CASH FLOW PERFORMANCE

12 Months Ended

Dec. 31, 2011

CASH FLOW PERFORMANCE

CASH FLOW PERFORMANCE

(5) CASH FLOW PERFORMANCE

Cash flow performance (based on definitions used in the Partnership Agreement) for the past three years is shown below (000’s):

	2011		2010			2009
Gross revenues (including interest and other income)	$	18,574	$	15,610		$	16,921
Less:
Farming costs	12,705		12,517			12,686
Administrative costs	1,784		1,778			1,900
Income tax expense	99		21			62
Payments of principal and interest	1,825		1,820			594
Net cash flow (as defined in the Partnership Agreement)	$	2,161	$	(526	)	$	1,679

The 2010 gross revenues reported above exclude the $120,000 bargain purchase price gain related to the IASCO acquisition. All of net cash flow in 2011, 2010 and 2009 was allocated to Class A Units. This cash flow measure is used to determine the management fee paid annually to the general partner and forms the basis of distributable cash per unit.  No management fee was recorded in 2011, 2010 and 2009 as the Partnership purchased the stock of the managing partner MLR in January 2005 and the management fee was eliminated in consolidation.