HANSEN TECHNOLOGIES LIMITED — Annual Report 2009

Aug 27, 2009

HANSEN TECHNOLOGIES LTD ABN 90 090 996 455 AND CONTROLLED ENTITIES

FINANCIAL INFORMATION FOR THE YEAR ENDED 30 JUNE 2009 PROVIDED TO THE ASX UNDER LISTING RULE 4.3A

Rule 4.3A

Appendix 4E Preliminary Final Report

Hansen Technologies Limited and its Controlled Entities

ABN or equivalent company reference: ABN: 90 090 996 455

1. Reporting period

Report for the financial year ended:	30 June 2009
Previous corresponding period is	30 June 2008
the financial year ended:

2. Results for announcement to the market

$A’000 Revenues from continuing operations Up 39% to 54,298 Net profit after tax from continuing operations Up 25% to 8,131	$A’000
Dividends	Amountper security	Franked amountper security
Final dividend for the year ended 30 June 2009	3¢	3¢
Final dividend for previous corresponding period	1¢	1¢
Payment date for the final dividend for the year ended 30 June 2009	2 October 2009
Interim dividend for the 2009 fiscal year	2¢	2¢
Interim dividend for previous corresponding period	4¢	0¢
Payment dates for the interim dividend	26 March 2009
A final dividend of 3 cents per share, fully franked, has been declared, bringing the total dividend for the year to 5 cents per share, fully franked. Please refer to the attached preliminary financial report for the year ended 30 June 2009 and the accompanying press release for more detail.

3. Income Statement

Refer to the attached statement

4. Balance Sheet

Refer to the attached statement

5. Statement of Cash Flows

Refer to the attached statement

6. Dividends

One cent final dividend – year ended 30 June 2008 Two cent interim dividend – year ended 30 June 2009 Three cent final dividend – year ended 30 June 2009	Date of payment	Total amount of dividend
	17 October 2008	$1,526,544
	26 March 2009	$3,057,271
	2 October 2009	$4,618,394

Amount per security

Amount per security
	Amount per security	Franked amount per security at % tax	Amount per security of foreign sourced dividend
Total dividend: Current year(interim)	2¢	30%	0¢
Current year(final)	3¢	30%	0¢
Previous year(final)	1¢	30%	0¢

Total dividend on all securities

Ordinary securities Total	Current period $A'000	Previous corresponding period $A'000
	4,584	7,542
	4,584	7,542

7. Details of dividend or distribution reinvestment plans in operation are described below

A Dividend Reinvestment Plan has been established to provide shareholders with the opportunity to reinvest dividends in new shares rather than receiving cash. The directors may alter, suspend or terminate the terms of the Dividend Reinvestment Plan at any time.

The last date for receipt of election notices for participation in the 18 September 2009 dividend or distribution reinvestment plan

8. Statement of retained earnings

	Consolidated Entity
	2009 2008
	$’000 $’000
Balance at the beginning of year	(5,588) (13,491)
Net profit attributable to members of the
parent entity	8,131 15,445
Total available for appropriation	2,543 1,954
Dividendspaid	(4,584) (7,542)
Balance at end of year	(2,041) (5,588)

9. Net tangible assets per security

Net tangible asset backing per ordinary security

Current period	Previous corresponding period
10.8 cents	14.7 cents

10. Details of entities over which control has been gained during the period

First Data New Zealand Ltd Name of entity (renamed Hansen New Zealand Ltd) Date control gained 17 October 2008 Contribution to consolidated profit from ordinary activities after tax by the controlled entity from the date $2,374,201 in the current period when control was acquired

As notified to the Australian Securities Exchange (ASX), Hansen Technologies Ltd acquired 100% of First Data New Zealand Ltd., being the parent entity of those companies making up the business of Peace Software internationally, with effect from 17 October 2008.

11. The financial information provided in the Appendix 4E is based on the annual financial report (attached), which has been prepared in accordance with Australian accounting standards.

12. Commentary on the results for the period.

Hansen Technologies Limited (ASX: HSN) announces confirmation of a record operating performance for the fiscal year ended 30 June 2009.

