Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 160

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 160
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46,203       655,059       501,807  
  Depreciation                     ( 19,854            ( 18,432      ( 38,286      ( 29,329  
  At April 30, 2024                 589,002              27,771       616,773       472,478  
  Balance                           589,002              27,771       616,773       472,478  
  Depreciation                     ( 19,854            ( 10,237      ( 30,091      ( 23,051  
  Disposal                                -             ( 1,369       ( 1,369       ( 1,049  
  At April 30, 2025                 569,148              16,165       585,313       448,378  
  Balance                           569,148              16,165       585,313       448,378  

  (b)      Lease        

The
carrying amounts of lease liabilities as of April 30, 2024 and 2025 are SGD 528,585 509,455

At
the end of the financial year, the Group’s leasehold property loan is secured by mortgage over the Group’s leasehold property
(Note 4).

Details
of the lease liabilities are as follows:

Schedule
of lease liabilities

  Type                Principal amount      Maturities       Interest rate                                                   Current      Non-current      Total      Total  
  April 30, 2024                                                                                                                                                             
                                                                                                                             SGD          SGD              SGD        USD    
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Property loan       SGD 612,000           August 2044      At the bank’s prevailing CPL Board Rate with monthly rests                                                      

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  12.      Borrowings (Continued)  
 ───────────────────────────────────

Lease
liabilities

  (b)      Lease                    

Details
of the lease liabilities are as follows: (Continued)

  Type                Principal amount      Maturities       Interest rate                                                   Current      Non-current      Total      Total  
  April 30, 2025                                                                                                                                                             
                                                                                                                             SGD          SGD              SGD        USD    
 ─────────────────────────────────────────────────