Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 195

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 195
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 |           |   |     |           |   |     |           |   |
| - shareholders                             |     |    83,538 |   |     |    85,443 |   |     |    62,660 |   |
| - third parties                            |     | 2,150,190 |   |     |   418,862 |   |     |   307,173 |   |
| Less: Allowance for expected credit losses |     |  (318,886 | ) |     |  (398,607 | ) |     |  (292,319 | ) |
| Deposits                                   |     |   179,304 |   |     |   227,851 |   |     |   167,096 |   |
| Prepayments                                |     |    23,747 |   |     |    31,660 |   |     |    23,218 |   |
| Sundry receivables                         |     |    23,235 |   |     |         - |   |     |         - |   |
|                                            |     | 2,141,128 |   |     |   365,209 |   |     |   267,828 |   |
| Total trade and other receivables          |     | 3,982,829 |   |     | 1,790,384 |   |     | 1,312,983 |   |

| F-24 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 6. | Trade                             
 and other receivables (Continued) |

Trade receivables are unsecured, non-interest bearing and are generally settled within 35 days (2023: 35 days) credit terms.

Other receivables from shareholders represents proceeds from issuance of share capital of the Company as disclosed in Note 1. The amount is expected to be settled upon completion of the reorganization.

The movement in allowance for expected credit losses of trade and other receivables computed based on lifetime ECL was as follows:

|                                |     |    April 
 30, 2023 |     |    April 
 30, 2024 |     |    April 
 30, 2024 |
|:-------------------------------|:----|---------:|:----|---------:|