217 | Annual Report | 2023-2024 Particulars Year ended 31 March 2024 Year ended 31 March 2023 (a) Gross amount required to be spent during the year - 21.83 (b) Amount of expenditure incurred during the year - 21.83 (c) Shortfall at the end of the year - - (d) Total of previous years shortfall - - (e) Reason for shortfall - - (f) Nature of CSR activities (*) - - (g) Details of related party transactions - 7.16 (h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year shall be shown separately At the beginning of the year 5.93 9.88 Fresh provision made during the year - 1.50 Payment made during the year 5.78 5.45 At the closing of the year 0.15 5.93 (*) CSR activities includes environmental and social initiatives. In environmental initiatives there are certain projects like disaster relief, safe drinking water & sanitisation and water conservation whereas social initiatives includes activities as women empowerment & education, livelihood trainings, menstrual hygiene and health and well being. Note 58: Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (CODM) of the Company. The CODM is responsible for allocating resources and assessing performance of the operating segments of the Company. The Company is in a single business segment (primary segment) of providing financial services to customers in India. Further, the Company is operating in India which is considered as a single geographical segment. Note 59: Lease related disclosures (a) Company as a lessee In the Statement of Profit and Loss for the current and previous year, operating lease expenses which were recognised as rental expenses is now recognised as depreciation expense for the right-of-use asset and finance cost for interest accrued on lease liability. De-recognition of rental expenses and recognition of depreciation and finance cost have positively impacted EBIDTA by ` 261.49 lakhs (March 31, 2023 : `216.85 lakhs) and negatively impacted the PBT by `13.19 lakhs (March 31, 2023 : `11.82 lakhs). Note 57: Disclosure in respect of Corporate Social Responsibility under section 135 of the Act and Rules thereon A CSR committee has been formed by the Company as prescribed under section 135 as per Company Act 2013. Corporate social responsibility (CSR) expense is nil during the financial year as the average net profit over the preceding three years was inadequate. Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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