Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 162

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 162
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ables

Schedule of trade and other payables

                                      April 30, 2024                     April 30, 2025                     April 30, 2025                 
                                      SGD                                SGD                                USD                            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade payables:                                                                                                                          
  - third parties                                         2,614,237                          2,466,430                          1,889,406  
  Other payables:                                                                                                                          
  Amount due to a director                                   55,899                            528,012                            404,483  
  Other payables                                             10,002                                  -                                  -  
  GST payables, net                                          49,360                             81,365                             62,330  
  Accrued expenses                                        1,114,498                          1,653,569                          1,266,714  
  Dividends payable                                               -                            600,000                            459,629  
  Trade and other payable                                 1,229,759                          2,862,946                          2,193,156  
  Total trade and other payables                          3,843,996                          5,329,376                          4,082,562  

Trade
payables are non-interest bearing and are normally settled within 45 45

The
amount due to a director and dividends payable are

Accrued
expenses mainly consist of accrued professional fees and subcontractors’ costs.

15. Provision

Schedule
of Provision

                         April 30, 2024      April 30, 2025      April 30, 2025  
                         SGD                 SGD                 USD             
  Onerous contracts                                                              
 ─────────────────────────────────────────────────────────────────────────────────

Movements
in provision were as follows:

Schedule
of Movements in Provision

                                          Onerous contracts                     Onerous contracts                
                                          SGD                                   USD                              
  Balance at May 1, 2023                                         130,343                               95,587    
  Utilization                                                    ( 130,343                             ( 95,587  
  Balance at April 30, 2024 and 2025                             -                                     -         

Provision
for onerous contracts is in respect of remaining expected losses arising from non-cancellable construction contracts where the expected
total contract costs exceed the total contract sum and is expected to be utilized as these contracts progress towards completion.

MAGN