| ESCORTS MUTUAL FUND | |||||||
| ESCORTS GROWTH PLAN | |||||||
| REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009 | |||||||
| SCHEDULE | FOR THE YEAR | FOR THE YEAR | |||||
| ENDED | ENDED | ||||||
| MARCH 31, 2009 | MARCH 31, 2008 | ||||||
| ( Rs.) | ( Rs.) | ||||||
| INCOME & GAINS | |||||||
| Interest | 6 | 496,023 | 110,945 | ||||
| Profit on Sale/Redemption of Investments | 3,773,945 | 26,227,983 | |||||
| (Other than Inter-Scheme Transfer/Sale) | |||||||
| Profit on Inter-Scheme transfer/sale | 68,366 | 234,371 | - | ||||
| Dividend | 269,980 | 299,928 | |||||
| Profit on Equity Stock Options | 7,951,658 | 5,749,763 | |||||
| - | - | ||||||
| Total Income | 12,559,972 | 32,622,990 | |||||
| - | - | ||||||
| EXPENSES & LOSSES | |||||||
| Loss on Sale/Redemption of Investments | 29,008,326 | 10,878,015 | |||||
| (Other than Inter-Scheme Transfer/Sale) | |||||||
| Loss on Inter-Scheme Transfer/Sale | 456,001 | 684,163 | |||||
| Loss on Equity Stock Options | 11,727,839 | 3,973,829 | |||||
| Investment Management & Advisory Fees | 504,831 | 661,554 | |||||
| Trusteeship Fees | 18,012 | 12,720 | |||||
| Audit Fees | 8,283 | 12,922 | |||||
| Custodian Fees | 8,681 | 12,490 | |||||
| Sundry Balance Written Off | 2,000 | 3,300 | |||||
| Other Operating Expenses | 7 | 333,936 | 441,033 | ||||
| Fringe Benefit Tax | 2,173 | 1,902 | |||||
| --------------------------- | --------------------------- | ||||||
| Total Expenses | 42,070,082 | 16,681,928 | |||||
| --------------------------- | --------------------------- | ||||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | (29,510,110) | 15,941,062 | |||||
| Net Change in Unrealised Depreciation in Value of Investments | 8 | 3,097,481 | (3,773,561) | ||||
| Equalisation Account | 1,451,918 | 4,842,948 | |||||
| Dividend | - | (4,958,404) | |||||
| --------------------------- | --------------------------- | ||||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (24,960,711) | 12,052,045 | |||||
| --------------------------- | --------------------------- | ||||||
| Significant Accounting Policies & Notes to the Accounts | 9 | ||||||
| The Schedules referred to above form an integral | |||||||
| part of the Revenue Account | |||||||
| As Per our report of even date | |||||||
| For S.N. DHAWAN & CO. | For ESCORTS MUTUAL FUND | For ESCORTS ASSET | |||||
| Chartered Accountants | (TRUSTEE: ESCORTS INVESTMENT TRUST LTD.) | MANAGEMENT LTD. | |||||
| (SURESH SETH) | (RAJAN NANDA) | (LALIT K. KHANNA) | |||||
| PARTNER | CHAIRMAN | DIRECTOR | |||||
| MEMBERSHIP NO - 10577 | |||||||
| (DR. RAKESH KHURANA) | (S.C. KUCHHAL) | ||||||
| DIRECTOR | DIRECTOR | ||||||
| PLACE : NEW DELHI | |||||||
| DATE : 22.07.2009 | |||||||