| ESCORTS MUTUAL FUND | ||||||
| ESCORTS LEADING SECTOR FUND | ||||||
| REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009 | ||||||
| SCHEDULE | FOR THE YEAR ENDED | |||||
| MARCH 31, 2009 | ||||||
| ( Rs.) | ||||||
| INCOME & GAINS | ||||||
| Interest | 6 | 79,862 | ||||
| Profit on Sale/Redemption of Investments | 105,888 | |||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Profit on Inter-Scheme transfer/sale | 38,368 | |||||
| Dividend | 46,369 | |||||
| Other Income | - | |||||
| Profit on Derivatives | 1,017,798 | |||||
| ---------------------- | ||||||
| Total Income | 1,288,285 | |||||
| ---------------------- | ||||||
| EXPENSES & LOSSES | ||||||
| Loss on Sale/Redemption of Investments | 4,056,835 | |||||
| (Other than Inter-Scheme Transfer/Sale) | ||||||
| Loss on Sale on Inter Scheme | 616,303 | |||||
| Loss on Derivatives | 976,213 | |||||
| Investment Management & Advisory Fees | 84,330 | |||||
| Trusteeship Fees | 5,114 | |||||
| Audit Fees | 1,103 | |||||
| Custodian Fees | 1,270 | |||||
| Registrar fees | 2,138 | |||||
| Other Operating Expenses | 7 | 134,216 | ||||
| Fringe Benefit tax | 364 | |||||
| ---------------------- | ||||||
| 5,877,886 | ||||||
| Less: Expenses to be Re-imbursed | 77,803 | |||||
| by Asset Management Company | ---------------------- | |||||
| Total Expenses | 5,800,083 | |||||
| ---------------------- | ||||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR/PERIOD | (4,511,798) | |||||
| Net Change in Unrealised Depriciation in Value of Investments | 8 | (2,300,528) | ||||
| Equilisation Account | 549,374 | |||||
| ---------------------- | ||||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | (6,262,952) | |||||
| ---------------------- | ||||||
| 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 | ||||||