Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 147

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 147
---
 by a person identified in (a).                                                                                         
  (vii)       A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).  
  (viii)      The entity, or any member                                                                                                                                             

EARNINGS PER SHARE

The Company presents basic and diluted
earnings per share data for its ordinary shares. Basic earnings per share are calculated by dividing the profit or loss attributable to
ordinary shareholders of the Company by the weighted-average number of ordinary shares outstanding during the year, adjusted for own shares
held, if any. Diluted earnings per share is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted-average
number of ordinary shares outstanding, adjusted for own shares held, if any, for the effects of all dilutive potential ordinary shares.

DIVIDENDS

Dividends to the Company’s shareholders
are recognized when the dividends are approved for payment.

SEGMENT REPORTING

Operating segments, and the amounts
of each segment item reported in the financial statements, are identified from the financial information provided regularly to the Company’s
most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Company’s various
lines of business and geographical locations.

Individually material operating segments
are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect
of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute
the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material
may be aggregated if they share a majority of these criteria.

F-25

   3      CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY  
 ────────────────────────────────────────────────────────────────────────────────────

In the application of the Company’s
accounting policies, which are described in Note 2 to the financial statements, management is required to make judgements, estimates and
assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

The estimates and underlying assumptions
are reviewed on an ongoing basis. Revisions to accounting estimates are