| ESCORTS MUTUAL FUND | ||||||
| ESCORTS INFRASTRUCTURE FUND | ||||||
| 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 | 1,694,202 | 932,779 | |||
| Profit on Sale/Redemption of Investments | 2,124,014 | 41,429,262 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Profit on Inter-Scheme transfer/sale | 3,983 | 888,695 | ||||
| Dividend | 523,806 | 250,950 | ||||
| Other Income | - | 4,311 | ||||
| Profit on Derivatives | 10,115,262 | 7,430,556 | ||||
| ---------------------- | ---------------------- | |||||
| Total Income | 14,461,267 | 50,936,553 | ||||
| ---------------------- | ---------------------- | |||||
| EXPENSES & LOSSES | ||||||
| Loss on Sale/Redemption of Investments | 54,330,578 | 17,945,457 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Sale on Inter Scheme | 976,926 | 788 | ||||
| Loss on Derivatives | 19,452,294 | 6,058,167 | ||||
| Investment Management & Advisory Fees | 982,018 | 1,060,227 | ||||
| Amortisation Charges of IPO | 1,228,231 | 908,432 | ||||
| Trusteeship Fees | 37,436 | 69,122 | ||||
| Audit Fees | 15,463 | 16,854 | ||||
| Custodian Fees | 18,675 | 21,922 | ||||
| Registrar fees | 24,838 | 25,982 | ||||
| Other Operating Expenses | 7 | 1,230,756 | 944,796 | |||
| Fringe Benefit tax | 4,228 | 54,070 | ||||
| ---------------------- | ---------------------- | |||||
| 78,301,443 | 27,105,817 | |||||
| Less: Expenses to be Re-imbursed | 562,028 | 429,037 | ||||
| by Asset Management Company | ---------------------- | ---------------------- | ||||
| Total Expenses | 77,739,415 | 26,676,780 | ||||
| ---------------------- | ---------------------- | |||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR/PERIOD | (63,278,148) | 24,259,773 | ||||
| Net Change in Unrealised Depriciation in Value of Investments | 8 | 6,941,685 | (12,831,570) | |||
| Equilisation Account | 406,520 | (1,837,919) | ||||
| ---------------------- | ---------------------- | |||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (55,929,943) | 9,590,284 | ||||
| ---------------------- | ---------------------- | |||||
| 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 | ||||||