Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 73

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 73
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 30, 2025.

Finance
Costs

Finance
costs primarily consisted of accrued interest from bank borrowings and lease liabilities. Finance costs increased by S$22,548, or approximately
33.1% from S$68,167 for the financial year ended April 30, 2024 to S$90,715 for the financial year ended April 30, 2025. The increase
was mainly attributable to invoice financing and additional bank loan of S$1,000,000 that were taken during the financial year ended
April 30, 2025.

Other
Income

The
following table sets forth the breakdown of our other income for the twelve months ended April 30, 2023, 2024 and 2025:

                                                                                   Financial Years Ended April 30                                                                       
                                                                                   2023                                                                                                 
                                                                                   S$                                                                                                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Government grant                                                                                                     54,958      70.2       10,930       21.9      10,500       23.9  
  Interest income                                                                                                      381         0.5           149        0.3         158        0.3  
  Foreign exchange gain                                                                                                -           -           9,698       19.4      18,358          -  
  Fair value changes on financial assets at fair value through profit or loss                                          5,247       6.7         7,280       14.6       4,282       41.0  
  Gain on disposal of Property, plant and equipment                                                                    -           -               -          -       2,631        5.9  
  Insurance claims                                                                                                     -           -               -          -       4,282        9.6  
  Rental income                                                                                                        -           -          12,010       24.1           -          -  
  Sundry income                                                                                                        17,752      22.6        9,805       19.7       8,652       19.3  
  Total                                                                                                                78,338      100.0      49,872      100.0      44,781      100.0  

Other
income primarily consisted of government grants, fair value change on keyman life insurance and gain from foreign