PRO MEDICUS LIMITED — Annual Report 2004

Aug 25, 2004

Appendix 4EPreliminary Final Report

1. Company details

Name of entity	ι. συπραπγ ασιαπο
Pro Medicus Limited
ABN or equivalentFinancial year endedcompany reference('current period')			Financial year ended('previous period')
25 006 194 752		30 June 2004		30 June 2003
		2. Results for announcement to the market
ASXListingRulesRef				2004A$'000
2.1	Revenue from ordinary activities			8,402
		% change up/(down) of revenue from ordinary activities fromthe previous corresponding period.		Down11.5%
2.2	to members	Profit/(Loss) from ordinary activities after tax attributable		3,577
	corresponding period	% change up/(down) of Profit/(Loss) from ordinary activitiesafter tax attributable to members from the previous		Down21.3%
2.3		Net Profit/(Loss) for the period attributable to members		3,577
	period.	% change up/(down) of Net Profit/(Loss) for the periodattributable to members from the previous corresponding		Down21.3%

2.4	Dividends (distributions)	Amount persecurity	Frankedamount persecurity
	Franked dividend amount per security
	Final Dividend	2.25c	2.254
	Interim dividend	1.25c	1.25c
2.5	Record date for Final dividend	20 September, 2004
	Final dividend payment date	4 October, 2004

+ See chapter 19 for defined terms

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2.6	Operating Results for the PeriodPro Medicus today reported an after tax profit of $3.577 million. This published resultfor the current period, including the fundamental error adjustment relating to thereversal of accrued income for a deferred contract [please refer Note 2(b) of theFinancial Statements], shows a reduction in profit before tax of $1.417m to $5.020m.After reversing the fundamental error adjustment back to 2003, the period in which itoccurred, Pro Medicus 2004 results showed the second most profitable year in itshistory.
	During the past financial year, the company continued its focus on higher marginsoftware sales, e-health and services. Profit before tax to revenue from operatingactivities on published figures decreased to 63.5% (2003: 70.7%). However, afterreversing the fundamental error adjustment back to 2003, the period in which itoccurred, the results show profit before tax to revenue from operating activitiesincreased to 68.4% (2003: 66.3%) on these restated figures.
	Promedicus.net, the company's e-health offering, continued its strong growth in boththe number of doctors registered as well as transaction volumes, which have nowexceeded 6 million, making promedicus.net the leading e-health provider in Australia.The network carried 2.4 million transactions for the year, a 27.8% increase on theprevious year. The company continued to maximise the value of promedicus.net byextending its use to non-radiology providers, a trend it anticipates will accelerate in the2005 financial year. It also intends to leverage its relationship with the 16,000 doctorson the network to promote its other products and services, including the recentlylaunched ProMed Clinical software.
	Building on the success of the first digital imaging installation at Lake Imaging, thecompany has now installed the technology at 10 sites, importantly covering private,large corporate and public radiology providers. Due to the size and complexity ofthese negotiations, the company has experienced slightly longer than expected leadtimes for sales of these products, but the level of recent market interest reinforces thecompany's confidence that the efficiency and clinical benefits the technology offers willinevitably drive the radiology industry towards a fully digital environment.The company intends to focus on overseas expansion following the successfulinstallation and support of it's seventeen UK sites. It is now looking for furtherinternational opportunities for it's world class digital radiology integration technology.
3.	Statement of financial performance
	Please refer to the Statement of Financial Performance in the Annual Financial Report.
4.	Statement of financial position
	Please refer to the Statement of Financial Position in the Annual Financial Report.
5.	Statement of cash flows
	Please refer to the Statement of Cash Flows in the Annual Financial Report.
6.	Details of Dividends	2004$'000	2003$'000
	Final DividendA Final Dividend of 2.25 cents (2003: 2.0) per share fullyfranked will be paid on 4 October 2004.Current Year Interim	$2,250	$2,000
	An interim dividend of 1.25 cents (2003: 1.25) per sharefully franked was paid on 5 April 2004.	$1,250	$1,250

+ See chapter 19 for defined terms

	No foreign sourced dividend or distribution is included in either the interim or finaldividends.
7.	Dividend or Distribution reinvestment plansThere are no dividend or distribution reinvestment plans in operation.
8.	Statement of Retained EarningsPlease refer Note 17 of Annual Financial Report attached
9.	Net Tangible Assets per securityNet Tangible Assets per security	2004$0.108	2003$0.105
10.	Details of entities over which control has been gained or lost during theperiodThere are no entities over which control has been gained or lost during the period.
11.	Associates and joint venture entitiesThere are no associates or relevant joint ventures.
12.	Other significant information needed by an investor to make an informedassessment of the entity's financial performance and financial position.Please refer to section 2.6
13.	Foreign Entity accounting standardsNot applicable
14.	Commentary on results for the period.The earnings per security and the nature of any dilution aspects.Please refer Note 22 of the Annual Financial Report attached.Returns to shareholders including distributions and buy backs.Please refer to Note 5 of the Annual Financial Report attached.Significant features of operating performance.Please refer to section 2.6The results of segments that are significant to an understanding of the business.Please refer to Note 26 of the Annual Financial Report attached.
	Discussion of trends in performance.Please refer to section 2.6

+ See chapter 19 for defined terms

15.	Audit Statement
	This report is based on accounts to which one of the following applies.(Tick one).
	$^+$ accountsThe "accounts have been subject tohavebeenTheaudited.review.
	The accounts have not yet been accounts are inThethe.audited or reviewed.process of being audited orsubject to review.

Date: 26 August 2004

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Company Secretary

Geoffrey W. Holden Print name:

+ See chapter 19 for defined terms