We have audited the Group financial statements of GVC Holdings PLC for the year ended 31 December 2013 which
comprise the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the
Consolidated Balance Sheet, the Consolidated Statement of Changes in Equity, the Consolidated Statement of
Cashflows and the related notes. The financial reporting framework that has been applied in the preparation of the
Group financial statements is applicable law and International Financial Reporting Standards (IFRSs) as adopted
by the European Union.
This report is made solely to the Company's members, as a body, in accordance with Section 80c (2) 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 21, the Directors are responsible
for the preparation of the Group 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 Group 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
An audit involves obtaining evidence about the amounts and disclosures in the Group financial statements sufficient
to give reasonable assurance that the Group financial statements are free from material misstatement, whether
caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the
Group's circumstances and have been consistently applied and adequately disclosed; the reasonableness of
significant accounting estimates made by the Directors; and the overall presentation of the Group financial statements.
In addition, we read all the financial and non-financial information in the Annual Report to identify material
inconsistencies with the audited consolidated financial statements and to identify any information that is apparently
materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of
performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider
the implications for our report.
Opinion on Financial Statements
In our opinion the Group financial statements:
• give a true and fair view, of the state of the Group's affairs as at 31 December 2013 and Group's profit for the
year then ended;
• have been properly prepared in accordance with International Financial Reporting Standards (as adopted by
the European Union).
We have reported separately on the parent company financial statements of GVC Holdings PLC for the year ended
31 December 2013.
Grant Thornton UK LLP
Statutory Auditor, Chartered Accountants
8 April 2014
GVC HOLDINGS PLC ANNUAL REPORT 2013 23
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
GVC HOLDINGS PLC
AUDITORS REPORT AND PRIMARY FINANCIAL STATEMENTS