EXHIBIT 12
CINEMARK HOLDINGS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                 
            Period From   Period From            
            January 1, 2004   April 2, 2004            
    Year Ended   to   to   Year Ended   Year Ended   Year Ended
    Dec. 31,   April 1,   Dec. 31,   Dec. 31,   Dec. 31,   Dec. 31,
    2003   2004   2004   2005   2006   2007
 
Computation of Earnings:
                                               
Pretax income (loss) from continuing operations before equity income (loss) and minority interests
  $ 75,699     $ (11,342 )   $ 13,202     $ (15,303 )   $ 16,641     $ 204,136  
Add:
                                               
Fixed charges
    90,629       21,864       87,668       125,121       156,991       208,723  
Amortization of capitalized interest
    454       115       345       470       472       474  
 
                                               
Distributed income (loss) of equity investees
    141       37       136       227       (1,646 )     (2,462 )
Pretax losses of equity investees for which charges arising from guarantees are included in fixed charges
                                   
Less:
                                               
Capitalized interest
    (234 )     (73 )     (334 )     (74 )     (86 )     (618 )
Preference security dividend requirements of cons subs
                                   
Minority interest in pretax income of subs that have not incurred fixed charges
    (3,410 )     (1,466 )     (2,887 )     (924 )     (1,469 )     (792 )
     
TOTAL EARNINGS
  $ 163,279     $ 9,135     $ 98,130     $ 109,517     $ 170,903     $ 409,461  
     
 
                                               
Computation of Fixed Charges:
                                               
Interest expense
    51,853       11,972       56,231       81,342       105,986       140,869  
Capitalized interest
    234       73       334       74       86       618  
Amortization of debt issue costs
    2,310       590       1,918       2,740       3,342       4,727  
Interest factor on rent expense
    36,232       9,229       29,185       40,965       47,577       62,509  
     
TOTAL FIXED CHARGES
  $ 90,629     $ 21,864     $ 87,668     $ 125,121     $ 156,991     $ 208,723  
     
 
                                               
RATIO OF EARNINGS TO
FIXED CHARGES
(1)
    1.80 x           1.12 x     0.88 x     1.09 x     1.96 x
     
 
(1)   For the purposes of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before taxes plus fixed charges excluding capitalized interest. Fixed charges consist of interest expense, capitalized interest, amortization of debt issue cost and that portion of rental expense which we believe to be representative of the interest factor. For the period from January 1, 2004 to April 1, 2004, earnings were insufficient to cover fixed charges by $12.7 million.