4.

2 RESULT OF DATA ANALYSIS

Objective 1: To identify the format of CSR activity report on expenditures.

FORMAT OF THE ANNUAL REPORT ON CSR ACTIVITIES TO BE

INCLUDED IN THE BOARD’S REPORT

Sr.no Particulars Remarks

1 A Brief outline of the Company’s CSR
policy, including overview of projects
or programs proposed to be
undertaken and a reference to the web
link to the CSR policy and project or
programs.
2 The Composition of the CSR
Committee.
3 Average net profit of the Company for
last three financial years.
4 Prescribed CSR Expenditure (two per
cent. of the amount as in item 3
above).
5 Details of CSR spent during the
financial year: a) Total amount to be
spent for the financial year b) Amount
unspent, if any; c) Manner in which
the amount spent during the financial
year is detailed below

(1) (2) (3) (4) (5) (6) (7) (8)

SI. CSR Sector in Projects or Amount Amount Cumulative Direct or
No Project which programs outlay spent on the expenditure through
or the (1) Local (budget) projects or up to the implement
activity Project is area or project programs reporting ing agency
Identifie covered other (2) or Subheads: period
d Specify the programs (1) Direct
State and wise expenditure
district on projects
 where or programs
projects or (2)
programs Overheads:
was
undertaken
1
2
TOTAL

1. In case the company has failed to spend the two per cent of the average net profit of the
last three financial years or any part thereof, the reasons for not spending the amount should
be mentioned in its Board report.

2. A responsible statement of the CSR Committee that the implementation and monitoring of
CSR Policy, is in compliance with CSR objectives and Policy of the company.

(Chief Executive Officer or (Chairman CSR Committee) (Person specified under

clause (d)of sub-section (1)
Managing Director or
of section 380 of the Act)
Director)
(Where applicable)

Objective 2: To investigate the irregularities of CSR accounting.

Reasons for irregularities of CSR Accounting:

Irregularities in CSR accounting are not the immediate results of hard economic conditions.
They happen when the board is poor, in regard of corporate administration, bookkeeping and
financial reporting and when there is a perceived lack of independence on the part of specific
audit professionals. And there are number of reasons observed why corporate social
responsibility Accounting scandals occur in an organisation. These are:

 Frauds and cheats may happen because of carelessness of top administration and
failure of effective knowledge management
  There is a lack of allocation of responsibilities by the management and lack of
supervision.
 There is an inadequate observing of managers those responsible for CSR Accounting
and control of rogue managers’ activities.
 An over dependence on an instinctive management style by rogue managers and
executives persuaded by emotions: they want immense profits and they liked the
performance of rogue managers and preferred them.
 A disappointment with respect to the management to identify any fraudulent
activities.
 Few independent auditors fail to detect mistakes in financial statements, in large part
because they are influenced by the organization’s management.
 Insufficient information technology system for decision support and detection of fraud
 No efficient system for verification of trade entries.
 Colleagues and/or senior management had a poor knowledge of derivatives.
 Top management which is strongly motivated to make favourable reports on their
results is more to be responsible for accounting scandals.
Overall, fraudulent firms strategically adjust their CSR performance to coordinate with their
fraudulent financial activities.

Objective 3: To find the companies spending less than 2% of their annual revenues on CSR
activities and their various CSR projects.

Hypothesis 1:
H01= There is no significant difference between prescribed CSR and Actual CSR
expenditure of Reliance Industries Limited for the financial years 2015-2019.
 HA1= There is a significant difference between prescribed CSR and Actual CSR expenditure
of Reliance Industries Limited for the financial years 2015-2019.

The first hypothesis was tested by conducting the repeated measures t-test. The outcome of
the Statistical Package for Social Sciences (SPSS) analysis is given in the tables below.

