Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 154

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 154
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352  
  Deposits                                                              227,851                            211,404                            161,945  
  Prepayments                                                            31,660                            167,865                            128,594  
  Other receivables                                                     365,209                            510,719                            391,237  
  Total trade and other receivables                                   1,790,384                          1,457,596                          1,116,590  

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  Trade                              
  and other receivables (Continued)  
 ─────────────────────────────────────

Trade
receivables are unsecured, non-interest bearing and are generally settled within 35 days (2024: 35 days) credit terms.

Other
receivables from shareholders represent proceeds from issuance of share capital of the Company as disclosed in Note 1. The amounts are non-trade in nature, unsecured, non-interest bearing and repayable
on demand.

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

Schedule
of allowance for credit losses for trade and other receivables

                                      April 30, 2024                   April 30, 2025                   April 30, 2025               
                                      SGD                              SGD                              USD                          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivables                                                                                                                  
  At beginning of financial year                           50,748                           59,582                           45,642  
  Addition/(Reversal)                                       8,834                          ( 9,727                          ( 7,451  
  At end of financial year                                 59,582                           49,855                           38,191  
  Other receivables                                                                                                                  
  At beginning of financial year                          318,886                          398,607                          305,352  
  Addition                                                 79,721                                -                                -  
  At end of financial year                                398,607                          398,607                          305,352  

8. Contract assets/liabilities

Schedule
of contract assets/liabilities

                                                  April 30, 2024                     April 30, 2025                     April 30, 2025                 
                                                  SGD                                SGD                                USD                            
 ─────────────────────────────────────────────────────────────────────────────────