EFTA01119638.pdf

SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of November 30, 2014 EFTA01119638  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Assets, Liabilities and Shareholder's Equity Income Tax Basis as of November 30, 2014 ASSETS Current assets Cash and cash equivalents $ 92,024,212 Due from brokers 1,195,973 Marketable securities, at cost 7,623,151 Total current assets $ 100,843,336 Fixed Assets 212,360 Other assets Investment in subsidiaries Southern Financial LLC 153,441,183 Haze Trust 88,541,097 Other receivables 800,000 Other assets 43,464 Total other assets 242,825,745 TOTAL ASSETS $ 343,881,441 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities Current liabilities $ 14,370 Total current liabilities $ 14,370 Shareholder's Equity Common Stock 1,000 Additional paid in capital 38,798,643 Retained earnings 305,067,427 Total shareholder's equity 343,867,070 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 343,881,441 EFTA01119639  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Fee income 70,000,000 Southern Financial LLC - subsidiary equity loss (10,727,940) Haze Trust - subsidiary equity loss (7,599,307) Investment income 179,456 Total revenues 51,852,209 Expenses Employee costs and compensation 979,836 Occupancy and related expenses 213,528 Professional and consulting expenses 1,876,567 Other operating expense 252,674 Charitable expenses 86,656 Total expenses 3,409,262 Net income $ 48,442,947 EFTA01119640 SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of November 30, 2014 EFTA01119641  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Assets, Liabilities and Member's Equity Income Tax Basis as of November 30, 2014 ASSETS Current assets Cash and cash equivalents 13,504,156 Due from brokers 46,455,220 Managed investment accounts, at cost 72,211,896 Total current assets $ 132,171,271 Fixed Assets 266,023 266,023 Other assets Investment in partnerships, at cost 16,970,471 Investment in Haze Trust 88,541,097 Other receivables 4,033,417 Total other assets 109,544,985 TOTAL ASSETS $ 241,982,280 LIABILITIES AND MEMBER'S EQUITY Member's equity Member contributions 260,309,527 Net loss (18,327,247) Total member's equity 241,982,280 TOTAL LIABILITIES AND MEMBER'S EQUITY 241,982,280 EFTA01119642  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Dividends and interest 2,664,656 Other investment income 273,711 Haze Trust - subsidiary equity loss (7,599,307) Short term capital gains 182,016 Long term capital losses (13,846,878) Total revenues (18,325,802) Expenses Other expenses 1,443 Total expenses 1,443 Net loss $ (18,327,245) EFTA01119643  HAZE TRUST FINANCIAL REPORT As Of November 30, 2014 EFTA01119644  HAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of November 30, 2014 ASSETS Current assets Due from brokers 43,910,441 Marketable securities, at cost 18,715,244 Total current assets $ 62,625,685 Other assets Investment partnerships, at cost 25,915,413 Total other assets 25,915,413 TOTAL ASSETS 88,541,097 nm. LIABILITIES AND NET ASSETS Net assets Net Contributions 38,005,211 Accumulated income 50,535,886 Total net assets 88,541,097 TOTAL LIABILITIES AND NET ASSETS 88,541,097 EFTA01119645  HAZE TRUST Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Dividends and interest $ 896,935 Short term capital losses (2,192) Long term capital losses (8,494,050) Total revenues (7,599,307) Net loss (7,599,307) EFTA01119646