ABN 61 058 454 569
ICON ENERGY LIMITED
2015 Annual Report
51
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2015
51
AS AT 30 JUNE 2015
Restated
NOTES
30 June 2015 30 June 2014
$
$
CURRENT ASSETS
Cash and cash equivalents
4
8,748,520 7,605,461
Trade and other receivables
5
111,360
9,080,045
Financial assets
6
5,000,000 12,000,000
TOTAL CURRENT ASSETS
13,859,880 28,685,506
NON-CURRENT ASSETS
7
5,129,843 5,234,606
Exploration and evaluation expenditure
8
42,267,462 34,657,934
Performance guarantee bonds
199,950
198,877
47,597,255 40,091,418
TOTAL ASSETS
61,457,135 68,776,924
CURRENT LIABILITIES
Trade and other payables
9
776,665
1,471,170
Employee benefits
487,330
533,387
1,263,995 2,004,557
NON-CURRENT LIABILITIES
Employee benefits
118,561
116,340
Provisions
10
1,499,699 1,570,110
1,618,260 1,686,450
TOTAL LIABILITIES
2,882,255 3,691,007
NET ASSETS
58,574,880 65,085,917
EQUITY
Issued capital
11
102,346,082 102,724,971
Reserves
13
(1,632,736)
(1,364,134)
Accumulated losses
(42,138,466)
(36,274,920)
TOTAL EQUITY
58,574,880 65,085,917
The accompanying notes form part of these financial statements.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
TOTAL CURRENT LIABILITIES
Property, plant, and equipment
TOTAL NON-CURRENT ASSETS
TOTAL NON-CURRENT LIABILITIES
ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES
AS AT 30 JUNE 2015
Restated
NOTES
30 June 2015 30 June 2014
$
$
CURRENT ASSETS
Cash and cash equivalents
4
8,748,520 7,605,461
Trade and other receivables
5
111,360
9,080,045
Financial assets
6
5,000,000 12,000,000
TOTAL CURRENT ASSETS
13,859,880 28,685,506
NON-CURRENT ASSETS
7
5,129,843 5,234,606
Exploration and evaluation expenditure
8
42,267,462 34,657,934
Performance guarantee bonds
199,950
198,877
47,597,255 40,091,418
TOTAL ASSETS
61,457,135 68,776,924
CURRENT LIABILITIES
Trade and other payables
9
776,665
1,471,170
Employee benefits
487,330
533,387
1,263,995 2,004,557
NON-CURRENT LIABILITIES
Employee benefits
118,561
116,340
Provisions
10
1,499,699 1,570,110
1,618,260 1,686,450
TOTAL LIABILITIES
2,882,255 3,691,007
NET ASSETS
58,574,880 65,085,917
EQUITY
Issued capital
11
102,346,082 102,724,971
Reserves
13
(1,632,736)
(1,364,134)
Accumulated losses
(42,138,466)
(36,274,920)
TOTAL EQUITY
58,574,880 65,085,917
The accompanying notes form part of these financial statements.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
TOTAL CURRENT LIABILITIES
Property, plant, and equipment
TOTAL NON-CURRENT ASSETS
TOTAL NON-CURRENT LIABILITIES
1 9, 5
4 9
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