Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 161

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 161
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  Property loan       SGD 612,000           August 2044      At the bank’s prevailing CPL Board Rate with monthly rests                                                      

  (c)      Amounts                                          

Schedule of amounts related to
lease recognized in profit or loss

                                                                         April 30, 2023                  April 30, 2024                  April 30, 2025                            
                                                                         SGD                             SGD                             SGD                                       
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Expense relating to short-term leases (included in cost of sales)                          29,806                          26,320                          205,465      157,396  
  Depreciation of leasehold property and motor vehicles                                      38,286                          38,286                           30,091       23,051  
  Interest expense on lease liabilities                                                      19,571                          15,470                           17,457       13,373  
  Lease cost                                                                                 87,663                          80,076                          253,013      198,820  

  (d)      Total          

For
the years ended April 30, 2023, 2024 and 2025, the Group had total cash outflows for leases of SGD 116,685 58,226 242,052respectively.

13. Deferred tax liabilities

Movements
in deferred tax liabilities during the financial year were as follows:

Schedule of movements in
deferred tax liabilities

                                                                                 At May 1, 2023                  Recognized in profit or loss      At May 1, 2024/      Recognized in profit or loss      At April 30, 2025      At April 30, 2025  
                                                                                                                                                                                                                                                    
                                                                                                                                                   April 30, 2024                                                                                   
                                                                                 SGD                             SGD                               SGD                  SGD                               SGD                    USD                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Deferred tax liabilities                                                                                                                                                                                                                          
  Excess of net book value of property, plant and equipment over tax values                          96,856                                                                                                                                         

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

14. Trade and other pay