Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 196

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 196
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 results of entities are presented as if the internal reorganization occurred from the beginning   
 of the earliest period presented in the financial statements;                                     |
| ● | The                                                                                               
 Group will consolidate the assets and liabilities of the acquired entities at the pre-combination 
 carrying amounts. No adjustments are made to reflect fair values, or recognize any new assets     
 or liabilities, at the date of the internal reorganization that would otherwise be done under     
 the acquisition method; and                                                                       |
| ● | No                                                                                                
 new goodwill is recognized as a result of the internal reorganization. The only goodwill          
 that is recognized is the existing goodwill relating to the combining entities. Any difference    
 between the consideration paid/transferred and the equity acquired is reflected within equity     
 as merger reserve.                                                                                |

Acquisition

The acquisition method of accounting is used to account for business combinations entered by the Group.

The consideration transferred for the acquisition of a subsidiary or business comprises the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration transferred also includes any contingent consideration arrangement and any pre-existing equity interest in the subsidiary measured at their fair values at the acquisition date.

Acquisition-related costs are expensed as incurred.

Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. The excess of (a) the consideration transferred over the (b) fair value of the identifiable net assets acquired is recorded as goodwill, if any.

Disposals

When a change in the Group’s ownership interest in a subsidiary result in a loss of control over the subsidiary, the assets and liabilities of the subsidiary including any goodwill are derecognized. Amounts previously recognized in other comprehensive income in respect of that entity are also reclassified to profit or loss or transferred directly to retained earnings if required by a specific standard.

Any retained equity interest in the entity is remeasured at fair value. The difference between the carrying amount of the retained interest at the date when control is lost and its fair value is recognized in profit or loss.

Transactions with non-controlling interests

Changes in the Group’s ownership interest in a subsidiary that do not result in a loss of control over the subsidiary are accounted for as transactions with equity owners of the Company. Any difference between the change in the carrying amounts of the non-controlling interest and the fair value of the consideration paid or received is recognized within equity attributable to the equity holders of the Company.

| F-12 |

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