North European Oil Royalty Trust (NRT) 2018年年度报告「NYSE」.pdf

1、ATTENTION:PLEASE RETAINCRITICAL TAX INFORMATION ENCLOSEDNorth EuropeanOilRoyaltyTrustAnnual Report 2018NORTH EUROPEAN OIL ROYALTY TRUSTThe Annual Meeting of Unit Owners will be held on February 21,2019,at 10:00 A.M.,in Room A,Seventh Floor,at The University Club,1 West 54th Street,New York City(nort

2、hwest 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 doe

3、s not 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 .5Dollar Royalties Western and Eastern Oldenburg .6Gross Gas Sale Volumes .7Description of Trust Assets .8-9Managements Discussion a

4、nd Analysis .10-14Selected Financial Data .15Comparison of Five Year Returns .16-17Critical Accounting Policies .18Report of Independent Registered Public Accounting Firm .19Financial Statements .20-23Notes to Financial Statements.24-26Disclosure Controls and Procedures .27Internal Control over Fina

5、ncial Reporting .27-282018 Tax Letter(Removable).29-32IMPORTANT TAX INFORMATIONFor your convenience,the information necessary to prepare your 2018 tax return is included in the removable“2018 Tax Letter”on Pages 29 through 32.Please note that there will be no separate mailing of the tax letter.The 2

6、018 Tax Letter is also available at the Trusts website,.1NORTH EUROPEAN OIL ROYALTY TRUSTReport to Unit Owners:FOURTH QUARTER 2018 Net income for the Trust for the fourth quarter of fiscal 2018 was$1,324,902,a decrease of 34.11%from net income of$2,010,828 for the fourth quarter of fiscal 2017.The T