Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 79

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 79
---
000 which were offset by (i) proceeds of S$400,000 from bank borrowings and proceeds of S$250,000 from issuance of ordinary shares in a subsidiary.

Cash Flows for the Six Months Ended October 31, 2023 and 2024

The following table sets forth a summary of our cash flows for the periods indicated.

|                                                          |     | Six Months Ended October 31, |           |   |     |      |           |   |
|                                                          |     |                         2023 |           |   |     | 2024 |           |   |
|                                                          |     |                           S$ |           |   |     |   S$ |           |   |
| Net cash provided by operating activities                |     |                              |   638,166 |   |     |      |    35,370 |   |
| Net cash used in investing activities                    |     |                              |      (260 | ) |     |      |         - |   |
| Net cash used in financing activities                    |     |                              |  (182,821 | ) |     |      |  (618,224 | ) |
| Increase/(decrease) in cash and cash equivalents         |     |                              |   455,085 |   |     |      |  (582,854 | ) |
| Cash and cash equivalents at the beginning of the period |     |                              | 1,613,282 |   |     |      | 1,868,461 |   |
| Cash and cash equivalents at the end of the period       |     |                              | 2,068,367 |   |     |      | 1,285,607 |   |

Cash flows from operating activities

For the six months ended October 31, 2023, our net cash generated by operating activities was S$638,166, which primarily consisted of our profit before income tax of S$925,498, as adjusted for non-cash items and non-operating items, changes in operating activities and cash used in operations. Adjustments for non-cash items and non-operating items consisted of (i) fair value gains on financial assets of S$481; (ii) unrealized foreign exchange gains of S$1,502; (iii) depreciation of property, plant and equipment of S$52,129; (iv) finance costs from bank borrowings and lease liabilities of S$17,338; (v) allowance for expected credit losses for