North European Oil Royalty Trust (NRT) 2019年年度报告「NYSE」.pdf

1、ATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSEDNorth EuropeanOilRoyaltyTrustAnnual Report 2019NORTH EUROPEAN OIL ROYALTY TRUSTThe Annual Meeting of Unit Owners will be held on February 19,2020,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 tie and women are required to wear business attire.The University Club do

3、es not make exceptions.Table of ContentsReport to Unit Owners .1-3Ten Year History of Net Gas Sale Volumes.4Net Proved Producing Gas Reserves(Est.)and Volume of Net Gas Sales .5Dollar Royalties Western and Eastern Oldenburg .6Ten Year History of Gross Gas Sale Volumes .7Description of Trust Assets .

4、8-9Managements Discussion and Analysis .10-12Selected Financial Data .13Comparison of Five Year Returns .14-15Critical Accounting Policies .16Report of Independent Registered Public Accounting Firm .17Financial Statements .18-21Notes to Financial Statements.22-24Disclosure Controls and Procedures .2

5、5Internal Control over Financial Reporting .25-262019 Tax Letter(Removable).27-30IMPORTANT TAX INFORMATIONFor your convenience,the information necessary to prepare your 2019 tax return is included in the removable “2019 Tax Letter”on Pages 27 through 30.Please note that there will be no separate mai

6、ling of the tax letter.The 2019 Tax Letter is also available at the Trusts website,.1NORTH EUROPEAN OIL ROYALTY TRUSTReport to Unit Owners:FOURTH QUARTER 2019Net income for the Trust for the fourth quarter of fiscal 2019 was$1,516,063,an increase of 14.43%from net income of$1,324,902 for the fourth