Mesabi trust (MSB)
Income statement / Yearly
Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10
REVENUES
Royalties under amended lease agreements

-

-

-

10,465

9,297

25,398

21,497

30,767

33,467

32,751

12,924

Royalties under Peters Lease fee

-

-

-

416

417

672

545

794

687

576

305

Interest

283

259

92

5

7

9

2

1

4

-

-

Interest income

-

-

-

-

-

-

-

-

-

14

11

Total revenues

31,990

47,293

34,495

10,887

9,721

26,080

22,045

31,562

34,158

33,341

13,241

EXPENSES
Compensation of Trustees

271

264

207

188

188

223

213

248

243

223

178

Corporate Trustee's administrative fees

62

62

62

62

62

62

62

62

62

62

62

Professional fees and expenses:
Legal

928

636

366

399

494

452

306

214

272

238

224

Accounting and auditing

185

140

142

151

146

125

106

116

127

127

125

Mining consultant and field representatives

30

33

56

27

28

28

53

25

24

23

22

Insurance

134

119

118

118

120

120

121

120

113

69

66

Annual stock exchange fee

68

65

59

53

45

42

42

38

38

38

38

Transfer agent's and registrar's fees

6

7

7

5

8

9

8

8

6

11

9

Other Trust expenses

247

405

51

115

68

248

74

72

31

84

89

Total Expenses

1,935

1,734

1,071

1,123

-

-

-

-

-

-

-

Expenses

-

-

-

-

1,162

1,312

-

-

-

-

818

Total expenses

-

-

-

-

-

-

988

908

920

878

-

Net income

30,055

45,559

33,423

9,763

8,558

24,767

21,056

30,654

33,237

32,463

12,423

WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING

13,120

13,120

13,120

13,120

13,120

13,120

13,120

-

-

-

-

Number of units outstanding

-

-

-

-

-

-

-

-

-

13,120

13,120

WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING

-

-

-

-

-

-

-

13,120

13,120

-

-

Net income per unit (Note 2) (in dollars per unit)

2.29

3.47

2.54

0.74

0.65

1.88

1.60

2.33

2.53

2.47

0.94

Royalties From Leases [Member]
Royalty income

30,983

46,430

33,883

-

-

-

-

-

-

-

-

Royalties From Lease Fees [Member]
Royalty income

724

603

519

-

-

-

-

-

-

-

-