| ESCORTS MUTUAL FUND | ||||||
| ESCORTS LIQUID 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 | 5,445,735 | 6,654,926 | |||
| Profit on Sale/Redemption of Investments | 8,261 | 7,489 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Profit on Inter Scheme Transfer/Sale | 112,464 | 65,899 | ||||
| ---------------------- | ---------------------- | |||||
| Total Income | 5,566,460 | 6,728,314 | ||||
| ---------------------- | ---------------------- | |||||
| EXPENSES & LOSSES | ||||||
| Loss on Sale/Redemption of Investments | - | 43,316 | ||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Inter Scheme Transfer/Sale | 3,450 | 5,501 | ||||
| Investment Management & Advisory Fees | 185,485 | 231,707 | ||||
| Trusteeship Fees | 28,479 | 36,886 | ||||
| Audit Fees | 2,431 | 4,158 | ||||
| Custodian Fees | 18,144 | 24,850 | ||||
| Registrar fees | 4,688 | 5,678 | ||||
| Other Operating Expenses | 7 | 139,304 | 212,593 | |||
| Fringe Benefit tax | 803 | 723 | ||||
| ---------------------- | ---------------------- | |||||
| 382,784 | 565,412 | |||||
| Less: Expenses to be Re-imbursed | 103,837 | 172,898 | ||||
| by Asset Management Company | ---------------------- | ---------------------- | ||||
| Total Expenses | 278,947 | 392,514 | ||||
| ---------------------- | ---------------------- | |||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | 5,287,513 | 6,335,800 | ||||
| Equilisation Account | (8,782,960) | 4,087,110 | ||||
| Dividend | 614,301 | - | ||||
| ---------------------- | ---------------------- | |||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (4,109,748) | 10,422,910 | ||||
| ---------------------- | ---------------------- | |||||
| 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 | ||||||