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Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT (1)
FOR THE PERIOD
Beginning January 1, 1997 and Ending December 31, 1997
TO THE
US SECURITIES AND EXCHANGE COMMISSION
OF
UNITIL RESOURCES, INC.
Date of Incorporation May 26, 1993
State of Incorporation New Hampshire
Location of Principal Executive Offices of Reporting Company:
6 Liberty Lane West
Hampton, New Hampshire 03842-1720
Name, Title and address of officer to whom correspondence concerning this
report should be addressed:
Laurence M. Brock, Controller
6 Liberty Lane West
Hampton, New Hampshire 03842-1720
Name of Principal Holding Company Whose Subsidaries are served by Reporting
Company:
UNITIL Corporation
(1) This report is being filed pursuant to the requirements of H.C.A.R.
Number 35-25816, which specifies that UNITIL Resources, Inc. must file an
annual report using, where applicable, Form U-13-60 reporting format.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Description of Schedules and Accounts Schedule or Account Page
Number Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
FINANCIAL DATA SCHEDULE Schedule XIX 36
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or Statements
ORGANIZATION CHART 37
METHODS OF ALLOCATION 38
ANNUAL STATEMENT OF COMPENSATION
FOR USE OF CAPITAL BILLED 39
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current and prior
year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
101 Service company property (Schedule II) 0 0
107 Construction work in progress (Schedule II) 0 0
Total Property 0 0
108 Less accumulated provision for depreciation
and amortization of service company
property (Schedule III) 0 0
Net Service Company Property 0 0
INVESTMENTS
123 Investments in associate companies (Schedule IV) 0 0
124 Other investments (Schedule IV) 0 0
Total investments 0 0
CURRENT AND ACCRUED ASSETS
131 Cash 51,232 2,491
134 Special deposits 0 0
135 Working funds 0 0
136 Temporary cash investments (Schedule IV) 0 0
141 Notes receivable 0 0
143 Accounts receivable 86,650 74,086
144 Accumulated provision for uncollectable
accounts (2,465) (2,482)
146 Accounts receivable from associate
companies (Schedule V) 254 0
152 Fuel stock expense undistributed (Schedule VI) 0 0
154 Materials and supplies 0 0
163 Stores expense undistributed (Schedule VII) 0 0
165 Prepayments 104 0
173 Unbilled and Accrued Revenues 0 0
(Schedule VIII) 85,537 39,623
Total Current and Accrued Assets 221,312 113,718
DEFERRED DEBITS
181 Unamortized debt expense 0 0
184 Clearing accounts 0 0
186 Miscellaneous deferred debits (Schedule IX) 0 0
188 Research, development, or demonstration
expenditures (Schedule X) 0 0
190 Accumulated deferred income tax 0 0
Total Deferred Debits 0 0
TOTAL ASSETS AND OTHER DEBITS 221,312 113,718
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
201 Common stock issued (Schedule XI) 100 100
207 Premium on common stock (Schedule XI) 9,900 9,900
211 Miscellaneous Paid in Capital 100,000 0
215 Appropriated retained earnings (Schedule XI) 0 0
216 Unappropriated retained earnings (Schedule XI) (85,371) 45,119
Total Proprietary Capital 24,629 55,119
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) 0 0
224 Other long-term debt (Schedule XII) 0 0
225 Unamortized premium on long- term debt 0 0
226 Unamortized discount on long-term debt-debit 0 0
Total Long-Term Debt 0 0
227 Obligations under capital leases - non-current 0 0
CURRENT AND ACCRUED LIABILITIES
231 Notes payable 150,810 0
232 Accounts payable 3,202 8
233 Notes payable to associate
companies (Schedule XIII) 0 0
234 Accounts payable to associate
companies (Schedule XIII) 110,945 102,797
236 Taxes accrued (67,597)(179,804)
237 Interest accrued 0 0
238 Dividends declared 0 0
241 Tax collections payable 0 0
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 279 136,560
243 Obligations under capital leases - current 0 0
Total Current and Accrued Liabilities 197,639 59,562
DEFERRED CREDITS
253 Other deferred credits 0 0
255 Accumulated deferred investment tax credits 0 0
Total Deferred Credits 0 0
282 ACCUMULATED DEFERRED INCOME TAXES (956) (962)
TOTAL LIABILITIES AND PROPRIETARY CAPITAL 221,312 113,718
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE II - COMPANY PROPERTY
BALANCE AT RETIREMENTS OTHER BALANCE
BEGINNING ADDITIONS OR CHANGES 1/ AT CLOSE
DESCRIPTION OF YEAR SALES OF YEAR
SERVICE COMPANY PROPERTY
Account
NONE
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 2/
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/
SUB-TOTAL 0 0 0 0 0
107 CONSTRUCTION WORK IN
PROGRESS
TOTAL 0 0 0 0 0
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS
DURING THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
BALANCE AT
SUBACCOUNT DESCRIPTION ADDITIONS CLOSE OF
YEAR
None
TOTAL 0 0
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
NONE
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
