Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 223

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 223
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Fair value measurements that use inputs of different hierarchy levels are categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

Fair value of financial instruments carried at fair value

The following table shows an analysis of each class of assets measured at fair value at the reporting date:

|                                      |     | Fair value measurement at the reporting date using |                                                           |     |                                                       |     |                     |     |         |     |         |
|                                      |     |                                                    | Quoted prices in active markets for identical instruments |     | Significant observant inputs other than quoted prices |     |         Significant 
 unobservable inputs |     |         |     |         |
|                                      |     |                                                    | -Level 1                                                  |     | -Level 2                                              |     |            -Level 3 |     |   Total |     |   Total |
|                                      |     |                                                    | SGD                                                       |     | SGD                                                   |     |                 SGD |     |     SGD |     |     USD |
| April 30, 2024                       |     |                                                    |                                                           |     |                                                       |     |                     |     |         |     |         |
| Financial assets:                    |     |                                                    |                                                           |     |                                                       |     |                     |     |         |     |         |
| At fair value through profit or loss |     |                                                    | -                                                         |     | -                                                     |     |             439,817 |     | 439,817 |     | 322,541 |
| April 30, 2023                       |     |                                                    |                                                           |     |                                                       |     |                     |     |         |     |         |
| Financial assets:                    |     |                                                    |                                                           |     |                                                       |     |                     |     |         |     |         |
| At fair value through profit or loss |     |                                                    | -                                                         |     | -                                                     |     |             172,412 |     | 172,412 |     | 126,439 |

The Group has no financial instruments under Level 1 and Level 2 in both financial years. The fair value of the keyman life insurance included unobservable inputs that are not developed by the Group. The fair value of the financial instruments is determined using the annual statement of value of the insurance policy provided by insurer without adjustment. There have no changes in the valuation techniques during the financial year.

Assets and liabilities not measured at fair value

The carrying amount