The Directors are also pleased to announce a 3 cent per share fully franked final dividend, bringing the total fully franked dividend for the year to 5 cents per share. The final dividend is scheduled for payment on 2[nd] October 2009 with an Ex Dividend date of Monday 14th September and the Record Date being Friday 18th September.

Highlights of the financial results for the year to 30 June 2009 in respect to continuing operations include:

• Operating Revenue of $54.3 million, up 39%

• Earnings before interest, tax, depreciation and amortisation (EBITDA)

• $14.3 million, an increase of 31%.

• representing a return on revenue of 26%

• After tax profit of $8.1 million or 5.3 cents per share.

Key Indicators: Results from Continuing Operationsfor theyear to 30 June	2009 $A million	2008 $A million
Total revenue	54.3	39.1
EBITDA	14.3	10.9
Profit before tax	10.9	8.7
Income tax expense	(2.8)	(2.2)
Net profit after tax	8.1	6.5

The results announced include the impact of the acquisition of the Peace Software Group in October 2008.

In announcing the result, Andrew Hansen said “This year we have delivered on our promise of strategic growth with the acquisition of the Peace Software Group. We have successfully integrated Peace into the Hansen Group and performance is ahead of our expectations.

Notwithstanding the most difficult economic climate in recent memory, we have maintained momentum and been able to deliver a strong operating performance across each business unit and geography.

We remain focused on serving the Energy and Telecommunications industries which continue to under go substantial change. I believe Hansen has the right knowledge, market position, and financial structure to support these market changes. Our pipeline for organic growth through potential project work is very healthy, and we are continuing to pursuing strategic growth through selective acquisition. We are well positioned to fund the technology and industry initiatives we are pursuing as our group’s financial position remains strong.

I am very positive about the future of our business and I am optimistic of delivering another record operating performance in fiscal 2009/10”.

13. Audit of the financial report

The financial report is in the process of being audited.

14. The audit has not yet been completed

The financial report is not likely to be the subject of dispute or qualification.

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

Hansen Technologies Ltd and Controlled Entities Consolidated Income Statement For the Year Ended 30 June 2009

Note Revenue from continuing operations 2 Other revenue 2 Total revenue Employee expenses 3 Depreciation and amortisation expenses 3 Finance costs 3 Property and operating rental expenses 3 Contractor and consultant expenses Software licence expenses Hardware and software expenses Transportation expenses Travel expenses Communication expenses Legal costs Other expenses 3 Profit before income tax Income tax expense 4(b) Profit after income tax from continuing operations Profit from discontinued operations 5 Profit on sale of business 5 Profit after income tax from discontinued operations Profit for the year attributable to the members of the parent Basic earnings (cents) per share from continuing operations 16 Basic earnings (cents) per share from discontinued operations 16 Total basic earnings (cents) per share Diluted earnings (cents) per share from continuing operations 16 Diluted earnings (cents) per share from discontinued operations 16 Total diluted earnings (cents) per share	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	54,298 2,039	39,084 1,531
	56,337 (29,045) (4,258) (0) (2,485) (1,350) (309) (3,021) (117) (1,421) (741) (256) (2,376)	40,615 (19,521) (3,697) (6) (1,723) (1,359) (145) (2,609) (84) (1,002) (740) (111) (927)
	(45,379)	(31,924)
	10,958 (2,827)	8,691 (2,176)
	8,131	6,515
	0 0	164 8,766
	0	8,930
	8,131	15,445
	5.3 0.0	4.3 5.9
	5.3 5.3 0.0	10.2 4.2 5.9
	5.3	10.1

1

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

Hansen Technologies Ltd and Controlled Entities Consolidated Balance Sheet As at 30 June 2009

