Icon Energy Annual Report 2019

Notes to the Consolidated Financial Statements for the year ended 30 June 2019 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2019 Consolidated Entity Weighted Average Interest Rate % Within 1 year $ 1 to 5 years $ 30 June 2019 NOTE Financial assets Cash and cash equivalents 5 1.89% 8,834,086 - - 619 8,834,705 Trade and other receivables - - - - 16,855 16,855 Performance guarantee bonds 1.95% 716,698 - - 187,431 904,129 9,550,784 - - 204,905 9,755,689 Financial liabilities Trade and other payables - - - - 140,791 140,791 - - - 140,791 140,791 30 June 2018 NOTE Financial assets Cash and cash equivalents 5 2.14% 12,266,856 - - 106 12,266,962 Trade and other receivables - - - - 42,068 42,068 Performance guarantee bonds 2.25% 716,698 - - 187,431 904,129 12,983,554 - - 229,605 13,213,159 Financial liabilities Trade and other payables - - - - 151,510 151,510 - - - 151,510 151,510 Cash flow sensitivity analysis for variable rate instruments Fixed Interest Rate Maturing The sensitivity analyses have been determined based on the exposure of the Consolidated Entity to variable interest rates for non-derivative financial instruments at the reporting date at the stipulated change taking place at the beginning of the financial year and held constant throughout the reporting period. A 0.5% increase or decrease is used when reporting interest rates internally to the board of directors and represents management’s assessment of the possible change in interest rates. Total Financial Liabilities Total Financial Liabilities Total Financial Assets NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Total Financial Assets NOTE 19 - FINANCIAL INSTRUMENTS (CONTINUED) The Consolidated Entity’s exposure to interest rate risk, which is the risk that a financial instrument’s value will fluctuate as a result of changes in market interest rates and the effective weighted average interest rates on those financial assets and financial liabilities, is as follows: Floating Interest $ Total $ Non interest bearing $ 58 54 Icon Energy Annual Report 2019