Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 227

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 227
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 | (1,516,593 | ) |
| At April 30, 2024      |     |    138,214 |     |  1,955,561 |   |     |    37,488 |     |  2,131,263 |   |

|                                    |     |    April 
 30, 2023 |     |    April 
 30, 2024 |     |    April 
 30, 2024 |
|:-----------------------------------|:----|---------:|:----|---------:|:----|---------:|
|                                    |     |      SGD |     |      SGD |     |      USD |
| Deferred tax assets not recognized |     |  620,136 |     |  362,315 |     |  269,700 |

Deferred tax assets have not been recognized in respect of the capital allowances, unutilized tax losses and donations because it is not probable that future taxable profit will be available against which theGroup can utilized the benefits due to unpredictability of future profit streams. There is no expiry date for the capital allowance and unutilized tax losses.

During the financial year ended April 30, 2024, the subsidiaries are eligible to utilize the tax losses as the subsidiaries satisfied the shareholding test under the Singapore Income Tax Act 1947.

After the financial year ended April 30, 2024, as there is substantial changes in the shareholders of the subsidiaries as a result of reorganization, the subsidiaries are subject to approval of waiver of substantial change in the shareholding test under the Singapore Income Tax Act 1947 to continue utilizing the capital allowances, tax losses, and donations in future years.

| F-34 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 21. | Significant                             
 related party transactions and balances |

In addition to the related party information disclosed elsewhere in the financial statements, the following were significant related party transactions at rates and terms agreed between the Group and the related parties during the year:

Transaction with related parties

|                                                         |     |    April 
 30, 2023 |   |     |      April 
   30, 2024 |   |     |      April 
   30, 2024 |   |
|:--------------------------------------------------------|:----|---------:|:--|:----|-----------:|: