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)

Intangible fixed assets

Intangible fixed assets

12 Months Ended

Sep. 30, 2021

11. Intangible fixed assets


		Development
		Costs
		$
Cost
At 1 January 2019		441,856
Additions		3,616,538
Foreign exchange on translation		(11,256)
At 30 September 2019		4,047,138
Additions		4,554,397
Foreign exchange on translation		184,995
At 30 September 2020		8,776,530
Additions		9,082,456
Foreign exchange on translation		376,048
At 30 September 2021		18,235,034
Amortisation
At 1 January 2019		—
Charge		—
At 30 September 2019		—
Charge		—
At 30 September 2020		—
Charge		—
At 30 September 2021		—
Net Book Value
At 30 September 2021		18,235,034
At 30 September 2020		8,776,530
At 30 September 2019		4,047,138

The Group’s intangible assets under development are internally generated and the Group has not yet begun amortisation of these finite useful economic life assets. The Group will begin amortisation when the intangible assets are available for use.