Icon Energy Annual Report 2024 11 AUDIT AND NON-AUDIT SERVICES Details of the amounts paid or payable to the auditor (William Buck (Qld)) for audit and non-audit services during the year are disclosed in note 2 of the financial statements. Icon Energy may decide to employ the external auditor on assignments additional to their statutory audit duties where the auditor’s expertise and experience with the group are important. The Board has considered the position and is satisfied that the provision of the non-audit services is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The directors are satisfied that the provision of non-audit services by the auditor did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons: − all non-audit services have been reviewed by the Board to ensure they do not impact the impartiality and objectivity of the auditor, and − none of the services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants (including Independence Standards). There are no officers of the Company who are former audit partners of William Buck (Qld). EVENTS AFTER THE BALANCE DATE On 30 August 2024, the Company applied for a Petroleum Lease over the entire area of ATP 855 due to an amendment to the Regional Planning Interests Regulations 2014 (RPI Regulations) made on 2 August 2024. Otherwise, there has not arisen in the interval between 30 June 2024 and up to date of this report, any item, transaction, or event of a material or unusual nature likely, in the opinion of the Directors, to affect substantially the operations or state of affairs of the Group in subsequent financial years. LEAD AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 The lead auditor’s independence declaration is set out on page 18 and forms part of the Directors’ Report for the period ended 30 June 2024. William Buck (Qld) continues in office in accordance with Section 327 of the Corporations Act 2001. Signed in accordance with a resolution of the Board of Directors of Icon Energy Limited. R S James J R Marvin Chairman Managing Director 27 September 2024 27 September 2024
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