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Previous: UNITIL CORP, U-13-60, 1995-04-28 |
Next: UNITIL CORP, U5S, 1995-04-28 |
ANNUAL REPORT (1)
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
TO THE
US SECURITIES AND EXCHANGE COMMISSION
OF
UNITIL RESOURCES, INC.
Date of Incorporation May 26, 1993
State of Incorporation New Hampshire
Location of Principal Executive Offices of Reporting Company:
216 Epping Road
Exeter, New Hampshire 03833-4571
Name, Title and address of officer to whom correspondence
concerning this report should be addressed:
Gail A. Siart, Vice President and Treasurer
216 Epping Road
Exeter, New Hampshire 03833-4571
Name of Principal Holding Company:
UNITIL Corporation
(1) This report is being filed pusuant to the requirements of H.C.A.R. Number
35-25816, which specifies that UNITIL Resources, Inc. must file an annual
report using, where applicable, Form U-13-60 reporting format.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Page
Number
Description of Schedules and Accounts Schedule or
Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY Schedule III 8
PROPERTY
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRU Schedule VIII 13
ASSETS
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR
DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule 18
XIII
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE Account 457 21
COMPANIES
ANALYSIS OF BILLING - NONASSOCIATE Account 458 22
COMPANIES
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
FINANCIAL DATA SCHEDULE Schedule XIX 36
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or Statements
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF 38
COMPENSATION FOR USE
OF CAPITAL BILLED
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current
and prior year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
------------------------
101 Service company property (Schedule II) 0 0
107 Construction work in progress (Schedule II) 0 0
Total Property 0 0
108 Less accumulated provision
for depreciation
and amortization of service
company property (Schedule III) 0 0
Net Company Property 0 0
INVESTMENTS
-----------
123 Investments in associate 0 0
companies (Schedule IV)
124 Other investments (Schedule IV) 0 0
Total investments 0 0
CURRENT AND ACCRUED ASSETS
--------------------------
131 Cash 98,715 4,376
134 Special deposits 0 0
135 Working funds 0 0
136 Temporary cash investments (Schedule IV) 0 0
141 Notes receivable 0 0
143 Accounts receivable 65,565 129,074
144 Accumulated provision for
uncollectable accounts 0 0
146 Accounts receivable from
associate companies (Schedule V) 0 0
152 Fuel stock expense 0 0
undistributed (Schedule VI)
154 Materials and supplies 0 0
163 Stores expense undistributed (Schedule VII) 0 0
165 Prepayments 0 0
173 Unbilled and Accrued Revenues
(Schedule VIII) 8,948 23,186
Total Current and Accrued Assets 173,228 156,636
DEFERRED DEBITS
---------------
181 Unamortized debt expense 0 0
184 Clearing accounts 0 0
186 Miscellaneous deferred debits (Schedule IX) 1,483 62,362
188 Research, development, or demonstration
expenditures (Schedule X) 0 0
190 Accumulated deferred income tax 0 0
Total Deferred Debits 1,483 1,483
TOTAL ASSETS AND OTHER DEBITS 174,711 218,998
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
-------------------
201 Common stock issued (Schedule XI) 100 100
211 Miscellaneous paid-in-capital (Schedule XI) 9,900 9,900
215 Appropriated retained earnings (Schedule XI) 0 0
216 Unappropriated retained 130,264 55,400
earnings (Schedule XI)
Total Proprietary Capital 140,264 65,400
LONG-TERM DEBT
--------------
223 Advances from associate 0 0
companies (Schedule XII)
224 Other long-term debt (Schedule XII) 0 0
225 Unamortized premium on long-term debt 0 0
226 Unamortized discount on long-term dbt-debit 0 0
Total Long-Term Debt 0 0
227 Obligations under capital 0 0
leases - non-current
CURRENT AND ACCRUED LIABILITIES
-------------------------------
231 Notes payable 0 0
232 Accounts payable 0 0
233 Notes payable to associate
companies (Schedule XIII) 0 0
234 Accounts payable to associate
companies (Schedule XIII) 52,003 128,693
236 Taxes accrued (17,556) 24,905
237 Interest accrued 0 0
238 Dividends declared 0 0
241 Tax collections payable 0 0
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 0 0
243 Obligations under capital leases - current 0 0
Total Current and Accrued Liabilities 34,447 153,598
DEFERRED CREDITS
----------------
253 Other deferred credits 0 0
255 Accumulated deferred investment tax credits 0 0
Total Deferred Credits 0 0
282 ACCUMULATED DEFERRED INCOME TAXES 0 0
