Page 34 - Icon Energy 2014 Annual Report

DIRECTOR’S REPORT
EVENTS AFTER THE BALANCE DATE
Other than the above transactions there has not arisen in the interval between 30 June 2014 and the 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 consolidated entity in subsequent financial years unless otherwise noted in the
Annual Report.
CORPORATE STRATEGIES AND FUTURE DEVELOPMENTS
Reference to corporate strategies and future development is included in the Chairman’s and Managing Director’s Report.
Other than matters included in this Report or elsewhere in the Annual Report, likely developments in the operations of
the consolidated entity and expected results of those operations have not been disclosed as the Directors believe that
the inclusion would most likely result in unreasonable prejudice to the Company (in accordance with Section 299A(3) of
the Corporations Act 2001.
FINANCIAL POSITION
The net profit after tax for the Company and its controlled entities for the financial year ended 30 June 2014 was
$1,577,590 (30 June 2013: net profit after tax of $3,720,392). Further information on the Company’s financial position is
included in the Chairman’s and Managing Director’s Report.
DIVIDENDS
The Directors recommend that no dividend be paid by the Company. No dividends have been declared or paid by the
Company since the end of the previous financial year (30 June 2013: Nil).
REMUNERATION REPORT
The Remuneration Report for the financial period which forms part of the Director’s Report can be found on page 37 of
this Annual Report.
COMPANY SECRETARY
The Company Secretary is Ross Mallett. He was appointed Legal Counsel and Company Secretary on 13 March 2012.
Details of Mr Mallett’s qualifications and experience are set out in the Operational Management section of this Annual
Report.
MEETINGS OF DIRECTORS
During the financial period, twenty-two meetings of Directors (including committees) were held. Attendances at these
meetings by each Director were as follows:
Remuneration
Nominations and
Succession Committee
Meetings
Held
9
9
9
9
9
9
Directors Meetings
Attended
9
9
9
9
9
9
Held
-
9
9
-
-
-
Audit and Risk
Management
Committee Meetings
Held
-
4
4
4
-
-
Attended
-
4
4
4
-
-
Attended
-
9
9
-
-
-
R S James
S M Barry
D Murphy
K Hilless
H Lu
K Jih
34 ICON ENERGY LIMITED 2014 Annual Report ABN 61 058 454 569