Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 208

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 208
---
 - |   |     |    10,258 |   |     |                  9,909 |   |     |   27,771 |     |         - |     |   673,135 |   |     | 493,645 |   |

Leasehold property with carrying amount of SGD589,002 (2023: SGD608,856) is mortgaged to secure bank borrowings (Note 11).

Right-of-use assets acquired under leasing arrangements are presented together with the owned assets of the same class. Details of such leased assets are disclosed in Note 11.

| F-23 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 5. | Financial                                   
 assets at fair value through profit or loss |

|                                                     |     |    April 
 30, 2023 |   |     |    April 
 30, 2024 |   |     |    April 
 30, 2024 |   |
|:----------------------------------------------------|:----|---------:|:--|:----|---------:|:--|:----|---------:|:--|
|                                                     |     |      SGD |   |     |      SGD |   |     |      USD |   |
| Keyman life insurance policy, at fair value         |     |          |   |     |          |   |     |          |   |
| At beginning of year                                |     |  173,531 |   |     |  172,412 |   |     |  126,439 |   |
| Addition                                            |     |        - |   |     |  322,220 |   |     |  235,617 |   |
| Insurance premium charged to profit or loss         |     |        - |   |     |  (64,412 | ) |     |  (47,237 | ) |
| Increase in fair value through other profit or loss |     |    5,247 |   |     |    7,280 |   |     |    5,339 |   |
| Foreign exchange adjustment                         |     |   (6,366 | ) |     |    2,317 |   |     |    2,383 |   |
| At end of year                                      |     |  172,412 |   |     |