Table 1.1
Mean and Standard Deviation of Prescribed and Actual Corporate Social Responsibility
Amount of Reliance Industries Limited (FY 2015-2019)

CSR AMOUNT MEAN STANDARD DEVIATION

PRECRIBED 645 113.642
ACTUAL 733.20 81.272

Figure 1.1
Bar graph of the means of Prescribed and Actual Corporate Social Responsibility (FY 2015-
2019)

CSR
740 733.2
720
700 RELIANCE
INDUSTRIES LMITED
680 CSR EXPENDITURE
660 645
640
620
600
PRESCRIBED CSR ACTUAL CSR

Table 1.2
Repeated measures t-test for Prescribed and Actual Corporate Social Responsibility Amount
of Reliance Industries Limited (FY 2015-2019)
CSR n=5 df t Stat P t critical
AMOUNT two tail
PRECRIBED 5 4 2.416 0.073 2.776
ACTUAL 5
*p > 0.05

INTERPRETATION:
The first hypothesis is tested with the help of t test for differences in mean value. This
hypothesis is tested between prescribed CSR and Actual CSR of Reliance Industries Limited
(FY 2015-2019). The mean of Prescribed Corporate Social Responsibility of Reliance
Industries Limited (M= 645, SD= 113.642) was found to be significantly lesser than the mean
of Actual Corporate Social Responsibility (M= 733.20, SD= 81.72) as shown in the Table
1.1. The standard Deviation of Prescribed CSR is 113.642 and Actual CSR is 81.72 as shown
in the figure…. A repeated measures t-test was conducted to compare the means of
Prescribed CSR and Actual CSR expenditure of Reliance Industries Limited for the financial
years 2015-2019. . The results of the repeated measures t-test were expressed as t (4) = 2.416,
p=0.073. Table 1.2 shows that the calculated value of t (2.416) is lesser than the critical value
(2.776) and it is revealed that null hypothesis (H01) are accepted. This indicates that the
Reliance Industries Limited expenditure between Prescribed CSR and Actual CSR is not
different. So it reveals that there is no significant difference between prescribed CSR and
Actual CSR expenditure. As per the P-value approach, the p-value is p = p=0, and since p = 0
> 0.05p=0 > 0.05, it is concluded that the null hypothesis is accepted.
2015-2016

Companies Prescribed Actual CSR % unspent % spent

CSR(in cr) spent(in cr)
TCS 360 280
ONGC 590 419
Infosys 256 202
BHEL 110 66
Bharti Airtel 189 44

700

600 590

500
419
400 360
PRESCRIBED CSR
300 280 ACTUAL CSR
256
202 189
200

110
100 66
44

0
TCS ONGC Infosys BHEL Bharti Airtel
VARIOUS CSR PROJECTS:

 TCS:
S. No Category Rs. Crore
1 Education and skill building 71.16
2 Health and wellness 71.30
3 Restoration of heritage site 0.30
4 Environmental sustainability 0.06
5 Contribution to TCS foundation 118.07
6 Contribution to PM National Relief Fund 4.44
7 Promoting Gender Equality 1.09

8 Contribution to trusts engaged in CSR 13.80

Total 280
 TCS CSR Projects (in Cr)
4.44 1.09 13.8 Education and skill building
Health and wellness
71.16 Restoration of heritage site

Environmental sustainability
Contribution to TCS foundation

118.07 Contribution to PM National

Relief Fund
Promoting Gender Equality
71.3
Contribution to trusts engaged
in CSR

 ONGC:
S. No Category Rs. Crore
1 Environmental activities 8.27
2 Promoting education 24.27
3 Healthcare and sanitation activities 10.72
4 Healthcare supports 11.69
5 Support to KV schools of ONGC 37.03
6 Swachh Viyalaya Abhiyan 101.79
7 Gramin LPG Vitrak Yojana 159.94
8 Others 65
Total 419
 ONGC CSR Projects (in Cr)
8.27 Environmental activities
65 24.27 10.72
11.69Promoting education

Healthcare and sanitation

37.03 activities
Healthcare supports

Support to KV schools of ONGC

Swachh Viyalaya Abhiyan

159.94 101.79
Gramin LPG Vitrak Yojana

Others

 Infosys:
S. No Category Rs. Crore
1 Environmental sustainability 10.34
2 Rural development projects 50.88
3 Education and skill building 43.60
4 Art and culture 6.50
5 Destitute care and rehabilitation 13.10
6 Health care 40.26
7 Malnutrition and hunger eradication 15.64
8 Others 17.55

