| ESCORTS MUTUAL FUND | ||||||
| ESCORTS HIGH YIELD EQUITY PLAN | ||||||
| REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009 | ||||||
| SCHEDULE | FOR THE YEAR ENDED | FOR THE YEAR ENDED | ||||
| MARCH 31, 2009 | MARCH 31, 2008 | |||||
| ( Rs.) | ( Rs.) | |||||
| INCOME & GAINS | ||||||
| Interest | 6 | 2,584,465 | 2,577,583 | |||
| Profit on Sale/Redemption of Investments | 2,255,358 | 43,941,701 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Dividend | 1,150,267 | 1,632,202 | ||||
| Profit on Derivatives | 5,909,915 | 10,259,591 | ||||
| ---------------------- | ---------------------- | |||||
| Total Income | 11,900,005 | 58,411,077 | ||||
| ---------------------- | ---------------------- | |||||
| EXPENSES & LOSSES | ||||||
| Loss on Sale/Redemption of Investments | 27,280,570 | 17,815,685 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Sale on Inter Scheme | 1,472,973 | 398,048 | ||||
| Loss on Derivatives | 18,725,271 | 11,017,109 | ||||
| Investment Management & Advisory Fees | 1,118,342 | 1,735,377 | ||||
| Trusteeship Fees | 39,914 | 61,279 | ||||
| Audit Fees | 17,669 | 29,888 | ||||
| Custodian Fees | 27,067 | 35,803 | ||||
| Registrar fees | 28,294 | 42,527 | ||||
| Other Operating Expenses | 7 | 1,171,544 | 1,399,177 | |||
| Fringe Benefit tax | 4,816 | 5,332 | ||||
| ---------------------- | ---------------------- | |||||
| 49,886,460 | 32,540,225 | |||||
| Less: Expenses to be Re-imbursed | 412,539 | 220,425 | ||||
| by Asset Management Company | ---------------------- | ---------------------- | ||||
| Total Expenses | 49,473,921 | 32,319,800 | ||||
| ---------------------- | ---------------------- | |||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | (37,573,916) | 26,091,277 | ||||
| Net Change in Unrealised Depriciation in Value of Investments | 8 | (1,325,424) | (34,575) | |||
| Dividend Paid | - | (11,064,457) | ||||
| Equilisation Account | 2,142,039 | (6,834,420) | ||||
| ---------------------- | ---------------------- | |||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (36,757,301) | 8,157,825 | ||||
| ---------------------- | ---------------------- | |||||
| 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. | ||||
| (LALIT K. KHANNA) | ||||||
| (SURESH SETH) | (RAJAN NANDA) | DIRECTOR | ||||
| PARTNER | CHAIRMAN | |||||
| MEMBERSHIP NO -10577 | ||||||
| (DR. RAKESH KHURANA) | (S.C. KUCHHAL) | |||||
| DIRECTOR | DIRECTOR | |||||
| PLACE : NEW DELHI | ||||||
| DATE : 22.07.2009 | ||||||