CONTENTS
CHAIRMAN’S STATEMENT 2
CHIEF EXECUTIVE REVIEW 3
INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF GAMING VC HOLDINGS SA 6
CONSOLIDATED INCOME STATEMENT 7
CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE 7
CONSOLIDATED BALANCE SHEET 8
CONSOLIDATED STATEMENT OF CASHFLOWS 9
NOTES TO THE CONSOLIDATED ACCOUNTS 10
Significant accounting policies 10
1 Segment reporting 14
2 Acquisitions of subsidiaries 14
3 Personnel expenses 15
4 Net financing costs 15
5 Income tax expense 15
6 Property, plant and equipment 16
7 Intangible assets 17
8 Trade and other receivables 18
9 Cash and cash equivalents 18
10 Capital and reserves 19
11 Earnings per share 20
12 Employee benefits 21
13 Trade and other payables 22
14 Related parties 22
15 Group entities 23
16 Accounting estimates and judgments 23
17 Subsequent events 23
DIRECTORS 24
ADVISERS 26
GAMING VC Holdings SA
(Incorporated in the Grand Duchy of Luxembourg, Registered Number RC Luxembourg B 104348)
