Icon Energy Annual Report 2024 27 Consolidated Statement of Cash Flows for the year ended 30 June 2024 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2024 NOTES 30 June 2024 30 June 2023 $ $ Inflows Inflows (Outflows) (Outflows) CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from customers 120,000 4,268 Cash payments to suppliers and employees (807,487) (1,124,202) Interest received 42,220 35,409 Tenement expenditure (195,827) (415,997) Interest expense (208,825) (1,226) Net cash used in operating activities 13 (1,049,919) (1,501,747) CASH FLOWS FROM INVESTMENT ACTIVITIES Redemption of financial assets 21,450 - Payments for property, plant & equipment (3,717) - Net cash used in investment activities 17,733 - CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of share capital - 662,184 Capital raising costs - (3,639) Repayments of lease liabilities 7 - (41,315) Proceeds from borrowings 4d - 520,000 Net cash from financing activities - 1,137,230 Net increase/(decrease) in cash and cash equivalents held (1,032,186) (364,517) Cash and cash equivalents at beginning of the financial year 1,480,933 1,845,450 Cash and cash equivalents at the end of the financial year 5 448,747 1,480,933 The accompanying notes form part of these financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS
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