Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 71

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 71
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Our
distribution costs remained relatively stable for the twelve months ended April 30, 2023 and 2024, respectively, representing
approximately 0.7% and 0.6% of our total revenue for the corresponding financial periods. Distribution cost decreased by S$48,317 or
approximately 35.3% from S$136,937 for the financial year ended April 30, 2024 to S$88,620 for the financial year ended April 30,
2025 due mainly to the decrease in donations and transport of staff to respective site.

Administrative
Expense

The
following table sets forth the breakdown of our administrative expenses for the twelve months ended April 30, 2023, 2024 and 2025:

                                             Financial Years Ended April 30                                                                 
                                                                       2023                                                                 
                                                                         S$                                                                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Administrative expenses                                                                                                                   
  Bad debts write-off                                                21,477        1.4         23,196        1.5              -          -  
  Bank charges                                                        2,541        0.2         32,495        2.1         39,003        1.8  
  Staff costs                                                       722,731       46.9        609,922       38.8      1,196,682       54.2  
  Director’s remuneration                                           303,832       19.7        215,468       13.7         59,680        2.7  
  Depreciation                                                      118,896        7.7        102,990        6.6         85,683        3.9  
  Insurance                                                          32,748        2.1        126,112        8.0         22,234        1.0  
  Professional fees                                                  52,897        3.4        101,608        6.5         64,223        2.9  
  Property maintenance and property tax                              18,002        1.2         14,878        0.9         14,546        0.7  
  Travelling                                                            827        0.0         37,389        2.4         11,808        0.5