EFTA Document EFTA01478437

EFTA01478437 EFTA01478438 EFTA01478439 EFTA01478440 EFTA01478441 EFTA01478442 EFTA01478443 EFTA01478444 SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of March 31, 2016 SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Assets, Liabilities and Shareholder's Equity Income Tax Basis as of March 31, 2016 ASSETS Current Assets Cash and cash equivalents Due from brokers Marketable securities, at cost $ 85,284,959 13,176,651 24,734,567 $ 123,196,177 Total Current Assets Fixed Assets 476,422 10,075,459 Investment Partnerships, tax basis Investment In Subsidiaries Southern Financial LLC Haze Trust $ 167,453,726 60,931,002 228,384,728 Other Assets 4,514,943 $ 366,647,730 TOTAL ASSETS LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities Current liabilities $ 6,747 Total Current Liabilities 6, 747 $ Shareholder's Equity Common Stock Additional paid in capital Retained earnings 1, 000 38,798,643 327,841,340 Total Shareholder's Equity 366,640,983 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 366,647,730 SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses Income Tax Basis For the Year ended March 31, 2016 EFTA01478445 Revenues Investment income Subsidiary equity income - Southern Financial LLC Subsidiary equity income - Haze Trust Total Revenues $ -282,809 2,692,845 146,470 3,122,124 Expenses . Employee costs and compensation Occupancy and related expenses Professional and consulting expenses Other operating expenses Charitable expenses 271,146 50,868 1,064,000 28,545 25,500 Total Expenses 1,440,058 Net Income 1,682,066 $ SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of March 31, 2016 SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Assets, Liabilities and Member's Equity Income Tax Basis as of March 31, 2016 ASSETS Current Assets Cash and cash equivalents Due from brokers Marketable securites , at cost $ 361,170 2,561,579 97,574,500 Total Current Assets 100,497,249 $ Fixed Assets 266,023 266,023 Other Assets Investment partnerships, at cost Investment in Haze Trust Other receivables 57,852,037 60,931,002 8,838,417 Total Other Assets 127,621,456 $ 228,384,728 TOTAL ASSETS LIABILITIES AND MEMBER'S EQUITY Current Liabilites Current liabilites EFTA01478446 $ 0 $ Total Current Liabilities Member's Equity Member contributions Net income 225,545,413 2,839,315 $ Total Member's Equity 228,384,728 TOTAL LIABILITIES AND MEMBER'S EQUITY $ 228,384,728 SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Period Ended March 31, 2016 Revenues Dividends and interest Other investment income Subsidiary equity income - Short term capital gains Long term capital gains $ 723,063 1,579,117 146,470 1,213 419,242 Haze Trust Total Revenues 2,869,105 Expenses Other expenses 29, 790 Total Expenses 29,790 Net Income 2,839,315 S HAZE TRUST FINANCIAL REPORT As Of March 31, 2016 HAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of March 31, 2016 ASSETS Current Assets Due from brokers Marketable securities, at cost $ 18,724,295 16,314,497 Total Current Assets 35,038,792 $ Other Assets Investment partnerships, at cost Total Other Assets EFTA01478447 25,892,210 25,892,210 $ TOTAL ASSETS 60,931,002 LIABILITIES AND NET ASSETS Net Assets Net Contributions Accumulated income $ 38,005,211 22,925,791 Total Net Assets 60,931,002 TOTAL LIABILITIES AND NET ASSETS $ 60,931,002 HAZE TRUST Statement of Revenues and Expenses Income Tax Basis For the Period Ended March 31, 2016 Revenues Dividends and interest $ 146,470 Total Revenues 146,470 Net Income 146,470 $ EFTA01478448