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

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

Equity accounted investees

Equity accounted investees

12 Months Ended

Sep. 30, 2022

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.