Icon Energy Limited Annual Report 2016

ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2016 30 June 2016 30 June 2015 Current $ $ Held to maturity financial assets: Term deposit - investment 14,500,000 5,000,000 14,500,000 5,000,000 949,958 916,445 (819,626) (771,338) 130,332 145,107 2,172,934 2,172,934 (332,431) (285,238) 1,840,503 1,887,696 1,104,719 1,086,103 (477,573) (429,063) 627,146 657,040 2,440,000 2,440,000 5,037,981 5,129,843 Plant, Equipment and Motor Vehicles Building Fixture and Fittings Land Total $ $ $ $ $ 216,978 1,936,098 641,530 2,440,000 5,234,606 16,760 - 95,025 - 111,785 (27,068) - (9,657) - (36,725) (61,563) (48,402) (69,858) - (179,823) 145,107 1,887,696 657,040 2,440,000 5,129,843 145,107 1,887,696 657,040 2,440,000 5,129,843 33,513 - 18,616 - 52,128 (48,288) (47,192) (48,510) - (143,990) 130,332 1,840,503 627,146 2,440,000 5,037,981 Balance at 1 July 2015 Consolidated Entity NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Building - at cost Total Property, Plant and Equipment at written down value Movements in the carrying amounts for each class of Property, Plant and Equipment between the beginning and the end of the current financial year: Movements in carrying amounts Balance at 1 July 2014 CONSOLIDATED ENTITY Plant, Equipment and Motor Vehicles - at cost less: accumulated depreciation less: accumulated depreciation Land at cost NOTE 8 - PROPERTY, PLANT AND EQUIPMENT NOTE 7 - FINANCIAL ASSETS Additions Disposals Balance at 30 June 2016 Depreciation Depreciation Additions Balance at 30 June 2015 Fixtures and Fittings - at cost less: accumulated depreciation NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2016 FINANCIAL REPORT 46 ICON ENERGY ANNUAL REPORT 2016