HANSEN TECHNOLOGIES LIMITED — Regulatory Filings 2003

Sep 11, 2003

Appendix 4E

Preliminary final report

Introduced 30/6/2003.

Name of entity

HANSEN TECHNOLOGIES LTD

ABN or equivalent company reference

90 090 996 455

1. Reporting periods

Financial year ended	Financial year ended
('Current period')	('Previous corresponding period)
30 June 2003	30 June 2002

1. For announcement to the market

				SA 000
Key Information	Current period	Previous corresponding period	% Change Increase/ (decrease)	Amount (S) Increase/ (decrease)
2.1 Revenues from ordinary activities	58,707	46,298	27%	12,409
2.2 Profit (loss) from ordinary activities after tax attributable to members	(6,690)	(60,519)	(89%)	(53, 829)
2.3 Profit (loss) from extraordinary items after tax attributable to members	Níl	Nil
2.4 Net profit (loss) for the period attributable to members	(6,690)	(60.519)	(89%)	(53,829)

2.5 Dividends (distributions)	Amount per security	Franked amount per security at 30% tax
Final dividend
Interim dividend

2.6 Supplementary comments of any figures in 2.1 to 2.5 above

Please refer to the Audited Financial Statements for the year ended 30 June 2003 for a brief explanation of the above figures.

3. Statements of financial performance

Please refer to the Audited Financial Statements for the year ended 30 June 2003.

1. Statements of financial position

Please refer to the Audited Financial Statements for the year ended 30 June 2003.

5. Statements of cash flows

Please refer to the Audited Financial Statements for the year ended 30 June 2003.

6. Dividends
		Date paid/ payable	Amount per security	Franked amount per security at $30\%$ tax	Amount per security of foreign source dividend
Final dividend:
	Current year	N/A	N/A	N/A	N/A
	Previous year	N/A	N/A	N/A	N/A
Interim dividend:
	Current year	N/A	N/A	N/A	N/A
	Previous year	15 May 2002	1¢.	Ι¢	$0.00\epsilon$

Current year

$0.00\ell$

$N/A$

Previous year

$1¢$

$N/A$

Total dividend (distribution) per security (interim plus final)

⁺Ordinary securities

Preference +securities

Total dividend (distribution) paid (Interim plus final)

---- -------------		Current period \$A'000	Previous corresponding period
			\$A'000
*Ordinary securities (each class separately)
	Interim	N/A	910
	Final	N/A
		N/A	910
Preference + securities (each class separately)
	Interim
	Final
		$\blacksquare$
Other equity instruments (each class separately)
	Interim
	Final
Total		N/A	910

Total

7. Dividend reinvestment plans

The $⁺dividend$ or distribution plans shown below are in operation.

$N/A$

The last date(s) for receipt of election notices for the ⁺dividend or distribution plans

$\mathbf{N}/\mathbf{A}$

8. Statement of Retained Profits

Please refer to Note 22 of the Audited Financial Statements for the year ended 30 June 2003.

9. NTA Backing

	Current	Previous
	period	corresponding
		Period
Net tangible asset backing per $+$ ordinary security	2.9 cents	4.7 cents

10. Controlled entities

Please refer to Note 29 of the Audited Financial Statements for the year ended 30 June 2003.

11. Associates and Joint Ventures

$N/A$

12. Other significant information

Please refer to the Audited Financial Statements for the year ended 30 June 2003.

13. Foreign Entities

The consolidated entity sold Marotz AB on 27 June 2003. Marotz AB's contribution to the consolidated net loss up until the date of disposal was a loss before tax of \$104k.

14. Commentary

14.1 Earnings per share

Please refer to Note 7 and the Statements of Financial Performance of the Audited Financial Statements for the vear ended 30 June 2003.

14.2 Significant features of operating performance

The consolidated entity's total revenues for the year increased by 27% from \$46.3 million in 2001/2002 to \$58.7 million in 2002/2003. The increase in the consolidated entity's revenue is mainly due to a full year contribution from Hansen Professional Services Pty Ltd acquired in June 2002..

Consolidated Net Loss After Tax for the year decreased by 89% in 2002/3 to \$6.7 million from \$60.5 million in $2001/2.$

The key points to note relating to the consolidated loss from ordinary activities are that it includes the following:

• Combined write down of intellectual property and software research and development costs of Non Core Proprietary software of \$986,000.
• Non recurring Costs incurred directly associated with the restructuring of the Group's business activities, \$1,268,000.

14.3 Other factors which have affected or likely to affect the results

Please refer to the Audited Financial Statements for the year ended 30 June 2003.

15. Compliance statement

This report should be read in conjunction with the attached Audited Financial Statements for the year ended 30 June 2003.

Sign here:

12^th September 2003 Date:

Print name:	Andrew Hansen
	Managing Director