TOTAL LIABILITIES AND PROPRIETARY CAPITAL 174,711 218,998
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE II - SERVICE COMPANY PROPERTY
BALANCE RETIREMENTS OTHER BALANCE
AT OR CHANGES 1/ AT CLOSE
DESCRIPTION BEGINNING OF YEAR ADDITIONS SALES OF YEAR
COMPANY PROPERTY
Account None
301 ORGANIZATION
303 MISCELLANEOUS INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND IMPROVEMENTS
306 LEASEHOLD IMPROVEMENTS
307 EQUIPMENT 2/
308 OFFICE
FURNITURE AND EQUIPMENT
309 AUTOMOBILES,OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER
COMPANY PROPERTY 3/
SUB-TOTAL 0 0 0 0 0
107 CONSTRUCTION
WORK IN
PROGRESS
TOTAL 0 0 0 0 0
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING
THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
SUBACCOUNT DESCRIPTION ADDITIONS BALANCE AT
CLOSE OF
YEAR
TOTAL 0 0
3/ DESCRIBE OTHER COMPANY PROPERTY:
NONE
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
NONE
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE AT ADDITIONS OTHER
BEGINNING CHARGED CHANGES BALANCE AT
DESCRIPTION OF YEAR TO ACCOUNT RETIRE- ADD CLOSE OF
403 MENTS (DEDUCT)1/ YEAR
Account
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND
RIGHTS
035 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT
308 OFFICE
FURNITURE
AND EQUIPMENT
309 AUTOMOBILES,
OTHER
VEHICLES
AND RELATED
GARAGE
EQUIPMENT
310 AIRCRAFT
AND AIRPORT
EQUIPMENT
311 OTHER
COMPANY PROPERTY
TOTAL 0 0 0 0 0
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124 "Other Investments" state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
ACCOUNT 123 - INVESTMENT IN ASSOCIATE 0 0
COMPANIES
ACCOUNT 124 - OTHER INVESTMENTS 0 0
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accomodation or convenience payments for associate
companies, a separate listing of total payments for each
company, number of shares or principal amount associate
company by subaccount should be provided.
BALANCE BALANCE
AT AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM
ASSOCIATE COMPANIES
NONE
TOTAL 0 0
ANALYSIS OF CONVENIENCE OR ACCOMMODATION
PAYMENTS:
TOTAL PAYMENTS 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and
expenses incurred with respect
to fuel stock expense during the year
and indicate amount
attributable to each associate
company. Under the section
headed "Summary" listed below give an
overall report of the
fuel functions performed by the
service company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 152 - FUEL STOCK EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
SUMMARY:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses
incurred with respect stores expense during the
year and indicate amount attributable to each
associate company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 163 - STORES EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE VIII
UNBILLED AND ACCRUED REVENUE
INSTRUCTIONS: Provide detail of items in this account. Items
less than $10,000 may be grouped, showing the number
of items in each group.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 173 - ACCRUED AND
UNBILLED REVENUE 23,186 8,948
TOTAL 23,186 8,948
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less
than $10,000 may be grouped by class showing the number
of items in each class.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 186 - MISCELLANEOUS DEFERRED
DEBITS
Deferred Billings 62,362 1,483
TOTAL 62,362 1,483
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research,
project which incurred costs by the service
corporation during the year.
BALANCE AT
DESCRIPTION CLOSE
OF YEAR
ACCOUNT 188 - RESEARCH, DEVELOPMENT OR
DEMONSTRATION EXPENDITURES 0
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XI - PROPRIETARY CAPITAL
PAR OR OUTSTANDING CLOSE
NUMBER OF STATED OF PERIOD
CLASS OF SHARES VALUE NO. OF TOTAL
ACCOUNT STOCK AUTHORIZED PER SHARE SHARES AMOUNT
NUMBER
201 COMMON 10,000 1.00 100 100
STOCK ISSUED
INSTRUCTIONS: Classify amounts in each account with brief
explanation, disclosing the general
nature of transactions which gave rise to the
reported amounts.
DESCRIPTION AMOUNT
ACCOUNT 207 - PREMIUM ON COMMON STOCK 9,900
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
TOTAL 9,900
BALANCE NET BALANCE
AT INCOME AT
DESCRIPTION BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
ACCOUNT 216 -
UNAPPROPRIATED
RETAINED
EARNINGS 55,400 74,864 0 130,264
TOTAL 55,400 74,864 0 130,264
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XII - LONG-TERM DEBT
INSTRUCTIONS: Advances from associate companies should be reported separately
for advances on notes, and advances on open account.
