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Previous: PIONEER GROWTH SHARES, 485BPOS, 1997-04-30 |
Next: NATIONAL FUEL GAS CO, 35-CERT, 1997-04-30 |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
- --------------------------------------------
In the Matter of
NATIONAL FUEL GAS COMPANY NINETEENTH
NATIONAL FUEL RESOURCES, INC. CERTIFICATE
PURSUANT TO
File No. 70-7833 RULE 24
(Public Utility Holding Company Act of 1935)
- --------------------------------------------
In accordance with the terms of the Order dated December 20, 1991
issued to National Fuel Gas Company ("National") authorizing National to acquire
the common stock of National Fuel Resources, Inc. ("NFR") (File No. 70-7833,
HCAR No. 35-25437), attached as Exhibit "A" is an Income Statement of NFR for
the Twelve Months ended September 30, 1996. Also attached as Exhibit "B" is the
Balance sheet of NFR as of September 30, 1996. This filing is late due to an
oversight caused by an internal change of responsibility. The undersigned
companies apologize for any inconvenience this may have caused.
IN WITNESS WHEREOF, the undersigned companies have duly caused
this Certificate to be signed this 22nd day of April, 1997.
NATIONAL FUEL RESOURCES, INC.
By: /s/ R. J. Kreppel
--------------------------------------
R. J. Kreppel, President
NATIONAL FUEL GAS COMPANY
By: /s/ G. T. Wehrlin
--------------------------------------
G. T. Wehrlin, Controller
EXHIBIT A - FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT
(Unaudited)
Twelve Months
Ended
September 1996
--------------
Operating Revenues:
Gas - Retail $51,994,072
Gas - Wholesale 7,239,750
Other 1,024,363
-----------
60,258,185
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Operating Expenses:
Purchase Gas 55,725,148
General & Administrative 1,612,000
Depreciation, Depletion & Amortization 12,981
Franchise & Other Taxes 39,699
-----------
57,389,828
-----------
Operating Income 2,868,357
-----------
Interest Income 443,087
Interest Expense 16,502
Amortization & Misc. Deductions (88,729)
-----------
515,314
-----------
Net Income Before Tax 3,383,671
-----------
Income Taxes:
Federal 1,535,767
State 132,440
Deferred (407,645)
-----------
1,260,562
-----------
Net Income $ 2,123,109
===========
EXHIBIT B - FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT SEPTEMBER 30, 1996
(Unaudited)
ASSETS
Current Assets:
Cash $ 686,675
Short Term Investments 9,674,913
Accounts Receivable 2,927,654
Accounts Receivable-Interco 42,265
Reserve for Bad Debts (563,610)
Other Current Assets 383,671
-----------
13,151,568
-----------
Property, Plant, and Equipment
Furniture and Fixtures 68,582
Less - Accumulated DD&A 27,309
-----------
41,273
-----------
Other Assets:
Long Term Investments 1,604,993
Other Deferred Debits 104,371
-----------
1,709,364
-----------
$14,902,205
===========
LIABILITIES
Current Liabilities:
Accounts Payable $ 2,561,168
Accrued Liabilities 1,260,448
Current Income Taxes-Federal (130,664)
Current Income Taxes-State 126,109
Accounts Payable-Intercompany 1,118,905
Dividends Payable 35,000
-----------
4,970,966
-----------
Long Term Liabilities:
Deferred Income Taxes (554,034)
Miscellaneous Deferred Credits 1,250,370
-----------
696,336
-----------
Stockholder's Equity:
Common Stock 10,000
Capital Paid in Excess of Par 3,490,000
Retained Earnings 5,909,903
Retained Earnings - Dividends (175,000)
Total Equity 9,234,903
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$14,902,205
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