charges |
97,443,878 | 103,101,064 | 100,735,563 | 98,690,957 | 98,414,827 | |||||||||||||||
Minority interest |
(1,038,010 | ) | (1,765,921 | ) | (824,524 | ) | 0 | 0 | ||||||||||||
Earnings |
851,043,830 | 461,413,031 | 138,940,204 | 156,385,836 | 243,937,202 | |||||||||||||||
Portion of rent expense representing interest |
16,138,776 | 17,958,983 | 19,564,943 | 19,623,407 | 19,565,452 | |||||||||||||||
Interest |
81,305,102 | 85,142,080 | 81,170,620 | 79,067,550 | 78,849,375 | |||||||||||||||
Fixed charges |
97,443,878 | 103,101,064 | 100,735,563 | 98,690,957 | 98,414,827 | |||||||||||||||
Minority interest after tax |
674,707 | 1,147,849 | 535,940 | 0 | (0 | ) | ||||||||||||||
Adjustment for tax (35% rate assumed) |
363,304 | 618,072 | 288,583 | 0 | (0 | ) | ||||||||||||||
Minority interest before tax |
1,038,010 | 1,765,921 | 824,524 | 0 | (0 | ) | ||||||||||||||
Ratio of earnings/fixed charges |
8.73 | 4.48 | 1.38 | 1.58 | 2.48 | |||||||||||||||