Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 220

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 220
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The Group has lease contracts related to leasehold property loan and vehicles financing under hire purchase arrangements with banks, arranged at floating and fixed interest rates. The interest rate implicit in the leases range from 2.13% to 3.58% per annum.

| (a) | Carrying                                                                       
 amounts of right-of-use assets presented within property, plant and equipment: |

|                   |     | Leasehold property |   |     | Motor vehicles |   |     |   Total |   |     |   Total |   |
|                   |     |                SGD |   |     |            SGD |   |     |     SGD |   |     |     USD |   |
| At May 1, 2022    |     |            628,710 |   |     |         64,635 |   |     | 693,345 |   |     | 508,467 |   |
| Depreciation      |     |            (19,854 | ) |     |        (18,432 | ) |     | (38,286 | ) |     | (28,077 | ) |
| At April 30, 2023 |     |            608,856 |   |     |         46,203 |   |     | 655,059 |   |     | 480,390 |   |
| Depreciation      |     |            (19,854 | ) |     |        (18,432 | ) |     | (38,286 | ) |     | (28,077 | ) |
| At April 30, 2024 |     |            589,002 |   |     |         27,771 |   |     | 616,773 |   |     | 452,313 |   |

| (b) | Lease       
 liabilities |

The carrying amounts of lease liabilities as of April 30, 2023 and 2024 are SGD545,021 and SGD528,585 respectively. The movements during the years are disclosed in consolidated statements of cash flows.

At the end of the financial year, the Group’s leasehold property loan is secured by mortgage over the Group’s leasehold property (Note 4).

Details of the lease liabilities are as follows:

| Type              
 April 30, 2023    |     | Principal  
 amount     |     | Maturities  |     | Interest                                                   
 rate                                                       |     | Current |     | Non-current |     |