Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 55

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 55
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 2023 to MYR4,109,508 (USD919,270) in fiscal year 2024                                                                       
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  (10)      Impairment allowance on loan receivables decreased by MYR34,169 (USD6,065)                                                               
            or approximately 12.55%, from MYR272,225 (USD59,317) in fiscal year 2023 to MYR238,056 (USD53,252) in fiscal year 2024.                  
  (11)      Rental expenses increased by MYR217,327 (USD49,960) or approximately                                                                     
            93.64%, from MYR232,081 (USD50,570) in fiscal year 2023 to MYR449,408 (USD100,530) in fiscal year 2024 due to the additional new office  
            in fiscal year 2024 to accommodate the increasing employees.                                                                             
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  (12)      Legal and professional fees were MYR11,660,849 (USD2,608,458) in fiscal year 2024, representing a significant increase of MYR5,296,527 (USD1,221,684) compared to MYR6,364,322 (USD1,386,774) in ...  
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  (13)      Finance costs increased by MYR497,112 (USD111,737), from MYR92,587 (USD20,175) in fiscal year 2023 to MYR589,699 (USD131,912) in fiscal year 2024, primarily due to the senior secured convertibl...  
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  (14)      Other operating expenses primarily consist of marketing expenses, staff                                                                            
            welfare, office expenses, travel expenses and secretarial fees. Other operating expenses increased by MYR9,975,738 (USD2,286,711), from            
            MYR9,524,946 (USD2,075,468) in fiscal year 2023 to MYR19,