Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 73

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 73
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 inputs to the fair value measurements are
observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;  

  Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and  

  Level 3 inputs are unobservable inputs for the asset or liability.  

Critical Accounting Judgements and Key Sources
of Estimation Uncertainty

In the application of the Group’s accounting
policies, management is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors
that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed
on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the
revision affects only that period, or in the period of the revision and future periods.

Critical judgements in applying the Group’s
accounting policies

There are no critical judgements, apart from those
involving estimation (see below) that the management has made in the process of applying the Group’s accounting policy and that
has the most significant effect on the amounts recognised in the financial statements.

Fair value measurement of unquoted shares

In determining the fair value of the unquoted
shares, the Company relies on the net asset values of the investee companies or independent valuation report.

The availability of observable inputs can vary
from investment to investment. For certain investments classified under Level 3 of the fair value hierarchy, the valuation could be based
on models or inputs that are less observable or unobservable in the market and the determination of the fair values require significant
judgement. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to occurrence of future
events which could not be reasonably determined as at the balance sheet date.

Provision for allowance for ECL for trade
receivables, other receivables and loan receivables

The Company uses a provision matrix to calculate
ECLs for trade receivables, other receivables and loan receivables. The provision rates are based on days past due for groupings of various
customer segments that have similar