Form: S-3

Registration statement for specified transactions by certain issuers

September 28, 2001

STATEMENT RE: COMPUTATION OF EARNINGS

Published on September 28, 2001


Exhibit 12.1

RESMED INC.

STATEMENT RE: COMPUTATION OF RATIOS

(UNAUDITED, DOLLARS IN THOUSANDS)



Years Ended June 30,
(In thousands, except ratio amount)



2001 2000 1999 1998 1997

Income Before Income Taxes $27,314 $34,166 $24,577 $16,112 $11,087
Add:
Interest Expense 1,601 0 6 15 27

Amortization of Debt Costs 26 0 0 0 0
Interest Portion of Rental Charges/(1)/ 362 248 263 202 195
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Total Earnings $29,303 $34,414 $24,846 $16,329 $11,309
Fixed Charges:
Interest Expense 1,601 0 6 15 27
Amortization of Debt Costs 26 0 0 0 0
Interest Portion of Rental Charges 362 248 263 202 195
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Total Fixed Charges $ 1,989 $ 248 $ 269 $ 217 $ 222
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Ratio of Earnings to Fixed Charges 14.7x 138.8x 92.4x 75.2x 50.9x
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(1) Assumed interest component to be one-third of rental charges.