Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 89

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 89
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 lifetime expected credit loss methodology to measure impairments of certain financial assets. Using this methodology will result in earlier recognition of losses than under the current incurred loss approach, which requires waiting to recognize a loss until it is probable of having been incurred. There are other provisions within the standard that affect how impairments of other financial assets may be recorded and presented, and that expand disclosures. The Group adopted the new standard effective January 1, 2018, and applied to contracts receivables, contract assets, retention receivable and other financial instruments. The adoption of this standard did not materially impact on the net earning and financial position and has no impact on the cash flows.

| 65 |

| ● | Property, Plant and Equipment, net |

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

|              |     | Useful 
 lives  |
| Leasehold    
 property     |     | 35     
 years  |
| Office       
 equipment    |     | 5      
 years  |
| Furniture    
 and fittings |     | 5      
 years  |
| Renovation   |     | 5      
 years  |
| Motor        
 vehicles     |     | 5      
 years  |
| Computer     
 software     |     | 2      
 years  |
| Computer     |     | 1      
 year   |
| Testing      
 equipment    |     | 1      
 year   |

| ● | Impairment                       
 of Property, Plant and Equipment |

The Group’sproperty, plant and equipment, net are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. If an impairment is identified, the group will reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to fair value less costs of disposal.

| ● | Fair              
 Value Measurement |

IFRS 13 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would