Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 258

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 258
---
 in contract                  
 liabilities at the                            
 beginning of the year                         |     | 1,079,387 |     |   581,767 |     |   439,733 |
| Performance obligations satisfied in previous 
 years                                         |     |    46,623 |     |    21,165 |     |    15,998 |

The contract liabilities as of
April 30, 2024 decreased as several electrical contracts progressed toward completion during the six months ended October 31, 2024. As
of October 31, 2024, no significant contract liabilities were recorded for the newly secured electrical contracts, as electrical activities
remained low during the early stage of these contracts.

Transaction price allocated to remaining performance obligations

Management expects that the transaction price allocated to remaining unsatisfied (or partially unsatisfied) performance obligations as at April 30, 2024 and October 31, 2024 may be recognized as revenue in the next reporting periods as follows:

|                                       |     |      April 
  30,  2025 |     |      April 
   30, 2026 |     |      April 
   30, 2027 |     |      April 
   30, 2028 |
|:--------------------------------------|:----|-----------:|:----|-----------:|:----|-----------:|:----|-----------:|
|                                       |     |        SGD |     |        SGD |     |        SGD |     |        SGD |
| Unsatisfied and partially unsatisfied 
 performance obligations as at:        |     |            |     |            |     |            |     |            |
| October 31, 2024                      |     | 17,972,199 |     | 14,955,519 |     | 14,201,231 |     | 14,201,231 |
| April 30, 2024                        |     |  9,681,291 |     |  3,911,656 |     |  3,911,656 |     |  3,911,656 |

| 9. | Cash                 
 and cash equivalents |

|               |     |     April 
 30,  2024 |     |   October 
 31,  2024 |     |   October 
 31,  2024 |
|:--------------|:----|----------:|:----|----------:|:----|----------:|