Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 174

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 174
---
 -                                                       -  
  91 days to 120 days      -                                          -             -                                                       -  
  >120 days                33,447                                     ( 23,739      9,708                                               7,119  
                           4,906,878                                  ( 62,885      4,843,993                                       3,552,356  

Contract
assets that are not past due make up majority of the receivables.

Subsequent
to the financial year ended April 30, 2025:

  More                                                                                         
  Except                                                                                       

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

Credit
risk

Other
receivables

The
Group assessed the latest performance and financial position of the counterparties, adjusted for the future outlook of the industry
in which the counterparties operate in, and concluded that there has significant increase in the credit risk since the initial
recognition of an other receivable due from a third party amounted to SGD 398,607 305,352

Cash
and cash equivalents

The
Group held cash and bank balances with banks which are rated AA1 and A1 based on Moody’s and are considered to have low credit
risk. The cash balances are measured on 12-month expected credit losses and subject to immaterial credit loss.

Excessive
risk concentration

Concentrations
arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have
economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political
or other conditions. Concentrations indicate the relative sensitivity of the Group’s performance to developments affecting a particular
industry.

Exposure
to credit risk

The
Group has no significant concentration of credit risk other than balances with 3 customers (2024: 3 customers) which represent 67 76 55 78

Liquidity
risk

Liquidity
risk refers to the risk that the Group will encounter difficulties in meeting its short-term obligations due to shortage of funds. The
Group’s exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. It is
managed by matching the payment and receipt cycles. The Group finances its working capital requirements