EFTA01119629.pdf

SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of June 30, 2015 EFTA01119629  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Assets, Liabilities and Shareholder's Equity Income Tax Basis as of June 30, 2015 ASSETS Current assets Cash and cash equivalents 74,123,450 Due from brokers 1,612,283 Marketable securities, at cost 14,755,657 Total current assets $ 90,491,390 Fixed Assets 526,560 Other assets Investment in partnerships, tax basis 5,625,000 Investment in subsidiaries Southern Financial LLC 153,314,312 Haze Trust 87,512,260 IGO LLC 3,000,002 Other assets 51,500 Total other assets 243,878,073 TOTAL ASSETS $ 340,521,023 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities Current liabilities 17,903 Total current liabilities $ 17,903 Shareholder's Equity Common Stock 1,000 Additional paid in capital 38,798,643 Retained earnings 301,703,477 Total shareholder's equity 340,503,120 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 340,521,023 EFTA01119630  SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2015 to June 30, 2015 Revenues Investment income a 288,826 Subsidiary equity income - Southern Financial LLC 280,164 Subsidiary equity income - Haze Trust 548,262 Total revenues 1,117,253 Expenses Employee costs and compensation 589,339 Occupancy and related expenses 109,188 Professional and consulting expenses 1,724,642 Other operating expense 41,752 Charitable expenses 61,921 Total expenses 2,526,843 Net income(loss) $ (1,409,590) EFTA01119631 SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of June 30, 2015 EFTA01119632  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Assets, Liabilities and Member's Equity Income Tax Basis as of June 30, 2015 ASSETS Current assets Cash and cash equivalents S 8,728,555 Due from brokers 51,584 Managed investment accounts, at cost 117,580,769 Total current assets 126,360,908 Fixed Assets 266,023 266,023 Other assets Investment in partnerships, at cost 21,677,242 Investment in Haze Trust 87,512,260 Other receivables 5,738,417 Total other assets 114,927,919 TOTAL ASSETS $ 241,554,850 LIABILITIES AND MEMBER'S EQUITY Current liabilites Short sale liabilites - managed account $ 728,278 S 728,278 Total current assets Member's equity Member contributions 239,998,146 Net income S 828,426 Total member's equity 240,826,572 TOTAL LIABILITIES AND MEMBER'S EQUITY $ 241,554,850 EFTA01119633  SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2015 to June 30, 2015 Revenues Dividends and interest S 1,546,070 Other investment income(loss) (633,195) Subsidiary equity income - Haze Trust 548,262 Short term capital gain(loss) (613,533) Long term capital gain(loss) 30,224 Total revenues 877,830 Expenses Other expenses 49,404 Total expenses 49,404 Net income 828,426 EFTA01119634  HAZE TRUST FINANCIAL REPORT As Of June 30, 2015 EFTA01119635  HAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of June 30, 2015 ASSETS Current assets Due from brokers S 47,069,531 Marketable securities, at cost 16,242,298 Total current assets $ 63,311,828 Other assets Investment partnerships, at cost 24,200,432 Total other assets 24,200,432 TOTAL ASSETS 87,512,260 LIABILITIES AND NET ASSETS Net assets Net Contributions S 38,005,211 Accumulated income 49,507,049 Total net assets 87,512,260 TOTAL LIABILITIES AND NET ASSETS 87,512,260 EFTA01119636  HAZE TRUST Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2015 to June 30, 2015 Revenues Dividends and interest 588,331 Long term capital gain(loss) (40,069) Total revenues 548,262 Net income S 548,262 EFTA01119637