2  annual report 2007
annual report and financial statements for the year
ended 31 may 2007
system c healthcare plc “system c” is an independent british business specialising in the
provision of information systems and services to the healthcare sector
system c works right across the healthcare sector and offers a range of patient management
software applications including the medway patient administration system “pas” and
electronic patient record “epr” as well as the healthdata management suite system c
also has one of the uk’s largest dedicated teams of healthcare it domain experts who have
implemented most kinds of clinical and administrative it systems in all healthcare settings
3 mission and goals
3 highlights of the year
4 chairman’s statement
7 chief executive officer’s
review
13 financial review
16 corporate responsibility
statement
18 board of directors
20 directors’ report
23 corporate governance
statement
27 directors’ remuneration
report
32 statement of directors’
responsibilities
33 independent auditors’
report
35 income statement
36 balance sheet
37 statement of changes in
shareholders’ equity
38 cash flow statement
40 notes to the financial
statements
75 company information


Summary:
 annual report 2007  3
financial highlights
year ended 31 may 2007 2006
£m £m
turnover 135 161
profit from operations 06 01
profit before tax 13 07
cash generated from operations 21 05
basic earnings per share 109p 127p
operating highlights
■ annual revenues of £135m 2006 £161m 
■ withdrawal of accenture from the national programme for it impacted on services
division revenue in the year £10m compared to £126m in prior year
■ expansion and diversification of customer base with tight management of our costs
increased our profit from operations to £06m 2006 £01m and our profit before tax to
£13m 2006 £07m
■ strong cash generation with net cash generated from operations of £21m 2006 £05m
■ net cash at bank of £10m 2006 £8m
■ successful operational delivery of our major contracts we now have contracts with four
out of the five local service provider partners “lsps” in the national programme for it
“npfit” or “national programme” 
■ cost base reduced by over £25m annualised savings during the year
■ recent contract wins include isle of man government nhs connecting for health
diagnostic treatment centres and nhs trusts with a total contract value for system c of
over £13m over 5 years these form the bedrock for future growth
mission and goals