North European Oil Royalty Trust (NRT) 2006年年度报告「NYSE」.pdf

1、Annual Report 2006NorthEuropean OilRoyalty TrustATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSEDTable of ContentsReport to Unit Owners .2-3Selected Financial Data .4Description of Trust Assets .5-6Managements Discussion and Analysis .6-13Critical Accounting Policies .13-14Distributions and T

2、rading .14-15Reports of Independent Registered Public Accounting Firms.16-17Financial Statements.18-21Notes to Financial Statements .22-24Disclosure Controls and Procedures .25Internal Control Over Financial Reporting .25-26Dollar Royalties-Western and Eastern Oldenburg .27Ten Year History of Net Ga

3、s Sales .28Note to Unit Owners(Removable).29-30Net Gas Reserves(Estimated)and Volume of Net Gas Sales .31The Annual Meeting of Unit Owners will be held on Monday,February 12,2007,at 1:30 P.M.,in Rooms 3 and 4,Ninth Floor,at the University Club,1 West 54th Street,New York City(northwest corner of 5th

4、 Avenue;entrance on 54th Street).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.Gentlemen are required to wear a jacket and ladies are required to wear business attire.The University Club does not make exception

5、s.1IMPORTANT TAX INFORMATIONFor your convenience the information necessary to prepareyour 2006 tax return is included in the removable“Note to Unit Owners”on Pages 29 and 30.Please note there will be no separate mailing of the tax letter.2NORTH EUROPEAN OIL ROYALTY TRUSTReport to Unit Owners:FOURTH

6、QUARTER 2006Net income for the Trust for the fourth quarter of fiscal 2006 was$7,111,192,an increase of76.4%from the net income of$4,030,630 recorded for the fourth quarter of fiscal 2005.At this levelof royalties the Trust was able to pay a distribution of 78 cents per unit,thirty-six cents higher