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F-3
BIOLINERX LTD. filed this Form F-3 on 07/16/2015
Entire Document
 
9

 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
The table below presents our consolidated ratio of earnings to fixed charges for each of the periods indicated. Where the ratio indicates coverage of less than a 1:1 ratio, we have disclosed the amount (in thousands of USD) of the deficiency, i.e., the additional earnings required to achieve a 1:1 ratio. We computed these ratios by dividing earnings by fixed charges. For this purpose, earnings consist of earnings before income taxes and non-controlling interests plus fixed charges. Fixed charges consist of interest expense, whether capitalized or expensed.
 
Year Ended December 31,*
 
Three Months Ended
March 31,
2010
 
2011
 
2012
 
2013
 
2014
 
2015
24.58x
 
(12,611)
 
(19,163)
 
(15,437)
 
(9,955)
 
(4,311)
 
*Effective January 1, 2015, we changed our functional currency to the dollar from the NIS. All amounts and calculations herein for the years 2010 through 2014 have been translated at the March 31, 2015 exchange rate of NIS 3.98 to one USD.