Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 72

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 72
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 2.9 |     |      |  14,714 |     |   |   1.6 |
| Professional fees                     |     |                                      | 113,792 |     |   |  13.5 |     |      | 222,645 |     |   |  24.1 |
| Property maintenance and property tax |     |                                      |   6,457 |     |   |   0.8 |     |      |   6,457 |     |   |   0.7 |
| Travelling                            |     |                                      |  10,829 |     |   |   1.3 |     |      |   5,298 |     |   |   0.6 |
| Upkeep of motor vehicles              |     |                                      |  20,221 |     |   |   2.4 |     |      |   7,565 |     |   |   0.8 |
| Utilities                             |     |                                      |   7,313 |     |   |   0.8 |     |      |   7,179 |     |   |   0.8 |
| Others                                |     |                                      | 132,449 |     |   |  15.7 |     |      |  32,866 |     |   |   3.5 |
| Total                                 |     |                                      | 845,050 |     |   | 100.0 |     |      | 924,987 |     |   | 100.0 |

| 54 |

Administrative expenses consisted primarily of bank charges, staff costs, director’s renumerations, depreciation, insurance expenses, professional fees and other miscellaneous administrative expenses.

Staff costs mainly represented employee benefits expenses to our employees.

Depreciation expense is charged on our property, plant and equipment which includes (i) leasehold property; (ii) motor vehicles; (iii) office equipment; (iv) furniture and fittings; (v) renovation; (vi) computer software; (vii) computer and (viii) testing equipment.

Administrative expenses increased by S$79,937 or approximately 9.5% from S$845,050 for the six months ended October 31, 2023 to S$924,987 for the six months ended October 31, 2024. The increase is mainly due to an increase in professional fees from