Names of associate companies from which advances were
received shall be shown under the class and series of
obligation column. For Account 224 - Other long-term
debt provide the name of creditor company or organization,
terms of the obligation,date of maturity, interest
rate, and the amount authorized and outstanding.
<TABLE>
<CAPTION>
TERMS OF
OBLIG CLASS DATE BALANCE
NAME OF & SERIES OF INTEREST AMOUNT 1/ AT CLOSE
CREDITOR OF OBLIGATION MATURITY RATE AMORTIZED ADDITIONS DEDUCTIONS OF YEAR
<S> <C> <C> <C> <C> <C> <C>
ACCOUNT 223 - ADVANCES FROM
ASSOCIATE COMPANIES 0 0 0 0
ACCOUNT 224 - OTHER LONG-TERM DEBT: 0 0 0 0
0 0 0 0
1/ GIVE AN EXPLANATION OF DEDUCTIONS:
</TABLE>
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTUCTIONS: Provide balance of notes and accounts payable to each
associate company. Give description and amount of miscellaneous
current and accrued liabilities. Items less than $10,000 may be
grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
ACCOUNT 233 - NOTES PAYABLE
TO ASSOCIATE COMPANIES 0 0
TOTAL 0 0
ACCOUNT 234 - ACCOUNTS
PAYABLE TO ASSOCIATE
COMPANIES
UNITIL Service Corp. 123,693 52,003
TOTAL 0 0
ACCOUNT 242 - MISCELLANEOUS
CURRENT AND ACCRUED
LIABILITIES 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account thereof.
Furnish particulars as to any significant contingent assets or
liabilities existing at the end of the year. Notes relating to
financial statements shown elsewhere in this report may be
indicated here by reference.
Selected Notes to the Financial Statements:
UNITIL Resources, Inc. (URI), a wholly-owned subsidiary of
UNITIL Corporation, a public utility holding company
provides consulting and other services on energy related
matters to non-affiliates. These services include power
brokering, financial, accounting, regulatory and related
operational services. URI is subject to the jurisdiction of
the Securities and Exchange Commission (SEC) under the
Public Utility Holding Company Act of 1935. URI prepares its
financial statements in conformity with generally accepted
accounting principles.
Please refer to the 1994 UNITIL Corporation Form 10-K for additional disclosures
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT DESCRIPTION CURRENT PRIOR
YEAR YEAR
INCOME
------
457 Services revenue 593,111 326,823
451.01 Accrued and unbilled service revenue 1,449 23,186
419 Interest Income 0 0
421 Miscellaneous income or loss 2,291 0
Total Income 596,851 350,009
EXPENSE
-------
920 Salaries and wages 0 0
921 Office supplies and expenses 691 31
922 Administrative expense
transferred - credit 0 0
923 Outside services employed 472,879 259,348
924 Property insurance 0 0
925 Injuries and damages 513 0
926 Employee pensions and benefits 0 0
928 Regulatory commission expense 0 0
930.1 General advertising expense 0 0
930.2 Miscellaneous general expense 0 0
931 Rents 0 0
932 Maintenance of structures
and equipment 0 0
403 Depreciation and 0 0
amortization expense
408 Taxes other than income taxes 0 0
409 Income taxes 47,426 35,230
410 Provision for deferred 0 0
income taxes
411 Provision for deferred
income taxes - credit 0 0
411.5 Investment tax credit 0 0
426.1 Donations 0 0
426.5 Other deductions 99 0
427 Interest on long-term debt 0 0
430 Interest on debt to associate
companies 0 0
431 Other interest expense 0 0
Total Expense 521,987 294,609
Net Income or (Loss) 74,864 55,400
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 451
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE CHARGED CHARGED OF CAPITAL BILLED
COMPANY
451 451 451
NONE
TOTAL 0 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 451
DIRECT INDIRECT COMPENSATION EXCESS
NAME OF COSTS COSTS FOR USE TOTAL OR TOTAL
NONASSOCIATE CHARGED CHARGED OF CAPITAL CHARGES DEFICIENCY AMOUNT
COMPANY 451 451 451 451 BILLED
Great Bay Power
Corporation 529,739 0 529,739 0 529,739
Milford LP 47,734 0 47,734 0 47,734
World Bank 15,638 0 15,638 0 15,638
Total 593,111 0 0 593,111 0 593,111
INSTRUCTIONS: Provide a brief description of the services
rendered to each nonassociate company.