Hansen Technologies Ltd and Controlled Entities Consolidated Balance Sheet As at 30 June 2009
Note Current Assets Cash and cash equivalents 7 Trade receivables 8 Other current assets 9 Total Current Assets Non-Current Assets Trade receivables 8 Plant, equipment & leasehold improvements 10 Intangible assets 11 Deferred tax assets 4 Total Non-Current Assets Total Assets Current Liabilities Trade and other payables 12 Current tax payable Provisions 13 Unearned income Total Current Liabilities Non-Current Liabilities Deferred tax liabilities 4 Provisions 13 Total Non-Current Liabilities Total Liabilities Net Assets Equity Share capital 14 Foreign currency translation reserve 15(a) Options granted reserve 15(b) Retained earnings (accumulated losses) 15(c) Total Equity	Consolidated Entity
	2009	2008
	$'000	$'000
	20,518 7,016 1,961	21,871 5,576 967
	29,495	28,414
	0 3,588 29,012 196	145 3,325 19,823 0
	32,796	23,293
	62,291	51,707
	4,096 2,270 4,831 4,384	3,403 2,244 3,218 453
	15,581	9,318
	0 887	233 170
	887	403
	16,468	9,721
	45,823	41,986
	48,199 (501) 166 (2,041)	47,916 (479) 137 (5,588)
	45,823	41,986

2

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

Hansen Technologies Ltd and Controlled Entities Consolidated Statement of Changes in Equity For the Year Ended 30 June 2009

Hansen Technologies Ltd and Controlled Entities Consolidated Statement of Changes in Equity For the Year Ended 30 June 2009
Note Total Equity at the Beginning of the Year Exchange differences on translation of foreign operations 15 Employee share options 15 Net income (loss) recognised directly in equity Profit for the year Total recognised income and expense for the period Transactions with equity holders in their capacity as equity holders: Employee share plan 14 Options exercised 14 Capital issued under dividend reinvestment plan 14 Capital return paid 14 Share buy back 14 Dividends paid 6 Total Equity at the End of the Year Attributable to Members of the Parent	Consolidated Entity
	2009	2008
	$'000	$'000
	41,986	36,226
	(22) 29	(31) 20
	7 8,131	(11) 15,445
	8,138	15,434
	126 21 188 0 (52) (4,584)	130 148 641 (3,051) 0 (7,542)
	(4,301)	(9,674)
	45,823	41,986

3

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

Hansen Technologies Ltd and Controlled Entities Consolidated Statement of Cash Flows For the Year Ended 30 June 2009

Hansen Technologies Ltd and Controlled Entities Consolidated Statement of Cash Flows For the Year Ended 30 June 2009
Note Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received 2 Borrowing costs Income tax paid Net cash provided by operating activities Cash flows from investing activities Proceeds from sale of plant and equipment Payment for acquisition of business Net proceeds from sale of subsidiary Payment for plant and equipment Payment for capitalised research and development Net cash provided by (used in) investing activities Cash flows from financing activities Proceeds from share issue 14 Payments from share buy back 14 Payment of capital return 14 Proceeds from options exercised 14 Dividends paid net of dividend re-investment Finance and hire purchase lease payments Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of the year 7	Consolidated Entity
	2009	2008
	$'000	$'000
	66,198 (51,345) 927 (0) (3,230)	45,736 (33,520) 1,467 (6) 0
	12,550	13,677
	0 (7,465) 0 (1,134) (1,003)	0 0 9,942 (2,259) (1,694)
	(9,602)	5,989
	126 (52) 0 21 (4,396) 0	130 0 (3,051) 148 (6,901) (79)
	(4,301)	(9,753)
	(1,353)	9,913
	21,871	11,958
	20,518	21,871

4

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

Notes to the Financial Statements 30 June 2009

1 Basis of preparation

The preliminary financial report has been prepared in accordance with Australian Accounting Standards, Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001 .

The following is a summary of material accounting policies adopted by the consolidated entity in the preparation and presentation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.

(a) Basis of preparation of the financial report

Compliance with IFRS

Australian Accounting Standards include Australian equivalents to International Financial Reporting Standards. Compliance with Australian equivalents to International Financial Reporting Standards ensures compliance with International Financial Reporting Standards (IFRSs).

Historical Cost Convention

The financial report has been prepared under the historical cost convention

(b) Principles of consolidation

The consolidated financial statements are those of the consolidated entity, comprising the financial statements of the parent entity and of all entities, which Hansen Technologies Ltd controlled from time to time during the year and at balance date

The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies.

