70
ICON ENERGY LIMITED
2015 Annual Report ABN 61 058 454 569
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
70
FOR THE YEAR ENDED 30 JUNE 2015
30 June 2015 30 June 2014 30 June 2015 30 June 2014 30 June 2015 30 June 2014
$
$
$
$
$
$
REVENUE
-
4,897,215
-
-
-
4,897,215
Royalty income
7,957
25,643
-
-
7,957
25,643
Total segment revenues
7,957
4,922,858
-
-
7,957
4,922,858
Interest Revenue
599,743
1,045,484
-
-
599,743
1,045,484
Other Income
-
2,967
-
-
-
2,967
Total revenue
607,700
5,971,309
-
-
607,700
5,971,309
RESULT
(5,858,563)
(1,016,774)
(4,983)
(777)
(5,863,547)
(1,017,551)
Finance cost
26,556
55,889
-
-
26,556
55,889
Impairment of Assets
9,657
92,097
-
-
9,657
92,097
19,732
(33,753)
-
-
19,732
(33,753)
Segment Assets
61,443,442 68,762,492
13,693
14,432
61,457,135 68,776,924
Segment Liabilities
2,882,255 3,691,007
-
-
2,882,255 3,691,007
OTHER
111,785
17,673
-
-
111,785
17,673
308,409
305,232
-
-
308,409
305,232
Assumptions regarding the identification of reportable operating segments (refer note 1a):
Income from research and
development claim
The consolidated entity operates in the oil exploration and petroleum sector, predominantly within Queensland. The majority
of its exploration activities are conducted in the Cooper/Eromanga and Surat Basins in Australia. Icon's Board of Directors
reviews internal management reports on at least a monthly basis.
In presenting the information on the basis of geographical areas, the Australian geographical areas include a majority of
corporate head office expenses on the basis that all resources within the corporate head office are applied to these
exploration activities. Information by geographical areas are as follows:
Consolidated Entity
INFORMATION ABOUT GEOGRAPHICAL AREAS
Segment net operating
profit after tax
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
USA
NOTE 19 - SEGMENT INFORMATION
Australia
Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker. The Chief Operating Decision Maker, who is responsible for allocating resources and assessing performance of the
operating segments, has been identified as the Managing Director. The operating segments have been aggregated on the
basis of geographic location.
Gain/(loss) on sale of non-
current assets
Depreciation and
amortisation of segment
assets
Acquisition of non-current
segment assets
