EFTA01079665.pdf

SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of March 31, 2016 EFTA01079665  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 $ 85,284,959 Due from brokers 13,176,651 Marketable securities, at cost 24,734,567 Total Current Assets $ 123,196,177 Fixed Assets 476,422 Investment Partnerships, tax basis 10,075,459 Investment In Subsidiaries Southern Financial LLC $ 167,453,726 Haze Trust 60,931,002 228,384,728 Other Assets 4,514,943 TOTAL ASSETS $ 366,647,730 LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities Current liabilities $ 6,747 Total Current Liabilities $ 6,747 Shareholder's Equity Common Stock 1,000 Additional paid in capital 38,798,643 Retained earnings 327,841,340 Total Shareholder's Equity 366,640,983 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 366,647,730 EFTA01079666  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses Income Tax Basis For the Year ended March 31, 2016 Revenues Investment income 282,809 Subsidiary equity income - Southern Financial LLC 2,692,845 Subsidiary equity income - Haze Trust 146,470 Total Revenues 3,122,124 Expenses Employee costs and compensation 271,146 Occupancy and related expenses 50,868 Professional and consulting expenses 1,064,000 Other operating expenses 28,545 Charitable expenses 25,500 Total Expenses 1,440,058 Net Income 1,682,066 EFTA01079667 SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of March 31, 2016 EFTA01079668  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 361,170 Due from brokers 2,561,579 Marketable securites , at cost 97,574,500 Total Current Assets $ 100,497,249 Fixed Assets 266,023 266,023 Other Assets Investment partnerships, at cost 57,852,037 Investment in Haze Trust 60,931,002 Other receivables 8,838,417 Total Other Assets 127,621,456 TOTAL ASSETS $ 228,384,728 LIABILITIES AND MEMBER'S EQUITY Current Liabilites Current liabilites 0 $ Total Current Liabilities Member's Equity Member contributions 225,545,413 Net income 2,839,315 Total Member's Equity 228,384,728 TOTAL LIABILITIES AND MEMBER'S EQUITY $ 228,384,728 EFTA01079669  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Period Ended March 31, 2016 Revenues Dividends and interest 723,063 Other investment income 1,579,117 Subsidiary equity income Haze Trust 146,470 Short term capital gains 1,213 Long term capital gains 419,242 Total Revenues 2,869,105 Expenses Other expenses 29,790 Total Expenses 29,790 Net Income 2,839,315 EFTA01079670  HAZE TRUST FINANCIAL REPORT As Of March 31, 2016 EFTA01079671  HAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of March 31, 2016 ASSETS Current Assets Due from brokers S 18,724,295 Marketable securities, at cost 16,314,497 Total Current Assets 35,038,792 Other Assets Investment partnerships, at cost 25,892,210 Total Other Assets 25,892,210 TOTAL ASSETS 60,931,002 LIABILITIES AND NET ASSETS Net Assets Net Contributions S 38,005,211 Accumulated income 22,925,791 Total Net Assets 60,931,002 TOTAL LIABILITIES AND NET ASSETS 60,931,002 EFTA01079672  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 EFTA01079673