EX-99 2 fiftyfourth-exa.htm EX A - INCOME STATEMENT PE 6-30-05 Exhibit A - Income Statement

Exhibit A

NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT

Three
Months Ended
June 30, 2005

Actual
Twelve
Months Ended
June 30, 2005

Actual
        
Operating Revenues     $ 88,047,684   $ 319,723,362  


Operating Expenses:  
Purchased Gas    85,113,177    308,248,293  
Purchased Electric    --    --  
Operation    673,692    3,838,344  
Depreciation, Depletion  
   & Amortization    22,296    88,469  
Franchise & Other Taxes    7,564    118,738  


     85,816,729    312,293,844  


Operating Income    2,230,955    7,429,518  


Interest Income    359,813    967,881  
Interest Expense    2,400    26,686  


Net Income Before Taxes    2,588,368    8,370,713  


Income Taxes:  
Federal    863,725    2,301,257  
State    214,476    573,541  
Deferred    (37,398 )  639,200  


     1,040,803    3,513,998  


Net Income   $ 1,547,565   $ 4,856,715