9 Overhead 4.43
Total 202
 INFOSYS CSR Projects (in Cr)
4.43 10.34 Environmental sustainability
17.55 Rural development projects

Education and skill building

15.64
50.88 Art and culture

Destitute care and

rehabilitation
40.26
Health care

Malnutrition and hunger

eradication
13.1 43.6
Others
6.5
Overhead

 BHEL:
S. No Category Rs. Crore
1 Sanitation facilities 0.56
2 Preservation of heritage 0.35
3 Educational activities 0.98
4 School activities 12.26
5 Relief fund 0.44
6 School expenditure 22.41
7 Skill development projects 3.61
8 Environmental activities 4.60
9 Rural development activities 2.26
10 Others 18.53
Total 66
 BHEL CSR CSR Projects (in Cr)
0.56 0.35 0.98

Sanitation facilities
Preservation of heritage
12.26
18.53 Educational activities
School activities
Relief fund
0.44 School expenditure
Skill development projects
Environmental activities
2.26 Rural development activities
Others
4.6
22.41
3.61

 Bharti Airtel:
S. No Category Rs. Crore
1 Anubandh 0.20
2 Girl education 0.10
3 Employment enhancing vocation skills 0.69
4 Satya Bharti Abhiyan 10.20
5 Satya Bharti school program 28.65
6 Others
4.16
Total 44
 Bharti Airtel CSR Projects (in Cr)
0.2 0.1 0.69

Anubandh
10.2 Girl education
Employment enhancing vocation
skills
Satya Bharti Abhiyan
Satya Bharti school program
Others

28.65

2016-2017

Companies Prescribed Actual CSR % unspent % spent

CSR(in cr) spent(in cr)
ICICI Bank 200 182
TCS 446 380
Axis Bank 196 135
Bharti Airtel 208 6
Lupin Limited 66 20
 500
446
450

400 380

350

300

250 PRESCRIBED CSR

200 208 ACTUAL CSR
196
200 182

150 135

100
66
50
20
6
0
ICICI Bank TCS Axis Bank Bharti Aitel Lupin Limited

VARIOUS CSR PROJECTS:

 TCS:
S.No Category Rs. Crore
1 Education and skill building 90.6
2 Health and wellness 88.3
3 Restoration of heritage site 0.2
4 Environmental sustainability 0.6
5 Contribution to TCS foundation 200
Total 380
 TCS CSR Projects(In Cr)

90.6

Education and skill building

Health and wellness
Restoration of heritage site
Environmental sustainability
200
Contribution to TCS foundation

88.3

0.6 0.2

 ICICI Bank:
S.No Category Rs.Crore
1 Educational activities 50.23
2 Rural development activities 130.30
3 Healthcare activities and Swachh Bharat 1.80
Abhiyan
Total 182

ICICI Bank CSR Projects(n Cr)

1.8

50.23
Educational activities
Rural development activities
Healthcare activities and Swachh
Bharat Abhiyan

130.3
  Axis Bank:
S.No Category Rs.Crore
1 Admin expense 2.16
2 Environmental sustainability 18.49
3 Education and skill building 5.23
4 MSME Sector building program 3.98
5 Financial literacy & inclusion and publc 23.30
awareness program
6 Contribution to Axis Bank Foundation 82.24
Total 135

Axis Bank CSR Projects(In Cr)

2.16

18.49
Admin expense
Environmental sustainability
5.23 Education and skill building
3.98 MSME Sector building program
Financial literacy & inclusion and
publc awareness program
Contribution to Axis Bank
Foundation
82.24 23.3

 Bharti Airtel :
S.No Category Rs.Crore
1 Restoration of heritage site 0.50
2 Old age home 0.30
3 Nyaya Bharti Intiatives 1.15
4 Education and skill building 0.23
5 Livelihood enhancement 1.32
6 Employment enhancement vocational skills 0.91
7 Others 1.17
Total 5.58
 Bharti Airtel CSR Projects (In Cr)
0.5
1.17 0.3 Restoration of heritage site
Old age home
Nyaya Bharti Intiatives
Education and skill building
Livelihood enhancement
1.15 Employment enhancement
vocational skills
0.91 Others

