EX-1
from POS AM
1 page
<table> Exhibit 12.1 <caption> Unified Western Grocers, Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (Thousands Omitted Except for Ratios) Fiscal Year 26 Weeks Ended March 29, 2003 2002 2001 2000 1999 1998 <s> <c> <c> <c> <c> <c> <c> (1) Adjusted Earnings: Earnings (Loss) From Continuing Operations Before Cumulative Effect of a Change in Accounting Principle and Extraordinary Item (Net of Income Taxes) $2,315 $1,985 ($1,263) ($2,046) $2,570 $4,468 Income Taxes (Benefit) 1,647 2,172 (272) (415) 18 2,515 Patronage Dividends 6,768 16,713 14,934 15,426 14,195 10,149 Subtotal: Net Earnings From Continuing Operations Before Income Taxes (Benefit) and Patronage Dividends 10,730 20,870 13,399 12,965 16,783 17,132 Amortization of Capitalized Interest 81 - - - - - Fixed Charges 13,043 25,957 30,237 31,954 13,221 14,025 Less: Capitalized Interest - (487) - - - - Adjusted Earnings (A) $23,854 $46,340 $43,636 $44,919 $30,004 $31,157 (2) Fixed Charges: Gross Rental Expense $13,991 $29,277 $32,314 $41,870 $16,473 $16,241 Less, Estimated Rent Component 12,830 26,964 29,082 37,390 14,785 14,536 Estimated Interest Component of Rental 1,161 2,313 3,232 4,480 1,688 1,705 Expense Interest Expensed 11,882 23,157 27,005 27,474 11,533 12,320 Capitalized Interest - 487 - - - - Total Fixed Charges (B) $13,043 $25,957 $30,237 $31,954 $13,221 $14,025 Ratio of Earnings to Fixed Charges (A)/(B) 1.83 1.79 1.44 1.41 2.27 2.22 (A)(b) - Crossreference on Page. (1) Adjusted Earnings Used in Computing the Ratio of Earnings to Fixed Charges Consist of Earnings From Continuing Operations, Before Income Taxes (Benefit), and Patronage Dividends Plus Amortization of Capitalized Interest and Fixed Charges Less Interest Capitalized. (2) Fixed Charges Consist of the Sum of the Portion of Rental Expense That Is Representative of the Interest Factor, Interest Expense (Including Amortization of Deferred Financing Costs) and Capitalized Interest. </Table>
12/34/56