Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 132

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 132
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 is attributable to the interests that
are not owned directly or indirectly by the equity holders of the Company. They are shown separately in the consolidated statements of
comprehensive income, statements of changes in equity, and statements of financial position. Total comprehensive income is attributed
to the non-controlling interests based on their respective interests in a subsidiary, even if this results in the non-controlling interests
having a deficit balance.

Acquisition of entities under an internal
reorganization scheme does not result in any change in economic substance. Accordingly, the consolidated financial statements of the Company
are a continuation of the acquired entities and is accounted for as follows:

  (i)      The results of entities are presented as if the internal reorganization occurred from the beginning of the earliest period presented in the financial statements;  

  (ii)      The Company                                                                                                                             

  (iii)      No new goodwill is recognized as a result of the internal reorganization. The only goodwill that is recognized is the existing goodwill relating to the combining entities. Any difference betwee...  

F-12

  (b)      Acquisitions  

The acquisition method of accounting is
used to account for business combinations entered into by the Company.

The consideration transferred for the
acquisition of a subsidiary corporation or business comprises the fair value of the assets transferred, the liabilities incurred, and
the equity interests issued by the Company. The consideration transferred also includes any contingent consideration arrangement and any
pre-existing equity interest in the subsidiary measured at their fair values at the acquisition date.

Acquisition-related costs are expensed
as incurred.

Identifiable assets acquired and liabilities
and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at
the acquisition date.

On an acquisition-by-acquisition basis,
the Company recognizes any non-controlling interest in the acquiree at the date of acquisition either at fair value or at the non-controlling
interest’s proportionate share of the acquiree’s identifiable net assets.

The excess of (a) the consideration transferred,
the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the
acquiree over the (b) fair value of the identifiable net assets acquired is recorded as goodwill.

  (c)      Disposals  

When a change in the Company’s ownership
interest in a subsidiary corporation result in a loss of control over the subsidiary corporation, the assets and liabilities of the subsidiary
corporation including any goodwill are derec