SOUTHERN TRUST COMPANY, INC.
(and subsidiaries)
Statement of Revenues and Expenses
Income Tax Basis
For the Year ended March 31, 2016
Revenues
Investment income S 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
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0121415
CONFIDENTIAL SDNY_GM_00267599
EFTA01460288