ABN 61 058 454 569
ICON ENERGY LIMITED
2015 Annual Report
75
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
75
FOR THE YEAR ENDED 30 JUNE 2015
Financial position
30 June 2015 30 June 2014
$
$
Assets
Current assets
13,740,946 28,435,146
Non-current assets
49,388,999 41,047,557
Total assets
63,129,945 69,482,703
Liabilities
Current liabilities
1,250,652 1,949,875
Non-current liabilities
106,699
94,010
Total liabilities
1,357,352 2,043,886
Net Assets
61,772,594 67,438,818
Equity
Issued capital
102,346,081 102,724,970
Reserves
605,649
877,588
Accumulated losses
(41,179,135) (36,163,740)
Total equity
61,772,594 67,438,818
Financial performance
30 June 2015 30 June 2014
$
$
Profit/(Loss) for the year
(5,015,395)
(7,210,550)
Other comprehensive income
-
-
Total comprehensive income/(loss)
(5,015,395)
(7,210,550)
30 June 2015 30 June 2014
$
$
Carrying amount included in current liabilities
-
-
Contingent liabilities of the parent entity
The parent entity did not have any contractual commitments for the acquisition of property, plant or equipment as at 30 June
2015 or 30 June 2014.
NOTE 25 - PARENT ENTITY INFORMATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Contractual commitments for the acquisition of property, plant and
equipment by the parent entity
There are no contingent assets at the date of this report that require disclosure. Contingent liabilties are disclosed in note 22.
The accounting policies of the parent entity, which have been applied in determining the financial information shown below,
are the same as those applied in the consolidated financial statements. Refer to Note 1 for a summary of the significant
accounting policies relating to the consolidated entity.
Guarantees entered into by the parent entity in relation to the debts of its
subsidiaries
