Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 77

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 77
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     |                                 |   996,128 |   |     |      |   609,817 |   |
| Net cash used in investing activities                  |     |                                 |   (15,548 | ) |     |      |  (123,558 | ) |
| Net cash used in financing activities                  |     |                                 |  (543,533 | ) |     |      |  (231,080 | ) |
| Increase in cash and cash equivalents                  |     |                                 |   437,047 |   |     |      |   255,179 |   |
| Cash and cash equivalents at the beginning of the year |     |                                 | 1,176,235 |   |     |      | 1,613,282 |   |
| Cash and cash equivalents at the end of the year       |     |                                 | 1,613,282 |   |     |      | 1,868,461 |   |

Cash flows from operating activities

For the financial year ended April 30, 2023, our net cash provided by operating activities was S$996,128, which primarily consisted of our profit before income tax of S$821,266, as adjusted for non-cash items and non-operating items, changes in operating activities and cash used in operations. Adjustments for non-cash items and non-operating items consisted of (i) fair value gains on financial assets of S$5,247; (ii) unrealized foreign exchange losses of S$3,716; (iii) depreciation of property, plant and equipment of S$118,896; (iv) finance costs from bank borrowings and lease liabilities of S$47,363; (v) reversal of losses from onerous contracts of S$1,837,483; and (vi) allowance for expected credit losses for trade and other receivable and contract assets of S$172,821. Changes in operating assets and liabilities mainly included: (i) a decrease in contract assets of S$635,037; (ii) a decrease in trade and other receivables of S$700,616; (iii) an increase in trade and other payables of S$2,906,525, which were offset by a decrease in contract liabilities of S$2,567,382.

For the financial year ended April 30, 2024, our net cash provided by operating activities was S$609,817, which primarily consisted of our profit