ABN 61 058 454 569
ICON ENERGY LIMITED
2015 Annual Report
63
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
63
FOR THE YEAR ENDED 30 JUNE 2015
NOTE 7 - PROPERTY, PLANT, AND EQUIPMENT (Continued)
Plant &
Equipment
and Motor
Vehicles
Building Fixture and
Fittings
Land
Total
$
$
$
$
$
361,832
1,985,742
703,191
2,440,000 5,490,765
14,207
-
3,466
-
17,673
(72,253)
-
-
-
(72,253)
(86,808)
(49,644)
(65,127)
-
(201,579)
216,978
1,936,098
641,530
2,440,000 5,234,606
216,978
1,936,098
641,530
2,440,000 5,234,606
16,760
-
95,025
-
111,785
(27,068)
-
(9,657)
-
(36,725)
(61,563)
(48,402)
(69,858)
-
(179,823)
145,107
1,887,696
657,040
2,440,000 5,129,843
30 June 2015 30 June 2014
$
$
42,267,462 34,657,934
Total
12,576,227
25,192,539
(92,097)
(423,594)
(2,595,141)
34,657,934
34,657,934
18,985,749
(11,376,221)
42,267,462
Less: RDTI applied
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
In 2014 financial year, the exploration and evaluation expenditure was $34.6 million plus an additional $18.9 million was
incurred in the 2015 financial year which comes to a total of $53.5 million. An RDTI amount of $11.3 million was applied and
the balance as at 30 June 2015 was $42.2 million.
Balance at 1 July 2013
Movements in carrying amounts
Exploration and Evaluation Expenditure at cost
Reconciliations
Disposals
CONSOLIDATED ENTITY
Balance at 30 June 2015
Depreciation
Movements in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the
current financial year:
Less: Impairment
Less: Joint venture contributions applied
Balance at 30 June 2014
Additions
NOTE 8 - EXPLORATION AND EVALUATION EXPENDITURE
Balance at 1 July 2013
Additions
Consolidated entity
Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out
below:
Balance at 1 July 2014
Depreciation
Additions
Balance at 1 July 2014
Balance at 30 June 2015
Consolidated Entity
Less: RDTI applied
Disposals
In 2015, exploration and evaluation expenditure immediately expensed in the consolidated statement of profit or loss and
other comprehensive income amounted to $155,142 (30 June 2014: $225,302) and consisted of amortisation costs of
restoration asset and unwinding of discounting on the restoration provision.
Balance at 30 June 2014
Additions
