EXHIBIT 21
ARTESIAN RESOURCES CORPORATION AND SUBSIDIARY COMPANIES
Subsidiaries of Registrant
The following list includes the Registrant and all of its subsidiaries as of December 31, 2006. The voting equity interests of each company shown is owned, to the extent indicated by the percentage, by the company immediately above, which is not indented to the same degree. All subsidiaries of the Registrant appearing in the following table are included in the consolidated financial statements of the Registrant and its subsidiaries.
Percentage of Voting | ||||
Name of Company | State of Incorporation | Equity Interests Owned | ||
Artesian Resources Corporation | Delaware | |||
Artesian Water Company, Inc. | Delaware | 100 | ||
Artesian Water Pennsylvania, Inc. | Pennsylvania | 100 | ||
Artesian Development Corporation | Delaware | 100 | ||
Artesian Wastewater Management, Inc. | Delaware | 100 | ||
Artesian Utility Development, Inc. | Delaware | 100 | ||
AquaStructure Delaware, L.L.C. | Delaware | 33 1/3 |
ARTESIAN RESOURCES CORPORATION
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
Balance at | Charged to | Charged | Balance at | |||||||||||||||||
Beginning Of | Costs and | to Other | End of | |||||||||||||||||
Additions | Period | Expenses | Accounts | Deductions | Period | |||||||||||||||
Classification | ||||||||||||||||||||
For the Year Ended December 31, 2006 Valuation allowance for deferred tax assets | $ | 323,000 | $ | 202,000 | $ | 121,000 | ||||||||||||||
For the Year Ended December 31, 2005 Valuation allowance for deferred tax assets | $ | 482,000 | $ | 159,000 | $ | 323,000 | ||||||||||||||
For the Year Ended December 31, 2004 Valuation allowance for deferred tax assets | $ | 512,000 | $ | 30,000 | $ | 482,000 |
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