Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 172

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 172
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,210,736       ( 18,117      4,192,619      3,211,750  
  Other receivables (excluded prepayments)      III           Lifetime ECL (Simplified)                                   741,461      ( 398,607        342,854        262,643  
  Cash and cash equivalents                     I             12-month ECL                                                759,891              -        759,891        582,113  
                                                                                                                                       ( 466,579                                

  April 30, 2024                                Category      12-month or lifetime ECL       Gross carrying amount                                                              
                                                                                             SGD                                                                                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivables                             II            Lifetime ECL (Simplified)                                 1,484,757       ( 59,582      1,425,175      1,045,155  
  Contract assets                               II            Lifetime ECL (Simplified)                                 3,422,121        ( 3,303      3,418,818      2,507,201  
  Other receivables (excluded prepayments)      III           Lifetime ECL (Simplified)                                   732,156      ( 398,607        333,549        244,610  
  Cash and cash equivalents                     I             12-month ECL                                              1,868,461              -      1,868,461      1,370,241  
                                                                                                                                       ( 461,492                                

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  24.      Financial                    
           risk management (Continued)  
 ────────────────────────────────────────

Credit
risk

Trade
receivables and contract assets

For
trade receivables and contract assets, the Group has applied the simplified approach in IFRS 9 and use provision matrix to measure the
loss allowance at lifetime ECL. In determining ECL on a collective basis, trade receivables and contract assets are grouped based on
similar credit risk and aging. The Group considers the historical credit loss experience based on the past due status of the debtors,
historical customers’ payment profile and adjusted as appropriate to reflect current conditions and estimates of future economic
conditions affecting the