Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 79

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 79
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 ordinary shares
in a subsidiary and (iii) amount due to a director of S$472,113.

Trade
receivables

Our
net trade receivables were S$1,841,701 as of April 30, 2023, S$1,425,175 as of April 30, 2024 and S$946,877 as of April 30, 2025.
The decrease was primarily attributable to prompt settlement of trade receivables by our customers during the financial year ended
April 30, 2024 and 2025.

We
did not charge any interest on or hold any collateral as security over these trade receivables balances. We generally offer credit periods
of 35 days to our customers. We have not had and do not expect to have issues collecting payment from these longer ageing invoices.

Trade
receivables presented based on their past due status in terms of the provision matrix:

                                                                      Trade receivables, net  
                                                                      US$                     
  April 30, 2024                                                                              
 ──────────────────────────────────────────────────────────────────────────────────────────────
  Not past due               985,596         (949        984,647      722,093                 
  < 30 days                  411,649      (26,995        384,654      282,087                 
  31 days to 60 days          54,065       (7,899         46,166      33,856                  
  61 days to 90 days               -            -              -      -                       
  91 days to 120 days              -            -              -      -                       
  >120 days                   33,447      (23,739          9,708      7,119                   
                           1,484,757      (59,582      1,425,175      1,045,155               

                                                                  Trade receivables, net  
                                                                  US$                     
  April 30, 2025                                                                          
 ──────────────────────────────────────────────────────────────────────────────────────────
  Not past due             181,549       (2,421      179,128      137,220                 
  < 30 days                715,879      (10,902      704,977      540,047                 
  31 days to 60 days        36,483         (989       35,494      27,190