Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 175

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 175
---
                            92,969,863                        385,893,045               86,321,816  
  Debt-to-equity %                             24.59                               6.02                     6.02  

The Company is not subject to externally imposed capital requirements
for the financial years ended December 31, 2023 and 2024.

The Company’s overall strategy remains unchanged from prior years.

  (e)      Concentrations  

Financial instruments that potentially
expose the Company to concentrations of credit risk consist primarily of accounts receivables. The Company conducts credit evaluations
of their customers, and generally does not require collateral or other security from them. The Company evaluates their collection experience
and long outstanding balances to determine the need for an allowance for doubtful accounts. The Company conducts periodic reviews of the
financial condition and payment practices of their customers to minimize collection risk on accounts receivable.

The following table sets forth a summary of single customers who represent10% or more of the Company’s total revenue:

                                        December 31,                      December 31,                      December 31,                  
                                        2022                              2023                              2024                          
                                        RM                                RM                                RM                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Amount of the Company’s revenue:                                                                                                        
  Customer A                                              19,139,493                        22,178,443                        NA      NA  
  Customer B                                              9,462,273                                 NA                        NA      NA  
  Customer C                                              NA                                30,728,922                        NA      NA  
  Customer D                                              NA                                 7,572,345                        NA      NA  

F-53

The following table sets forth a summary of single customers who represent10% or more of the Company’s total trade receivable:

                                                 RM                               RM                        US$          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                 December 31,                     December 31,                           
  Amount of the Company’s trade receivable:                                                                              
  Customer A                                                       2,326,144                        NA               NA  

  Revenue                                                                                           

  32      FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS  
 ────────────────────────────────────────────────────────────────────────

The carrying amounts and fair values of the Company’s financial
instruments, other than those with carrying amounts that reasonably approximate to fair value, are as follows