Annual Results for year ending 31/03/05

FLLYR: FIN: FY to 31/03/2005 $174,000 (Loss$96,000)

LISTED ISSUER: Finzsoft Solutions Limited

CONSOLIDATED OPERATING STATEMENT FOR THE FULL YEAR ENDED 31/03/2005

Un/Audited NZ$'000

Current Period; (Previous Corresponding Period)

OPERATING REVENUE

Chairman's Report

The Chairman of Finzsoft Solutions Limited, Mr Don Hattaway is pleased to report another year of substantial progress for Finzsoft Solutions Ltd. Mr Hattaway said "the company experienced good growth with turnover up 29% on the previous year at $7,043,617. The trading profit before tax and amortisation of $716,171, is a significant increase over $318,293 in the previous year.
This represents a return on equity of 21%."

Finzsoft Solutions Ltd group's principal activity is computer software development, sale and support. The nature of the Group's business has not changed during the year. The main product is the Sovereign finance and banking software. This software operates the core business for finance companies, building societies, mortgage lenders, credit unions and all finance institutions that lend money or take savings and deposits.

The Managing Director, Mr Barrie Shannon said "the significant events during the year included maintaining our strong product development at the same time as ongoing market expansion. The New Zealand market showed continued good growth with our client base of the larger non bank finance institutions increasing during the year. Those institutions have grown substantially and Finzsoft must continue to expand our client support structures in parallel with product development itself. "

He also stated "our international marketing continues with good interest with Australia as our major focus. Finzsoft anticipate maintaining its growth rate in the current year, as our investment in infrastructure, product, and people results in increased revenues. The directors believe that the cautious financial approach taken to date is in the best interest of the company and shareholders."

Mr Shannon commented further "that Finzsoft is fortunate having a strong team of highly skilled staff and we are actively recruiting further appropriate people."

The Directors have considered payment of a dividend to shareholders and have resolved that funds are best utilised within the company developments at present. Dividend policy will be reviewed each six months.