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)

Trade and other receivables

Trade and other receivables

12 Months Ended

Sep. 30, 2021

13. Trade and other receivables


	2021	2020	2019
	$	$	$
Current assets
Trade debtors	56,591	—	—
Other debtors	856,591	151,895	883,522
Prepayments and accrued income	2,379,128	128,695	13,903
Total	3,292,310	280,590	897,425

The directors consider that the carrying amount of financial assets recorded at amortised costs in the financial statements approximate their fair value.

The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above.


	2021	2020	2019
	$	$	$
Non-current Assets
Prepayments	5,000,000	—	—

Total	5,000,000	—	—

Non-current prepayments comprise the payment of a non-refundable deposit towards the cost of the first satellite launch service, which is expected to be more than one year from the accounting reference date.