All inter-company balances and transactions, including any unrealised profits or losses have been eliminated on consolidation

(c) Revenue recognition

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Risks and rewards of ownership are considered passed to the buyer at the time of delivery of the goods to the customer. Revenue from the provision of services to customers is recognised upon delivery of the service to the customer.

Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets

All revenue is stated net of the amount of goods and services tax (GST)

(d) Cash and cash equivalents

Cash and cash equivalents include cash on hand and at banks, and short term deposits with an original maturity of three months or less held at call with financial institutions

(e) Plant and equipment

Cost and valuation

All classes of plant and equipment are stated at cost less depreciation

Depreciation

The depreciable amounts of all fixed assets are depreciated on a straight-line basis over their estimated useful lives commencing from the time the asset is held ready for use. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements

The useful livesforeachclass ofassets are:	The useful livesforeachclass ofassets are:	The useful livesforeachclass ofassets are:
	2009	2008
Plant, equipment & leasehold improvements: Leasedplant and equipment:	2.5 to 12 years 2.5 to 12years	2.5 to 12 years 2.5 to 12years

5

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

(f) Leases

Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and benefits incidental to ownership.

Finance Leases

Leases of fixed assets, where substantially all of the risks and benefits incidental to ownership of the asset, but not the legal ownership, are transferred to entities within the consolidated entity are classified as finance leases. Finance leases are capitalised, recording at the inception of the lease an asset and liability equal to the present value of the minimum lease payments, and disclosed as plant and equipment under lease

Leased assets are depreciated over the shorter of the estimated useful life of the assets and the lease term. Lease payments are allocated between interest expense and reduction of the lease liability. The interest expense is calculated using the interest rate implicit in the lease and is included in finance costs in the Income Statemen

The cost of improvements to or on leasehold property is capitalised, disclosed as leasehold improvements, and amortised over the unexpired period of the lease or the estimated useful lives of the improvements, whichever is the shorter

Operating Leases

Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses in the period in which they are incurred

(g) Intangibles

Goodwill

Goodwill on consolidation represents the excess of the cost of an acquisition over the fair value of the Group’s share of net identifiable assets of the acquired entities at the date of acquisition.

Goodwill is not amortised but is tested annually for impairment, or more frequently if events or changes in circumstances indicate that it might be impaired. Goodwill is carried at cost less accumulated impairment losses

Trademark and licences

Trademark and licences are recognised at cost and are amortised over their estimated useful lives. Trademarks and licences are carried at cost less accumulated amortisation and any impairment losses.

Research and Development

Expenditure on research activities is recognised as an expense when incurred.

Expenditure on development activities is capitalised only when it is expected that future benefits will exceed the deferred costs. Capitalised development expenditure is stated at cost less accumulated amortisation. Amortisation is calculated using a straight-line method to allocate the cost over a period of five years, during which the related benefits are expected to be realised, once commercial production is commenced. Other development expenditure is recognised as an expense when incurred

(h) Impairment

Assets with an indefinite useful life are not amortised but are tested annually for impairment in accordance with AASB 136. Assets subject to annual depreciation or amortisation are reviewed for impairment whenever events or circumstances arise that indicate that the carrying amount of the asset may be impaired. An impairment loss is recognised where the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and value in use.

(i) Taxes

Current income tax expense or benefit is the tax payable on the current period’s taxable income based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities.

A balance sheet approach is adopted under which deferred tax assets and liabilities are recognized for temporary differences between the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferred tax asset or liability is recognised in relation to temporary differences arising from the initial recognition of an asset or a liability if they arose in a transaction, other than a business combination, that at the time of the transaction did not affect either accounting profit or taxable profit or loss Deferred tax assets are recognised for temporary differences and unused tax losses only when it is probable that future taxable amounts will be available to utilize those temporary differences and losses.

Current and deferred tax balances attributable to amounts recognised directly in equity are also recognised directly in equity.

