Sydney, Oct 1, 2008 (ABN Newswire) - IBA Health Group Limited (ASX:IBA)(PINK:IBATF) - Australia's largest listed health information technology company, today released its 2008 Annual Report, including the financial statements for the period ending 30 June 2008.
The annual report contains a material reclassification of an amount between Other Current Assets and Other Current Liabilities to that reported in the Appendix 4E lodged on 25 August 2008. This reclassification has no impact on the reported Net Profit or Net Assets.
The reclassification of A$13,957,000 is between Accrued Revenue and Deferred Revenue. This decreases Current Assets and Current Liabilities accordingly. Disclosure pursuant to ASX Rule 4.5A.
About IBA HEALTH LIMITED
IBA Health Group Limited (ASX: IBA) is the largest specialist information technology company listed on the Australian Securities Exchange.
IBA builds software applications for healthcare. We work with healthcare professionals to design and build solutions that answer all of the difficult questions posed by today's care delivery challenges. Our solutions act as a catalyst for change, supporting the free exchange of critical information across diverse care settings and participant organisations. We are the leader in the provision of advanced application solutions in modern healthcare economies around the world
Today, over 13,000 provider organisations in 35 countries across five continents use IBA's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of our market and anticipation of evolving requirements. Our business is driven by the collective talent, experience and commitment of over 3,500 healthcare IT experts around the globe.
A global network of IBA subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result we offer our customers comprehensive knowledge of local market requirements, in terms of culture, language, working practice, healthcare regulation and organisational structure.
For more information on IBA Health, please visit the Company's website at www.ibahealth.com
Contact
Gary Cohen Executive Chairman & CEO IBA Health Group Limited Phone: +61 2 8251 6700 Email: gary.cohen@ibahealth.com
Media Greg King Group Communications & Marketing Director IBA Health Group Limited Phone: +61 413 621 111 Email: greg.king@ibahealth.com
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