Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 178

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 178
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                         RM                                                                                             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  2023                                                                                                                  
  Bank borrowings                         443,174      -            ( 120,575      13,954      ( 13,954        322,599  
  Lease liabilities                       744,959      886,093      ( 375,712      30,288      ( 30,288      1,255,340  
  Other borrowings                        649,699      -             ( 49,699      46,562      ( 46,562        600,000  
                                        1,837,832      886,093      ( 545,986      90,804      ( 90,804      2,177,939  

  34      EARNINGS PER SHARE  
 ──────────────────────────────

On November 5, 2024, the Company effected49-for-1 reverse share splitof its issued and outstanding ordinary shares. And subsequently on April 3, 2025, the Company effected another
20-for-1 reverse share split exercise. The reverse share split did not affect the total amount of shareholders’ equity.

In accordance with IAS 33, the weighted
average number of outstanding shares used in the calculation of basic and diluted earnings per share for all prior periods presented has
been retroactively adjusted to reflect both reverse share split excerises. This adjustment ensures comparability across all reporting
periods.

The following table presents the impact
of the reverse share splits on earnings per share:

  Year ended                                                                                                              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Earnings per share – basic and diluted*                                                                                 
  December 31, 2022 (RM)                                                                                0.59      614.70  
  December 31, 2023 (RM)                                                                                0.97      919.14  
  Weighted average number of ordinary shares used in computing earnings – basic and diluted*                              
  December 31, 2022 (Number of ordinary shares)                                                   34,412,259      35,115  
  December 31, 2023 (Number of ordinary shares)                                                   36,802,804      38,804  

  35      SUBSEQUENT EVENTS  
 ─────────────────────────────

The Company evaluated all events and