Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 152

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 152
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                              RM                            RM                                        
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
                              December 31,                  December 31,                              
  Quoted/Unquoted shares                                                                              
  At beginning of year                          72,295                        72,793        16,283    
  Disposal                                      -                             ( 7,981       ( 1,785   
  Changes in fair value                         -                             ( 64,812      ( 14,498  
  Currency realignment                          498                           -             -         
  At end of year                                72,793                        -             -         

The Company held an equity investment
in Unique Fire Holding Berhad., with a carrying amount of RM7,981. During the year, the Company disposed the investment to a third party
for a cash consideration of RM 7,981.

The Company held an equity investment in Zero Carbon Farms Ltd., with
a carrying amount of RM64,812. During the year, Zero Carbon Farms Ltd. ceased business operation. As a result, the Company assessed the
fair value of investment and a full fair value loss of RM64,812was recognized in the profit or loss.

The above valuations are categorised
under Level 3 of the fair value hierarchy and are generally sensitive to the unobservable inputs. Any increase or decrease in transacted
price would result in an increase or decrease in the fair value of the unquoted investments.

Any significant movement in inputs would
result in a significant change to the fair value of the unquoted investment. There are no transfers between Levels 1 and 2 and into or
out of Level 3 during the year.

F-29

   6      PROPERTY AND EQUIPMENT  
 ──────────────────────────────────

                                                           Office                                                                             
                                                        equipment                                                                             
                                                               RM                                                                             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost                                                                                                                                        
  At January 1, 2023                                      185,085      260,803      1,323,962      127,650      -                  1,897,500  
  Additions                                               122,994      100,698        818,044      207,862      713,259            1,962,857  
  Written off                                             ( 3,470            -              -      ( 7,097      -                   ( 10,