references
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013 2013 FOR THE YEAR ENDED 30 JUNE
NOTE 22 - CONTROLLED ENTITIES Country of Incorporation Parent entity: Icon Energy Limited Subsidiaries of Icon Energy Limited: Jakabar Pty Ltd Icon Drilling Pty Ltd Icon Gas Productions Pty Ltd Icon Domestic LNG Pty Ltd Icon Geothermal Pty Ltd Icon LNG (China) Pty Ltd Icon Cooper Pty Ltd Icon Oil US (LLC) NOTE 23 - SEGMENT INFORMATION 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. INFORMATION ABOUT GEOGRAPHICAL AREAS 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: Australia 30 June 2013 30 June 2012 $ $ REVENUE External Sales Royalty income Total segment revenues Interest Revenue Other Income Total revenue RESULT Segment net operating profit after tax Interest expense Impairment of Assets Gain/(loss) on sale of non-current assets Segment Assets Segment Liabilities OTHER Acquisition of noncurrent segment assets Depreciation and amortisation of segment assets 57,488 57,488 380,746 152,491 590,724 76,510 76,510 546,242 707,071 1,329,823 USA Consolidated Entity 30 June 2013 30 June 2012 30 June 2013 30 June 2012 $ $ $ $ 57,488 57,488 380,746 152,491 590,724 76,510 76,510 546,242 707,071 1,329,823 Australia Date of Incorporation % Owned 30 June 2013 30 June 2012
66
Australia Australia Australia Australia Australia Australia Australia USA
18 December 1992 18 November 1994 16 December 2008 19 July 2010 19 July 2010 19 July 2010 19 July 2010 5 January 1993
100 100 100 100 100 100 100 100
100 100 100 100 100 100 100 100
3,721,116 53,533 11,297,963 17,982,143 53,117,457 6,143,083
(4,616,180) 48,997 (69,425) 34,474,532 5,247,265
(724) 15,847 381
(2,486) 15,920 -
3,720,392 53,533 11,297,963 17,982,143 53,133,304 6,143,464
(4,618,666) 48,997 (69,425) 34,490,453 5,247,265
19,586
67,625
-
-
19,586
67,625
259,419
314,988
-
-
259,419
314,988
ABN 61 058 454 569
ICON ENERGY LIMITED 2013 Annual Report
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