| ESCORTS MUTUAL FUND | ||||||
| ESCORTS INCOME BOND | ||||||
| REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2010 | ||||||
| SCHEDULE | FOR THE YEAR ENDED | FOR THE YEAR ENDED | ||||
| MARCH 31, 2010 | MARCH 31, 2009 | |||||
| ( Rs.) | ( Rs.) | |||||
| INCOME & GAINS | ||||||
| Interest | 6 | 3,219,744 | 2,527,481 | |||
| Dividend | 14,648 | - | ||||
| Profit on Sale/Redemption of Investments | 810,872 | 221,887 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Profit on Inter Scheme Transfer/Sale) | 59,470 | 167,338 | ||||
| Profit on Equity Stock Option | 179,975 | 313,362 | ||||
| ---------------------- | ---------------------- | |||||
| Total Income | 4,284,709 | 3,230,068 | ||||
| ---------------------- | ---------------------- | |||||
| EXPENSES & LOSSES | ||||||
| Loss on Equity Stock Options | 52,351 | 870,452 | ||||
| Investment Management & Advisory Fees | 504,175 | 467,157 | ||||
| Loss on Sale/Redemption of Investments | 35,204 | 1,111,040 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Inter Scheme Transfer/Sale) | 309,164 | 756,224 | ||||
| Trusteeship Fees | 18,312 | 16,672 | ||||
| Audit Fees | 8,341 | 7,067 | ||||
| Custodian Fees | 10,250 | 9,352 | ||||
| Registrar fees | 58,034 | 54,948 | ||||
| Other Operating Expenses | 7 | 100,205 | 136,636 | |||
| Fringe Benefit Tax | - | 2,012 | ||||
| ---------------------- | ---------------------- | |||||
| 1,096,036 | 3,431,560 | |||||
| ---------------------- | ---------------------- | |||||
| Total Expenses | 1,096,036 | 3,431,560 | ||||
| ---------------------- | ---------------------- | |||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | 3,188,673 | (201,492) | ||||
| Net Change in Unrealised Appreciation / (Depreciation) in Value of Investments | 8 | 1,091,610 | (253,382) | |||
| Equilisation Account | 6,427,924 | (291,612) | ||||
| ---------------------- | ---------------------- | |||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | 10,708,207 | (746,486) | ||||
| ---------------------- | ---------------------- | |||||
| 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 ESCORTS MUTUAL FUND | For ESCORTS ASSET | ||||
| (TRUSTEE: ESCORTS INVESTMENT TRUST LTD.) | MANAGEMENT LTD. | |||||
| For S.N. DHAWAN & CO. | ||||||
| Chartered Accountants | (RAJAN NANDA) | (LALIT K. KHANNA) | ||||
| Regn. No. 000050N | CHAIRMAN | DIRECTOR | ||||
| ( SURESH SETH ) | (S.C. KUCHHAL) | |||||
| PARTNER | DIRECTOR | |||||
| MEMBERSHIP NO -10577 | (DR. RAKESH KHURANA) | |||||
| DIRECTOR | ||||||
| PLACE : NEW DELHI | ||||||
| DATE : | ||||||