North European Oil Royalty Trust (NRT) 2008年年度报告「NYSE」.pdf

1、Annual Report 2008NorthEuropean OilRoyalty TrustATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSED DOLLAR ROYALTIES WESTERN AND EASTERN OLDENBURG05101520253035401999200020012002200320042005200620072008Dollar Royalties by Fiscal YearMILLION DOLLARSWESTERN OLDENBURGEASTERN OLDENBURGTable of Cont

2、entsReport to Unit Owners .2-3Ten Year History of Net Gas Sales .4Net Proved Producing Gas Reserves(Est.)andVolume of Net Gas Sales .5Selected Financial Data .6Description of Trust Assets .7-8Managements Discussion and Analysis .8-13Critical Accounting Policies.14Distributions and Trading .14-15Comp

3、arison of Five Year Returns.16Report of Independent Registered Public Accounting Firm .17Financial Statements.18-21Notes to Financial Statements .22-24Disclosure Controls and Procedures .25Internal Control Over Financial Reporting.25-26Note to Unit Owners(Removable).27-28The Annual Meeting of Unit O

4、wners will be held on Wednesday,February 10,2009,at 1:00 P.M.,in Rooms 3 and 4,Ninth Floor,at The University Club,1 West 54th Street,New York City(northwest 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 tha

5、t 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 exceptions.1IMPORTANT TAX INFORMATIONFor your convenience the information necessary to prepareyour 2008 tax return is included in the remov

6、able“Note to Unit Owners”on Pages 27 and 28.Please note there will be no separate mailing of the tax letter.2NORTH EUROPEAN OIL ROYALTY TRUSTReport to Unit Owners:FOURTH QUARTER 2008Net income for the Trust for the fourth quarter of fiscal 2008 was$9,409,548,an increase of59.98%from net income of$5,