Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 273

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 273
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83 |

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

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

| 24. | Financial                   
 risk management (Continued) |

Foreign currency risk (Continued)

At the end of each reporting year/period, the Group’s exposure to foreign currency risk is as follows:

|                                |     |       April 
 30,    2024 |     |     October 
 31,    2024 |     |     October 
 31,    2024 |
|:-------------------------------|:----|------------:|:----|------------:|:----|------------:|
|                                |     |         SGD |     |         SGD |     |         USD |
| Financial                      
 assets                         |     |             |     |             |     |             |
| Financial assets at fair value 
 through profit or loss         |     |     439,817 |     |     434,897 |     |     328,720 |
| Cash and cash equivalents      |     |       8,861 |     |      12,011 |     |       9,079 |
|                                |     |     448,678 |     |     446,908 |     |     337,799 |
| Financial                      
 liabilities                    |     |             |     |             |     |             |
| Borrowings                     |     |     377,044 |     |     362,041 |     |     273,652 |
|                                |     |     377,044 |     |     362,041 |     |     273,652 |
| Net exposure                   |     |      71,634 |     |      84,867 |     |      64,147 |

A 1% (April 30, 2024: 1%) strengthening/weakening of Singapore Dollar against the foreign currency denominated balances as at the end of the reporting year/period would increase/(decrease) profit or loss by the amounts shown below. This analysis assumes that all other variables remain constant.

|                 |     | Profit  
 or loss |       April 
 30,    2024 |   |     |     October 
 31,    2024 |   |     |     October 
 31,    2024 |   |
|:----------------|:----|:--------