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
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0083344
CONFIDENTIAL SDNY_GM_00229528
EFTA01383606