Exhibit 12
AMVESCAP PLC | |||||||||||||
Ratios of Earnings to Fixed Charges | |||||||||||||
GBP (£ thousands) | |||||||||||||
US GAAP | |||||||||||||
9/30/2004 | 12/31/2003 | 12/31/2002 | 12/31/2001 | 12/31/2000 | 12/31/1999 | ||||||||
Profit before taxation | (53,975 | ) | 177,532 | 252,437 | 246,395 | 383,540 | 204,622 | ||||||
Fixed Charges | 37,846 | 60,274 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
Earnings | (16,129 | ) | 237,806 | 317,974 | 313,655 | 444,867 | 257,197 | ||||||
Portion of rent expense representing interest | 7,948 | 12,005 | 12,979 | 11,379 | 9,723 | 7,849 | |||||||
Interest expense | 29,898 | 48,270 | 52,558 | 55,881 | 51,604 | 44,726 | |||||||
Fixed charges | 37,846 | 60,275 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
Ratio of earnings/fixed charges | (0.43 | ) | 3.95 | 4.85 | 4.66 | 7.25 | 4.89 | ||||||
UK GAAP | |||||||||||||
9/30/2004 | 12/31/2003 | 12/31/2002 | 12/31/2001 | 12/31/2000 | 12/31/1999 | ||||||||
Profit before taxation | (159,326 | ) | 36,395 | 102,266 | 280,438 | 446,233 | 283,042 | ||||||
Fixed Charges | 37,846 | 60,274 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
Earnings | (121,480 | ) | 96,669 | 167,803 | 347,698 | 507,560 | 335,617 | ||||||
Portion of rent expense representing interest | 7,948 | 12,005 | 12,979 | 11,379 | 9,723 | 7,849 | |||||||
Interest expense | 29,898 | 48,270 | 52,558 | 55,881 | 51,604 | 44,726 | |||||||
Fixed charges | 37,846 | 60,275 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
Ratio of earnings/fixed charges | (3.21 | ) | 1.60 | 2.56 | 5.17 | 8.28 | 6.38 |