Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 248

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 248
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 the equity holders of the Company. They are shown separately in the consolidated statements of profit or loss and other comprehensive income, statements of changes in equity, and statements of financial position. Total comprehensive income is attributed to the non-controlling interests based on their respective interests in a subsidiary, even if this results in the non-controlling interests having a deficit balance.

Common control

Acquisition of entities under an internal reorganization scheme does not result in any change in economic substance. Accordingly, the consolidated financial statements of the Group are a continuation of the acquired entities and is accounted for as follows:

| ● | The                                                                                             
 results of entities are presented as if the internal reorganization occurred from the beginning 
 of the earliest period presented in the financial statements;                                   |

| ● | The                                                                                               
 Group will consolidate the assets and liabilities of the acquired entities at the pre-combination 
 carrying amounts. No adjustments are made to reflect fair values, or recognize any new assets     
 or liabilities, at the date of the internal reorganization that would otherwise be done under     
 the acquisition method; and                                                                       |

| ● | No                                                                                             
 new goodwill is recognized as a result of the internal reorganization. The only goodwill       
 that is recognized is the existing goodwill relating to the combining entities. Any difference 
 between the consideration paid/transferred and the equity acquired is reflected within equity  
 as merger reserve.                                                                             |

Acquisition

The acquisition method of accounting is used to account for business combinations entered by the Group.

The consideration transferred for the acquisition of a subsidiary or business comprises the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration transferred also includes any contingent consideration arrangement and any pre-existing equity interest in the subsidiary measured at their fair values at the acquisition date.

Acquisition-related costs are expensed as incurred.

Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. The excess of (a) the consideration transferred over the (b) fair value of the identifiable net assets acquired is recorded as goodwill, if any.

| F-55 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 2. | Material                                  
 accounting policy information (Continued) |

| 2.3 | Basis                        
 of consolidation (Continued) |

Disposals

When