SOUTHERN TRUST COMPANY, INC.
(and subsidiaries)
Statement of Revenues and Expenses
Income Tax Basis
For the Period Jan 1, 2017 thru June 30, 2017
Revenues
Fee income 8,000,000
Dividends and interest 1,303,192
Short term capital losses (70,947)
Long term capital gains 4,782,837
Other net investment losses (152,000)
Subsidiary equity income - Southern Financial LLC 1,612,744
Subsidiary equity income - Haze Trust 521,009
Total Revenues 15,996,835
Expenses
Employee costs and compensation 511,194
Occupancy and related expenses 63,367
Professional and consulting expenses 1,272,672
Other operating expenses 102,865
Charitable expenses 20,500
Total Expenses 1,970,598
Net Income 14,026,237
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0089380
CONFIDENTIAL SDNY_GM_00235564
EFTA01387198