50
ICON ENERGY LIMITED
2015 Annual Report ABN 61 058 454 569
CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2015
50
FOR THE YEAR ENDED 30 JUNE 2015
Restated
NOTES
30 June 2015 30 June 2014
$
$
24
-
4,897,215
Interest Income
599,743
1,045,484
Other income
7,957
28,609
Administration expenses
(3,555,899)
(3,541,466)
Depreciation expense
(308,409)
(305,232)
Employee benefits and expenses
(2,551,149)
(3,138,198)
Occupancy expenses
(39,309)
(40,005)
Profit/(Loss) on sale of property, plant and equipment
19,732
(33,753)
Impairment expense
(9,657)
(92,097)
Reversal of excess provision
10
-
217,778
Finance costs
(26,556)
(55,889)
Profit/(Loss) before income tax
(5,863,547)
(1,017,551)
Income tax expense
2
-
-
Net Profit/(Loss) for the year from continuing operations
(5,863,547)
(1,017,551)
Other comprehensive income
Items that will be reclassified to profit and loss
3,338
(257)
Other comprehensive income/(loss) for the year, net of tax
3,338
(257)
Total comprehensive income/(loss) for the year
24
(5,860,209)
(1,017,809)
Net Profit/(Loss) for the year attributable to:
Owners of the parent entity
(5,863,547)
(1,017,551)
Non-controlling interests
-
-
Net Profit/(Loss) for the year
(5,863,547)
(1,017,551)
Total comprehensive income/(loss) for the year attributable to:
Owners of the parent entity
(5,860,209)
(1,017,809)
Non-controlling interests
-
-
Total comprehensive income/(loss) for the year
(5,860,209)
(1,017,809)
Earnings per share
14
(0.95)
(0.17)
14
(0.95)
(0.17)
The accompanying notes form part of these financial statements.
Income from research and development claim
Continuing operations
From continuing operations
Exchange differences arising on translation of
foreign operations
Basic earnings/(loss) per share (cents per
share)
ONSOLID TED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
Diluted earnings/(loss) per share (cents per
share)
ICON ENERGY LIMI
AND I S CO R LLED ENTITIES
FOR THE YEAR ENDED 30 JUNE 2015
Restated
NOTES
30 June 2015 30 June 2014
$
$
24
-
4,897,215
Interest Income
599,743
1,045,484
Other income
7,957
28,609
Administration expenses
(3,555,899)
(3,541,466)
Depreciation expense
(308,409)
(305,232)
Employee benefits and expenses
(2,551,149)
(3,138,198)
Occupancy expenses
(39,309)
(40,005)
it/( os ) on sale of pr p r y, plant and equipment
19 732
(33 7 3
mpairment
(9,657)
(92,097)
R versal of excess provision
10
-
2 778
Finance costs
(26,556)
(55,889)
Profit/(Loss) before income tax
(5,863,547)
(1,017,551)
Income tax expense
2
-
-
Net Profit/(Loss) for the year from continuing operations
(5,863,547)
(1,017,551)
Other comprehensive income
Items that will be reclassified to profit and loss
3,338
(257)
Other comprehensive income/(loss) for the year, net of tax
3,338
(257)
Total comprehensive income/(loss) for the year
24
(5,860,209)
(1,017,809)
Net Profit/(Loss) for the year attributable to:
Owners of the parent entity
(5,863,547)
(1,017,551)
Non-controlling interests
-
-
Net Profit/(Loss) for the year
(5,863,547)
(1,017,551)
Total comprehensive income/(loss) for the year attributable to:
Owners of the parent entity
(5,860,209)
(1,017,809)
Non-controlling interests
-
-
Total comprehensive income/(loss) for the year
(5,860,209)
(1,017,809)
Earnings per share
14
(0.95)
(0.17)
14
(0.95)
(0.17)
The accompanying notes form part of these financial statements.
Income from research and development claim
Continuing operations
From continuing operations
Exchange differences arising on translation of
foreign operations
Basic earnings/(loss) per share (cents per
share)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
Diluted earnings/(loss) per share (cents per
share)
26 5
5
9
