Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 281

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 281
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 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.

| October 31, 2024    |     |                           Trade 
 receivables and contract assets 
                             SGD |     | ECL     
 SGD     |   |     |        Trade receivables 
 and contract assets, net 
                      SGD |     |        Trade receivables 
 and contract assets, net 
                      USD |
|:--------------------|:----|--------------------------------:|:----|:--------|:--|:----|-------------------------:|:----|-------------------------:|
| Not past due        |     |                       3,112,124 |     | (4,082  | ) |     |                3,108,042 |     |                2,349,237 |
| < 31 days           |     |                         639,823 |     | (10,866 | ) |     |                  628,957 |     |                  475,402 |
| 31 days to 60 days  |     |                           9,766 |     | (1,699  | ) |     |                    8,067 |     |                    6,098 |
| 61 days to 90 days  |     |                          34,819 |     | (11,247 | ) |     |                   23,572 |     |                   17,817 |
| 91 days to 120 days |     |                          26,978 |     | (26,978 | ) |     |                        - |     |                        - |
| >120 days           |     |