Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 267

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 267
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 |     |  3,469 |
|                            |     |                              | 102,477 |     | 31,590 |     | 23,877 |

| 23. | Segment   
 reporting |

Operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the CEO (“Chief Executive Officer”) for the purpose of resource allocation and performance assessment. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.

The Group operates in a single business segment which is the provision of electrical installation and licensing services for greenfield, brownfield and ad hoc electrical installation projects. No operating segments have been aggregated to form the following reportable operating segment.

The Group’s non-current assets are based in Singapore.

The Group’s revenue is derived from Singapore.

Information about major customers

The following table sets forth a summary of single customers who represent 10% or more of the Group’s revenue:

|            |     |      April 
  30,  2024 |     |   October 
 31,  2024 |     |   October 
 31,  2024 |
|:-----------|:----|-----------:|:----|----------:|:----|----------:|
|            |     |        SGD |     |       SGD |     |       USD |
| Customer A |     | 12,637,595 |     | 2,365,856 |     | 1,788,251 |
| Customer B |     |  4,759,149 |     | 2,035,924 |     | 1,538,869 |
|            |     | 17,396,744 |     | 4,401,780 |     | 3,327,120 |

| F-78 |

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

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 24. | Financial       
 risk management |

The Group’s activities expose it to a variety of financial risks from its operation. The key financial risks include credit risk, liquidity risk and market risk (including foreign currency risk and interest rate risk).

The director reviews and agrees policies and procedures for the management of these risks, which are executed by the management team. It is, and has been throughout the current and previous financial years/period,