GBPC - Power brokering, asset management, and administrative services for
12.1324% ownership in Seabrook nuclear power station.
Milford LP - Power brokering services
World Bank - Consulting Services
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
<TABLE>
<CAPTION>
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE COMPANY AND NONASSOCIATE COMPANIES
DESCRIPTION OF ITEMS DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT
COST COST TOTAL COST COST TOTAL COST COST TOTAL
<S> <S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES 0 0 0 0 0
921 OFFICE SUPPLIES AND EXPENSES Non-applicable 0 0 0 0 0
922 ADMIN EXPENSE TRANS-CREDIT 0 0 0 0 0
923 OUTSIDE SERVICES EMPLOYED 0 0 0 0 0
924 PROPERTY INSURANCE 0 0 0 0 0
925 INJURIES AND DAMAGES 0 0 0 0 0
926 EMPLOYEE PENSIONS 0 0 0 0 0
AND BENEFITS
928 REGULATORY COMMISSION 0 0 0 0 0
EXPENSE
930.1 GENERAL ADVERTISING 0 0 0 0 0
EXPENSE
930.2 MISC. GENERAL EXPENSE 0 0 0 0 0
931 RENTS 0 0 0 0 0
932 MAINT. OF STRUCT.& EQUIP 0 0 0 0 0
403 DEPR. AND AMORT. EXPENSE 0 0 0 0 0
408 TAXES OTHER THAN INCOME 0 0 0 0 0
409 INCOME TAXES 0 0 0 0 0
410 PROV FOR DEF INC TAXES 0 0 0 0 0
411 PROV FOR DEF INC TAX CREDIT 0 0 0 0 0
411.5 INVESTMENT TAX CREDIT 0 0 0 0 0
419 INTEREST INCOME 0 0 0 0 0
426.1 DONATIONS 0 0 0 0 0
426.5 OTHER DEDUCTIONS 0 0 0 0 0
427 INTEREST ON LONG-TERM DEBT 0 0 0 0 0
431 OTHER INTEREST EXPENSE 0 0 0 0 0
SUBTOTAL EXPENSES 0 0 0 0 0 0 0 0 0
COMPENSATION FOR USE OF
EQUITY CAPITAL 0 0 0
430 INTEREST ON DEBT TO 0 0 0 0 0 0 0 0 0
ASSOCIATE COMPANIES
TOTAL EXPENSES 0 0 0 0 0 0 0 0 0
421 MISCELLANEOUS INCOME 0 0 0 0 0 0 0 0 0
TOTAL COST OF SERVICE 0 0 0 0 0 0 0 0 0
</TABLE>
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR FUNCTION
DEPARTMENT OR
FUNCTION
TOTAL OVER-
AMOUNT HEAD NONE
920 SALARIES AND WAGES 0
921 OFFICE SUPPLES AND 0 Non-applicable
EXPENSES
922 ADMIN. EXPENSE 0
TRANS-CREDIT
923 OUTSIDE SERVICES EMPLOYED 0
924 PROPERTY INSURANCE 0
925 INJURIES AND DAMAGES 0
926 EMPLOYEE PENSIONS AND 0
BENEFITS
928 REGULATORY COMMISSION 0
EXPENSE
930.1 GENERAL ADVERTISING 0
EXPENSE
930.2 MISC. GENERAL EXPENSE 0
931 RENTS 0
932 MAINT. OF STRUCT. & 0
EQUIP.
403 DEPR. AND AMORT. EXPENSE 0
408 TAXES OTHER THAN INCOME 0
409 INCOME TAXES 0
410 PROV. FOR DEF. INC. TAXES 0
411 PROV. FOR DEF. INC. TAX 0
CREDIT
411.5 INVESTMENT TAX CREDIT 0
426.1 DONATIONS 0
426.5 OTHER DEDUCTIONS 0
427 INTEREST ON LONG-TERM DEBT 0
430 INTEREST ON DEBT TO 0
ASSOCIATE COMPANIES
431 OTHER INTEREST EXPENSE 0
TOTAL EXPENSES - 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
DEPARTMENTAL SALARY EXPENSE
NAME OF INCLUDE IN AMOUNTS NUMBER
DEPARTMENT BILLED TO PERSONNEL
Indicate each TOTAL PARENT OTHER NON END OF
department AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
or service
function
Non-applicable
TOTAL 0 0 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of
outside services employed.
