|
  |
|
Statements of Assets, Liabilities and Trust Corpus
December 31, 2005 and 2004 |
| ASSETS |
|
2005
|
2004
|
| Cash and Short-term Investments |
|
$7,264,048
|
$5,429,145
|
| Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3) |
|
1,610,630
|
1,795,267
|
| |
|
$8,874,678
|
$7,224,412
|
| LIABILITIES AND TRUST CORPUS |
|
|
|
Distribution Payable to Unit Holders
|
|
$7,264,048
|
$5,429,145
|
| Trust Corpus - 46,608,796 Units of Beneficial Interest Authorized and Outstanding |
|
1,610,630
|
1,795,267
|
| |
|
$8,874,678
|
$7,224,412
|
| |
Statements of Distributable Income
for the Three Years Ended December 31, 2005 |
| |
|
2005
|
2004
|
2003
|
Royalty Income
(Notes 2 and 3) |
|
$62,967,150
|
$45,016,670
|
$32,596,078
|
| Interest Income |
|
63,909
|
19,883
|
13,937
|
| |
|
63,031,059
|
45,036,553
|
32,610,015
|
| Expenditures - General and Administrative |
|
763,390
|
489,810
|
496,890
|
| Distributable Income |
|
$62,267,669
|
$44,546,743
|
$32,113,125
|
| Distributable Income per Unit (46,608,796 Units) |
|
$ 1.335964
|
$ .955758
|
$ .688993
|
| |
Statements of Changes in Trust Corpus
for the Three Years Ended December 31, 2005 |
| |
|
2005
|
2004
|
2003
|
| Trust Corpus, Beginning of Period |
|
$1,795,267
|
$1,991,594
|
$2,172,393
|
| Amortization of Net Overriding Royalty Interest (Notes 2 and 3)
|
|
(184,637)
|
(196,327)
|
(180,799)
|
| Distributable Income |
|
62,267,669
|
44,546,743
|
32,113,125
|
| Distributions Declared |
|
(62,267,669)
|
(44,546,743)
|
(32,113,125)
|
| Trust Corpus, End of Period |
|
$1,610,630
|
$1,795,267
|
$1,991,594
|
| The accompanying Notes
to Financial Statements are an integral part of these statements.
|
|
