Icon Energy Limited Annual Report 2016

TABLE OF CONTENTS 2 Chairman’s Review 4 Icon Energy Tenements 5 Review of Operations 12 Sustainability Report 14 Corporate Governance Statement 22 Board of Directors 24 Management Team 26 Directors' Report 30 Remuneration Report – Audited 36 Auditor's Independence Declaration 37 Independent Auditor's Report 39 Directors' Declaration 40 Consolidated Statement of Profit or Loss and Other Comprehensive Income 41 Consolidated Statement of Financial Position 42 Consolidated Statement of Changes in Equity 43 Consolidated Statement of Cash Flows 44 Notes to the Consolidated Financial Statements 67 Additional Shareholder Information 68 Corporate Directory 1 ICON ENERGY ANNUAL REPORT 2016