Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 67

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 67
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 to accelerate our growth, then additional financing may be required. No assurance can be provided, however, that additional financing, if required, would be available at all or on favourable terms. Such financing may include the use of additional debt or the sale of additional equity securities. Any financing which involves the sale of equity securities or instruments that are convertible into equity securities could result in immediate and possibly significant dilution to our existing shareholders.

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Cash Flows Analysis

Cash Flows for the Financial Years ended April 30, 2023 and 2024

The following table sets forth a summary of our cash flows for the periods indicated.

|                                                        |     | Financial Years ended April 30, |           |   |     |      |           |   |
|                                                        |     |                            2023 |           |   |     | 2024 |           |   |
|                                                        |     |                              S$ |           |   |     |   S$ |           |   |
| Net cash provided by operating activities              |     |                                 |   996,128 |   |     |      |   609,817 |   |
| Net cash used in investing activities                  |     |                                 |   (15,548 | ) |     |      |  (123,558 | ) |
| Net cash used in financing activities                  |     |                                 |  (543,533 | ) |     |      |  (231,080 | ) |
| Increase in cash and cash equivalents                  |     |                                 |   437,047 |   |     |      |   255,179 |   |
| Cash and cash equivalents at the beginning of the year |     |                                 | 1,176,235 |   |     |      | 1,613,282 |   |
| Cash and cash equivalents at the end of the year       |     |                                 | 1,613,282 |   |     |      | 1,868,461 |   |

Cash flows from operating activities

For the financial year ended April 30, 2023, our net cash provided by operating activities was S$996,128, which primarily consisted of our profit before income tax of S$821,266, as adjusted for non-cash items and non-operating items, changes in operating activities and cash used in operations. Adjustments for non-cash items and non-operating items consisted of fair value gain in financial assets of S$5,247, unrealized