GVC HOLDINGS PLC ANNUAL REPORT 2013 21
in place. The Directors have prepared income statement and cash flow forecasts to assess whether the Group
has adequate resources for the foreseeable future.
The Directors consider that the Group has adequate resources to continue in operational existence for the
foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the
consolidated financial statements.
Statement of Directors' Responsibilities
The Directors are responsible for preparing the Directors' report and the financial statements in accordance
with applicable law and regulations.
Company law requires the Directors to keep reliable accounting records which allow financial statements to
be prepared. In addition, the Directors have elected to prepare group financial statements in accordance with
International Financial Reporting Standards as adopted by the European Union and applicable law, and have
elected to prepare the parent company financial statements in accordance with UK accounting standards and
applicable law (UK Generally Accepted Accounting Practice). The financial statements are required to give a
true and fair view of the state of affairs of the Group and Company and of the profit or loss of the Group for
that year. In preparing these financial statements, the Directors are required to:
• select suitable accounting policies and apply them consistently;
• make judgments and estimates that are reasonable and prudent;
• state whether applicable International Financial Reporting Standards and UK Accounting Standards
have been followed, subject to any material departures disclosed and explained in the financial
• prepare the financial statements on a going concern basis unless it is inappropriate to presume that
the Group and Company will continue in business.
The Directors are responsible for keeping reliable accounting records that disclose with reasonable accuracy
at any time the financial position of the Company and enable them to ensure that the financial statements
comply with The Isle of Man Companies Act 2006. They are also responsible for safeguarding the assets of
the Group and hence for taking reasonable steps for the prevention and detection of fraud and other
In so far as the Directors are aware:
• there is no relevant audit information of which the Company's auditors are unaware; and
• the Directors have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
The Directors are responsible for the maintenance and integrity of the corporate and financial information
included on the Company's website. Legislation in the UK governing preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
For and on behalf of the Board of GVC Holdings PLC.
Group Finance Director
8 April 2014
Registered office: Milbourn House, St. Georges Street, Douglas, Isle of Man, IM1 1AJ