Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 278

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 278
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| 20. | Cost                                 
 of sales and administrative expenses |

|                                                |     | Six                      
 months ended October 31, |           |     |           |     |           |
|                                                |     |                          |      2023 |     |      2024 |     |      2024 |
|                                                |     |                          |       SGD |     |       SGD |     |       USD |
| Cost of sales include the following:           |     |                          |           |     |           |     |           |
| Subcontractors’ charges                        |     |                          | 7,491,146 |     | 3,474,070 |     | 2,625,903 |
| Employee benefits expense                      |     |                          |           |     |           |     |           |
| - Salaries and related costs                   |     |                          |   556,668 |     |   756,372 |     |   571,710 |
| Administrative expenses include the following: |     |                          |           |     |           |     |           |
| Employee benefits expense                      |     |                          |           |     |           |     |           |
| - Salaries and related costs                   |     |                          |   403,788 |     |   449,588 |     |   339,825 |
| - Defined contribution plan                    |     |                          |    58,809 |     |    59,374 |     |    44,878 |
| - Staff welfare                                |     |                          |    13,761 |     |    26,311 |     |    19,887 |
|                                                |     |                          |   476,358 |     |   535,273 |     |   404,590 |

| 21. | Income      
 tax expense |

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 recognized in profit or loss for the six months ended October 31, 2023 and 2024 were:

|                                                   |     | Six                      
 months ended October 31, |