NONE
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE AT ADDITIONS OTHER BALANCE
BEGINNING CHARGED CHANGES AT CLOSE
DESCRIPTION OF YEAR TO ACCOUNT RETIRE- ADD OF YEAR
403 MENTS (DEDUCT)1/
Account NONE
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND
RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES,
OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY
TOTAL 0 0 0 0 0
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124 "Other Investments" state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 123 - INVESTMENT IN ASSOCIATED COMPANIES 0 0
ACCOUNT 124 - OTHER INVESTMENTS 0 0
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accommodation or convenience payments for associate
companies, a separate listing of total payments for each
company, number of shares or principal amount
associate company by subaccount should be provided.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE 0 254
COMPANIES
TOTAL 0 254
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:
NONE
TOTAL PAYMENTS 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to fuel stock expense during the year and indicate amount
attributable to each associate company. Under the section
headed "Summary" listed below give an overall report of the
fuel functions performed by the service company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 152 - FUEL STOCK EXPENSE UNDISTRIBUTED 0 0 0
TOTAL 0 0 0
SUMMARY:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to stores expense during the year and indicate amount
attributable to each associate company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED 0 0 0
TOTAL 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE VIII
UNBILLED AND ACCRUED REVENUE
INSTRUCTIONS: Provide detail of items in this account. Items less
than $10,000 may be grouped, showing the number of
items in each group.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 173 - ACCRUED AND UNBILLED REVENUE 39,623 85,537
TOTAL 39,623 85,537
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less
than $10,000 may be grouped by class showing the number
of items in each class.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Deferred Billings 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research,
development, or demonstration project which incurred
costs by the service corporation during the year.
BALANCE AT
DESCRIPTION CLOSE
OF YEAR
ACCOUNT 188 - RESEARCH, DEVELOPMENT OR
DEMONSTRATION EXPENDITURES 0
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XI - PROPRIETARY CAPITAL
NUMBER OF OUTSTANDING CLOSE OF PERIOD
ACCOUNT CLASS OF SHARES PAR OR STATED
NUMBER STOCK AUTHORIZED VALUE PER SHARE NO. OF SHARES TOTAL AMOUNT
201 COMMON STOCK
ISSUED 10,000 1.00 100 100
INSTRUCTIONS: Classify amounts in each account with brief explanation,
disclosing the general nature of transactions which gave rise to the
reported amounts.
DESCRIPTION AMOUNT
ACCOUNT 207 - PREMIUM ON COMMON STOCK 9,900
ACCOUNT 211 - MISCELLANEOUS PAID IN CAPITAL 100,000
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
TOTAL 109,900
BALANCE AT NET INCOME BALANCE AT
DESCRIPTION BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
ACCOUNT 216 -
UNAPPROPRIATED RETAINED
EARNINGS 45,119 (130,490) 0 (85,371)
TOTAL 45,119 (130,490) 0 (85,371)
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XII - LONG-TERM DEBT
INSTRUCTIONS:Advances from associate companies should be reported separately
for advances on notes, and advances on open account. Names of associate
companies from which advances were received shall be shown under the class
and series of obligation column. For Account 224 - Other long-term debt
provide the name of creditor company or organization, terms of the
obligation,date of maturity, interest rate, and the amount authorized and
outstanding.
TERMS OF
OBLIG CLASS DATE BALANCE BALANCE
NAME OF & SERIES OF INT. AMOUNT AT CLOSE 1/ AT CLOSE
CREDITOR OF OBLIGATION MAT. RATE AUTH. OF YEAR ADDS DEDUCTS OF YEAR
ACCOUNT 223 - ADVANCES FROM ASSOCIATE
COMPANIES 0 0 0 0
ACCOUNT 224 - OTHER LONG-TERM DEBT: 0 0 0 0
TOTAL 0 0 0 0
1/ GIVE AN EXPLANATION OF DEDUCTIONS:
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current
and accrued liabilities. Items less than $10,000 may be
grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES 0 150,810
MONEY POOL
TOTAL 0 150,810
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
Unitil Service Corp. 9,530 5,319
Unitil Power Corp. 93,267 105,627
TOTAL 102,797 110,946
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
Accrued Expenses 136,560 279
TOTAL 136,560 279
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENT
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars
as to any significant contingent assets or liabilities existing
at the end of the year. Notes relating to financial statements
shown elsewhere in this report may be indicated here by reference.
