Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 219

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 219
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     | SGD       |   |     |             SGD |     |             USD |
| Trade receivables                        |     | II       
 Note 1   |     | Lifetime ECL (Simplified) |     |       1,892,449 |     | (50,748   | ) |     |       1,841,701 |     |       1,350,617 |
| Contract assets                          |     | II       
 Note 1   |     | Lifetime ECL (Simplified) |     |       2,572,977 |     | (2,491    | ) |     |       2,570,486 |     |       1,885,074 |
| Other receivables (excluded prepayments) |     | III      
 Note 2   |     | Lifetime ECL (Simplified) |     |       2,436,267 |     | (318,886  | ) |     |       2,117,381 |     |       1,552,787 |
| Cash and cash equivalents                |     | I        
 Note 3   |     | 12-month ECL              |     |       1,613,282 |     | -         |   |     |       1,613,282 |     |       1,183,105 |
|                                          |     |          |     |                           |     |                 |     | (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