In reference to Annexure-II of the Companies (CSR Policy) Rules, 2014 i.e. Format for the Annual Report on CSR Activities, explain how the excess amount be set off, (if any) would be presented.

In reference to Annexure -II of the Companies (CSR Policy) Rules, 2014 i.e. Format For The Annual Report on CSR Activities to be Included in the Board's Report For Financial Year Commencing on or After 1 st Day of April, 2020, Excess amount for set off, (if any) would be presented in the manner as prescribed as under: Sl. No. Particulars Amount (in ₹s.) (i) Two percent of average net profit of the company as per section 135(5) (ii) Total amount spent for the Financial Year (iii) Excess amount spent for the financial year [(a&)-(1)] (iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any (v) Amount available for set off in succeeding financial years [(iii)-(iv)]