Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 76

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 76
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────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by (used in) operating activities                                                996,128        609,817        (926,041  
  Net cash used in investing activities                                                              (15,548       (123,558        (452,762  
  Net cash (used in)/generated from financing activities                                            (543,533       (231,080         270,233  
  Increase in cash and cash equivalents                                                              437,047        255,179      (1,108,570  
  Cash and cash equivalents at the beginning of the year                                           1,176,235      1,613,282       1,868,461  
  Cash and cash equivalents at the end of the year                                                 1,613,282      1,868,461         759,891  

  47  

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 (i) fair value gains on financial assets of S$5,247;
(ii) unrealized foreign exchange losses of S$3,716; (iii) depreciation of property, plant and equipment of S$118,896; (iv) finance costs
from bank borrowings and lease liabilities of S$47,363; (v) allowance for expected credit losses for trade and other receivable and contract
assets of S$172,821; and (vi) reversal of losses from onerous contracts of S$1,837,483. Changes in operating assets and liabilities mainly
included: (i) a decrease in contract assets of S$635,037; (ii) a decrease in trade and other receivables of S$700,616; (iii) an increase
in trade and other payables of S$2,906,525, which were offset by a decrease in contract liabilities of S$2,567,382.

For
the financial year ended April 30, 2024, our net cash provided by operating activities was S$609,817, which primarily consisted of our
profit before income tax