6

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

(j) Employee benefits

Liabilities arising in respect of wages and salaries, annual leave, long service leave and any other employee benefits expected to be settled within twelve months of the reporting date are measured at their nominal amounts based on remuneration rates which are expected to be paid when the liability is settled. All other employee benefit liabilities are measured at the present value of the estimated future cash outflow to be made in respect of services provided by employees up to the reporting date

Share-based payments

The group operates an employee share option plan and an employee share scheme. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options at grant date. The fair value of options at grant date is determined using a Black-Scholes option pricing model, and is recognised as an employee expense over the period during which the employees become entitled to the option

(k) Financial instruments

Classification

The group classifies its financial instruments in the following categories: loans and receivables and other financial assets. The classification depends on the purpose for which the investments were acquired. Management determines the classification of its financial instruments at initial recognition

Loans and Receivables

Loans and receivables are measured at fair value at inception and subsequently at amortised cost using the effective interest rate method.

Financial Liabilities

Financial liabilities include trade payables, other creditors and loans from third parties including inter-company balances

(l) Foreign currencies

Functional and presentation currency

The financial statements of each group entity are measured using its functional currency, which is the currency of the primary economic environment in which that entity operates. The consolidated financial statements are presented in Australian dollars, as this is the parent entity’s functional and presentation currency.

Transactions and Balances

Transactions in foreign currencies of entities within the consolidated entity are translated into functional currency at the rate of exchange ruling at the date of the transaction

Foreign currency monetary items that are outstanding at the reporting date (other than monetary items arising under foreign currency contracts where the exchange rate for that monetary item is fixed in the contract) are translated using the spot rate at the end of the financial year.

Resulting exchange differences arising on settlement or re-statement are recognised as revenues and expenses for the financial year.

Group Companies

The financial statements of foreign operations whose functional currency is different from the group’s presentation currency are translated as follows:

• Assets and liabilities are translated at year-end exchange rates prevailing at that reporting date;

• Income and expenses are translated at actual exchange rates or average exchange rates for the period, where appropriate; and

• All resulting exchange differences are recognised as a separate component of equity

Exchange differences arising on translation of foreign operations are transferred directly to the group's foreign currency translation reserve as a separate component of equity in the balance sheet.

(m) Comparatives

Where necessary, comparative information has been reclassified and repositioned for consistency with current year disclosures

(n) Rounding amounts

The company is of a kind referred to in ASIC Class Order CO 98/0100 and in accordance with that Class Order, amounts in the financial statements have been rounded off to the nearest thousand dollars, or in certain cases, to the nearest dollar

(o) New accounting standards and interpretations

A number of accounting standards and interpretations have been issued at the reporting date but are not yet effective. The directors have not yet assessed the impact of these standards or interpretations.

7

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

2 Revenue

Note Revenues from continuing operations Revenue from sale of goods and services Other income: From operating activities Interest received Net foreign exchange gain Other income Total other revenues Total revenue from continuing operations Revenues from discontinued operations Revenue from sale of goods and services 5 Profit on sale of business 5 Total revenue from discontinued operations Total revenue from operations Profit from continuing operations Note Profit from continuing operations before income tax has been determined after the following specific expenses: Employees benefits expense Wages and salaries Superannuation costs Share based payments Total employee benefits expense Depreciation of non-current assets Plant, equipment & leasehold improvements 10 Total depreciation of non-current assets Amortisation of non-current assets Plant and equipment under finance lease 10 Patents, contracts & software 11 Research and development 11 Total amortisation of non-current assets Finance costs expensed Interest charges (reversal) Finance charges paid or payable under finance leases Total finance costs expensed Property and operating rental expenses Rental charges Total property and operating rental expenses Other expenses Net foreign exchange losses Net loss on disposal of plant and equipment Advertising & marketing Entertainment Insurance charges Outgoings, equipment & materials Professional services Recruitment & training Other expenses Capitalised R&D expenditure Total other expenses	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	54,298 39,084
	54,298 39,084
	927 1,467 1,054 0 58 64
	2,039 1,531
	56,337 40,615
	0 2,809 0 8,766
	0 11,575
	56,337 52,190
	Consolidated Entity
	2009	2008
	$'000	$'000
	26,989 17,564 2,027 1,957 29 0
	29,045 19,521
	1,434 926
	1,434 926
	14 153 290 0 2,520 2,618
	2,824 2,771
	0 3 0 3
	0 6
	2,485 1,723
	2,485 1,723
	0 462 31 22 88 4 284 147 254 197 917 430 670 459 437 454 698 446 (1,003) (1,694)
	2,376 927

