Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 208

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 208
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) (i) has significant influence over the entity or is a member of        
 the key management personnel of the entity (or of a parent of the entity).                      |
| (viii) | the                                                                                             
 entity, or any member of a group of which it is a part, provides key management personnel       
 services to the Group or to the parent of the Group.                                            |

| 2.21 | Segment reporting |

Operating segment is reported in a manner consistent with the internal reporting provided to the executive committee whose members are responsible for allocating resources and assessing performance of the operating segment.

| 3. | Significant                         
 accounting judgements and estimates |

The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the end of each reporting period. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in the future periods.

| 3.1 | Judgments made in applying accounting policies |

Management is of the opinion that there are no significant judgements made in applying accounting estimates and policies that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year.

| 3.2 | Key sources of estimation 
 uncertainty               |

The key assumptions concerning the future and other key sources of estimation uncertainty at the end of the reporting period are discussed below. The Group based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions when they occur.

| F-21 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 3. | Significant                                     
 accounting judgements and estimates (Continued) |

| 3.2 | Key sources of estimation uncertainty (Continued) |

Revenue recognition from provision of electrical works and installation services

The Group recognizes contract revenue and contract costs from provision of electrical works and installation services for construction projects using input method, based on the actual costs incurred by the Group to date compared with the total budgeted costs for the project to estimate the revenue recognized during the period. The estimated total contract costs are based on contracted amounts, and in respect of amounts not contracted