Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 170

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 170
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,000,000 |   |

* Giving retroactive effect to reflect the reorganization and issuance of ordinary shares which are detailed in Note 1.

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements</div>

| F-4 |

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

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR THE YEARS ENDED APRIL 30, 2023 AND 2024</div>

|                                                                         |     | Share Capital* |     | Merger reserve |     | Foreign currency translation reserve |   |     | (Accumulated deficit)/ Retained earnings |   |     |                                        Total 
 equity attributable to owners of the Company |   |
|                                                                         |     |            SGD |     |            SGD |     |                                  SGD |   |     |                                      SGD |   |     |                                          SGD |   |
| Balance at May 1, 2022                                                  |     |         86,585 |     |        399,999 |     |                                    - |   |     |                               (1,227,061 | ) |     |                                     (740,477 | ) |
| Profit for the year                                                     |     |              - |     |              - |     |                                    - |   |     |                                  783,735 |   |     |                                      783,735 |   |
| Other comprehensive income                                              |     |                |     |                |     |                                      |   |     |                                          |   |     |                                              |   |
| Exchange differences on translating foreign operations                  |     |              - |     |              - |     |                               (3,045 | ) |     |                                        - |   |     |                                       (3,045 | ) |
| Total comprehensive income attributable to equity owners of the Company |     |              - |     |              - |     |                               (3,045 | ) |     |                                  783,735 |   |     |                                      780,690 |   |
| Dividend paid (Note 28)                                                 |     |              - |     |              - |     |                                    - |   |     |                                 (250,000 | ) |     |                                     (250,000 | ) |
| Acquisition of additional interest in a subsidiary under common control |     |              - |     |        350,000 |     |                                    - |   |     |                                        - |   |