Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 218

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 218
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000 to its subsidiary, Elec for a total consideration of USD1. As a result, the difference of SGD999,999 is recognized in merger reserve.

Foreign currency translation reserve

Foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency.

Other reserve

Other reserve represents any difference between the change in the carrying amounts of the non-controlling interest
and the fair value of the consideration paid or received is recognized within equity attributable to the equity holders of the Company.

| F-27 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 11. | Borrowings |

|                          |     |     April 
  30, 2023 |     |     April 
  30, 2024 |     |     April 
  30, 2024 |
|:-------------------------|:----|----------:|:----|----------:|:----|----------:|
|                          |     |       SGD |     |       SGD |     |       USD |
| Borrowings:              |     |           |     |           |     |           |
| Bank borrowings, secured |     |   835,878 |     | 1,119,444 |     |   820,948 |
| Lease liabilities        |     |   545,021 |     |   528,585 |     |   387,639 |
|                          |     | 1,380,899 |     | 1,648,029 |     | 1,208,587 |
| Current                  |     |   347,197 |     |   442,582 |     |   324,569 |
| Non-current              |     | 1,033,702 |     | 1,205,447 |     |   884,018 |
|                          |     | 1,380,899 |     | 1,648,029 |     | 1,208,587 |

Bank borrowings comprised of the following:

| Type                   
 April 30, 2023         |     | Principal    
 amount       |     | Maturities    |     | Interest                                                                                
 rate                                                                                    |     | Current |     | Non-current |     |   Total |     |   Total |
|:-----------------------|:----|: