Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 138

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 138
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. All receivables are subsequently stated at
amortised cost, using the effective interest method and including provision for expected credit losses.

IMPAIRMENT OF NON-FINANCIAL ASSETS

Property and equipment, right-of-use assets and intangible
assets are tested for impairment whenever there is any objective evidence or indication that these assets may be impaired.

For the purpose of impairment testing,
the recoverable amount (i. e., the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset
basis unless the asset does not generate cash inflows that are largely independent of those from other assets. If this is the case, the
recoverable amount is determined for the Cash Generating units (“ CGU”) to which the asset belongs.

If the recoverable amount of the asset
(or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount.
The difference between the carrying amount and recoverable amount is recognized as an impairment loss in profit or loss.

An impairment loss for an asset is reversed
if, and only if, there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment
loss was recognized. The carrying amount of this asset is increased to its revised recoverable amount, provided that this amount does
not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment
loss been recognized for the asset in prior years.

A reversal of impairment loss for an
asset other than goodwill is recognized in profit or loss.

F-17

TRADE AND OTHER PAYABLES

Trade and other payables represent liabilities
for goods and services provided to the Company prior to the end of financial year which are unpaid. They are classified as current liabilities
if payment is due within one year or less (or in the normal operating cycle of the business if longer). Otherwise, they are presented
as non-current liabilities.

Trade and other payables are initially
recognized at fair value, and subsequently carried at amortized cost using the effective interest method.

BANK AND OTHER BORROWINGS

Borrowings are presented as current
liabilities unless the Company has an unconditional right to defer settlement for at least 12 months after the balance sheet date, in
which case they are presented as non-current liabilities.

  (a)      Borrowings are initially recognized at fair value (net of transaction