ESCORTS ASSET MANAGEMENT LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009
			Schedule		Year ended		Year ended
					31.03.2009		31.03.2008
					Rs.		Rs.
INCOME
	Income from Operations		H		22,125,224		18,677,051
	Profit on Sale of Non-Trade Long Term Investments				-		595,401
	Profit on Sale of Stock-in-Trade				-		6,010,293
	Other Income		I		9,794,308		5,697,426
		Total			31,919,532		30,980,171
EXPENDITURE
	Personnel		J		11,868,503		10,332,790
	Administrative and Others		K		22,178,996		18,162,094
	Loss on Sale of Non-Trade Long Term Investments				2,739,399		-
	Loss on Sale of Stock-in-Trade				1,798,865		-
	Diminution in value of Stock in Trade				534,380		333,361
		Total			39,120,143		28,828,245
PROFIT / (LOSS) BEFORE DEPRECIATION					(7,200,611)		2,151,926
	Depreciation/Amortisation		C		791,297		702,032
PROFIT / (LOSS) BEFORE TAX					(7,991,908)		1,449,894
		Provision for Tax
		Current Tax			-		(350,000)
		Deferred Tax			432,864		169,542
		Fringe Benefit Tax			(66,729)		(82,000)
		Excess Provision of Tax for earlier years written back			-		26,054
PROFIT / (LOSS) AFTER TAX					(7,625,773)		1,213,490
APPROPRIATIONS
		Reserve Fund			-		242,698
		Profit / (Loss) transfer to General Reserve			(7,625,773)		970,792
		Total			(7,625,773)		1,213,490
Significant Accounting Policies &
Notes to the Accounts			L
The Schedules referred to above form an integral part of the accounts
Per our report of even date						On behalf of the Board
for Bansal Gupta  & Associates
Chartered Accountants					Whole Time Director		Director
Pankaj Gupta						Vipin Chawla
Partner						Company Secretary
Membership No.:  93233
Place :   New Delhi
Dated :  20-07-09