EXHIBIT 12
DELTA NATURAL GAS COMPANY, INC.
COMPUTATION OF THE CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Earnings | ||||||||||||||||||||
| Net income | $ | 8,275,128 | $ | 7,200,776 | $ | 5,783,998 | $ | 6,364,895 | $ | 5,651,817 | ||||||||||
| Provisions for income taxes (a) | 4,858,586 | 4,268,784 | 3,258,144 | 3,759,607 | 3,192,285 | |||||||||||||||
| Fixed charges | 2,694,187 | 2,770,935 | 4,321,256 | 4,112,798 | 4,194,192 | |||||||||||||||
| Total | $ | 15,827,901 | $ | 14,240,495 | $ | 13,363,398 | $ | 14,237,300 | $ | 13,038,294 | ||||||||||
| Fixed Charges | ||||||||||||||||||||
| Interest on debt (a) | $ | 2,424,587 | $ | 2,493,135 | $ | 3,969,025 | $ | 3,701,535 | $ | 3,781,929 | ||||||||||
| Amortization of debt | 246,600 | 253,800 | 329,231 | 387,263 | 387,263 | |||||||||||||||
| One third of rental expense | 23,000 | 24,000 | 23,000 | 24,000 | 25,000 | |||||||||||||||
| Total | $ | 2,694,187 | $ | 2,770,935 | $ | 4,321,256 | $ | 4,112,798 | $ | 4,194,192 | ||||||||||
| Ratio of earnings to fixed charges | 5.87x | 5.14x | 3.09x | 3.46x | 3.11x | |||||||||||||||
| (a) | Interest accrued on uncertain tax positions, in accordance with Accounting Standards Codification Topic 740 - Income Taxes, is presented in income taxes on the Consolidated Statements of Income. This interest has been excluded from the determination of fixed charges. |