Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 178

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 178
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 AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

26. Fair value of assets and liabilities

Fair
value hierarchy

The
Group categorizes

  Level                                                                                                                             
  Level                                                                                                                             
  Level                                                                                                                             

Fair
value measurements that use inputs of different hierarchy levels are categorized in its entirety in the same level of the fair value
hierarchy as the lowest level input that is significant to the entire measurement.

Fair
value of financial instruments carried at fair value

The
following table shows an analysis of each class of assets measured at fair value at the reporting date:

Schedule of fair value of financial instrument carried at
fair value

                                            (Level 1)                                                      (Level 2)                                                  (Level 3)                                         Total                   Total  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                            Fair value measurement at the reporting date using                                                                                                                                                         
                                            Quoted prices in active markets for identical instruments      Significant observant inputs other than quoted prices      Significant unobservable inputs                                                  
                                            (Level 1)                                                      (Level 2)                                                  (Level 3)                                         Total                   Total  
                                            SGD                                                            SGD                                                        SGD                                               SGD                     USD    
  April 30, 2025                                                                                                                                                                                                                                       
  Financial assets:                                                                                                                                                                                                                                    
  At fair value through profit or loss                                                                                                                                                                     440,888                 440,888             
  April 30, 2024                                                                                                                                                                                                                                       
  Financial assets:                                                                                                                                                                                                                                    
  At fair value through profit or loss                                                                                                                                                                     439,817                 439,817             

The
Group has no financial instruments under Level 1 and Level 2 in both financial years. The fair value of the keyman life insurance included
unobservable inputs that are not developed by the Group. The fair value of the financial instruments is determined using the annual statement
of value of the insurance policy provided by insurer without adjustment. There have no changes in the valuation techniques during the
financial year.

Assets
and liabilities not measured at fair value

The
carrying amount of the current financial assets and current financial liabilities that are not carried at fair value approximate their
respective fair value as at the end of the reporting year due to the relatively short-term maturity of these financial instruments.

The
fair value of non-current financial liabilities that is not carried at fair value in relation to borrowings as