Annual Report Open Ended Debt-1 - IDFC Mutual Fund
Annual Report Open Ended Debt-1 - IDFC Mutual Fund Annual Report Open Ended Debt-1 - IDFC Mutual Fund
ANNUAL REPORT 2006 Revenue Account for the year ended (Currency: Indian Rupee) March 31, 2006 March 31, 2005 Schedule GSSIF-IP GSSIF-ST GSSIF-MT GDBF GGSF-IP GGSF-ST GGSF-PF INCOME AND GAINS Interest 9 154,870,010 191,994,363 11,872,302 104,351,439 6,943,529 472,247 19,829,757 606,232,406 295,940,565 255,691,796 499,534,614 16,831,159 959,308 25,049,200 Profit on sale / redemption of 13,817,674 10,188,043 1,271,706 10,060,541 2,622,230 33,800 8,038,672 investments (other than inter-scheme 213,472,144 26,758,350 30,359,625 155,801,266 13,867,900 54,075 27,372,225 transfer/sale of investments) Profit on inter-scheme 1,946,218 - - 12,723,677 - - 40,150 transfer/sale of investments 55,176,346 73,691,305 5,876,570 3,974,699 15,225 - - Provision for depreciation in 26,961,123 3,024,188 48,065,560 82,086,261 7,400 18,650 58,650 value of investments written back - 30,867,462 51,756,255 8,776,629 - - - 197,595,025 205,206,594 61,209,568 209,221,918 9,573,159 524,697 27,967,229 874,880,896 427,257,682 343,684,246 668,087,208 30,714,284 1,013,383 52,421,425 EXPENSES AND LOSSES Loss on sale / redemption of 24,064,616 44,798,663 1,347,732 7,669,130 2,259,300 22,700 6,571,239 investments (other than inter- 409,119,046 87,307,021 37,856,894 354,834,985 30,889,013 462,100 49,194,680 scheme transfer/sale of investments) Loss on inter-scheme 21,659,819 - 53,872,596 105,357,706 - - - transfer/sale of investments 142,156,147 112,880,593 213,757,358 111,018,353 21,900 355,995 47,028 Management fees 18,517,440 8,108,275 398,582 4,306,450 1,315,909 12,189 2,986,950 72,289,509 23,227,647 12,591,469 70,230,905 3,235,084 86,523 2,549,180 Trusteeship Fees 330,600 - - - - - - 362,500 - - - - - - Registrar and Transfer 1,781,928 2,893,351 101,093 685,812 77,281 9,275 205,886 Agent’s fees and expenses 7,277,890 4,308,237 2,157,996 5,727,842 164,062 13,221 273,924 Custodian fees 303,199 777,831 20,578 142,164 - - - 1,112,438 560,718 312,327 477,796 - - - Commission to agents 11,102,004 4,619,239 303,535 2,359,115 437,008 26,197 1,051,256 31,524,595 8,424,946 7,813,398 26,752,221 642,602 77,192 1,685,335 Publicity and Marketing expenses 118,085 2,426 565 39,559 497 51 1,328 8,804,132 25,119 14,929 2,892,355 1,441 69 1,630 Audit fees 180,381 235,104 31,300 80,064 32,634 28,629 67,930 245,211 108,610 61,067 180,039 8,651 789 22,113 Service tax 2,034,739 1,109,123 49,247 501,224 142,022 2,173 325,689 6,808,743 2,209,999 1,203,124 6,552,753 316,769 8,624 273,716 Other operating expenses 10 1,600,938 1,081,833 334,721 495,689 384,683 15,518 933,010 4,062,782 1,876,449 1,419,478 9,470,466 272,877 26,005 461,153 11
OPEN ENDED SCHEMES Revenue Account for the year ended (Contd.) (Currency: Indian Rupee) March 31, 2006 March 31, 2005 Schedule GSSIF-IP GSSIF-ST GSSIF-MT GDBF GGSF-IP GGSF-ST GGSF-PF Provision for depreciation in 58,690,093 15,978,054 - 55,376,053 - - - value of investments 26,961,123 3,024,188 48,065,560 82,086,261 7,400 18,650 58,650 140,383,842 79,603,900 56,459,949 177,012,966 4,649,334 116,732 12,143,288 710,724,116 243,953,526 325,253,600 670,223,976 35,559,799 1,049,169 54,567,409 Surplus / (Deficit) for the year 57,211,183 125,602,694 4,749,619 32,208,952 4,923,825 407,965 15,823,941 164,156,780 183,304,156 18,430,646 (2,136,768) (4,845,515) (35,786) (2,145,984) Transfer from Equalisation Reserve (209,628,758) 13,466,110 3,773,716 (108,881,405) (26,079,361) 1,539,382 (2,934,919) (3,153,809,926) (336,887,680) (76,154,678) (564,998,422) (4,076,336) (346,529) 128,806 Distributable Surplus (152,417,575) 139,068,804 8,523,335 (76,672,453) (21,155,536) 1,947,347 12,889,022 (2,989,653,146) (153,583,524) (57,724,032) (567,135,190) (8,921,850) (382,315) (2,017,177) Income Distributed (including distribution