Icon Energy Limited Annual Report 2017

ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2017 30 June 2017 30 June 2016 Current $ $ Held to maturity financial assets: Term deposit - investment - 14,500,000 - 14,500,000 981,667 949,958 (852,157) (819,626) 129,510 130,332 2,172,934 2,172,934 (378,443) (332,431) 1,794,491 1,840,503 1,104,719 1,104,719 (533,269) (477,573) 571,450 627,146 2,440,000 2,440,000 4,935,451 5,037,981 Plant, Equipment and Motor Vehicles Building Fixtures and Fittings Land Total $ $ $ $ $ 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 5,037,981 130,332 1,840,503 627,146 2,440,000 5,037,981 52,169 - - - 52,169 (4,160) (4,160) (48,831) (46,012) (55,696) - (150,539) 129,510 1,794,491 571,450 2,440,000 4,935,451 Depreciation Balance at 30 June 2016 Balance at 30 June 2017 NOTE 7 - PROPERTY, PLANT AND EQUIPMENT NOTE 6 - FINANCIAL ASSETS less: accumulated depreciation less: accumulated depreciation Land at cost Additions Balance at 1 July 2016 Depreciation Additions Fixtures and Fittings - at cost less: accumulated depreciation 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: Disposals Movements in carrying amounts Balance at 1 July 2015 CONSOLIDATED ENTITY Consolidated Entity NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Building - at cost Plant, Equipment and Motor Vehicles - at cost NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2017 FINANCIAL REPORT 46 ICON ENERGY ANNUAL REPORT 2017