Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 210

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 210
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Provision for onerous contracts is in respect of remaining expected losses arising from non-cancellable construction contracts where the expected total contract costs exceed the total contract sum and is expected to be utilized as these contracts progress towards completion.

| F-31 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 15. | Revenue |

|                                              |     |      April 
   30, 2023 |     |      April 
   30, 2024 |     |      April 
   30, 2024 |
|:---------------------------------------------|:----|-----------:|:----|-----------:|:----|-----------:|
|                                              |     |        SGD |     |        SGD |     |        USD |
| Disaggregation of revenue                    |     |            |     |            |     |            |
| - Electrical works and installation services |     | 21,022,421 |     | 22,766,161 |     | 16,695,630 |
| - Ad-hoc services                            |     |    838,739 |     |  1,435,673 |     |  1,052,855 |
|                                              |     | 21,861,160 |     | 24,201,834 |     | 17,748,485 |
| Timing of transfer of goods and services     |     |            |     |            |     |            |
| - Over time                                  |     | 21,022,421 |     | 22,766,161 |     | 16,695,630 |
| - Point in time                              |     |    838,739 |     |  1,435,673 |     |  1,052,855 |
|                                              |     | 21,861,160 |     | 24,201,834 |     | 17,748,485 |

| 16. | Impairment               
 loss on financial assets |

|                                          |     |    April 
 30, 2023 |     |    April 
 30, 2024 |     |    April 
 30, 2024 |
|:-----------------------------------------|:----|---------:|:----|---------:|:----|---------:|
|                                          |     |      SGD |     |      SGD |     |      USD |
| Allow