Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 269

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 269
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 - |     |                          - |
|                     |     |                       3,835,410 |     | (66,772 | ) |     |                  3,768,638 |     |                  2,848,554 |

| F-81 |

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

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

| 24. | Financial                   
 risk management (Continued) |

Credit risk(Continued)

| April 30, 2024      |     |                           Trade 
 receivables and contract assets 
                             SGD |     | ECL     
 SGD     |   |     |        Trade   receivables 
 and contract assets,   net 
                        SGD |     |        Trade   receivables 
 and contract assets,   net 
                        USD |
|:--------------------|:----|--------------------------------:|:----|:--------|:--|:----|---------------------------:|:----|---------------------------:|
| Not past due        |     |                       4,407,717 |     | (4,252  | ) |     |                  4,403,465 |     |                  3,328,393 |
| < 31 days           |     |                         411,649 |     | (26,995 | ) |     |                    384,654 |     |                    290,744 |
| 31 days to 60 days  |     |                          54,065 |     | (7,899  | ) |     |                     46,166 |     |                     34,895 |
| 61 days to 90 days  |     |                               - |     | -       |   |     |                          - |     |                          - |
| 91 days to 120 days |     |                               - |     | -       |   |     |                          - |     |                          - |
| >120 days           |     |                          33,447 |     | (23,739 | ) |     |                      9,708 |     |                      7,338 |
|                     |     |                       4,906,878 |     | (62,885 | ) |     |                  4,843,993 |     |                  3,661,370 |

Contract assets that are not past due make up majority of the receivables.