GME 2017 Annual Report

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aT DBSSZJOH WBMVF FYDFFET JUT FTUJNBUFE GBJS WBMVF UIFO BO JNQBJSNFOU DIBSHF JT SFDPSEFE JO UIF BNPVOU PG UIF FYDFTT #BTFE PO UIF SFTVMUT PG PVS BOOVBM JNQBJSNFOU UFTU JO GJTDBM UIF GBJS WBMVF PG PVS 6OJUFE 4UBUFT SFQPSUJOH VOJU FYDFFEFE JUT SFTQFDUJWF DBSSZJOH WBMVF CZ 5IF GBJS WBMVFT PG PVS $BOBEB "VTUSBMJB BOE &VSPQF SFQPSUJOH VOJUT FYDFFEFE UIFJS DBSSZJOH WBMVFT CZ BOE SFTQFDUJWFMZ 8F SFDPHOJ[FE HPPEXJMM JNQBJSNFOU DIBSHFT PG NJMMJPO JO GJTDBM BTTPDJBUFE XJUI 5FDIOPMPHZ #SBOET 4FF /PUF (PPEXJMM BOE *OUBOHJCMF "TTFUT UP PVS DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT GPS BEEJUJPOBM JOGPSNBUJPO +VEHNFOU BOE PS 6ODFSUBJOUZ $POTJEFSBCMF NBOBHFNFOU KVEHNFOU JT OFDFTTBSZ UP FTUJNBUF UIF GBJS WBMVF PG PVS SFQPSUJOH VOJUT 5IF EJTDPVOUFE DBTI GMPXT BOBMZTFT VUJMJ[F B GJWF ZFBS DBTI GMPX QSPKFDUJPO XJUI B UFSNJOBM WBMVF XIJDI BSF EJTDPVOUFE VTJOH B SJTL BEKVTUFE XFJHIUFE BWFSBHF DPTU PG DBQJUBM 5IF QSPKFDUFE DBTI GMPXT JODMVEF OVNFSPVT BTTVNQUJPOT TVDI BT BNPOH PUIFST GVUVSF TBMFT USFOET PQFSBUJOH NBSHJOT TUPSF DPVOU BOE DBQJUBM FYQFOEJUVSFT BMM PG XIJDI BSF EFSJWFE GSPN PVS MPOH UFSN GJOBODJBM GPSFDBTUT 'PS PVS 7JEFP (BNF #SBOET SFQPSUJOH VOJUT UIF QSPKFDUFE TBMFT USFOET JODMVEF FTUJNBUFT SFMBUFE UP UIF HSPXUI SBUF PG UIF EJHJUBM EJTUSJCVUJPO PG OFX WJEFP HBNF TPGUXBSF 'PS PVS 5FDIOPMPHZ #SBOET PVS QSPKFDUFE TBMFT BSF CBTFE PO PVS DVSSFOU DPNQFOTBUJPO TUSVDUVSF XJUI "5 5 XIJDI DBO CF DIBOHFE CZ "5 5 XJUI MJNJUFE BEWBODFE OPUJDF *O BEEJUJPO XF DPSSPCPSBUF UIF BHHSFHBUF GBJS WBMVF PG PVS SFQPSUJOH VOJUT XJUI PVS NBSLFU DBQJUBMJ[BUJPO XIJDI NBZ JNQBDU DFSUBJO BTTVNQUJPOT JO PVS EJTDPVOUFE DBTI GMPXT BOBMZTFT

RkJQdWJsaXNoZXIy NTIzOTM0