Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Equity accounted investees

v3.22.2.2
Equity accounted investees
12 Months Ended
Sep. 30, 2022
Equity accounted investees  
Equity accounted investees

12.    Equity accounted investees

    

Investment in

    

Joint Venture

 

$'000

Cost

 

  

At 1 October 2019

 

Additions

 

32

At 30 September 2020

 

32

Additions

 

Foreign exchange on translation

2

At 30 September 2021

34

Additions

Foreign exchange on translation

(6)

At 30 September 2022

 

28

Joint venture

Quantum Keep Limited is a joint venture of Arqit Limited, which is a 100% owned subsidiary of Arqit Quantum Inc.. The registered office is One Fleet Place, London, England, EC4M 7WS. Arqit Ltd jointly holds 50% of shares for the entity. The nature of Quantum Keep Limited’s activities is that of business and domestic software development. Quantum Keep Ltd is a separate vehicle and the Group has a residual interest  in Quantum Keep Ltd as a JV.

Quantum Keep Limited was incorporated on 12 August 2020 with Arqit Ltd. taking a 50% investment in incorporation.

Quantum Keep Limited has no activity relating to continuing or discontinued operations within the year. There was no total comprehensive income.