In thousands, except per share data December 31, 2002 and 2001 2002 2001 ASSETS Utility plant: Land $ 11,513 $ 10,709 Depreciable plant and equipment 927,244 859,846 Construction work in progress 48,624 26,826 Intangible assets 13,929 12,277 Total utility plant 1,001,310 909,658 Less accumulated depreciation and amortization 304,322 285,316 Net utility plant 696,988 624,342 Current assets: Cash and cash equivalents 1,063 953 Receivables: Customers 14,831 14,572 Other 9,130 8,228 Unbilled revenue 7,969 7,291 Materials and supplies at average cost 2,760 2,147 Taxes and other prepaid expenses 7,234 7,224 Total current assets 42,987 40,415 Other assets: Regulatory assets 46,089 38,893 Unamortized debt premium and expense 6,798 3,800 Other 7,720 2,764 Total other assets 60,607 45,457 $800,582 $710,214 36 CALIFORNIA WATER SERVICE GROUP Consolidated Balance Sheet