Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 54

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 54
---
.02               -           -         929,796      100.00  
  Employee benefits expenses                     30,449,669       6,811,397       33.42      24,770,668       42.02       5,679,001       22.93  
  Impairment allowance on trade receivables       4,109,508         919,270        4.51       1,571,162        2.67       2,538,346      161.56  
  Impairment allowance on loan receivables          238,056          53,252        0.26         272,225        0.30         (34,169      (12.55  
  Rental expenses                                   449,408         100,530        0.49         232,081        0.39         217,327       93.64  
  Legal and professional fees                    11,660,849       2,608,458       12.80       6,364,322       10.80       5,296,527       83.22  
  Finance cost                                      589,699         131,912        0.65          92,587        0.16         497,112      536.91  
  Other operating expenses                       19,500,684       4,362,179       21.40       9,524,946       16.16       9,975,738      104.73  
  Total operating costs                          91,112,288      20,381,239      100.00      58,954,953      100.00      32,157,335       54.55  

Our operating costs as a percentage to our total
revenue in the fiscal year 2024 were consistent with fiscal year 2023 which were 73.25% and 64.93% respectively. The operating costs increased
significantly by MYR32,157,335 (USD7,535,063), or approximately 54.55%, from MYR58,954,953 (USD12,846,176) in fiscal year 2023 to MYR91,112,288
(USD20,381,239) in fiscal year 2024. The increase was due to the following major