Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 72

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 72
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  Upkeep of motor vehicles                                           25,211        1.6         32,869        2.1         14,392        0.6  
  Utilities                                                          13,421        0.9         24,823        1.6         14,038        0.6  
  Others                                                            230,632       14.9        247,175       15.8        687,347       31.1  
  Total                                                           1,543,215      100.0      1,568,925      100.0      2,209,636      100.0  

Administrative
expenses consisted primarily of bank charges, staff costs, director’s renumerations, depreciation, insurance expenses, professional
fees and other miscellaneous administrative expenses.

Staff
costs mainly represented employee benefits expenses to our employees.

Depreciation
expense is charged on our property, plant and equipment which includes (i) leasehold property; (ii) motor vehicles; (iii) office equipment;
(iv) furniture and fittings; (v) renovation; (vi) computer software; (vii) computer and (viii) testing equipment.

Administrative
expenses increased by S$25,710 or approximately 1.7% from S$1,543,215 for the financial year ended April 30, 2023 to S$1,568,925 for
the financial year ended April 30, 2024. The marginal increase was due to the increase in insurance costs by S$93,364 from S$32,748 for
the financial year ended April 30, 2023 to S$126,112 for the financial year ended April 30, 2024, which was offset by decreases in staff
costs and director’s remuneration, due to departure of staff and a director for the same period.

  45  

Administrative
expenses increased by S$550,711 or approximately 33.2% from S$1,568,925 for the financial year ended April 30, 2024 to S$2,209,636 for
the financial year ended April 30, 2025. The increase was due to the increase in staff costs by S$586,760 from S$609,922 for the financial
year ended April 30, 2024 to S$1,196,682 for the financial year ended April