Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 230

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 230
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 At present, the Group does not have any formal policy for hedging against currency risk. The Group ensures that the net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates, where necessary, to address short-term imbalances.

The Group has transactional currency exposures arising from sales or purchases that are denominated in a currency other than the functional currency of the entity, primarily United States Dollar (USD).

| F-41 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 23. | Financial                   
 risk management (Continued) |

Foreign currency risk (Continued)

At the end of each reporting year, the Group’s exposure to foreign currency risk is as follows:

|                                                       |     |    April 
 30, 2023 |     |    April 
 30, 2024 |     |    April 
 30, 2024 |
|:------------------------------------------------------|:----|---------:|:----|---------:|:----|---------:|
|                                                       |     |      SGD |     |      SGD |     |      USD |
| Financial assets                                      |     |          |     |          |     |          |
| Financial assets at fair value through profit or loss |     |  172,412 |     |  439,817 |     |  322,541 |
| Cash and cash equivalents                             |     |    3,933 |     |    8,861 |     |    6,498 |
|                                                       |     |  176,345 |     |  448,678 |     |  329,039 |
| Financial liabilities                                 |     |          |     |          |     |          |
| Borrowings                                            |     |  150,975 |     |  317,076 |     |  232,529 |
|                                                       |     |  150,975 |     |  317,076 |     |  232,529 |
| Net exposure                                          |     |   25,370 |     |  131,602 |     |   96,510 |

A 1% (2023: 1%) strengthening/weakening of Singapore Dollar against the foreign currency denominated balances as at the end of the reporting year would increase/(decrease) profit or loss by the amounts shown below. This analysis assumes that all other variables