Icon Energy Limited Annual Report 2022

Consolidated Statement of Financial Position as at 30 June 2022 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES AS AT 30 JUNE 2022 NOTES 30 June 2022 30 June 2021 $ $ CURRENT ASSETS Cash and cash equivalents 5 1,845,450 1,581,687 Trade and other receivables 2,118 22,806 Prepayments 80,483 56,784 TOTAL CURRENT ASSETS 1,928,051 1,661,277 NON-CURRENT ASSETS 19,689 20,985 Exploration and evaluation expenditure 7 4,296,230 3,910,950 Performance guarantee bonds 756,220 756,220 Right-of-use asset 8 37,905 118,905 5,110,044 4,807,060 TOTAL ASSETS 7,038,095 6,468,337 CURRENT LIABILITIES Trade and other payables 96,501 138,680 Employee benefits 87,235 76,604 Lease liabilities 8 41,315 75,973 225,051 291,257 NON-CURRENT LIABILITIES Lease liabilities 8 - 47,497 Provisions 9 5,031,976 4,353,713 5,031,976 4,401,210 TOTAL LIABILITIES 5,257,027 4,692,467 NET ASSETS 1,781,068 1,775,870 EQUITY Issued capital 10 103,458,324 101,985,050 Accumulated losses (101,677,256) (100,209,180) TOTAL EQUITY 1,781,068 1,775,870 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 38 Icon Energy Annual Report 2022

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