Icon Energy Annual Report 2019

Consolidated Statement of Financial Position as at 30 June 2019 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES AS AT 30 JUNE 2019 NOTES 30 June 2019 30 June 2018 $ $ CURRENT ASSETS Cash and cash equivalents 5 8,834,705 12,266,962 Trade and other receivables 16,855 42,068 Inventories 6 516,820 2,969,365 TOTAL CURRENT ASSETS 9,368,380 15,278,395 NON-CURRENT ASSETS 7 72,334 89,874 Exploration and evaluation expenditure 8 7,561,157 32,861,255 Performance guarantee bonds 904,129 904,129 8,537,620 33,855,258 TOTAL ASSETS 17,906,000 49,133,653 CURRENT LIABILITIES Trade and other payables 140,791 151,510 Employee benefits 527,952 591,969 Provisions 9 5,557,429 - 6,226,172 743,479 NON-CURRENT LIABILITIES Employee benefits 35,420 77,572 Provisions 9 - 5,308,867 35,420 5,386,439 TOTAL LIABILITIES 6,261,592 6,129,918 NET ASSETS 11,644,408 43,003,735 EQUITY Issued capital 10 101,984,750 101,984,750 Reserves 12 - 307 Accumulated losses (90,340,342) (58,981,322) TOTAL EQUITY 11,644,408 43,003,735 The accompanying notes form part of these financial statements. Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL NON-CURRENT LIABILITIES TOTAL CURRENT LIABILITIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION 46 42 Icon Energy Annual Report 2019

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