SOUTHERN TRUST COMPANY, INC.
(and subsidiaries)
Statement of Revenues and Expenses
Income Tax Basis
For the Year ended June 30, 2016
Revenues
Dividends and interest 730,584
Short term capital gains 64,917
Long term capital losses (64,980)
Subsidiary equity income - Southern Financial LLC 4,147,989
Subsidiary equity income - Haze Trust 558,991
Total Revenues 5,437,501
Expenses
Employee costs and compensation 509,903
Occupancy and related expenses 110,787
Professional and consulting expenses 1,086,090
Other operating expenses
34,699
Charitable expenses 36,000
Total Expenses 1,777,479
Net Income 3,660,021
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0081061
CONFIDENTIAL SDNY_GM_00227245
EFTA01381869