Consolidated Balance Sheet In thousands, except per share data 27 CALIFORNIA WATER SERVICE GROUP 26 CALIFORNIA WATER SERVICE GROUP December 31, 2001 and 2000 2001 2000 ASSETS Utility plant: Land $ 10,709 $ 10,641 Depreciable plant and equipment 859,846 797,403 Construction work in progress 26,826 31,400 Intangible assets 12,277 11,837 Total utility plant 909,658 851,281 Less accumulated depreciation and amortization 285,316 268,499 Net utility plant 624,342 582,782 Current assets: Cash and cash equivalents 953 3,241 Receivables: Customers 14,572 15,163 Other 8,228 5,450 Unbilled revenue 7,291 7,964 Materials and supplies at average cost 2,147 2,718 Taxes and other prepaid expenses 7,224 5,483 Total current assets 40,415 40,019 Other assets: Regulatory assets 38,893 38,133 Unamortized debt premium and expense 3,800 3,817 Other 2,764 1,854 Total other assets 45,457 43,804 $710,214 $666,605 See accompanying notes to consolidated financial statements. 2001 2000 CAPITALIZATION AND LIABILITIES Capitalization: Common stock, $.01 par value; 25,000 shares authorized, 15,182 and 15,146 shares $ 152 $ 151 outstanding in 2001 and 2000, respectively Additional paid-in capital 49,984 49,984 Retained earnings 147,299 149,185 Accumulated other comprehensive loss (816) (486) Total common stockholders’ equity 196,619 198,834  Preferred stock without mandatory redemption provision, $25 par value, 380 shares authorized, 139 shares outstanding 3,475 3,475 Long-term debt, less current maturities 202,600 187,098 Total capitalization 402,694 389,407 Current liabilities: Current maturities of long-term debt 5,381 2,881 Short-term borrowings 22,000 14,598 Accounts payable 24,032 26,493 Accrued taxes 3,813 3,976 Accrued interest 2,535 2,579 Other accrued liabilities 21,228 13,209 Total current liabilities 78,989 63,736 Unamortized investment tax credits 2,882 2,989 Deferred income taxes 28,816 25,620 Regulatory and other liabilities 20,680 20,316 Advances for construction 106,657 105,562 Contributions in aid of construction 69,496 58,975 Commitments $710,214 $666,605