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Utah Medical Products, Inc.
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Exhibit 12 to Registration Statement on Form S-3
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Calculation of ratio of earnings to fixed charges pursuant to Item 503(d) of Regulation S-K
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Six months
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ended
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Year ended December 31,
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30-Jun-12
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2011
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2010
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2009
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2008
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2007
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Fixed charges
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(a) interest expensed and capitalized
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$ | 359,938 | $ | 859,366 | $ | 25,077 | $ | 51,088 | $ | 198,154 | $ | 270,315 | ||||||||||||
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(b) amortized premiums, discounts and caaitalized expenses related to indebtedness
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- | - | - | - | - | - | ||||||||||||||||||
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(c) estimated interest within rental expense
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38,739 | 73,390 | 30,956 | 56,204 | 57,122 | 56,048 | ||||||||||||||||||
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(d) preference security dividend requirements of subsidiaries
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- | - | - | - | - | - | ||||||||||||||||||
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Total fixed charges
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$ | 398,677 | $ | 932,756 | $ | 56,033 | $ | 107,292 | $ | 255,276 | $ | 326,363 | ||||||||||||
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Earnings
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Total of:
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(a) Pretax income from continuing operations:
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$ | 7,366,765 | $ | 11,079,889 | $ | 9,040,579 | $ | 9,579,656 | $ | 10,776,683 | $ | 12,038,193 | ||||||||||||
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(b) fixed charges
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398,677 | 932,756 | 56,033 | 107,292 | 255,276 | 326,363 | ||||||||||||||||||
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(c) amortization of capitalized interest
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- | - | - | - | - | - | ||||||||||||||||||
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(d) distrubuted income of equity investees
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- | - | - | - | - | - | ||||||||||||||||||
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(e) issuer's share of of pre-tax losses of equity investees
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- | - | - | - | - | - | ||||||||||||||||||
| 7,765,442 | 12,012,645 | 9,096,612 | 9,686,948 | 11,031,959 | 12,364,556 | |||||||||||||||||||
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Less:
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(a) interest capitalized
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- | - | - | - | - | - | ||||||||||||||||||
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(b) preference security dividend requiremtns of consolidated subsidiaries
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- | - | - | - | - | - | ||||||||||||||||||
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(c) minority interest in pre-tax income of subsidiaries that have not incurred fixed charges
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- | - | - | - | - | - | ||||||||||||||||||
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Total Earnings
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$ | 7,765,442 | $ | 12,012,645 | $ | 9,096,612 | $ | 9,686,948 | $ | 11,031,959 | $ | 12,364,556 | ||||||||||||
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Ratio of earnings to fixed charges
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19.5 | 12.9 | 162.3 | 90.3 | 43.2 | 37.9 | ||||||||||||||||||