Selected Notes to the Financial Statements:
UNITIL Resources, Inc. (URI), a wholly-owned subsidiary of UNITIL Corporation,
a public utility holding company, provides consulting and other services on
energy related matters to non-affiliates. These services include power brokering
financial, accounting, regulatory and related operational services. URI is
subject to the jurisdiciton of the Securities and Exchange Commission (SEC)
under the Public Utility Holding Company Act of 1935. URI prepares its
financial statements in conformity with generally accepted accounting
principles.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT DESCRIPTION CURRENT PRIOR
YEAR YEAR
INCOME
451 Service revenue 444,012 128,265
451.01 Accrued and unbilled service revenue 45,914 39,663
419 Interest Income 0 0
421 Miscellaneous income or loss 2,027 14,438
Total Income 491,953 182,366
EXPENSE
920 Salaries and wages 0 0
921 Office supplies and expenses 4,253 5,825
922 Administrative expense transferred -
credit 0 0
923 Outside services employed 151,360 376,970
924 Property insurance 0 0
925 Injuries and damages 513 863
926 Employee pensions and benefits 0 0
928 Regulatory commission expense 0 0
930.1 General advertising expense 604 53,227
930.2 Miscellaneous general expense 100 10,157
931 Rents 0 0
932 Maintenance of structures and
equipment 0 0
403 Depreciation and amortization expense 0 0
408 Taxes other than income taxes 0 0
409 Income taxes (35,668) (179,138)
410 Provision for deferred income taxes 6 (962)
411 Provision for deferred income taxes -
credit 0 0
411.5 Investment tax credit 0 0
426.1 Donations 0 0
426.5 Other deductions 0 0
427 Interest on long-term debt 0 0
430 Interest on debt to associate companies 0 0
431 Other interest expense 9,478 592
555 Purchase power expense 491,796 200,909
904 Customer accounting expense 0 2,500
Total Expense 622,442 470,943
Net Income or (Loss) (130,489) (288,577)
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 451
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
451 451 451
NONE
TOTAL 0 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 451
DIRECT INDIRECT COMPENSATION EXCESS
NAME OF COSTS COSTS FOR USE TOTAL OR TOTAL
NONASSOCIATE CHARGED CHARGED OF CAPITAL CHARGES DEFICIENCY AMOUNT
COMPANY 451 451 451 451 BILLED
Short Term
Contracts 6,200 0 6,200 0 6,200
NH Pilot Program 483,726 0 483,726 0 483,726
Total 489,926 0 0 489,926 0 489,926
INSTRUCTION: Provide a brief description of the services rendered to each
nonassociate company.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
ASSOCIATE COMPANY CHARGES
DESCRIPTION OF ITEMS DIRECT INDIRECT
COST COST TOTAL
920 SALARIES AND WAGES NOT APPLICABLE 0
921 OFFICE SUPPLES AND EXPENSES 0
922 ADMIN EXPENSE TRANS-CREDIT 0
923 OUTSIDE SERVICES EMPLOYED 0
924 PROPERTY INSURANCE 0
925 INJURIES AND DAMAGES 0
926 EMPLOYEE PENSIONS AND BENEFITS 0
928 REGULATORY COMMISSION EXPENSE 0
930.1 GENERAL ADVERTISING EXPENSE 0
930.2 MISC. GENERAL EXPENSE 0
931 RENTS 0
932 MAINT. OF STRUCT. & EQUIP. 0
403 DEPR. AND AMORT. EXPENSE 0
408 TAXES OTHER THAN INCOME 0
409 INCOME TAXES 0
410 PROV FOR DEF INC TAXES 0
411 PROV FOR DEF INC TAX CREDIT 0
411.5 INVESTMENT TAX CREDIT 0
419 INTEREST INCOME 0
426.1 DONATIONS 0
426.5 OTHER DEDUCTIONS 0
427 INTEREST ON LONG-TERM DEBT 0
431 OTHER INTEREST EXPENSE 0
SUBTOTAL EXPENSES 0 0 0
COMPENSATION FOR USE OF EQUITY CAPITAL 0
430 INTEREST ON DEBT TO ASSOCIATE CO.'S 0 0 0
TOTAL EXPENSES 0 0 0
421 MISCELLANEOUS INCOME 0 0 0
TOTAL COST OF SERVICE 0 0 0
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
NONASSOCIATE COMPANY CHARGES
DESCRIPTION OF ITEMS DIRECT INDIRECT
COST COST TOTAL
920 SALARIES AND WAGES 0
921 OFFICE SUPPLES AND EXPENSES 0
