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Significant Customers
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9 Months Ended |
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May 31, 2013
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| Significant Customers | |
| Significant Customers |
NOTE 7 – SIGNIFICANT CUSTOMERS
The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements (defined in Note 4 – Water Assets to the 2012 Annual Report). Sales to the District accounted for 36% and 57% of the Company’s total water and wastewater revenues for the three months ended May 31, 2013 and 2012, respectively. Sales to the District accounted for 41% and 79% of the Company’s water and wastewater revenues for the nine months ended May 31, 2013 and 2012, respectively. The District has one significant customer. Pursuant to the Rangeview Water Agreements the Company is providing water and wastewater services to this customer on behalf of the District. The District’s significant customer accounted for 31% and 37% of the Company’s total water and wastewater revenues for the three months ended May 31, 2013 and 2012, respectively. The District’s significant customer accounted for 35% and 49% of the Company’s water and wastewater revenues for the nine months ended May 31, 2013 and 2012, respectively.
Revenues from another customer represented approximately 49% and 50% of the Company’s water and wastewater revenues for the three and nine months ended May 31, 2013, respectively. The other customer had no revenues for the three and nine months ended May 31, 2012.
The Company had accounts receivable from the District which accounted for 12% and 16% of the Company’s trade receivables balances at May 31, 2013 and August 31, 2012, respectively. Accounts receivable from the District’s largest customer accounted for 10% and 13% of the Company’s trade receivables as of May 31, 2013 and August 31, 2012, respectively.
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