Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 176

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 176
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 risk arises primarily from their borrowing.

The
Group does not expect any significant effect on the Group’s profit or loss arising from the effects of reasonably possible changes
to interest rates on interest-bearing financial instruments at the end of the year.

As
at the end of the reporting year, if the interest rates had been 1 1 mately
SGD 27,000 16,000 her, arising mainly as a result of higher/lower interest expenses
on floating rate borrowing. The assumed movement in basis points for interest rate sensitivity analysis is based on the currently observable
market environment.

Foreign
currency risk

The
Group’s foreign exchange risk results mainly from cash flows from transactions denominated in foreign currencies. At present, the
Group does not have any formal policy for hedging against currency risk. The Group ensures that the net exposure is kept to an acceptable
level by buying or selling foreign currencies at spot rates, where necessary, to address short-term imbalances.

The
Group has transactional currency exposures arising from sales or purchases that are denominated in a currency other than the functional
currency of the entity, primarily United States Dollar (USD).

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  24.      Financial                    
           risk management (Continued)  
 ────────────────────────────────────────

Foreign
currency risk(Continued)

At
the end of each reporting year, the Group’s exposure to foreign currency risk is as follows:

Schedule of exposure to foreign
currency risk

                                                             April 30, 2024                   April 30, 2025                   April 30, 2025               
                                                             SGD                              SGD                              USD                          
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial assets                                                                                                                                          
  Financial assets at fair value through profit or loss                          439,817                          440,888                          337,742  
  Cash and cash equivalents                                                        8,861                            3,397                            2,602  
  Financial assets                                                               448,678                          444,285                          340,344  
  Financial liabilities                                                                                                                                     
  Borrowings                                                                     317,076                          347,400                          266,126  
  Financial liabilities                                                          317,076                          347,400                          266,126  
  Net exposure                                                                   131,602                           96,885