Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 140

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 140
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 allocates the consideration to each lease component on the basis of the relative stand-alone price
of the lease and non-lease component. The Company has elected to not separate lease and non-lease component for property leases and account
these as one single lease component.

Lease liability is measured at amortized
cost using the effective interest method. Lease liability shall be remeasured when:

  There is a change in future lease payments arising from changes in an index or rate;  
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  There is a change in the Company’s assessment        
  of whether it will exercise an extension option; or  
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  There is modification in the scope or the consideration of the lease that was not part of the original term.  

Lease liability is remeasured with a corresponding
adjustment to the right-of-use assets, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced
to zero.

  Short-term and low-value leases  

The Company has elected to not recognized
right-of-use assets and lease liabilities for short-term leases that have lease terms of 12 months or less and leases of low-value leases.
Lease payments relating to these leases are expensed to profit or loss on a straight-line basis over the lease term.

  Variable lease payments  

Variable lease payments that are not based
on an index or a rate are not included as part of the measurement and initial recognition of the lease liability. The Company shall recognize
those lease payments in profit or loss in the periods that triggered those lease payments.

F-19

EMPLOYEE BENEFITS

Employee benefits are recognized as
an expense, unless the cost qualifies to be capitalized as an asset.

  (a)      Defined contribution plans  

Defined contribution plans are post-employment
benefit plans under which the Company pays fixed contributions into separate entities such as the Employees Provident Fund on a mandatory,
contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid.

  (b)      Employee leave entitlement  

Employee entitlements to annual leave
are recognized when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services
rendered by employees up to the balance sheet date.

  (c)      Share-based compensation awards  

For share-based compensation awards, the
fair value of employee services received in exchange for the equity shares