| ESCORTS MUTUAL FUND | ||||||
| ESCORTS INCOME PLAN | ||||||
| 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 | 3,815,191 | 5,477,152 | |||
| Profit on Sale/Redemption of Investments | 244,795 | 221,610 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Profit on Inter-Scheme Transfer/Sale of Investments | 396,792 | 1,204,579 | ||||
| ---------------------------- | ---------------------------- | |||||
| Total Income | 4,456,778 | 6,903,341 | ||||
| ---------------------------- | ---------------------------- | |||||
| EXPENSES & LOSSES | ||||||
| Investment Management & Advisory Fees | 644,438 | 821,718 | ||||
| Loss on Sale/Redemption of Investments | - | 15,260 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Inter-Scheme Transfer/Sale of Investments | 326,884 | 357,652 | ||||
| Trusteeship Fees | 23,369 | 29,334 | ||||
| Audit Fees | 14,373 | 12,695 | ||||
| Custodian Fees | 14,205 | 18,853 | ||||
| Registrar's Out of pocket Expenses | 14,956 | 20,800 | ||||
| Sundry Balances Written off | - | 4,235 | ||||
| Fringe Benefit Tax | - | 3,543 | ||||
| Other operating expenses | 7 | 319,428 | 459,722 | |||
| ---------------------------- | ---------------------------- | |||||
| 1,357,653 | 1,743,812 | |||||
| Less: Expenses to be Re-imbursed by Asset Management Company | - | 46,643 | ||||
| ---------------------------- | ---------------------------- | |||||
| Total Expenses | 1,357,653 | 1,697,169 | ||||
| ---------------------------- | ---------------------------- | |||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | 3,099,125 | 5,206,172 | ||||
| Net Change in Unrealised Appriciation/(Depriciation) in the value of Investments | 8 | 501,360 | 731,301 | |||
| Equalisation Account | (9,447,739) | 3,014,421 | ||||
| Dividend | (252,218) | (236,992) | ||||
| ---------------------------- | ---------------------------- | |||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (6,099,472) | 8,714,902 | ||||
| ---------------------------- | ---------------------------- | |||||
| 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 | |||||
| Chartered Accountants | (TRUSTEE: ESCORTS INVESTMENT TRUST LTD.) | |||||
| Regn. No. 000050N | ||||||
| ( 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 : | ||||||