tax) (17,055,620) (70,261,483) (1,515,355) (7,596,344) (1,164,948) (58,694) (1,633,466) (152,130,941) (133,273,276) (26,513,607) (88,977,953) (1,126,223) (52,369) (905,721) Retained Surplus, beginning of year (219,202,416) 82,275,801 (3,428,105) (47,640,452) 33,694,140 1,518,747 (2,429,755) 2,922,581,671 369,132,601 80,809,534 608,472,691 43,742,213 1,953,431 493,143 Retained Surplus / (Deficit), end of the year (388,675,611) 151,083,122 3,579,875 (131,909,248) 11,373,656 3,407,400 8,825,801 (219,202,416) 82,275,801 (3,428,105) (47,640,452) 33,694,140 1,518,747 (2,429,755) Significant accounting policies 2 Notes to Accounts 11 The schedules referred to above form an integral part of the Balance Sheet. As per our report attached of even date. For BSR & Co. Chartered Accountants For Standard Chartered Asset Management Company Private Limited Akeel Master Paul Jebson Naval Bir Kumar Rajiv Anand Partner Chairman Managing Director Head-Investments Director Membership No. 046768 Place : Mumbai August 2, 2006 12
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ANNUAL REPORT 2006<br />
Revenue Account for the year ended<br />
(Currency: Indian Rupee)<br />
March 31, 2006<br />
March 31, 2005<br />
Schedule GSSIF-IP GSSIF-ST GSSIF-MT GDBF GGSF-IP GGSF-ST GGSF-PF<br />
INCOME AND GAINS<br />
Interest 9 154,870,010 191,994,363 11,872,302 104,351,439 6,943,529 472,247 19,829,757<br />
606,232,406 295,940,565 255,691,796 499,534,614 16,831,159 959,308 25,049,200<br />
Profit on sale / redemption of 13,817,674 10,188,043 1,271,706 10,060,541 2,622,230 33,800 8,038,672<br />
investments (other than inter-scheme 213,472,144 26,758,350 30,359,625 155,801,266 13,867,900 54,075 27,372,225<br />
transfer/sale of investments)<br />
Profit on inter-scheme 1,946,218 - - 12,723,677 - - 40,150<br />
transfer/sale of investments 55,176,346 73,691,305 5,876,570 3,974,699 15,225 - -<br />
Provision for depreciation in 26,961,123 3,024,188 48,065,560 82,086,261 7,400 18,650 58,650<br />
value of investments written back - 30,867,462 51,756,255 8,776,629 - - -<br />
197,595,025 205,206,594 61,209,568 209,221,918 9,573,159 524,697 27,967,229<br />
874,880,896 427,257,682 343,684,246 668,087,208 30,714,284 1,013,383 52,421,425<br />
EXPENSES AND LOSSES<br />
Loss on sale / redemption of 24,064,616 44,798,663 1,347,732 7,669,130 2,259,300 22,700 6,571,239<br />
investments (other than inter- 409,119,046 87,307,021 37,856,894 354,834,985 30,889,013 462,100 49,194,680<br />
scheme transfer/sale of investments)<br />
Loss on inter-scheme 21,659,819 - 53,872,596 105,357,706 - - -<br />
transfer/sale of investments 142,156,147 112,880,593 213,757,358 111,018,353 21,900 355,995 47,028<br />
Management fees 18,517,440 8,108,275 398,582 4,306,450 1,315,909 12,189 2,986,950<br />
72,289,509 23,227,647 12,591,469 70,230,905 3,235,084 86,523 2,549,180<br />
Trusteeship Fees 330,600 - - - - - -<br />
362,500 - - - - - -<br />
Registrar and Transfer 1,781,928 2,893,351 101,093 685,812 77,281 9,275 205,886<br />
Agent’s fees and expenses 7,277,890 4,308,237 2,157,996 5,727,842 164,062 13,221 273,924<br />
Custodian fees 303,199 777,831 20,578 142,164 - - -<br />
1,112,438 560,718 312,327 477,796 - - -<br />
Commission to agents 11,102,004 4,619,239 303,535 2,359,115 437,008 26,197 1,051,256<br />
31,524,595 8,424,946 7,813,398 26,752,221 642,602 77,192 1,685,335<br />
Publicity and Marketing expenses 118,085 2,426 565 39,559 497 51 1,328<br />
8,804,132 25,119 14,929 2,892,355 1,441 69 1,630<br />
Audit fees 180,381 235,104 31,300 80,064 32,634 28,629 67,930<br />
245,211 108,610 61,067 180,039 8,651 789 22,113<br />
Service tax 2,034,739 1,109,123 49,247 501,224 142,022 2,173 325,689<br />
6,808,743 2,209,999 1,203,124 6,552,753 316,769 8,624 273,716<br />
Other operating expenses 10 1,600,938 1,081,833 334,721 495,689 384,683 15,518 933,010<br />
4,062,782 1,876,449 1,419,478 9,470,466 272,877 26,005 461,153<br />
11
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