Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 80

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 80
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 trade and other receivable and contract assets of S$66,852; and (vi) reversal of losses from onerous contracts of S$102,177. Changes in operating assets and liabilities mainly included: (i) a increase in trade and other receivables of S$ 964,541; and (ii) an increase in contract liabilities of S$675,864. Which were offset by (i) an decrease in contract assets of S$324,877; and (ii) a decrease in trade and other payables of S$1,605,014.

For the six months ended October 31, 2024, our net cash generated by operating activities was S$35,370, which primarily consisted of our profit before income tax of S$198,152, 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$7,681; (ii) unrealized foreign exchange losses of S$10,851; (iii) depreciation of property, plant and equipment of S$54,996; (iv) finance costs from bank borrowings and lease liabilities of S$34,808; and (v) allowance for expected credit losses for trade and other receivable and contract assets of S$5,087. Changes in operating assets and liabilities mainly included a increase in contract assets of S$787,261 which was offset by (i) an decrease in trade and other receivables of S$40,830; (ii) a decrease in trade and other payables of S$470,720; (iii) a decrease in contract liabilities of S$506,549; and (iv) tax paid of S$30,005.

Cash flow used in investing activities

For the six months ended October 31, 2023, net cash used in investing activities was S$260, which was consisted of purchase of property, plant and equipment.

For the six months ended October 31, 2024, there was no net cash provided or used in investing activities.

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Cash flow used in financing activities

For the six months ended October 31, 2023, net cash used in financing activities was S$182,821 which primarily consisted of (i) repayment of bank borrowings of S$170,368; (ii) repayment of lease liabilities of S$