If the aggregate amounts paid to any one
payee and included within
one subaccount is less than $25,000,
only the aggregate number
and amount of all such payments included
within the subaccount
need be shown. Provide a subtotal for
each type of service.
RELATIONSHIP
"A"=
ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Outside Services-Accounting and Management
UNITIL Service Corp. 216 Epping Road A 457,490
Exeter, NH 03833
Outside Services - Legal
LeBoef, Lamb, Green & 260 Franklin Street NA 15,389
MacRae Boston, MA 02110-3173
-------
Total 472,879
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan
and benefit
program provided by the service
company. Such
listing should be
limited to $25,000.
DESCRIPTION AMOUNT
NONE
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amounts included in Account 930.1
"General Advertising Expenses", classifying the items
according to the nature of the advertising and as defined in
the account description. If a particular class includes an
amount excess of $3,000 applicable to a single payee, show
separately the name of the payee and the aggregate amount
applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT
NONE
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount includedin Account 930.02
"Miscellaneous General Expense", classifying such expenses
according to their nature. Payments and expenses permitted
by Section 321 (b) (2) of the Federal Election Campaign Act,
as amended by Public Law 94-283 in 1976 (2 U.S.C. 441(b)(2)
shall be separately classified.
DESCRIPTION AMOUNT
State of New Hampshire 100
SEC Filing Fees 250
Miscellaneous 29
TOTAL 379
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents"
classifying such expenses by major groupings of property, as
defined in the account definition of the Uniform System of
Accounts.
TYPE OF PROPERTY AMOUNT
NONE
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTIONS: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U. S. Government and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts
there of. Provide a subtotal for each class of tax.
KIND OF TAX AMOUNT
NONE
TOTAL 309,066
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
DONATIONS
ACCOUNT 426.1
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose.
The aggregate number and amount of all items of less
than $3,000 may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
NONE
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in Account
426.5 "Other Deductions", classifying such expenses
according to their nature.
DESCRIPTION NAME OF PAYEE AMOUNT
Penalty Internal Revenue Service 99
TOTAL 99
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars
as to any significant increases in services rendered or expenses
incurred during the year. Notes relating to financial statements
shown elsewhere in this report may be indicated here by reference.
See page 19.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
ORGANIZATION CHART
See page 36A.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
ORGANIZATION CHART AS OF DECEMBER 31, 1994
POSITION NAME
President G.R. GANTZ
Vice President M.J. Dalton
Vice President J.G. Daly
Vice President - Treasurer G.A. Siart
Secretary S.L. Walker
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
METHODS OF ALLOCATION
See UNITIL Service Corp. U-13-60
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
Non applicable
ANNUAL REPORT OF UNITIL RESOURCES, INC.
For the Year Ended December 31, 1994
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the undersigned
officer thereunto duly authorized,
UNITIL Resources, Inc.
(Name of Reporting Company)
By: George R. Gantz
-----------------------------
(Signature of Signing Officer)
George R. Gantz, President
(Printed Name and Title of Signing Officer)
Date: April 26, 1995
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<NUMBER> 06
<NAME> UNITIL Resources, Inc.
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<PERIOD-TYPE> YEAR
<BOOK-VALUE> PER-BOOK
<S> <C>
<NET-SERVICE-COMPANY-PROPERTY> 0
<TOTAL-INVESTMENTS> 0
<TOTAL-CURRENT-ASSETS> 173,228
<TOTAL-DEFERRED-DEBITS> 1,483
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<TOTAL-PROPRIETARY-CAPITAL> 140,264
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 34,447
<TOTAL-DEFERRED-CREDITS> 0
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<TOT-LIABIL-AND-PROPRIET-CAP> 174,711
<SERVICES-ASSOCIATE-COMPANIES> 593,111
<SERVICES-NON-ASSOCIATE-COMP> 1,449
<MISC-INCOME-OR-LOSS> 2,291
<TOTAL-INCOME> 596,851
<SALARIES-AND-WAGES> 0
<EMPLOYEE-PENSION-AND-BENEFIT> 0
<OTHER-EXPENSES> 521,987
<TOTAL-EXPENSES> 521,987
<NET-INCOME> 74,864
<TOTAL-EXPENSES-DIRECT-COST> 0
<TOTAL-EXPENSES-INDIRECT-COST> 0
<TOT-EXP-DIRECT-AND-INDIRECT> 521,987
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</TABLE>
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