Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 134

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 134
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 FVOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognised by an acquirer
in a business combination.

Investments in equity instruments as FVOCI
are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising
from changes in fair value recognised in other comprehensive income (“ OCI”) and accumulated in the retained earnings. The
cumulative gain or loss will not be reclassified to profit or loss on disposal of the equity investments and will be transferred to retained
earnings.

The Company reclassifies debt instruments
when and only when its business model for managing those assets changes.

At subsequent measurement -
Debt instrument

Debt instruments mainly comprise of cash
and cash equivalents and other receivables (excluding prepayments).

Debt instruments that are held for collection
of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A
gain or loss on a debt instrument that is subsequently measured at amortized cost and is not part of a hedging relationship is recognized
in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is included in interest income
using the effective interest rate method.

F-14

  (b)      Recognition and derecognition  

Regular way purchases and sales of financial
assets are recognized on trade date - the date on which the Company commits to purchase or sell the asset.

Financial assets are derecognized when
the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially
all risks and rewards of ownership.

On disposal of a debt instrument, the
difference between the carrying amount and the sale proceeds is recognized in profit or loss.

FINANCIAL LIABILITIES AND EQUITY INSTRUMENTS

Classification as debt or equity

Debt and equity instruments issued by
the Company are classified as either financial liabilities or as equity in accordance with substance of the contractual arrangements and
the definitions of financial liability and equity instrument.

Equity instruments

An equity instrument is any contract
that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company
are recognised at the proceeds received, net of direct issue costs.

Financial liabilities

Except for derivative financial instruments
which are stated at fair value through profit or loss, all other financial liabilities are subsequently measured at amortised cost using