Independent Auditor's Report 107
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF GVC HOLDINGS PLC
We have audited the parent company financial statements of GVC Holdings PLC for
the year ended 31 December 2016 which comprise the Balance Sheet, Statement
of Changes in Equity 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),
including Financial Reporting Standard 101 "Reduced Disclosure Framework".
This report is made solely to the Company's members, as a body. 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 Statement of Directors' Responsibilities on page 43,
the Directors are responsible for the preparation of the parent company financial
statements which 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 Ethical
Standards for Auditors.
Scope of the Audit of the Financial Statements
An audit involves obtaining evidence about the amounts and disclosures in the
financial statements sufficient to give reasonable assurance that the 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 Company'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 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 our 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 parent company financial statements:
• give a true and fair view of the state of the Company's affairs as at
31 December 2016; and
• have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice, including FRS 101.
We have reported separately on the Group financial statements of
GVC Holdings PLC for the year ended 31 December 2016.
Grant Thornton UK LLP
23 March 2017