922 ADMIN EXPENSE TRANS-CREDIT 0
923 OUTSIDE SERVICES EMPLOYED 0
924 PROPERTY INSURANCE 0
925 INJURIES AND DAMAGES 0
926 EMPLOYEE PENSIONS AND BENEFITS 0
928 REGULATORY COMMISSION EXPENSE 0
930.1 GENERAL ADVERTISING EXPENSE 0
930.2 MISC. GENERAL EXPENSE 0
931 RENTS 0
932 MAINT. OF STRUCT. & EQUIP. 0
403 DEPR. AND AMORT. EXPENSE 0
408 TAXES OTHER THAN INCOME 0
409 INCOME TAXES 0
410 PROV FOR DEF INC TAXES 0
411 PROV FOR DEF INC TAX CREDIT 0
411.5 INVESTMENT TAX CREDIT 0
419 INTEREST INCOME 0
426.1 DONATIONS 0
426.5 OTHER DEDUCTIONS 0
427 INTEREST ON LONG-TERM DEBT 0
431 OTHER INTEREST EXPENSE 0
SUBTOTAL EXPENSES 0 0 0
COMPENSATION FOR USE OF EQUITY CAPITAL 0
430 INTEREST ON DEBT TO ASSOCIATE CO.'S 0 0 0
TOTAL EXPENSES 0 0 0
421 MISCELLANEOUS INCOME 0 0 0
TOTAL COST OF SERVICE 0 0 0
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
TOTAL CHARGES FOR SERVICE
DESCRIPTION OF ITEMS DIRECT INDIRECT
COST COST TOTAL
920 SALARIES AND WAGES 0 0 0
921 OFFICE SUPPLES AND EXPENSES 0 0 0
922 ADMIN EXPENSE TRANS-CREDIT 0 0 0
923 OUTSIDE SERVICES EMPLOYED 0 0 0
924 PROPERTY INSURANCE 0 0 0
925 INJURIES AND DAMAGES 0 0 0
926 EMPLOYEE PENSIONS AND BENEFITS 0 0 0
928 REGULATORY COMMISSION EXPENSE 0 0 0
930.1 GENERAL ADVERTISING EXPENSE 0 0 0
930.2 MISC. GENERAL EXPENSE 0 0 0
931 RENTS 0 0 0
932 MAINT. OF STRUCT. & EQUIP. 0 0 0
403 DEPR. AND AMORT. EXPENSE 0 0 0
408 TAXES OTHER THAN INCOME 0 0 0
409 INCOME TAXES 0 0 0
410 PROV FOR DEF INC TAXES 0 0 0
411 PROV FOR DEF INC TAX CREDIT 0 0 0
411.5 INVESTMENT TAX CREDIT 0 0 0
419 INTEREST INCOME 0 0 0
426.1 DONATIONS 0 0 0
426.5 OTHER DEDUCTIONS 0 0 0
427 INTEREST ON LONG-TERM DEBT 0 0 0
431 OTHER INTEREST EXPENSE 0 0 0
SUBTOTAL EXPENSES 0 0 0
COMPENSATION FOR USE OF EQUITY CAPITAL 0
430 INTEREST ON DEBT TO ASSOCIATE CO.'S 0 0 0
TOTAL EXPENSES 0 0 0
421 MISCELLANEOUS INCOME 0 0 0
TOTAL COST OF SERVICE 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
DEPARTMENT OR FUNCTION
DESCRIPTION OF ITEMS TOTAL OVER-
AMOUNT HEAD NONE
920 SALARIES AND WAGES 0
921 OFFICE SUPPLES AND EXPENSES 0 Non-applicable
922 ADMIN. EXPENSE TRANS-CREDIT 0
923 OUTSIDE SERVICES EMPLOYED 0
924 PROPERTY INSURANCE 0
925 INJURIES AND DAMAGES 0
926 EMPLOYEE PENSIONS AND BENEFITS 0
928 REGULATORY COMMISSION EXPENSE 0
930.1 GENERAL ADVERTISING EXPENSE 0
930.2 MISC. GENERAL EXPENSE 0
931 RENTS 0
932 MAINT. OF STRUCT. & EQUIP. 0
403 DEPR. AND AMORT. EXPENSE 0
408 TAXES OTHER THAN INCOME 0
409 INCOME TAXES 0
410 PROV. FOR DEF. INC. TAXES 0
411 PROV. FOR DEF. INC. TAX CREDIT 0
411.5 INVESTMENT TAX CREDIT 0
426.1 DONATIONS 0
426.5 OTHER DEDUCTIONS 0
427 INTEREST ON LONG-TERM DEBT 0
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES 0
431 OTHER INTEREST EXPENSE 0
TOTAL EXPENSES - 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
DEPARTMENT SALARY EXPENSE NUMBER
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
Indicate each department TOTAL PARENT OTHER NON END OF
or service function AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
Non-applicable
TOTAL 0 0 0 0 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $100,000, only the aggregate number
and amount of all such payments included within the subaccount
need be shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"= ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Outside Services - Accounting and Management
UNITIL Service Corp. A 117,723
Outside Services - Legal
LeBoeuf, Lamb, Green, & MacRae NA 25,323
Outside Services -Audit
Grant Thornton NA 2,001
Outside Services - Other NA 6,313
TOTAL 151,360
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan and benefit
program provided by the service company. Such
listing should be limited to $25,000.
