Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 131

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 131
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 Insurance financing      Interest expense      April 30, 2024  
                         SGD              SGD                   SGD           SGD                      SGD                   SGD             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Bank borrowings        835,878          ( 399,174             400,000       230,043                  52,697                1,119,444       
  Lease liabilities      545,021          ( 31,906              -             -                        15,470                528,585         

                                                         Principal and                        Non-cash changes                           
                         May 1, 2022                     interest payment                     Interest expense                           
                                          SGD                                  SGD                                  SGD         SGD      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Bank borrowings                         1,364,740                            ( 556,654                            27,792      835,878  
  Lease liabilities                       612,329                              ( 86,879                             19,571      545,021  

The
accompanying notes are an integral part of these consolidated financial statements.

  F-7  

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. Overview

Magnitude
International Ltd (the “ Company”) is incorporated in Cayman Islands on 25 October 2024 and its registered office at Harneys
Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P. O. Box 10240, Grand Cayman KY1-1002, Cayman Islands.
The principal place of business of the Company is 27 Woodlands Industrial Park E1 #03-15 (Lobby B) Hiangkie Industrial Building Singapore
757718.

These
consolidated financial statements comprise the Company and its subsidiaries (the “ Group”).

The
principal activity of the Company is investment holding. The principal activities of the subsidiaries are disclosed below.

The
details of its subsidiaries are as follows:

Schedule
of company’s subsidiaries

  Name of subsidiary                                                                                                                                                         Percentage of effective ownership                    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  (Country of incorporation and                                                                                                                                              held by the Company                                  
  principal place of business)                              Principal