H ANNUAL REPORT 2012 o l d i n g G~VC s
We have audited the parent company financial statements of GVC Holdings PLC for the year ended 31 December
2012 which comprise the parent company balance sheet and the related notes. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
This report is made solely to the company's members, as a body, in accordance with Section 80c of the Isle of Man
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those
matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the company and the company's members
as a body, for our audit work, for this report, or for the opinions we have formed.
Respective Responsibilities of Directors and Auditor
As explained more fully in the Directors' Responsibilities Statement set out on page 18, the directors are responsible
for the preparation of the parent company financial statements and for being satisfied that they give a true and fair
view. Our responsibility is to audit and express an opinion on the parent company financial statements in accordance
with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply
with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.
Scope of the Audit of the Financial Statements
A description of the scope of an audit of financial statements is provided on the APB's website at
Opinion on Financial Statements
In our opinion the parent company financial statements:
• give a true and fair view of the state of the Company's affairs as at 31 December 2012;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• have been prepared in accordance with the requirements of The Isle of Man Companies Act 2006.
We have reported separately on the group financial statements of GVC Holdings PLC for the year ended
31 December 2012.
Grant Thornton UK LLP
25 March 2013
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF GVC HOLDINGS PLC