CONTENTS
CHAIRMAN’S STATEMENT 2
CHIEF EXECUTIVE STATEMENT 3
INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF GAMING VC HOLDINGS SA 6
CONSOLIDATED INCOME STATEMENT 8
CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE 8
CONSOLIDATED BALANCE SHEET 9
CONSOLIDATED STATEMENT OF CASHFLOWS 10
NOTES TO THE CONSOLIDATED ACCOUNTS 11
Signi˘cant accounting policies 11
1 Segment reporting 17
2 Personnel expenses 18
3 Net ˘nancing costs 18
4 Income tax expense 18
5 Property, plant and equipment 19
6 Intangible assets 20
7 Trade and other receivables 21
8 Cash and cash equivalents 21
9 Capital and reserves 22
10 Earnings per share 23
11 Employee bene˘ts 24
12 Trade and other payables 26
13 Financial Instruments 26
14 Related parties 28
15 Group entities 28
16 Accounting estimates and judgments 28
17 Subsequent events 28
DIRECTORS 29
ADVISERS 30
GAMING VC Holdings SA
(Incorporated in the Grand Duchy of Luxembourg, Registered Number RC Luxembourg B 104348)
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