North European Oil Royalty Trust (NRT) 2016年年度报告「NYSE」.pdf

1、ATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSEDNorth EuropeanOilRoyaltyTrustAnnual Report 2016NORTH EUROPEAN OIL ROYALTY TRUST The Annual Meeting of Unit Owners will be held on February 16,2017,at 10:00 A.M.,in Room A,Seventh Floor,at The University Club,1 West 54th Street,New York City(nor

2、thwest corner of 5th 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.Men are required to wear a jacket and women are required to wear business attire.The University Club does not m

3、ake exceptions.Table of Contents Report to Unit Owners.1-4 Ten Year History of Net Gas Sales.5 Net Proved Producing Gas Reserves(Est.)and Volume of Net Gas Sales.6 Selected Financial Data.7 Gross Gas Sale Volumes.8 Description of Trust Assets.9-10 Managements Discussion and Analysis.11-18 Critical A

4、ccounting Policies.19 Distributions and Trading.20 Comparison of Five Year Returns.21-22 Dollar Royalties Western and Eastern Oldenburg.23 Report of Independent Registered Public Accounting Firm.24 Financial Statements.25-28 Notes to Financial Statements.29-31 Disclosure Controls and Procedures.33 I

5、nternal Control over Financial Reporting.33-34 2016 Tax Letter(Removable).36-39 IMPORTANT TAX INFORMATION For your convenience,the information necessary to prepare your 2016 tax return is included in the removable“2016 Tax Letter”on Pages 36 through 39.Please note that there will be no separate mail

6、ing of the tax letter NORTH EUROPEAN OIL ROYALTY TRUST 1 Report to Unit Owners:FOURTH QUARTER 2016 Net income for the Trust for the fourth quarter of fiscal 2016 was$1,078,292,a decrease of 48.58%from net income of$2,096,955 for the fourth quarter of fiscal 2015.The Trust receives nearly all of its