Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 167

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 167
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 annual report on Form 20-F within 120 days of the end of each year. However, we intend to furnish the depositary with our annual reports, which will include a review of operations and annual audited consolidated financial statements prepared in conformity with IFRS, and all notices of shareholders’ meetings and other reports and communications that are made generally available to our shareholders.

| 138 |

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

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| Report of Independent Registered Public Accounting Firm                                                             
 Consolidated Statement of Financial Position as of April 30, 2023 and 2024                                          
 Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Years Ended April 30, 2023 and 2024 |     | Page 
 F-2  
 F-3  
 F-4  |
|:--------------------------------------------------------------------------------------------------------------------|:----|:-----|
| Consolidated Statement of Changes in Equity for the Years Ended April 30, 2023 and 2024                             |     | F-5  |
| Consolidated Statement of Cash Flows for the Years Ended April 30, 2023 and 2024                                    |     | F-6  |
| Notes to Consolidated Financial Statements                                                                          |     | F-8  |

| F-1 |

<div align='center'>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

| To: | The Board of Directors  
 and Stockholders of     |
|     | Magnitude International 
 Ltd                     |

Opinion on the Financial Statements

We have audited the accompanying consolidated statements of financial position of Magnitude International Ltd and its subsidiaries (the “Company”) as of April 30, 2023 and 2024, and the related consolidated statements of profit or loss and other comprehensive income, changes in equity, and cash flows for each of the years in the two-years period ended April 30, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of April 30, 2023 and 2024, and the results of its operations and its cash flows for each of the years in the two-years period ended April 30, 2024, in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Basis for Opinion