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HIGHWATER ETHANOL 10-Q FQE 1-31-15
CERTIFICATION
EXHIBIT 31.2
EXHIBIT 32.1
EXHIBIT 32.2
Condensed Statements of Operations (USD $)
3 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Revenues
$ 30,081,371
$ 38,587,712
Cost of Goods Sold
26,815,886
29,387,379
Gross Profit
3,265,485
9,200,333
Operating Expenses
653,334
648,843
Operating Profit
2,612,151
8,551,490
Other Income (Expense)
Interest income
4,222
7,257
Other income
8,295
2,368
Interest expense
(271,401)
(911,062)
Gain on interest rate swap
0
182,429
Income (loss) from equity method investment
24,810
(78,940)
Total other expense, net
(234,074)
(797,948)
Net Income
$ 2,378,077
$ 7,753,542
Weighted Average Units Oustanding
4,953
4,953
Net Income Per Unit
$ 480.13
$ 1,565.42
Distributions Per Unit
$ 1,125
$ 0