v3.26.3
Fair value of assets and liabilities
 12 Months Ended
Apr. 30, 2026
Fair Value Of Assets And Liabilities  
Fair value of assets and liabilities
26. Fair value of assets and liabilities

 

Fair value hierarchy

 

The Group categorizes fair value measurements using a fair value hierarchy that is dependent on the valuation inputs used as follows:

 

  ● Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access at the measurement date,
     
  ● Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, and
     
  ● Level 3 – Unobservable inputs for the asset or liability.

 

Fair value measurements that use inputs of different hierarchy levels are categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

 

Fair value of financial instruments carried at fair value

 

The following table shows an analysis of each class of assets measured at fair value at the reporting date:

 

 

   (Level 1)   (Level 2)   (Level 3)   Total   Total 
   Fair value measurement at the reporting date using 
   Quoted prices in active markets for identical instruments   Significant observant inputs other than quoted prices   Significant unobservable inputs         
   (Level 1)   (Level 2)   (Level 3)   Total   Total 
   SGD   SGD   SGD   SGD   USD 
April 30, 2026                         
Financial assets:                         
At fair value through profit or loss   -    -    450,603    450,603    353,747 
                          
April 30, 2025                         
Financial assets:                         
At fair value through profit or loss   -    -    440,888    440,888    346,120 

 

The Group has no financial instruments under Level 1 and Level 2 in both financial years. The fair value of the keyman life insurance included unobservable inputs that are not developed by the Group. The fair value of the financial instruments is determined using the annual statement of value of the insurance policy provided by insurer without adjustment. There have been no changes in the valuation techniques during the financial year.

 

Assets and liabilities not measured at fair value

 

The carrying amount of the current financial assets and current financial liabilities that are not carried at fair value approximate their respective fair value as at the end of the reporting year due to the relatively short-term maturity of these financial instruments.

 

The fair value of non-current financial liabilities that is not carried at fair value in relation to borrowings as disclosed in Note 13 to the financial statements approximate its fair value as the borrowings are subject to interest rates close to market rate of interest for similar arrangements and frequent re-pricing by the financial institutions.

 

 

MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS