Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 261

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 261
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 asset or as part of the expense item as applicable; and                                     |

| (ii) | receivables                                                         
 and payables that are stated with the amount of sales tax included. |

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   
 capital |

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  
 per share |

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 period, 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.

| F-63 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 2. | Material                                  
 accounting policy information (Continued) |

| 2.20 | Related 
 parties |

A related party is defined as follows:

| (a) | A                                                                                        
 person or a close member of that person’s family is related to the Group if that person: |

| (i)   | has                                                                                  
 control or joint control over the Group;                                             |
| (ii)  | has                                                                                  
 significant influence over the Group; or                                             |
| (iii) | is                                                                                   
 a member of the key management personnel of the Group or of a parent of the Company. |

| (b) | An                                                                         
 entity is related to the Group if any of the following conditions applies: |

| (i)    | the                                                                                             
 entity and the Group are members of the same group (which means that each parent, subsidiary    
 and fellow subsidiary