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Exhibit 12

H. J. HEINZ COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
Successor
Predecessor
 
 
February 8 - December 29, 2013
April 29 - June 7, 2013
 
April 28, 2013
 
April 29, 2012
 
April 27, 2011
 
April 28, 2010
 
 
(29 Weeks)
(6 Weeks)
 
(52 Weeks)
 
(52 1/2 Weeks)
 
(52 Weeks)
 
(52 Weeks)
 
 
(In thousands)
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
   Interest expense*
 
$
417,960

$
52,545

 
$
286,742

 
$
296,785

 
$
276,744

 
$
306,708

   Capitalized interest
 
2,047

21

 
1,365

 
480

 
1,897

 
2,716

   Interest component of rental expense
 
38,001

4,756

 
42,715

 
45,530

 
32,170

 
33,711

      Total fixed charges
 
$
458,008

$
57,322

 
$
330,822

 
$
342,795

 
$
310,811

 
$
343,135

 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Income/(Loss) from continuing operations before income or loss from equity investees and income taxes
 
$
(297,705
)
$
(130,327
)
 
$
1,343,643

 
$
1,236,089

 
$
1,416,322

 
$
1,315,779

    Add: Interest expense*
 
417,960

52,545

 
286,742

 
296,785

 
276,744

 
306,708

Add: Interest component of rental expense
 
38,001

4,756

 
42,715

 
45,530

 
32,170

 
33,711

Add: Amortization of capitalized interest
 
420

91

 
755

 
783

 
754

 
367

      Earnings as adjusted
 
$
158,676

$
(72,935
)
 
$
1,673,855

 
$
1,579,187

 
$
1,725,990

 
$
1,656,565

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
0.35

(1.27
)
 
5.06

 
4.61

 
5.55

 
4.83


*
Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.