Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 69

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 69
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 decreased by 16% from 91% in 2022 to 75% in 2023.  
 ───────────────────────────────────────────────────────────────────────────────────────

  The operating expenses were decreased by MYR638,916 (USD149,386), or approximately                                                     

B. Liquidity and Capital Resources

Cash Flows for the Fiscal Year Ended December
31, 2024 Compared to the Fiscal Year Ended December 31, 2023

The following table sets forth a summary of our
cash flow for the year ended 31 December 2024 and 2023

                                                          For the fiscal year ended December 31,                                                                
                                                          2024                                                                           2023                   
  Summary Consolidated Cash Flow Data                     MYR                                                                            MYR                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash generated from operating activities                                                          99,598,304       22,279,507                  5,283,329  
  Net cash used in investing activities                                                               (217,459,835      (48,644,380                (18,243,659  
  Net cash generated from financing activities                                                         154,356,691       34,528,608                 13,601,614  
  Net increase in cash and cash equivalents                                                             31,576,979        7,063,569                    641,284  
  Cash and cash equivalents at the beginning of year                                                     4,637,279        1,037,330                  3,995,995  
  Cash and cash equivalents at the end of year                                                          36,214,258        8,100,899                  4,637,279  

Net cash generated used in operating activities in 2024 was RM99.6
million (USD22.3 million), which consists of our profit before tax of RM34.4 million (USD7.7 million) as adjusted for non-cash items and
the effects of changes in operating assets and liabilities. Adjustments for non-cash primarily included professional fees paid by shares
amounting to RM13million (USD 2.9 million), provision of allowance for expected credit losses at RM 4.1 million (USD919 thousand) and
RM8.5million (USD 1.9million) of share-based compensation awards paid to our directors and senior managements. The principal items accounting
for the changes in