Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 72

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 72
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3, we had RM 4.6 million
(USD 1.0 million) in cash and cash equivalents, out of which RM3.2 million (USD 706k) was held in Ringgit Malaysia and the rest was held
in other currencies. Our cash and cash equivalents primarily consist of cash on hand, general bank balances and cash in share trading
accounts.

Off-Balance Sheet Arrangements

We did not have any off-balance sheet arrangements
as of December 31, 2024, 2023, and 2022.

C. Research and Development, Patents and Licenses,
etc.

See “ Item 4. Information on the Company - B.
Business Overview - Intellectual Property.”

D. Trend Information

Other than as disclosed elsewhere in this annual
report, we are not aware of any trends, uncertainties, demands, commitments, or events that are reasonably likely to have a material effect
on our net revenue, income from continuing operations, profitability, liquidity, or capital resources, or that would cause reported financial
information not necessarily to be indicative of future operating results or financial condition.

Factors and Trends Affecting Our Results of
Operations

We believe the following key factors may affect
our financial condition and results of operations:

E. Critical Accounting Estimates

Our discussion and analysis of our financial condition
and results of operations are based upon our consolidated financial statements. These consolidated financial statements have been prepared
in accordance with the historical cost basis, except as disclosed in the accounting policies below, and are drawn up in accordance with
the provisions of the International Financial Reporting Standards (“ IFRS”) as issued by the International Accounting Standards
Board (“ IASB”).

Historical cost is generally based on the fair
value of the consideration given in exchange for goods and services.

Fair value is the price that would be received
to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless
of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset
or a liability, the Company takes into account the characteristics of the asset or liability which market participants would take into
account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these financial
statements is determined on such a basis.

In addition, for financial reporting purposes,
fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the