Icon Energy Limited Annual Report 2017

CONTENTS 2 Chairman’s Letter 4 Icon Energy Tenements 5 Review of Operations 10 Sustainability Report 12 Corporate Governance Statement 20 Board of Directors 22 Management Team 23 Financial Report 24 Directors' Report 28 Remuneration Report – Audited 34 Auditor's Independence Declaration 35 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 68 Additional Shareholder Information 69 Corporate Directory TABLE OF CONTENTS Cover image: Terrex Seismic’s INOVA AVH-IV PLS364 62,000lb peak articulated buggy vibrator (Energy Source) at Harrier 3D Seismic Survey, ATP 594