Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 165

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 165
---
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost of sales include the following:                                                                                                                                      
  Subcontractors’ charges                                                 13,943,481                          11,248,967                          7,184,250      5,503,486  
  Employee benefits expense                                                                                                                                                 
  - Salaries and related costs                                             1,194,115                           1,468,350                          1,755,522      1,344,815  
  Administrative expenses include the following:                                                                                                                            
  Employee benefits expense                                                                                                                                                 
  - Salaries and related costs                                               855,265                             646,290                          1,014,897        777,461  
  - Defined contribution plan                                                142,569                             143,425                            187,915        143,952  
  - Staff welfare                                                             28,729                              35,675                             53,550         41,022  
  Legal and professional fees                                                 52,897                             101,608                            529,059        405,285  
  Administrative expenses                                                  1,079,460                             926,998                          1,785,421      1,367,720  

21. Income tax expense/(benefit)

Caymans
Islands

The
Company is incorporated in the Cayman Islands and is not subject to tax on income or capital gains under current Cayman Islands law.

Singapore

BNL
Engineering Private Limited and Herlin Pte. Ltd. are subject to Singapore corporate tax on the taxable income as reported in its statutory
financial statements adjusted in accordance with relevant Singapore tax laws. The standard corporate income tax rate in Singapore is 17

The
major components of income tax expense /(benefit)

Schedule
of components of income tax expense recognized in profit or loss

                                                         April 30, 2023                    April 30, 2024                    April 30, 2025                              
                                                         SGD                               SGD                               SGD                                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current income tax expense/(benefit)                                                                                                                                   
  Current year’s provision                                                     28,036                            33,361                            19,145        14,666  
  Under/(Over) provision in prior financial year                               28,091                                 -                          ( 26,072      ( 19,972