Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 149

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 149
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 tax except:

  (i)       where                                                                                                                               
  (ii)      receivables                                                                                                                         

The
net amount of sales tax recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the
statement of financial position.

  2.17      Share    

Proceeds
from issuance of ordinary shares are recognized as share capital in equity. Incremental costs directly attributable to the issuance of
ordinary shares are deducted against share capital.

  2.18      Earnings   

The
Group presents basic and diluted earnings per share data for its ordinary shares. Basic earnings per share is calculated by dividing
the profit or loss attributable to owners of the Company by the weighted-average number of ordinary shares outstanding during the year,
adjusted for own shares held, if any. Diluted earnings per share is determined by adjusting the profit or loss attributable to owner
of the Company and the weighted-average number of ordinary shares outstanding, adjusted for own shares held, if any, for the effects
of all dilutive potential ordinary shares.

  2.19      Dividends  

Equity
dividends are recognized when they become legally payable. Interim dividends are recorded in the year in which they are declared payable.
Final dividends are recorded in the year in which the dividends are approved by the shareholder.

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  Material                                   
  accounting policy information (Continued)  
 ─────────────────────────────────────────────

  2.20      Related  

A
related party is defined as follows:

  (a)      A                                                                                         

  (i)        has                                                                                   
  (ii)       has                                                                                   
  (iii)      is                                                                                    

  (b)      An                                                                          

  (i)         the                                                                                                                                  
  (ii)        one                                                                                                                                  
  (iii)       both                                                                                                                                 
  (iv)        one                                                                                                                                  
  (v)         the                                                                                                                                  
  (vi)        the                                                                                                                                  
  (vii)       a                                                                                                                                    
  (viii)      the                                                                                                                                  

2.21 Segment reporting

Operating
segment is reported in a manner consistent with the internal reporting provided to the executive committee whose members are responsible
for allocating resources and assessing performance of the operating segment.

3. Significant accounting judgements and estimates

The
preparation of the Group’s consolidated financial statements