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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2021
2020
Cash and Short-term Investments

$2,248,527

$1,725,449
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)

352,688

382,876

Total
$2,601,215
$2,108,325
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders

$1,148,527

$625,449

Commitments and Reserve for Contingencies(Note8)

1,100,000

1,100,000
Total Liabilities

$2,248,527

$1,725,449
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding

352,688

382,876
Total

$2,601,215

$2,108,325
 
Statements of Distributable Income
 
2021
2020
2019
Royalty Income
(Notes 2 and 3)

$11,805,514

$12,040,318
$20,487,433
Interest Income

5,112

9,603
23,000
 

11,810,626

12,049,921
20,510,433

ReserveforExpenses

-

50,000
-
Expenditures
- General and Administrative

1,088,851

1,041,303
1,089,302
Total Expenditures

1,088,851

1,091,303
1,089,302
Distributable Income

$10,721,775

$10,958,618
$19,421,131
Distributable Income per Unit (46,608,796 Units)
$ .23
$ .24
$ .42
Distributions per Unit
$ .23
$ .24
$ .42
The accompanying Notes to Financial Statements are an integral part of these statements.
 
STATEMENTS OF CHANGES IN TRUST CORPUS
 
2021
2020
2019
Trust Corpus, Beginning of Year

$382,876

$424,507
$467,580
Amortization of Net Overriding Royalty Interests (Notes 2 and 3)

(30,188)

(41,631)
(43,073)
Distributable Income
10,721,775
10,958,618
19,421,131
Distributions Declared
(10,721,775)
(10,958,618)
(19,421,131)
Trust Corpus, End of Year

352,688

382,876
$424,507