DESCRIPTION AMOUNT
NONE
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amounts included in Account
930.1 "General Advertising Expenses", classifying the items according to the
nature of the advertising and as defined in the account definition. If a
particular class includes an amount in excess of $3,000 applicable to a
single payee, show separately the name of the payee and the aggregate amount
applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT
Advertising Miscellaneous 604
TOTAL 604
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included in Account 930.02
"Miscellaneous General Expense", classifying such expenses
according to their nature. Payments and expenses permitted by
Section 321 (b) (2) of the Federal Election Campaign Act, as
amended by Public Law 94-283 in 1976 (2 U.S.C. 441 (b) (2)
shall be separately classified.
DESCRIPTION AMOUNT
State of New Hampshire 100
TOTAL 100
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931,
"Rents" classifying such expenses by major groupings of property, as defined
in the account definition of the Uniform System of Accounts.
TYPE OF PROPERTY AMOUNT
None
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTIONS: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U. S. Government and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts there of.
Provide a subtotal for each class of tax.
KIND OF TAX AMOUNT
None
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
DONATIONS
ACCOUNT 426.1
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000
may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
None
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5,
"Other Deductions", classifying such expenses according to
their nature.
DESCRIPTION NAME OF PAYEE AMOUNT
None
TOTAL 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding
the statement of income or any account thereof. Furnish particulars as to
any significant increases in services rendered or expenses incurred during
the year. Notes relating to financial statements shown elsewhere in this
report may be indicated here by reference.
See page 19.
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SCHEDULE XIX - FINANCIAL DATA SCHEDULE
ITEM NO. CAPTION HEADING AMOUNT
1 Net Service Company Property 0
2 Total Investments 0
3 Total Current and Accrued Assets 221,312
4 Total Deferred Debits 0
5 Balancing Amount for Total Assets and Other Debits 0
6 Total Assets and Other Debits 221,312
7 Total Proprietary Capital 24,629
8 Total Long-Term Debt 0
9 Notes Payable 0
10 Notes Payable to Associate Companies 0
11 Balancing Amount for Total Current and Accrued Liabilities 197,639
12 Total Deferred Credits 0
13 Accumulated Deferred Income Taxes (956)
14 Total Liabilities and Proprietary Capital 221,312
15 Service Revenue 444,012
16 Accrued and Unbilled Service Revenue 45,914
17 Miscellaneous Income or Loss 2,027
18 Total Income 491,953
19 Salaries and Wages 0
20 Employee Pensions and Benefits 0
21 Balancing Amount for Total Expenses 622,442
22 Total Expenses 622,442
23 Net Income (Loss) (130,489)
24 Total Expenses (Direct Costs) N/A
25 Total Expenses (Indirect Costs) N/A
26 Total Expenses (Total) 622,442
27 Number of Personnel End of Year 0
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
ORGANIZATION CHART AS OF DECEMBER 31, 1997
President Gantz
Vice President Dalton
Vice President Daly
Chief Financial Officer Siart
Controller Brock
Secretary Whitney
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
METHODS OF ALLOCATION
See UNITIL Service Corp. U-13-60
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
Non applicable
ANNUAL REPORT OF UNITIL RESOURCES, INC.
FORM U-13-60
For the Year Ended December 31, 1997
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the
undersigned officer thereunto duly authorized,
UNITIL Resources, Inc.
(Name of Reporting Company)
By: /s/Laurence M. Brock
(Signature of Signing Officer)
Laurence M. Brock, Controller
(Printed Name and Title of Signing Officer)
Date: