XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Utility plant, at original cost less accumulated depreciation $ 366,563 $ 353,397
Current assets    
Cash and cash equivalents 617 311
Accounts receivable (less allowance for doubtful accounts 2012 - $241; 2011-$216) 5,728 4,997
Unbilled operating revenues 2,997 3,636
Materials and supplies 1,353 1,483
Prepaid property taxes 1,328 1,293
Prepaid expenses and other 1,457 1,530
Total current assets 13,480 13,250
Other assets    
Non utility property (less accumulated depreciation 2012-$309; 2011-$417) 4,082 4,214
Other deferred assets 5,196 5,142
Total other assets 9,278 9,356
Regulatory assets, net 2,393 2,734
Total assets 391,714 378,737
Stockholders' equity    
Common stock 8,710 8,611
Preferred stock 0 0
Additional paid-in capital 88,399 86,311
Retained earnings 21,071 18,075
Total stockholders' equity 118,180 112,997
Long-term debt, net of current portion 106,257 106,539
Total stockholders' equity and long-term debt 224,437 219,536
Current liabilities    
Lines of credit 10,717 11,740
Current portion of long-term debt 1,111 1,718
Accounts payable 3,499 2,784
Accrued expenses 3,430 2,253
Overdraft payable 750 365
Deferred income taxes 837 772
Accrued interest 1,138 1,223
Customer deposits 894 942
Other 2,563 2,863
Total current liabilities 24,939 24,660
Commitments and contingencies ( Note 10 )      
Deferred credits and other liabilities    
Net advances for construction 13,023 14,405
Postretirement benefit obligation 374 455
Deferred investment tax credits 622 643
Utility plant retirement cost obligation 1,092 0
Deferred income taxes 45,879 41,732
Total deferred credits and other liabilities 60,990 57,235
Net contributions in aid of construction 81,348 77,306
Liabilities and stockholders' equity $ 391,714 $ 378,737