Attached files
| file | filename |
|---|---|
| 10-K - 2010 FORM 10-K - DELTA NATURAL GAS CO INC | form10k2010.htm |
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - DELTA NATURAL GAS CO INC | exhibit23.htm |
| EX-10.H - FTS 1 SERVICE AGREEMENTS - DELTA NATURAL GAS CO INC | exhibit10h.htm |
| EX-10.G - GTS SERVICE AGREEMENTS - DELTA NATURAL GAS CO INC | exhibit10g.htm |
| EX-10.F - NAMI AGREEMENT - DELTA NATURAL GAS CO INC | exhibit10f.htm |
| EX-31.1 - CERTIFICATION OF CEO - DELTA NATURAL GAS CO INC | exhibit311.htm |
| EX-31.2 - CERTIFICATION OF CFO - DELTA NATURAL GAS CO INC | exhibit312.htm |
| EX-32.2 - CERTIFICATION OF CFO - DELTA NATURAL GAS CO INC | exhibit322.htm |
| EX-32.1 - CERTIFICATION OF CEO - DELTA NATURAL GAS CO INC | exhibit321.htm |
EXHIBIT 12
DELTA NATURAL GAS COMPANY, INC.
COMPUTATION OF THE CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES
|
2010
|
2009
|
2008
|
2007
|
2006
|
||||||||||||
|
Earnings
|
||||||||||||||||
|
Net income
|
$
|
5,651,817
|
$
|
5,210,729
|
$
|
6,829,868
|
$
|
5,298,347
|
$
|
5,024,635
|
||||||
|
Provisions for income
|
||||||||||||||||
|
taxes (a)
|
3,192,285
|
3,008,396
|
4,146,900
|
3,156,700
|
2,982,900
|
|||||||||||
|
Fixed charges
|
4,194,192
|
4,553,657
|
4,796,489
|
4,673,261
|
5,006,608
|
|||||||||||
|
Total
|
$
|
13,038,294
|
$
|
12,772,782
|
$
|
15,773,257
|
$
|
13,128,308
|
$
|
13,014,143
|
||||||
|
Fixed Charges
|
||||||||||||||||
|
Interest on debt (a)
|
$
|
3,781,929
|
$
|
4,140,394
|
$
|
4,383,223
|
$
|
4,260,179
|
$
|
4,704,075
|
||||||
|
Amortization of debt
|
387,263
|
387,263
|
387,266
|
387,082
|
273,533
|
|||||||||||
|
One third of rental
|
||||||||||||||||
|
expense
|
25,000
|
26,000
|
26,000
|
26,000
|
29,000
|
|||||||||||
|
Total
|
$
|
4,194,192
|
$
|
4,553,657
|
$
|
4,796,489
|
$
|
4,673,261
|
$
|
5,006,608
|
||||||
|
Ratio of earnings to
|
||||||||||||||||
|
fixed charges
|
3.11
|
x
|
2.80
|
x
|
3.29
|
x
|
2.81
|
x
|
2.60
|
x
|
||||||
|
(a)
|
Interest accrued on uncertain tax positions, in accordance with Financial Accounting Standards Board Interpretation No. 48, is presented in income taxes on the 2010, 2009 and 2008 Consolidated Statements of Income. This interest has been excluded from the determination of fixed charges.
|