2. Property, Plant and Equipment
The components of property, plant and equipment as of December 31, 2020 and 2019 were
as follows:
Useful Lives
(in thousands) 2020 2019 (in years)
Utility Property:
Land and land rights S 5,972 S 5,993 -
Source of supply 73,721 72,360 3-70
Pumping and purification 31,846 29,929 7 - 64
Transmission and distribution, including
services, meters and hydrants 194,244 188,069 15-91
General and other equipment 17,023 16,352 7-75
Intangible plant 790 790 20
Construction work in progress 792 1,225
Total utility property 324,388 314,718
Total non-utility property 5 S 5-10
Total property, plant and equipment 324,393 314,723
Less accumulated depreciation (81,924) (77,541)
Property, Plant and Equipment, net $ 242,469 S$ 237,182
The provision for depreciation is computed on the straight-line method over the estimated
useful lives of the assets, which range from 3 to 91 years. The weighted average composite
depreciation rate was 2.58% and 2.53% in 2020 and 2019, respectively.
3. Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash
reported within the consolidated balance sheets that sum to the total of the same such
amounts shown in the statements of cash flows.
(in thousands) 2020 2019
Cash and cash equivalents S 310 S$ 4,885
Restricted cash - RSF 8,611 1,963
Restricted cash - CIAC 274 -
Restricted cash - Bond Project Funds 237 3,426
Total cash, cash equivalents and restricted cash
shown in the consolidated statements of cash flows$ 9,432 $ 10,274
Amounts included in restricted cash represent those required to be set aside as outlined in
Note 1.
20
