| Significant related party transactions and balances |
22. Significant related party transactions and balances
In
addition to the related party information disclosed elsewhere in the financial statements, the following were significant related party
transactions at rates and terms agreed between the Group and the related parties during the year:
Transaction
with related parties
Schedule
of transaction
with related parties
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Director | |
| | | |
| | | |
| | | |
| | |
| Advance from/Payment on behalf | |
| (712,503 | ) | |
| (91,741 | ) | |
| (818,707 | ) | |
| (627,169 | ) |
| Repayment to | |
| 386,644 | | |
| 50,150 | | |
| 346,597 | | |
| 265,510 | |
| | |
| | | |
| | | |
| | | |
| | |
| Subsidiary | |
| | | |
| | | |
| | | |
| | |
| Revenue from electrical works and installation services | |
| 105,408 | | |
| 4,146,774 | | |
| 1,067,593 | | |
| 817,828 | |
| Subcontractors’ costs | |
| (634,441 | ) | |
| (3,617,741 | ) | |
| (1,005,000) | | |
| (769,879 | ) |
| Purchases | |
| 3,550 | | |
| 2,230 | | |
| - | | |
| - | |
| Rental charged | |
| - | | |
| 4,000 | | |
| 12,000 | | |
| 9,193 | |
Balances
with related parties
Schedule
of balances
with related parties
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Non-trade receivables | |
| | | |
| | | |
| | | |
| | |
| Shareholders(1) | |
| 83,538 | | |
| 85,443 | | |
| 81,796 | | |
| 62,660 | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-trade payables | |
| | | |
| | | |
| | | |
| | |
| Director(2) | |
| 14,308 | | |
| 55,899 | | |
| 528,012 | | |
| 404,483 | |
| Dividends payable(2) | |
| - | | |
| - | | |
| 600,000 | | |
| 459,629 | |
| (1) | | Other receivable
from shareholders is non-trade in nature, unsecured, non-interest bearing and repayable on demand. |
| (2) | | The amount due
to a director is non-trade in nature, unsecured, non-interest bearing and repayable on demand. |
Compensation
of key management personnel
Key
management personnel are those persons having the authority and responsibility for planning, directing and controlling the activities
of the Group, directly or indirectly, including any directors (whether executive or otherwise) of the Group.
Schedule
of compensation of key management personnel
| | |
April 30, 2023 | | |
April 30, 2024 | | |
April 30, 2025 | | |
April 30, 2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Salaries and related costs | |
| 268,132 | | |
| 188,132 | | |
| 167,000 | | |
| 127,930 | |
| Defined contribution plan | |
| 35,700 | | |
| 27,336 | | |
| 26,282 | | |
| 20,133 | |
| key management personnel | |
| 303,832 | | |
| 215,468 | | |
| 193,282 | | |
| 148,063 | |
MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
|