Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 156

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 156
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                                                                                    December 31,      December 31,                  
  Not past due                                                                        35,253,705        73,517,552      16,445,408  
  Past due (i)                                                                         1,595,056         2,300,290         514,560  
                                                                                      36,848,761        75,817,842      16,959,968  
  Less: Provision for allowance for expected credit losses on loan receivables         ( 272,225         ( 510,281       ( 114,147  
                                                                                      36,576,536        75,307,561      16,845,821  

A majority of the Company’s loan
receivables that are neither past due nor impaired are with creditworthy counterparties with good track record of credit history.

F-35

  (i)      Aging of loan receivables that are past due the average credit period:  

                            RM                          RM               
 ─────────────────────────────────────────────────────────────────────────
                            December 31,      December 31,               
  < 30 days                 1,482,120              208,557       46,653  
  31 days to 60 days        103,416                974,151      217,911  
  61 days to 210 days       9,520                  990,446      221,556  
  211 days to 240 days      -                      127,136       28,440  
  241 days to < 1 year      -                            -            -  
  Total (ii)                1,595,056            2,300,290      514,560  

  (ii)      These                                                                                                                                      

In determining the recoverability of loan receivables, the Company
considers any changes in the credit quality of the loan receivables from the date credit was initially granted up to the reporting date.
There was no significant change in credit quality for the Company’s loan receivables balances which are past due and partially impaired.

The allowance for ECL in loan receivables has been determined
by taking into consideration recovery prospects and past doubtful experience.

As part of the Company ’s credit
risk management, the Company assesses the impairment for its customers based on different group of customers which share common risk characteristics
that are representative of the customers’ abilities to pay all amounts due in