Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 230

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 230
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 | (372,125  | ) |     |                 |     |                 |

| F-38 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 23. | Financial                   
 risk management (Continued) |

Credit risk(Continued)

Trade receivables and contract assets(Note 1)

For trade receivables and contract assets, the Group has applied the simplified approach in IFRS 9 and use provision matrix to measure the loss allowance at lifetime ECL. In determining ECL on a collective basis, trade receivables and contract assets are grouped based on similar credit risk and aging. The Group considers the historical credit loss experience based on the past due status of the debtors, historical customers’ payment profile and adjusted as appropriate to reflect current conditions and estimates of future economic conditions affecting the ability of the customers to settle the debts. The Group has identified the country risk, real gross domestic product (GDP) growth rate and unemployment rate in which it sells goods and services to be the most relevant factor and the historical loss rates are adjusted accordingly based on the expected changes in this factor. Accordingly, the credit risk profile of trade receivables is presented based on their past due status in terms of the provision matrix.

| April               
 30, 2024            |     |                           Trade 
 receivables and contract assets |     | ECL     |   |     |                                Trade 
 receivables and contract assets, net |     |                                Trade 
 receivables and contract assets, net |
|:--------------------|:----|--------------------------------:|:----|:--------|:--|:----|-------------------------------------:|:----|-------------------------------------:|
|                     |     |                             SGD |     | SGD     |   |     |                                  SGD |     |                                  USD |
| Not past due        |     |                       4,407,717 |     | (4,252  | ) |     |                            4,403,465 |     |                            3,229,294 |
| < 30 days           |     |                         411,649 |     | (26,995 | ) |     |                              384,654 |     |                              282,087 |
| 31 days to 60 days  |     |                          54,065 |     | (7,899  | ) |     |                               46,