Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 171

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 171
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 also transacts business in foreign currencies other than
its functional currencies, as further disclosed below, and is therefore exposed to foreign exchange risk.

The currency exposure of financial assets and financial liabilities
denominated in currencies other than the Company’s functional currency is as follows:

                            Assets                                                             Liabilities                                    
                            December 31,                     December 31,                      December 31,                     December 31,  
                            RM                               RM                                RM                               RM            
  Singapore Dollar                               15,101                        -                                 -                            
  United States Dollar                        7,123,179                        46,423,441                        1,416,836                    

F-50

Foreign currency sensitivity

The following table details the sensitivity
to a5% (2023: 5%) increase and decrease in the related foreign currencies against the functional currency (“ RM”) with all
the other variables held constant. 5% (2023: is the sensitivity rate used when reporting foreign currency risk internally to key management
personnel and represents management’s assessment of the possible change5%) in foreign exchange rates. The sensitivity
analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the period end for a
5
%
(2023:
5
%) change in foreign currency rates.

                            December 31,                   December 31,                 
                            RM                             RM                           
  Singapore Dollar                                755                        -          
  United States Dollar                        285,317                        2,277,676  

  (iii)      Interest rate risk management  

The Company is exposed to interest rate risk as the Company has interest-bearing
bank loans. The interest rates and terms of repayment of the loans are disclosed in Note 15. The Company currently does not have an interest
rate hedging policy.

Interest rate sensitivity analysis

The sensitivity analysis below has
been determined based on the exposure to interest rate for non-derivative instruments at the end of the reporting period. A
50 (2023: 50) basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents
management’s assessment of the reasonably possible change in interest rates.

If interest rates on loans had been 50 (2023: 50) basis points higher/lower
and all other variables were held constant, the Company’s profit for the year would decrease/increase by approximately RM 5,000(2023: RM1,700, 2022: RM 6,000).

  (iv)      Credit risk management