0.23
1.32

 Lupin Limited:
S.N Category Rs.Crore
o
1 Education Programme 0.94
2 Rural support programme 15
3 Patient awareness camps 1.59
4 Tuberculosis eradication 1.12
5 Others 1.03
Total 19.68
 Lupin Limited CSR Projects (In Cr)
1.03 0.94
1.12

1.59 Education Programme

Rural support programme
Patient awareness camps
Tuberculosis eradication
Others

15

2017-2018

Companies Prescribed Actual CSR % unspent % spent

CSR(in cr) spent(in cr)
Bharti Airtel 215 25
REC 162 49
Hindusthan Zinc 190 93
TCC 497 400
Kotak Mahindra 74 26
Bank
 600

497
500

400
400

300 Precribed CSR

Actual CSR
215
200 190
162

93
100 74
49
25 26
0
Bharti Airtel REC Hinduthan Zinc TCS kotak Mahindra Bank

VARIOUS CSR PROJECTS:

 Bharti Airtel :
S.N Category Rs.Crore
o
1 Contribution for social development 3.26
2 Employment enhancement vocational skills 1.16
3 Scholarship & skill development program-- 1.40
4 Setting up old age homes 0.55
5 Education promotion 0.20
6 Crop science research and development program 1.17
7 Nyaya Bharti Intiatives 0.50
8 Satya Bharti Abhiyan 1.08
9 Satya Bharti school program 17.98
Total 28
 Bharti Airtel CSR Projectc(In Cr)
Contribution for social
3.26 development
Employment enhancement
1.16 vocational skills

1.4Scholarship & skill development

program--
0.55up old age homes
Setting
0.2
1.17
Education promotion
Crop science research and
0.5
1.08development program
17.98
Nyaya Bharti Intiatives
Satya Bharti Abhiyan
Satya Bharti school program

 Kotak Mahindra bank:

S.N Category Rs.Crore
o
1 Relief and rehabilitation 0.20
2 Health care 3.52
3 Supporting community programmes 0.02
4 Setting up old age homes 0.55
5 Education promotion 22.01
6 development program 0.62
Total 26
 Kotak Mahindra Bank CSR Projectc(In Cr)
0.62 0.2

3.52 Relief and rehabilitation

0.02
0.55
Health care

Supporting community
programmes

Setting up old age homes

Education promotion

22.01 development program

 REC Limited:
S.No Category Rs.Crore
1 Solar projects 6.46
2 Health care 12.33
3 Assistance for community based 13.05
interventions
4 Skill development 8.79
5 Education promotion 1.39
6 Establishing garment unit 3.71
7 Child safety 0.34
8 Social and economic development 2.93
Total 49
 REC Limited CSR Projects(In Cr)
0.34 2.93 Solar projects
6.46
3.71 Health care
1.39
Assistance for community based
interventions

Skill development
8.79 12.33
Education promotion

Establishing garment unit

Child safety

Social and economic

13.05 development

 Hindusthan Zinc Ltd:

S.No Category Rs.Crore
1 Health ,water and sanitation 16.52
2 Sustainable livelihood 11.99
3 Women empowerment 3.57
4 Infrastructure projects 7.89
5 Education 33.5
6 Sports and culture 13.15
7 Environment 1.48
8 Programme evaluation 0.33
9 Programme and admin 3.75
Total 92
 Hindusthan Zinc Ltd CSR Projects (in Cr)
1.48 0.33 3.75

16.52 Health ,water and sanitation

13.15 Sustainable livelihood
Women empowerment
Infrastructure projects
Education
11.99 Sports and culture
Environment
Programme evaluation
Programme and admin
3.57

33.5 7.89

 TCS:
S. No Category Rs. Crore
1 Education and skill building 86
2 Health and wellness 131
3 Environmental sustainability 1
4 Contribution to TCS foundation 172
5 Overheads 10
TOTAL 400

TCS CSR Projects (in Cr)

10

86

Education and skill building

Health and wellness
Environmental sustainability
172 Contribution to TCS foundation
Overheads

131