North European Oil Royalty Trust (NRT) 2017年年度报告「NYSE」.pdf

1、ATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSEDNorth EuropeanOilRoyaltyTrustAnnual Report 2017NORTH EUROPEAN OIL ROYALTY TRUSTThe Annual Meeting of Unit Owners will be held on February 20,2018,at 10:00 A.M.,in Room A,Seventh Floor,at The University Club,1 West 54thStreet,New York City(north

2、west corner of 5thAvenue;entrance on 54thStreet).All unit owners are cordially invited to attend.If you plan to attend the meeting,please note that The University Club has a dress code.Men are required to wear a jacket and tie and women are required to wear business attire.The University Club does n

3、ot make exceptions.Table of ContentsReport to Unit Owners.1-3Ten Year History of Net Gas Sales.4Net Proved Producing Gas Reserves(Est.)and Volume of Net Gas Sales.5Selected Financial Data.6Gross Gas Sale Volumes.7Description of Trust Assets.8-9Management s Discussion and Analysis.10-17Critical Accou

4、nting Policies.18Distributions and Trading.19Comparison of Five Year Returns.20-21Dollar Royalties Western and Eastern Oldenburg.22Report of Independent Registered Public Accounting Firm.23Financial Statements.24-27Notes to Financial Statements.28-30Disclosure Controls and Procedures.31Internal Cont

5、rol over Financial Reporting.31-322017 Tax Letter(Removable).33-36IMPORTANT TAX INFORMATIONFor your convenience,the information necessary to prepareyour 2017 tax return is included in the removable“2017 Tax Letter”on Pages 33 through 36.Please note that there will be no separate mailing of the tax l

6、etter.NORTH EUROPEAN OIL ROYALTY TRUSTReport to Unit Owners:FOURTH QUARTER 2017Net income for the Trust for the fourth quarter of fiscal 2017 was$2,010,828,an increase of86.48%from net income of$1,078,292 for the fourth quarter of fiscal 2016.The Trust receivesnearly all of its royalties under two r