EFTA01137760.pdf

SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of December 31, 2015 EFTA01137760  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Assets, Liabilities and Shareholder's Equity Income Tax Basis as of December 31, 2015 ASSETS Current assets Cash and cash equivalents $ 110,803,961 Due from brokers 3,568,533 Marketable securities, at cost 19,080,787 Total current assets $ 133,453,281 Fixed Assets 488,922 Other assets Investment in partnerships, tax basis 8,175,000 Investment in subsidiaries Southern Financial LLC 154,262,144 Haze Trust 88,092,754 IGO LLC 3,001,292 Other assets 1,501,500 Total other assets 246,857,689 TOTAL ASSETS $ 388,974,892 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities Current liabilities $ 5,314 Total current liabilities $ 5,314 Shareholder's Equity Common Stock 1,000 Additional paid in capital 38,798,643 Retained earnings 350,169,935 Total shareholder's equity 388,969,578 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 388,974,892 EFTA01137761  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses Income Tax Basis For the Year ended December 31, 2015 Revenues Fee income 54,999,980 Investment income 828,338 Subsidiary equity income - Southern Financial LLc 1,173,573 Subsidiary equity income - Haze Trust 1,028,756 Total revenues 58,030,647 Expenses Employee costs and compensation 1,155,118 Occupancy and related expenses 207,854 Professional and consulting expenses 2,048,207 Other operating expenses 66,132 Charitable expenses 79,501 Total expenses 3,556,811 Net income 54,473,836 EFTA01137762 SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of December 31, 2015 EFTA01137763  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Assets, Liabilities and Member's Equity Income Tax Basis as of December 31, 2015 ASSETS Current assets Cash and cash equivalents 461,170 Due from brokers 51,584 Managed investment accounts, at cost 104,428,110 Total current assets 104,940,864 Fixed Assets 266,023 266,023 Other assets Investment in partnerships, at cost 44,145,119 Investment in Haze Trust 87,992,754 Other receivables 5,738,416 Total other assets 137,876,288 TOTAL ASSETS $ 243,083,176 LIABILITIES AND MEMBER'S EQUITY Current liabilites Short sale liabilites - managed account $ 728,278 $ 728,278 Total current liabilities Member's equity Member contributions 240,152,569 Net income 2,202,329 Total member's equity 242,354,898 TOTAL LIABILITIES AND MEMBER'S EQUITY $ 243,083,176 EFTA01137764  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Year Ended December 31, 2015 Revenues Dividends and interest S 3,165,488 Other investment income(loss) (608,199) Subsidiary equity income - Haze Trust 1,028,756 Short term capital gain(loss) (1,658,776) Long term capital gain 392,434 Total revenues 2,319,703 Expenses Other expenses 117,374 Total expenses 117,374 Net income 2,202,329 EFTA01137765  HAZE TRUST FINANCIAL REPORT As Of December 31, 2015 EFTA01137766  RAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of December 31, 2015 ASSETS Current assets Due from brokers 47,601,125 Marketable securities, at cost 16,291,197 Total current assets $ 63,892,322 Other assets Investment partnerships, at cost 24,200,432 Total other assets 24,200,432 TOTAL ASSETS 88,092,754 LIABILITIES AND NET ASSETS Net assets Net Contributions 38,005,211 Accumulated income 50,087,543 Total net assets 88,092,754 TOTAL LIABILITIES AND NET ASSETS 88,092,754 EFTA01137767  HAZE TRUST Statement of Revenues and Expenses Income Tax Basis For the Year Ended December 31, 2015 Revenues Dividends and interest $ 1,027,212 Long term capital gain 1,544 Total revenues 1,028,756 Net income S 1,028,756 EFTA01137768