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mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,
inancial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 2011 10 EFTA00307405 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of JUlle 20, 2011 Exhibit B: Historical Financial Analysis Aliph's revenues rebounded in 2010 following the decline in 2009 as a result of the lackluster de
mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,
inancial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 2011 10 EFTA00307304 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of JUlle 20, 2011 Exhibit B: Historical Financial Analysis Aliph's revenues rebounded in 2010 following the decline in 2009 as a result of the lackluster de
mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,
inancial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 2011 10 EFTA00307203 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of JUlle 20, 2011 Exhibit B: Historical Financial Analysis Aliph's revenues rebounded in 2010 following the decline in 2009 as a result of the lackluster de
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