Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 78

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 78
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) an increase in contract assets of S$788,615;
and (iii) a decrease in contract liabilities of S$428,654; and (iv) tax paid of S$61,815.

Cash
flow used in investing activities

For
the financial year ended April 30, 2023, net cash used in investing activities was S$15,548, which was primarily consisted of purchase
of property, plant and equipment, mainly in computers.

For
the financial year ended April 30, 2024, net cash used in investing activities was S$123,558, which was primarily consisted of purchase
of property, plant and equipment, mainly in computers and a key-man insurance policy for our CEO.

For
the financial year ended April 30, 2025, net cash used in investing activities was S$452,762, which was primarily consisted of payment of
initial public offering expenses.

  48  

Cash
flow used in financing activities

For
the financial year ended April 30, 2023, net cash used in financing activities was S$543,533 which primarily consisted of (i) repayment
of bank borrowings of S$556,654; (ii) payment of lease liabilities of S$86,879; and (iii) dividends paid of S$250,000, which were offset
by proceeds of S$350,000 from issuance of ordinary shares in a subsidiary.

For
the financial year ended April 30, 2024, net cash used in financing activities was S$231,080 which primarily consisted of (i) repayment
of bank borrowings of S$399,174; (ii) payment of lease liabilities of S$31,906; and (iii) dividends paid of S$450,000 which were offset
by (i) proceeds of S$400,000 from bank borrowings and proceeds of S$250,000 from issuance of ordinary shares in a subsidiary.

For
the financial year ended April 30, 2025, net cash generated from financing activities was S$270,233 which primarily consisted of (i)
repayment of bank borrowings of S$546,861; (ii) payment of lease liabilities of S$36,587; and (iii) dividends paid of S$1,000,000
which were offset by (i) proceeds of S$1,181,568 from bank borrowings, (ii) proceeds of S$200,000 from issuance of