ABN 61 058 454 569
ICON ENERGY LIMITED
2015 Annual Report
61
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
61
FOR THE YEAR ENDED 30 JUNE 2015
Restated
30 June 2015 30 June 2014
$
$
(5,863,547)
(1,017,551)
(1,759,064)
(305,265)
at 30% (2014: 30%)
116,392
214,031
-
(1,469,165)
7,942,180
291876
(6,299,508)
1,268,523
-
-
30 June 2015 30 June 2014
$
$
60,212,977 35,185,064
18,063,893 10,555,519
644,579
947,397
2,105,592 2,219,838
825,051
950,171
18,888,944 11,505,690
42,267,462 34,657,934
12,680,239 10,397,380
6,208,706 1,108,310
NOTE 3 - KEY MANAGEMENT PERSONNEL REMUNERATION
30 June 2015 30 June 2014
$
$
(a)
•
2,146,738 2,449,610
•
23,035
23,402
•
263,627
262,785
•
487,846
-
•
208,109
653,599
3,129,355 3,389,396
(b)
CONSOLIDATED ENTITY
Provisions
Tax losses
Refer to the remuneration report contained in the directors' report for details of the remuneration paid or payable
to each member of the entity's key management personnel (KMP) for the year ended 30 June 2015.
Total deferred tax liabilities not brought to account
Total deferred tax assets not brought to account - net
Potential tax benefit
Total deferred tax benefits not brought to account
Income Tax Attributable to Profit/(loss) before tax
Short term employee benefits
Potential tax benefit
Temporary differences
Deferred Tax Liabilities
Profit/(Loss) before tax expense
CONSOLIDATED ENTITY
NOTE 2 - INCOME TAX EXPENSE
Increase/(decrease) in income tax expense due to:
Key management personnel compensation
There were no options held by Key Management Personnel during the period ended 30 June 2015 (30 June 2014:
Nil).
Termination payments
Performance rights provided as remuneration
Share-based payments
Non-assessable income
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The numbers of performance rights granted under the executive short-term and long-term incentive scheme that
were held during the financial year by each director of Icon and other key management personnel of the group are
set out in the remuneration report contained in the directors' report.
Apart from the details disclosed in this note, no Director has entered into a material contract with the Company or
consolidated entity since 1 July 2014 and there were no material contracts involving Directors' interests existing at
year end.
Mining and exploration costs
Non deductible expenses
Other
Under/(over) provision in prior year
Prima facie tax payable on profit/(loss) before income tax
Deferred tax benefits not brought to account
Performance rights holdings
Long term benefits
Details of performance rights granted as remuneration, together with their terms and conditions, can be found in
the remuneration report.
CONSOLIDATED ENTITY
Post employment benefits
Deferred Tax Assets not brought to account, the benefits of which will only be realised if the conditions for deductibility of tax
losses set out in Note 1 occur based on corporate tax rate of 30% (2014: 30%) for Australian companies.
