Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 176

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 176
---
:

                                                                          Carrying amount                                                       Fair value                                    
                                                                          December 31,                                                          December 31,                                  
                                                                          RM                                                                    RM                                            
  Assets                                                                                                                                                                                      
  Financial assets, at fair value through profit or loss                                       72,295              72,793      -                                  72,295              72,793  
  Financial assets, at fair value through other comprehensive income                           12,819,747      38,368,829      127,618,662                        12,819,747      38,368,829  
  Liabilities                                                                                                                                                                                 
  Warrant liabilities                                                                          -                1,964,335      148,887                            -                1,964,335  

Management has assessed that the fair
value of financial assets measured at fair value through other comprehensive income approximate to their carrying amounts largely
due to the independent valuation performed and valuation technique that take into account key inputs such as P/E multiples, long-term
growth rate and discount rate etc.

At each reporting date, management analyses
the movements in the values of financial instruments and determines the major inputs applied in the valuation.

The valuation procedures applied include
consideration of recent transactions in the same security or financial instrument, recent financing of the investee companies, economic
and market conditions, current and projected financial performance of the investee companies, and the investee companies’ management
team as well as potential future strategies to realize the investments.

Management believes that the estimated
fair values resulting from the valuation technique, which are recorded in the consolidated statements of financial position, and the related
changes in fair values, which are recorded in profit or loss and other comprehensive income, are reasonable, and that they were the most
appropriate values at the end of the reporting periods.

F-54

Fair value hierarchy

The following tables illustrate the
fair value measurement hierarchy of the Company’s financial instruments:

Assets measured at fair value:

                                                                          Fair value measurement using                                                                                                     
                                                                          Quoted                                           Significant                     Significant                                     
                                                                          RM                                               RM                              RM                                              
  December 31, 2023                                                                                                                                                                                        
  Financial assets, at fair value through profit or loss                                                    -                               -                                72,793                72,793  
  Financial assets, at fair value through other comprehensive income                                        36                              -                                38,368,793        38,368,829  
  Financial liabilities, at fair value through profit or loss                                               -                               1,964,335                        -                  1,964,335