UNCONSOLIDATED INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2011

Unconsolidated Investments Mainly in Power Plants

Unconsolidated investments, mainly in power plants, consist of the following:

	September 30, 2011		December 31, 2010
	(Dollars in thousands)
Sarulla	$	2,287	$	2,244
Watts & More Ltd.		1,710		2,000
	$	3,997	$	4,244

Condensed Financial Position and Results of Operations of Mammoth Pacific

The condensed results of operations of Mammoth Pacific for the period from January 1, 2010 to August 1, 2010 are summarized below:

	(Dollars in thousands)
Condensed statements of operations:
Revenues	$	11,484
Gross margin		2,670
Net income		2,528
Company’s equity in income of Mammoth:
50% of Mammoth net income	$	1,264
Plus amortization of basis difference		345
		1,609
Less income taxes		(611	)
Total	$	998