Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 211

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 211
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ance for expected credit losses |     |   (50,748 | ) |     |   (59,582 | ) |     |   (43,695 | ) |
|                                            |     | 1,841,701 |   |     | 1,425,175 |   |     | 1,045,155 |   |
| Other receivables                          |     |           |   |     |           |   |     |           |   |
| - shareholders                             |     |    83,538 |   |     |    85,443 |   |     |    62,660 |   |
| - third parties                            |     | 2,150,190 |   |     |   418,862 |   |     |   307,173 |   |
| Less: Allowance for expected credit losses |     |  (318,886 | ) |     |  (398,607 | ) |     |  (292,319 | ) |
| Deposits                                   |     |   179,304 |   |     |   227,851 |   |     |   167,096 |   |
| Prepayments                                |     |    23,747 |   |     |    31,660 |   |     |    23,218 |   |
| Sundry receivables                         |     |    23,235 |   |     |         - |   |     |         - |   |
|                                            |     | 2,141,128 |   |     |   365,209 |   |     |   267,828 |   |
| Total trade and other receivables          |     | 3,982,829 |   |     | 1,790,384 |   |     | 1,312,983 |   |

| F-24 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 6. | Trade                             
 and other receivables (Continued) |

Trade receivables are unsecured, non-interest bearing and are generally settled within 35 days (2023: 35 days) credit terms.

Other receivables from shareholders represents proceeds from issuance of share capital of the Company as disclosed in Note 1. The amount is expected to be settled upon completion of the reorganization.

The