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SIGNIFICANT CUSTOMERS
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3 Months Ended |
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Nov. 30, 2014
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| Significant Customers | |
| SIGNIFICANT CUSTOMERS |
The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements (defined in Note 4 Water and Land Assets to the 2014 Annual Report). Sales to the District accounted for 9% and 11% of the Companys total water and wastewater revenues for the three months ended November 30, 2014 and 2013, 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 Districts significant customer accounted for 7% and 9% of the Companys total water and wastewater revenues for the three months ended November 30, 2014 and 2013, respectively.
Revenues related to the provision of water for the oil and gas industry to one customer accounted for 88% and 87% of the Companys water and wastewater revenues for the three months ended November 30, 2014 and 2013, respectively The Company had accounts receivable from the District which accounted for 6% and 5% of the Companys trade receivables balances at November 30, 2014 and August 31, 2014, respectively. Accounts receivable from the Districts largest customer accounted for 6% and 4% of the Companys trade receivables as of November 30, 2014 and August 31, 2014, respectively. Accounts receivable from industrial water sales accounted for 28% and 75% of the Companys trade receivable balances at November 30, 2014 and August 31, 2014. |