Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 154

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 154
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 past due nor impaired are with creditworthy counterparties with good track record of credit history.

  (i)      Aging of receivables that are past due the average credit period:  

                                      RM                RM                 
 ───────────────────────────────────────────────────────────────────────────
                            December 31,      December 31,                 
  < 30 days                      790,489         3,687,161        824,795  
  31 days to 60 days               4,240           454,020        101,561  
  61 days to 210 days          5,015,219         6,244,299      1,396,810  
  211 days to 240 days                 -         3,540,879        792,072  
  241 days to < 1 year         2,037,796         4,194,585        938,302  
  Total (ii)                   7,847,744        18,120,944      4,053,540  

  (ii)      These amounts are stated                                                                                                

In determining the recoverability of
trade and other receivables, the Company considers any changes in the credit quality of the trade receivables from the date credit was
initially granted up to the reporting date. There was no significant change in credit quality for the Company’s trade and other
receivables balances which are past due and partially impaired.

The allowance for ECL has been determined
by taking into consideration recovery prospects and past doubtful experience.

As part of the Company’s credit
risk management, the Company assesses the impairment for its customers based on different group of customers which share common risk characteristics
that are representative of the customers’ abilities to pay all amounts due in accordance with the contractual terms.

Allowance for ECL on trade and other receivables has been measured
at an amount equal to lifetime ECL. The ECL on trade and loan receivables are estimated using a provision matrix by reference to past
default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific
to the debtors, general economic conditions of the industry in which the debtors operate.

As of December 31, 2024, the provision matrix applies the following
ECL rates to trade receivables, based on the age of the receivables ranged from3.71% to13.03%