EX-99.FS.4 9 l88100ex99-fs_4.txt NONGC STATEMENT OF INCOME 1 EXHIBIT FS-4 NORTHEAST OHIO NATURAL GAS INCOME STATEMENTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1996-2000
1996 1997 1998 1999 2000 OPERATING REVENUES Operating revenues & gas sales $ 4,299,942 $ 4,962,138 $ 4,246,222 $5,197,914 $6,006,457 Other 60,371 51,552 66,088 78,904 67,663 -------------------------------------------------------------------- TOTAL REVENUE 4,360,313 5,013,690 4,312,310 5,276,818 6,074,120 OPERATING EXPENSES Purchased gas cost 1,625,645 2,024,706 1,581,721 2,002,831 2,643,394 Operations 1,847,481 1,592,488 1,717,070 1,644,746 1,722,268 Depreciation, depletion & amortization 307,257 363,123 319,787 372,917 451,528 Amortization of fair market value adjustments -- -- -- 60,567 63,200 Maintenance 109,161 81,353 74,919 53,949 76,496 General taxes 470,196 680,141 696,348 699,855 557,417 Interest expense 160,655 148,306 139,891 211,549 356,071 -------------------------------------------------------------------- TOTAL EXPENSES 4,520,395 4,890,118 4,529,736 5,046,414 5,870,374 -------------------------------------------------------------------- OPERATING INCOME (160,082) 123,573 (217,426) 230,403 203,746 TAXES ON INCOME Current (54,147) 43,459 (64,288) 15,825 134,561 Deferred (9,637) 83,105 (43,800) -------------------------------------------------------------------- (54,147) 43,459 (73,925) 98,930 90,761 NET INCOME (LOSS) $ (105,934) $ 80,113 $ (143,501) $ 131,473 $ 112,985 ====================================================================