Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 221

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 221
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:------------------|:----|---------:|:----|:---------|:----|:---------|
|                   |     |      SGD |     | SGD      |     | USD      |
| Onerous contracts |     |  130,343 |     | -        |     | -        |

Movements in provision were as follows:

|                           |     | Onerous contracts |   |     | Onerous contracts |   |
|                           |     |               SGD |   |     |               USD |   |
| Balance at May 1, 2022    |     |         1,967,826 |   |     |         1,443,111 |   |
| Addition                  |     |            18,861 |   |     |            13,831 |   |
| Utilization               |     |        (1,856,344 | ) |     |        (1,361,355 | ) |
| Balance at April 30, 2023 |     |           130,343 |   |     |            95,587 |   |
| Utilization               |     |          (130,343 | ) |     |           (95,587 | ) |
| Balance at April 30, 2024 |     |                 - |   |     |                 - |   |

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