EX-21 2 exhibit21.htm EXHIBIT 21-SUBSIDIARIES OF THE COMPANY exhibit21.htm


ARTESIAN RESOURCES CORPORATION AND SUBSIDIARY COMPANIES

Subsidiaries of Registrant

The following list includes the Registrant and all of its subsidiaries as of December 31, 2007.  The voting equity interests of each company shown is owned, to the extent indicated by the percentage, by the company immediately above, which is not indented to the same degree.  All subsidiaries of the Registrant appearing in the following table are included in the consolidated financial statements of the Registrant and its subsidiaries.

Name of Company
State of Incorporation
Percentage of Voting Equity Interests Owned
     
Artesian Resources Corporation
Delaware
  
Artesian Water Company, Inc.
Delaware
100
Artesian Water Pennsylvania, Inc.
Pennsylvania
100
Artesian Water Maryland, Inc.
Maryland
100
Artesian Development Corporation
Delaware
100
Artesian Wastewater Management, Inc.
Delaware
100
Artesian Utility Development, Inc.
Delaware
100
AquaStructure Delaware, L.L.C.
Delaware
33 1/3


ARTESIAN RESOURCES CORPORATION
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

Additions
Balance at Beginning Of Period
Charged to Costs and Expenses
Charged to Other Accounts
Deductions
Balance at End of Period
           
Classification
          
For the Year Ended December 31, 2007
Valuation allowance for deferred tax assets
$121,000
---
---
$33,000
$88,000
For the Year Ended December 31, 2006
Valuation allowance for deferred tax assets
$323,000
---
---
$202,000
$121,000
For the Year Ended December 31, 2005
Valuation allowance for deferred tax assets
$482,000
---
---
$159,000
$323,000