3 Profit from continuing operations

8

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

4 Income tax

Note (a) The components of tax expense: Current tax Deferred tax Under provision in prior year Total income tax expense (b) Income tax expense / (benefit) Prima facie income tax expense calculated at 30% (2008: 30%) on the profit from ordinary activities Tax effect of amounts which are not deductible in calculating taxable income Non deductible share based payments Non deductible write down of investment Current year losses not brought to account Losses brought forward Other non allowable items Under / (over) provision in prior years Research and development allowances Non assessable income - accounting proceeds on the sale of HPS Prior year losses not brought to account Investment allowance Income tax expense (c) Deferred tax relates to the following: Deferred tax liabilities Research and development expenditure capitalised Other income not yet assessable Total deferred tax liabilities Deferred tax assets Employee benefits Provisions Other payables Difference in depreciation and amortisation of plant and equipment for accounting and income tax purposes Losses available for offset against future taxable income Other Total deferred tax assets Net deferred tax (d) Deferred tax assets not brought to account, the benefits of which will only be realised if the condition for deductibility set out in Note 1(i) occur Tax losses	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	3,121 2,951 (435) (678) 141 (26)
	2,827 2,247
	3,287 5,308 9 0 0 (128) 15 18 44 0 984 1 264 (26) (107) (184) 0 (2,742) (1,630) 0 (39) 0
	2,827 2,247
	1,499 1,954 11 0
	1,510 1,954
	1,142 970 2 4 341 673 17 4 161 0 43 67
	1,706 1,718
	196 (236)
	2,824 2,824
	2,824 2,824

5 Discontinued Operations

In August 2007 the Company sold its subsidiary Hansen Professional Services Pty Ltd, disclosed in this financial report as a discontinued operation. Financial information relating to the discontinued operation for the period to the date of disposal is set out below. Further information is set out in Note 17 - Segment Reporting

Note (i) Financial performance information Revenue Expenses Profit before income tax Income tax expense Profit after income tax of discontinued operations Gain on the sale of the entity before income tax Income tax expense Gain on the sale of the entity after income tax Profit from discontinued operations	Period	Period
	2009	2008
	$'000	$'000
	0 0	2,809 (2,574)
	0 0	235 (71)
	0 0 0	164 8,766 0
	0 0	8,766 8,930

9

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

6 Dividends on ordinary shares

2009

A 3 cent per share fully franked final dividend has been declared on 28 August 2009.

2008

A 1 cent per share fully franked final dividend was declared on 29 August 2008.

Dividends provided for or paid during the year

• 1 cent per share final dividend paid 17 October 2008

• 1 cent per share final dividend paid 8 October 2007

• • 2 cent per share interim dividend paid 26 March 2009

• 3 cent per share interim dividend paid 17 December 2007

• 1 cent per share interim dividend paid 19 March 2008

Consolidated Entity	Consolidated Entity
2009	2008
$'000	$'000
1,527 0 0 1,505 3,057 0 0 4,524 0 1,513
4,584 7,542

7 Cash and cash equivalents

Current Cash at bank and on hand Deposits at call

Note	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	5,121 1,795 15,397 20,076
	20,518 21,871

8 Receivables

Note Current Trade debtors Less: Provision for impairment Term and sundry debtors	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	6,588 5,187 (13) (13)
	6,575 5,174 441 402
	7,016 5,576

Non-current Term debtor	0 145
	0 145

9 Other current assets

Note Current Prepayments Accrued revenue	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	1,089 804 872 163
	1,961 967

10

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

10 Plant, equipment and leasehold improvements

Plant, equipment and leasehold improvements
Note Plant, equipment & leasehold improvements, at cost Accumulated depreciation Plant and equipment under finance lease, at cost Accumulated amortisation Total plant, equipment & leasehold improvements	Consolidated Entity
	2009	2008
	$'000	$'000
	16,175 9,572 (12,599) (6,273)
	3,576 3,299
	3,566 3,566 (3,554) (3,540)
	12 26
	3,588 3,325

(a) Reconciliations Reconciliations of the carrying amounts of plant, equipment & leasehold improvements at the beginning and end of the current financial year

