Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 71

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 71
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  Net cash generated/(used in) financing activities                                                        13,601,614       2,963,766                 1,088,571  
  Net increase in cash and cash equivalents                                                                   641,284         139,735                   873,048  
  Cash and cash equivalents at the beginning of year                                                        3,995,995         870,720                 3,122,947  
  Cash and cash equivalents at the end of year                                                              4,637,279       1,010,455                 3,995,995  

Net cash generated from operating activities in
2023 was RM5.3 million (USD1.1 million), which consists of our profit before tax of RM32.6 million (USD7.1 million) as adjusted for non-cash
items and the effects of changes in operating assets and liabilities. Adjustments for non-cash primarily included impairment allowance
on trade and loan receivables at RM1 million (USD224k), bad debt written off at RM814k (USD177k), depreciation of property, plant and
equipment, and depreciation of right-of-use asset at RM743k (USD162k). The principal items accounting for the changes in operating assets
and liabilities were (i) RM 51.2 million (USD11.1 million) of increase in trade and other receivables and (ii) RM17.5 million (USD3.9
million) of increase in trade and other payables.

Investing activities

Net cash used in investing activities in 2023
was RM18.3 million (USD4 million), which was attributable to our investment in GlobexUS Holdings Corp., YY Group Holding Limited and Sagtec
Global Limited. Additionally, we have also acquired a total of RM2.0 million (USD433k) in property and equipment.

Financing activities

Net cash generated from financing activities
in 2023 was RM13.6 million (USD3.0 million), which was due to advances to related parties at RM2.3 million (USD0.5 million),
dividend paid at RM0.5 million (USD104k), repayment of finance lease liabilities at RM375k (USD82k) and proceeds from issuance
of shares at RM17.5 million (USD3.8 million).

Our principal sources of liquidity to finance
our operating and investing activities have been net cash provided by financing activities. As of December 31, 202