62
ICON ENERGY LIMITED
2015 Annual Report ABN 61 058 454 569
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
62
FOR THE YEAR ENDED 30 JUNE 2015
NOTE 3 - KEY MANAGEMENT PERSONNEL REMUNERATION (Continued)
(c)
Transactions with Directors and Director Related Entities
30 June 2015 30 June 2014
$
$
4,230
-
30 June 2015 30 June 2014
$
$
488
128
8,748,031 7,605,332
8,748,520 7,605,461
Prepayments for deferred exploration and evaluation expenditure
-
1,197,920
-
7,492,356
111,360
389,768
111,360
9,080,045
30 June 2015 30 June 2014
Current
$
$
Held to maturity financial assets:
Term deposit - investment
5,000,000 12,000,000
5,000,000 12,000,000
30 June 2015 30 June 2014
$
$
916,445
1,014,626
(771,338)
(797,648)
145,107
216,978
2,172,934 2,172,934
(285,238)
(236,836)
1,887,696 1,936,098
1,086,103 1,004,328
(429,063)
(362,798)
657,040
641,530
2,440,000 2,440,000
5,129,843 5,234,606
154,571
154,571
(154,571)
(154,571)
5,129,843 5,234,606
Fixtures and Fittings - at cost
Plant and Equipment - under lease
less: accumulated depreciation
CONSOLIDATED ENTITY
Building - at cost
Plant and Equipment and motor vehicles - at cost
less: accumulated depreciation
CONSOLIDATED ENTITY
Research and development offset refund
NOTE 7 - PROPERTY, PLANT, AND EQUIPMENT
Legal fees paid in the ordinary course of business
to CKB Associates Lawyers, a firm with which Mr.
S Barry is associated.
CONSOLIDATED ENTITY
NOTE 5 - TRADE AND OTHER RECEIVABLES - CURRENT
NOTE 6 - FINANCIAL ASSETS
Trade and other receivables are not past due and are not impaired at 30 June 2015. All amounts are expected to be received
in less than 12 months.
Cash on hand
Other receivables
Cash at Bank
All services provided by the director-related entities were at normal commercial terms and conditions.
NOTE 4 - CASH AND CASH EQUIVALENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED ENTITY
less: accumulated depreciation
Land at cost
Total property, plant and equipment at written down value
less: accumulated amortisation