Note Plant, equipment & leasehold improvements Carrying amount at 1 July 2008 Additions Disposals Depreciation expense Net foreign currency movements arising from foreign operation Carrying amount at 30 June 2009 Plant and equipment under finance lease Carrying amount at 1 July 2008 Disposals Amortisation expense Carrying amount at 30 June 2009	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	3,299 3,976 1,740 2,259 (31) (1,794) (1,434) (1,078) 2 (64)
	3,576 3,299
	26 206 0 (27) (14) (153)
	12 26

11 Intangibles

Note Goodwill, patents, contracts at cost Accumulated impairment Software research and development, at cost Accumulated amortisation Total intangible assets Reconciliation of goodwill, patents and contracts at cost Opening amount Increase due to acquisition Closing amount Accumulated impairment at beginning of year Amortisation of patents and contracts Impairment adjustment Accumulated impairment at end of year Reconciliation of software research and development at cost Opening amount Expenditure capitalised in current period Closing amount Accumulated amortisation at beginning of year Current year charge Accumulated amortisation at end of year	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	28,928 17,935 (4,912) (4,625)
	24,016 13,310
	23,621 22,618 (18,625) (16,105)
	4,996 6,513
	29,012 19,823
	17,935 18,479 10,993 (544)
	28,928 17,935
	(4,625) (4,693) (290) 0 3 68
	(4,912) (4,625)
	22,618 20,924 1,003 1,694
	23,621 22,618
	(16,105) (13,487) (2,520) (2,618)
	(18,625) (16,105)

11

Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

12 Payables

Payables
Note Current Trade payables Other payables	Consolidated Entity
	2009	2008
	$'000	$'000
	863 1,200 3,233 2,203
	4,096 3,403

13 Provisions

Note Current Employee benefits Onerous lease Other Non-current Employee benefits Onerous lease (a) Aggregate employee benefits liability (b) Number of employees at year end	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	4,101 3,063 523 0 207 155
	4,831 3,218
	248 170 639 0
	887 170
	4,349 3,233
	296 194

Reconciliations

Reconciliations of the carrying amounts of each class of provision, except for the employee benefits provision, are set out below

Provisions Onerous Lease- current Carrying amount at beginning of year Provisions made during the year Adjustments made due to sale of subsidiary Carrying amount at end of year Provisions Onerous Lease- Non current Carrying amount at beginning of year Provisions made during the year Adjustments made due to sale of subsidiary Carrying amount at end of year Other- current Carrying amount at beginning of year Net provisions (payments) made during the year Carrying amount at end of year	0 147 523 0 0 (147)
	523 0
	0 284 639 0 0 (284)
	639 0
	155 4 52 151
	207 155

14 Contributed Equity

Note a) Issued and paid up capital Ordinary shares, fully paid b) Movements in shares on issue Balance at beginning of the financial year Shares issued under Dividend Reinvestment Plan Shares issued under Employee Share Plan Options exercised Capital Reduction * Share Buy Back Balance at end of the financial year Fully paid ordinary shares carry one vote per share and carry the right to dividends.	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	48,199 47,916
	Consolidated Entity
	2009	2008
	$'000	$'000
	47,916 50,048 188 641 126 130 21 148 0 (3,051) (52) 0
	48,199 47,916

• In accordance with a resolution of shareholders the Company’s contributed equity (issued and paid up share capital) was reduced by a 2 cent per share capital return paid to shareholders on 27 June 2008.

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Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

