EX-12 2 ex12.htm EXHIBIT 12 ex12.htm
EXHIBIT 12

DELTA NATURAL GAS COMPANY, INC.
COMPUTATION OF THE CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES

   
2009
    
2008
    
2007
    
2006
    
2005
  
                               
Earnings
                              
Net income
   $ 5,210,729     $ 6,829,868     $ 5,298,347     $ 5,024,635     $ 4,998,619  
Provisions for income taxes (a)
     3,008,396       4,146,900       3,156,700       2,982,900       3,138,800  
Fixed charges
     4,553,657       4,796,489       4,673,261       5,006,608       4,494,445  
                                         
Total
   $ 12,772,782     $ 15,773,257     $ 13,128,308     $ 13,014,143     $ 12,631,864  
                                         
                                         
Fixed Charges
                                        
Interest on debt (a)
   $ 4,140,394     $ 4,383,223     $ 4,260,179     $ 4,704,075     $ 4,229,261  
Amortization of debt
     387,263       387,266       387,082       273,533       236,184  
One third of rental expense
     26,000       26,000       26,000       29,000       29,000  
                                         
Total
   $ 4,553,657     $ 4,796,489     $ 4,673,261     $ 5,006,608     $ 4,494,445  
                                         
                                         
Ratio of earnings to fixed charges
     2.80 x      3.29 x      2.81 x      2.60 x      2.81 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 2009 and 2008 Consolidated Statements of Income.  This interest has been excluded from the determination of fixed charges.