Annual Report – Open Ended Liquid Schemes - IDFC Mutual Fund

ANNUAL REPORT 2008
Schedules to the financial statements (Contd.)
for the period / year ended March 31, 2008
(Currency: Indian Rupee)
GCF
22
GFRF - ST
5 Current liabilities and provisions
Management fees payable (net of tax) 230,587 188,704 3,142,447
692,897 347,337 -
Unit redemption money payable 2,073,785 32,600,000 129,676,913
2,204,292 38,811 49,460
Commision payable 271,031 1,107,943 9,421,992
981,412 1,106,830 518,592
Load - - 1,461,711
- - 1,075,906
Tax deducted at source payable 92,929 82,386 1,312,077
147,578 83,252 100,828
Provision for dividend payable 85,463 295,694 3,329,380
382,466 1,120,860 3,442,862
Other liabilities 150,063 4,300,195 6,666,392
606,725 5,358,793 367,047
2,903,858 38,574,922 155,010,912
5,015,370 8,055,883 5,554,695
GFRF - LT
March 31, 2008
March 31, 2007
Cost *
Market / Cost *
Market / Cost *
Market /
Fair
Value
Fair
Value
Fair
Value
6 Investments
(net of appreciation / depreciation)
Debentures & bonds listed / awaiting listing 640,086,480 640,072,210 710,293,800 710,256,800 4,402,921,230 4,398,330,250
on recognised stock exchange 1,003,330,880 1,002,126,720 1,561,119,910 1,561,014,410 30,305,370 30,273,440
Commercial paper - - - - 144,808,761 144,808,761
308,184,441 308,184,441 - - 49,122,052 49,122,052
Certificate of deposit 72,162,545 72,162,545 276,020,466 276,020,466 8,289,880,384 8,289,880,384
1,874,639,784 1,874,639,784 166,611,159 166,611,159 206,603,549 206,603,549
Securitised debt - - - - 964,502,429 968,372,711
- - 9,995,960 10,326,127 265,561,591 264,466,912
Reverse repos - - - - - -
2,294,069 2,294,069 3,632,275 3,632,275 1,720,551 1,720,551
MIBOR linked instruments - - 10,167,350 10,053,510 516,021,770 517,422,960
- - 10,167,350 10,166,730 10,167,350 10,166,730
712,249,025 712,234,755 996,481,616 996,330,776 14,318,134,574 14,318,815,066
3,188,449,174 3,187,245,014 1,751,526,654 1,751,750,701 563,480,463 562,353,234
*Cost includes interest accreted in respect of money market instruments till valuation date. Investments of the Scheme are registered in the name of the Scheme except
for CBLO, treasury bills and reverse repos, which are registered in the name of the Fund for the benefit of Scheme’s unitholders.
7 Current assets
Balances with banks in current account ** 14,812,173 49,724 415,850,618
20,324,725 48,668,476 162,913,269
Contracts for sale of investments - - 690,480
- - -
Interest accrued 18,073,710 18,694,330 136,015,620
32,268,674 36,574,166 1,081,699
Other assets 233,000 213,097 436,334,317
648,646 439,456 954,237
33,118,883 18,957,151 988,891,035
53,242,045 85,682,098 164,949,205
** Certain bank accounts of the Schemes are held in the name of the Fund, for the benefit of Scheme’s unitholders.