MESABI TRUST
For the period ended Jan 31, 2024. Filed Apr 24, 2024.
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FY2024 · Filed Apr 24, 2024
MSB$17.19+0.4%Stored close · as of Nov 10, 2026
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EX-13 · Balance Sheets as of January 31, 2024 and 2023
BALANCE SHEETS
AS OF JANUARY 31, 2024 AND 2023
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · 2024 · 2023 | |||||||
| | | | | | | | |
| Assets | | | | | | | |
| | | | | | | | |
| Cash and cash equivalents | | $23,980,448 | | $13,966,500 | | ||
| Accrued income receivable | | 1,960,358 | | 23,562 | | ||
| Contract asset | | | 451,896 | | | — | |
| Prepaid expenses | | 297,647 | | 127,233 | | ||
| Current assets | | 26,690,349 | | 14,117,295 | | ||
| | | | | | | | |
| Fixed property, including intangibles, at nominal values | | | | | | | |
| | | | | | | | |
| Assignments of leased property | | | | | | | |
| | | | | | | | |
| Amended assignment of Peters Lease | | 1 | | 1 | | ||
| | | | | | | | |
| Assignment of Cloquet Leases | | 1 | | 1 | | ||
| | | | | | | | |
| Certificate of beneficial interest for 13,120,010 units of Land Trust | | 1 | | 1 | | ||
| | | 3 | | 3 | | ||
| | | | | | | | |
| Total assets | | $26,690,352 | | $14,117,298 | | ||
| | | | | | | | |
| Liabilities, Unallocated Reserve And Trust Corpus | | | | | | | |
| | | | | | | | |
| Liabilities | | | | | | | |
| Distribution payable | | $4,854,404 | | $— | | ||
| Accrued expenses | | | 860,802 | | | 380,960 | |
| Contract liability | | | — | | | 2,298,121 | |
| Total liabilities | | 5,715,206 | | 2,679,081 | | ||
| | | | | | | | |
| Unallocated reserve | | 20,975,143 | | 11,438,214 | | ||
| | | | | | | | |
| Trust corpus | | 3 | | 3 | | ||
| | | | | | | | |
| Total liabilities, unallocated reserve and trust corpus | | $26,690,352 | | $14,117,298 | | ||
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