Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 271

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 271
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             SGD |     |             Net 
 carrying amount 
             USD |
|:--------------------------|:----|:---------|:----|:--------------------------|:----|----------------:|:----|:----------|:--|:----|----------------:|:----|----------------:|
| Trade receivables         |     | II       
 Note 1   |     | Lifetime ECL (Simplified) |     |       1,484,757 |     | (59,582   | ) |     |       1,425,175 |     |       1,077,229 |
| Contract assets           |     | II       
 Note 1   |     | Lifetime ECL (Simplified) |     |       3,422,121 |     | (3,303    | ) |     |       3,418,818 |     |       2,584,141 |
| Other receivables         
 (excluded prepayments)    |     | III      
 Note 2   |     | Lifetime ECL (Simplified) |     |         732,156 |     | (398,607  | ) |     |         333,549 |     |         252,116 |
| Cash and cash equivalents |     | I        
 Note 3   |     | 12-month ECL              |     |       1,868,461 |     | -         |   |     |       1,868,461 |     |       1,412,291 |
|                           |     |          |     |                           |     |                 |     | (461,492  | ) |     |                 |     |                 |

Trade receivables and contract 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