Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 173

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 173
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 ability of the customers to settle the debts. The Group has identified the country risk, real gross domestic
product (GDP) growth rate and unemployment rate in which it sells goods and services to be the most relevant factor and the historical
loss rates are adjusted accordingly based on the expected changes in this factor. Accordingly, the credit risk profile of trade receivables
is presented based on their past due status in terms of the provision matrix.

Schedule
of credit risk profile of trade receivables on their past due status in terms

  April 30, 2025           Trade receivables and contract assets           ECL      Trade receivables and contract assets, net                 
                                                             SGD           SGD      SGD                                                        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Not past due                                         4,392,285      ( 20,538      4,371,747                                       3,348,970  
  < 30 days                                              715,879      ( 10,902      704,977                                           540,047  
  31 days to 60 days                                      36,483         ( 989      35,494                                             27,190  
  61 days to 90 days                                      47,718      ( 20,440      27,278                                             20,896  
  91 days to 120 days                                          -             -      -                                                       -  
  >120 days                                               15,103      ( 15,103      -                                                       -  
                                                       5,207,468      ( 67,972      5,139,496                                       3,937,103  

  April 30, 2024           Trade receivables and contract assets      ECL           Trade receivables and contract assets, net                 
                           SGD                                        SGD           SGD                                                        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Not past due             4,407,717                                  ( 4,252       4,403,465                                       3,229,294  
  < 30 days                411,649                                    ( 26,995      384,654                                           282,087  
  31 days to 60 days       54,065                                     ( 7,899       46,166                                             33,856  
  61 days to 90 days       -                                          -