Notes to the Consolidated Financial Statements for the year ended 30 June 2023 52 Icon Energy Annual Report 2023 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2023 $ $ 754,769,990 103,557,191 597,606,938 101,985,050 13,243,677 662,184 157,163,052 1,572,141 768,013,667 104,219,374 754,769,990 103,557,191 b. Options Number of options $ Number of options $ 97,137,552 4,856,878 - - - - 97,150,302 4,857,515 - - (6,750) (338) - - (1,000) (50) - - (5,000) (250) (13,243,677) (662,184) - - (83,893,875) (4,194,694) - - - - 97,137,552 4,856,878 NOTE 12 - SHARE BASED PAYMENTS 30 June 2023 30 June 2022 $ $ (a) (5,537,787) (1,468,076) (5,537,787) (1,468,076) (5,537,787) (1,468,076) (b) 765,509,128 688,063,561 - 45,242,531 765,509,128 733,306,092 (0.72) (0.21) NOTE 13 - EARNINGS PER SHARE Balance at beginning of the year Shares issued during the period Balance at the end of the year 30 June 2023 30 June 2022 Number of shares Number of shares Reconciliation of Earnings to Net Loss: In September 2022, a total of 13,243,677 listed options were exercised rasing a total of $662,184. During the year ended 30 June 2023 no options were issued (30 June 2022: 97,150,302). The Consolidated Entity has no options on issue at the end of 30 June 2023. Balance at beginning of the year Issue of listed options - January 2022 There were no share based payment during the year ended 30 June 2023 and 30 June 2022. NOTE 11 - ISSUED CAPITAL (Continued) Adjustment for calculation of diluted earnings per share Net Loss for the year NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Basic and diluted loss per share (cents per share) Weighted average number of ordinary shares outstanding during the year used in the calculation of basic EPS. Earnings used in the calculation of basic EPS Weighted average number of ordinary shares outstanding during the year used in the calculation of diluted EPS. Earnings used in the calculation of diluted EPS Exercise of listed options - Februry 2022 Exercise of listed options - March 2022 Exercise of listed options - June 2022 Exercise of listed options - September 2022 Expiry of listed options - September 2022 The holders of ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at shareholders’ meetings. The Consolidated Entity did not pay a dividend during the year ended 30 June 2023, nor has any dividend been proposed up to the reporting date (30 June 2022: nil). In the event of winding up the Company, all shareholders participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. 30 June 2023 30 June 2022 CONSOLIDATED ENTITY
RkJQdWJsaXNoZXIy MjE2NDg3