15 Reserves and retained earnings

Note Foreign currency translation reserve 15 (a) Options granted reserve 15 (b) Accumulated losses 15 (c) (a) Foreign currency translation reserve Movements in reserve Balance at beginning of year Movement during the year Balance at end of year (b) Options granted reserve Movements in reserve Balance at beginning of year Movement during the year Balance at end of year (c) Accumulated losses Balance at the beginning of year Dividends paid Net profit attributable to members of Hansen Technologies Ltd Balance at end of year Earnings per share Note Reconciliation of earnings used in calculating earnings per share Basic earnings - ordinary shares Diluted earnings - ordinary shares Weighted average number of ordinary shares used in calculating basic earnings per share: Number for basic earnings per share - ordinary shares Number for diluted earnings per share - ordinary shares Basic earnings (cents) per share from continuing operations Basic earnings (cents) per share from discontinued operations Total basic earnings (cents) per share Diluted earnings (cents) per share from continuing operations Diluted earnings (cents) per share from discontinued operations Total diluted earnings (cents) per share	Consolidated Entity	Consolidated Entity
	2009	2008
	$'000	$'000
	(501) (479)
	166 137
	(2,041) (5,588)
	(479) (448) (22) (31)
	(501) (479)
	137 117 29 20
	166 137
	(5,588) (13,491) (4,584) (7,542) 8,131 15,445
	(2,041) (5,588)
	Consolidated Entity
	2009	2008
	$'000	$'000
	8,131 15,445
	8,131 15,445
	2009	2008
	no. shares	no. shares
	152,973,482 151,121,576
	154,597,002 152,320,374
	Centsper share	Centsper share
	5.3 0.0	4.3 5.9
	5.3 5.3 0.0	10.2 4.2 5.9
	5.3	10.1

16 Earnings per share

Classification of securities as potential ordinary shares

The securities that have been classified as potential ordinary shares and included in diluted earnings per share only, are options outstanding under the Employee Share Option Plan.

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Hansen Technologies Limited and its controlled entities ABN 90 090 996 455

17 Segment Information

Business Segments Revenue External segment revenue Other unallocated revenue Total revenue Result Segment result Unallocated corporate expenses Profit from ordinary activities before income tax Income tax expense Net profit Depreciation and amortisation Depreciation and amortisation - unallocated Segment result is inclusive of some individually significant items. Individually significant segment items Profit on sale of subsidiary Assets Segment assets Unallocated corporate assets Consolidated total assets Liabilities Segment liabilities Unallocated corporate liabilities Consolidated total liabilities Acquisition of non-current assets Geographical Segments External segment revenue by location of customers Segment assets by location of assets Acquisition of capital expenditure	Billing	Billing	IT Outsourcing	IT Outsourcing	Other	Other	Total ContinuingOperations	Total ContinuingOperations	Discontinued Operations	Discontinued Operations	Consolidated	Consolidated
	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008
	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000
	42,018 28,130 10,397 9,687 3,800 3,202 0 0 33,089 16,801 13,195 6,945 285 357		6,844 6,393 3,157 2,555 25 51 0 0 1,380 1,325 1,056 976 3 44		5,436 4,561 2,456 1,791 94 172 0 0 1,282 1,090 862 721 923 1,851		54,298 39,084 2,039 1,531		0 2,809 0 8,766		54,298 41,893 2,039 10,297
							56,337 40,615		0 11,575		56,337 52,190
							16,010 14,033 (5,052) (5,342)		0 9,001 0 0		16,010 23,034 (5,052) (5,342)
							10,958 8,691 (2,827) (2,176)		0 9,001 0 (71)		10,958 17,692 (2,827) (2,247)
							8,131 6,515		0 8,930		8,131 15,445
							3,919 3,425 339 272		0 152 0 0		3,919 3,577 339 272
							4,258 3,697		0 152		4,258 3,849
							0 0 35,751 19,216 26,540 32,491		0 8,766 0 0 0 0		0 8,766 35,751 19,216 26,540 32,491
							62,291 51,707		0 0		62,291 51,707
							15,113 8,642 1,355 1,079		0 0 0 0		15,113 8,642 1,355 1,079
							16,468 9,721		0 0		16,468 9,721
							1,211 2,252		0 7		1,211 2,259
							2009 2008 2009 2008 $'000 $'000 $'000 $'000 1,628 1,772 54,298 41,893 12,647 145 62,291 51,707 87 0 1,211 2,259 Consolidated Other
	Australia		North America		Europe		Other		Consolidated
	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008
	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000
	32,361 27,761		10,797 1,211		9,512 11,149		1,628 1,772		54,298 41,893
	42,095 47,472		3,828 56		3,721 4,034		12,647 145		62,291 51,707
	1,093 2,053		10 0		21 206		87 0		1,211 2,259

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