Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 208

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 208
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,286 | ) |     | (28,077 | ) |
| At April 30, 2023 |     |            608,856 |   |     |         46,203 |   |     | 655,059 |   |     | 480,390 |   |
| Depreciation      |     |            (19,854 | ) |     |        (18,432 | ) |     | (38,286 | ) |     | (28,077 | ) |
| At April 30, 2024 |     |            589,002 |   |     |         27,771 |   |     | 616,773 |   |     | 452,313 |   |

| (b) | Lease       
 liabilities |

The carrying amounts of lease liabilities as of April 30, 2023 and 2024 are SGD545,021 and SGD528,585 respectively. The movements during the years are disclosed in consolidated statements of cash flows.

At the end of the financial year, the Group’s leasehold property loan is secured by mortgage over the Group’s leasehold property (Note 4).

Details of the lease liabilities are as follows:

| Type              
 April 30, 2023    |     | Principal  
 amount     |     | Maturities  |     | Interest                                                   
 rate                                                       |     | Current |     | Non-current |     |   Total |     |   Total |
|:------------------|:----|:-----------|:----|:------------|:----|:-----------------------------------------------------------|:----|--------:|:----|------------:|:----|--------:|:----|--------:|
|                   |     |            |     |             |     |                                                            |     |     SGD |     |         SGD |     |     SGD |     |     USD |
| Vehicle financing |     | SGD72,240  |     | August 2022 |     | 3.4% per annum                                             |     |       - |     |           - |     |       - |     |       - |
| Property loan     |     | SGD612,000 |     | August 2044 |     | At the bank’s prevailing CPL Board Rate with monthly rests |     |  20,115 |     |     524,906 |     | 545,021 |     | 405,703 |

| F-29 |

<div align='center'>MAGNITUDE INTERNATIONAL