Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 270

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 270
---
 |   589,002 |   |     |   27,771 |   |     | 616,773 |   |     | 466,193 |   |
| Depreciation        |     |    (9,927 | ) |     |   (6,477 | ) |     | (16,404 | ) |     | (12,399 | ) |
| At October 31, 2024 |     |   579,075 |   |     |   21,294 |   |     | 600,369 |   |     | 453,794 |   |

| F-72 |

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

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

| 12. | Borrowings  
 (Continued) |

Lease liabilities(Continued)

| (b) | Lease       
 liabilities |

The carrying amounts of lease liabilities as of April 30, 2024 and October 31, 2024 are SGD528,585 and SGD518,091 respectively. The movements during the six months ended October 31, 2023 and 2024 are disclosed in unaudited interim condensed consolidated statements of cash flows.

At the end of the financial period, the Group’s leasehold property loan is secured by mortgage over the Group’s leasehold property (Note 4).

Details of the lease liabilities are as follows:

| Type          
 April         
 30, 2024      |     | Principal amount |     | Maturities |     | Interest rate                      |     | Current 
     SGD |     | Non-current 
         SGD |     |   Total 
     SGD |     |   Total 
     USD |
|:--------------|:----|:-----------------|:----|:-----------|:----|:-----------------------------------|:----|--------:|:----|------------:|:----|--------:|:----|--------:|
| Property loan |     | SGD612,000       |     | August     
 2044       |     | At the bank’s prevailing CPL Board 
 Rate with monthly rests            |     |  20,833 |     |     507,752 |     | 528,585 |     | 399,535 |

| Type          
 October       
 31, 2024      |     | Principal amount |     | Maturities |