EX-99 2 fiftieth-exa.htm EX-A INCOME STATEMENT Exhibit A - fortyninth 70-7833

Exhibit A

NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT

Three
Months Ended
June 30, 2004

Actual

 Twelve
Months Ended
June 30, 2004

Actual

Operating Revenues     $  67,376,217   $ 282,850,067  
Operating Expenses:    
Purchased Gas        64,774,050     271,405,693  
Purchased Electric       (577 )   (1,247 )
Operation         677,409     3,355,094  
Depreciation, Depletion    
   & Amortization       23,459     111,064  
Franchise & Other Taxes        77,689     404,063  
         65,542,030     275,274,667  
Operating Income       1,834,187     7,575,400  
Interest Income       221,606     828,559  
Interest Expense           (24,381)     15,530  
Net Income Before Taxes       2,080,174     8,388,429  
Income Taxes:    
Federal         412,100     2,514,166  
State       105,468     (880 )
Deferred       321,826     550,605  
          839,394     3,063,891  
Net Income     $ 1,240,780   $ 5,324,538