Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 264

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 264
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           |     |           |
| Amount due to a director       |     |    55,899 |     |     6,305 |     |     4,766 |
| Other payables                 |     |    10,002 |     |    24,832 |     |    18,769 |
| GST payables, net              |     |    49,360 |     |   164,312 |     |   124,197 |
| Dividend payable               |     |         - |     |   300,000 |     |   226,757 |
| Accrued expenses               |     | 1,114,498 |     | 1,826,311 |     | 1,380,432 |
|                                |     | 1,229,759 |     | 2,321,760 |     | 1,754,921 |
| Total trade and other payables |     | 3,843,996 |     | 4,483,803 |     | 3,389,118 |

Trade payables are non-interest bearing and are normally settled within 45 days (April 30, 2024: 45 days).

The amount due to a director is non-trade in nature, unsecured, non-interest bearing and repayable on demand.

Accrued expenses mainly consist of accrued professional fees and subcontractors’ costs.

| F-74 |

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

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 16. | Revenue |

|                                     |     | Six                      
 months ended October 31, |            |     |           |     |           |
|                                     |     |                          |       2023 |     |      2024 |     |      2024 |
|                                     |     |                          |        SGD |     |       SGD |     |       USD |
| Disaggregation of revenue           |     |                          |            |     |           |     |           |
| - Electrical works and installation 
 services                            |     |                          | 13,226,030 |     | 5,544,368 |     | 4,190,754 |
| - Ad-hoc services                   |     |                          |    363,185 |     | 1,735,471 |     | 1,311