| Trade and other receivables |
7. Trade and other receivables
Schedule
of trade and other receivables
| | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
USD | |
| Trade receivables | |
| | | |
| | | |
| | |
| - third parties | |
| 1,484,757 | | |
| 996,732 | | |
| 763,544 | |
| Less: Allowance for expected credit losses | |
| (59,582 | ) | |
| (49,855 | ) | |
| (38,191 | ) |
| Trade receivables | |
| 1,425,175 | | |
| 946,877 | | |
| 725,353 | |
| Other receivables | |
| | | |
| | | |
| | |
| - shareholders | |
| 85,443 | | |
| 81,796 | | |
| 62,660 | |
| - third parties | |
| 418,862 | | |
| 448,261 | | |
| 343,390 | |
| Less: Allowance for expected credit losses | |
| (398,607 | ) | |
| (398,607 | ) | |
| (305,352 | ) |
| Deposits | |
| 227,851 | | |
| 211,404 | | |
| 161,945 | |
| Prepayments | |
| 31,660 | | |
| 167,865 | | |
| 128,594 | |
| Other receivables | |
| 365,209 | | |
| 510,719 | | |
| 391,237 | |
| | |
| | | |
| | | |
| | |
| Total trade and other receivables | |
| 1,790,384 | | |
| 1,457,596 | | |
| 1,116,590 | |
MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
| 7. |
Trade
and other receivables (Continued) |
Trade
receivables are unsecured, non-interest bearing and are generally settled within 35 days (2024: 35 days) credit terms.
Other
receivables from shareholders represent proceeds from issuance of share capital of the Company as disclosed in Note 1. The amounts are non-trade in nature, unsecured, non-interest bearing and repayable
on demand.
The
movement in allowance for expected credit losses of trade and other receivables computed based on lifetime ECL is as follows:
Schedule
of allowance for credit losses for trade and other receivables
| | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
USD | |
| Trade receivables | |
| | | |
| | | |
| | |
| At beginning of financial year | |
| 50,748 | | |
| 59,582 | | |
| 45,642 | |
| Addition/(Reversal) | |
| 8,834 | | |
| (9,727 | ) | |
| (7,451 | ) |
| At end of financial year | |
| 59,582 | | |
| 49,855 | | |
| 38,191 | |
| | |
| | | |
| | | |
| | |
| Other receivables | |
| | | |
| | | |
| | |
| At beginning of financial year | |
| 318,886 | | |
| 398,607 | | |
| 305,352 | |
| Addition | |
| 79,721 | | |
| - | | |
| - | |
| At end of financial year | |
| 398,607 | | |
| 398,607 | | |
| 305,352 | |
|