Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 129

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 129
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 who is the sole shareholder of Herlin. As a result, Herlin’s share capital is SGD 500,000 as at April 30,       
  2023.                                                                                                                                    
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  ***       BNL has a share                                                                                                                          
            capital of SGD 250,000 as at April 30, 2023. On October 31, 2023, BNL’s share capital was increased by SGD 250,000 through the issuance  
            of new shares to Mr. Lim who is the sole shareholder of BNL. As a result, BNL’s share capital is SGD 500,000 as at April 30, 2024.       
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  ****      On December 12, 2024, director’s loan amounted to SGD 200,000 is capitalized                                                             

The
accompanying notes are an integral part of these consolidated financial statements

  F-5  

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

CONSOLIDATED
STATEMENTS OF CASH FLOWS

FOR
THE YEARS ENDED APRIL 30, 2023, 2024 AND 2025

                                                                                                                SGD              SGD              SGD            USD  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows from operating activities                                                                                                                                
  Profit before income tax                                                                                  821,266        2,023,322           24,929         19,098  
  Adjustments for:                                                                                                                                                    
  Fair value changes on financial assets at fair value through profit or loss                               ( 5,247          ( 7,280         ( 18,358       ( 14,063  
  Unrealized foreign exchange difference                                                                      3,716            ( 413           24,265         18,586  
  Depreciation of property, plant and equipment                                                  4          118,896          102,990           85,684         65,638  
  Gain on disposal of plant and equipment                                                                         -                -          ( 2,631        ( 2,015  
  Insurance premium charged to profit or loss                                                                     -           64,412                -              -  
  Finance costs                                                                                 18           47,363