Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 201

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 201
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IAL STATEMENTS</div>

| 11. | Borrowings  
 (Continued) |

Lease liabilities(Continued)

| (b) | Lease                   
 liabilities (Continued) |

Details of the lease liabilities are as follows: (Continued)

| Type           
 April 30, 2024 |     | Principal amount |     | Maturities  |     | Interest rate                                              |     | Current |     | Non-current |     |   Total |     |   Total |
|:---------------|:----|:-----------------|:----|:------------|:----|:-----------------------------------------------------------|:----|--------:|:----|------------:|:----|--------:|:----|--------:|
|                |     |                  |     |             |     |                                                            |     |     SGD |     |         SGD |     |     SGD |     |     USD |
| Property loan  |     | SGD612,000       |     | August 2044 |     | At the bank’s prevailing CPL Board Rate with monthly rests |     |  20,833 |     |     507,752 |     | 528,585 |     | 387,639 |

| (c) | Amounts                                         
 relating to leases recognized in profit or loss |

|                                                                             |     |    April 
 30, 2023 |     |    April 
 30, 2024 |     |    April 
 30, 2024 |
|:----------------------------------------------------------------------------|:----|---------:|:----|---------:|:----|---------:|
|                                                                             |     |      SGD |     |      SGD |     |      USD |
| Expense relating to short-term leases (included in administrative expenses) |     |   29,806 |     |   26,320 |     |   19,302 |
| Depreciation of leasehold property and motor vehicles                       |     |   38,286 |     |   38,286 |     |   28,077 |
| Interest expense on lease liabilities                                       |     |   19,571 |     |   15,470 |     |   11,345 |
|                                                                             |     |   87,663 |     |   80,076 |     |   58,724 |

| (d) | Total         
 cash outflows |

For the years ended April 30, 2023 and 2024, the Group had total cash outflows