| ESCORTS MUTUAL FUND | ||||||||
| ESCORTS OPPORTUNITIES FUND | ||||||||
| 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 | 83,705,325 | 57,516,229 | |||||
| Profit on Sale/Redemption of Investments | 305,570,142 | 84,930,725 | ||||||
| (other than Inter-Scheme Transfer/Sale) | ||||||||
| Profit on Inter-Scheme Transfer/Sale of Investments | 229,599 | 3,354,856 | ||||||
| Dividend | 5,048,821 | 7,797,552 | ||||||
| Profit on Equity Stock Option | 63,050,096 | 302,894,599 | ||||||
| ----------------------- | ----------------------- | |||||||
| Total Income | 457,603,983 | 456,493,961 | ||||||
| ----------------------- | ----------------------- | |||||||
| EXPENSES & LOSSES | ||||||||
| Loss on Equity Stock Options | 187,406,721 | 302,456,804 | ||||||
| Loss on Sale/Redemption of Investments | 38,249,809 | 496,074,519 | ||||||
| (other than Inter-Scheme Transfer/Sale) | ||||||||
| Loss on Inter-Scheme Transfer/Sale of Investments | 70,240 | 23,999,542 | ||||||
| Sundry Balances Written off | - | 168,563 | ||||||
| Investment Management & Advisory Fees | 20,090,111 | 19,563,618 | ||||||
| Trusteeship Fees | 785,246 | 748,101 | ||||||
| Custodian Fees | 315,514 | 366,788 | ||||||
| Audit Fees | 310,873 | 286,444 | ||||||
| SEBI Annual Fee | 199,561 | 174,085 | ||||||
| Registrar's Fees | 466,028 | 495,323 | ||||||
| Other Operating Expenses | 7 | 17,242,903 | 18,655,932 | |||||
| Fringe Benefit Tax | - | 84,373 | ||||||
| ----------------------- | ----------------------- | |||||||
| 265,137,006 | 863,074,092 | |||||||
| Less: Expenses to be Re-imbursed by Asset Management Company | 1,574,570 | 4,206,860 | ||||||
| ----------------------- | ----------------------- | |||||||
| Total Expenses | 263,562,436 | 858,867,232 | ||||||
| ----------------------- | ----------------------- | |||||||
| NET SURPLUS/(DEFICIT) FOR THE YEAR | 194,041,547 | (402,373,271) | ||||||
| Net Change in Unrealised Appriciation/(Depriciation) in Value of Investments | 8 | 2,533,199 | 88,954,232.24 | |||||
| Equalisation Account | (22,350) | 141,793,134.13 | ||||||
| Dividend | (144,316,667) | (177,412,163.33) | ||||||
| ----------------------- | ----------------------- | |||||||
| Retained Surplus/(Deficit) carried forward to Balance Sheet | 52,235,729 | (349,038,068) | ||||||
| ----------------------- | ----------------------- | |||||||
| 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. | ||||||
| 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 : | ||||||||