GME 2017 Annual Report
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bSFOU IPMJEBZTc QFSJPET JO XIJDI XF BSF OPU PCMJHBUFE UP QBZ SFOU $BTI PS MFBTF JODFOUJWFT SFDFJWFE VQPO FOUFSJOH JOUP DFSUBJO TUPSF MFBTFT bUFOBOU JNQSPWFNFOU BMMPXBODFTc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a MPDBM DVSSFODJFT 5IF BTTFUT BOE MJBCJMJUJFT PG UIF TVCTJEJBSJFT BSF USBOTMBUFE BU UIF BQQMJDBCMF FYDIBOHF SBUF BT PG UIF FOE PG UIF CBMBODF TIFFU EBUF BOE SFWFOVF BOE FYQFOTFT BSF USBOTMBUFE BU BO BWFSBHF SBUF PWFS UIF QFSJPE $VSSFODZ USBOTMBUJPO BEKVTUNFOUT BSF SFDPSEFE BT B DPNQPOFOU PG PUIFS DPNQSFIFOTJWF JODPNF /FU HBJOT GSPN GPSFJHO DVSSFODZ USBOTBDUJPOT BOE EFSJWBUJWFT BSF JODMVEFE JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT BOE XFSF NJMMJPO NJMMJPO BOE NJMMJPO JO GJTDBM BOE SFTQFDUJWFMZ 5IF GPSFJHO DVSSFODZ USBOTBDUJPO HBJOT BOE MPTTFT BSF QSJNBSJMZ EVF UP UIF EFDSFBTF PS JODSFBTF JO UIF WBMVF PG UIF 6 4 EPMMBS DPNQBSFE UP UIF GVODUJPOBM DVSSFODJFT PG UIF DPVOUSJFT JO XIJDI XF PQFSBUF JOUFSOBUJPOBMMZ 8F VTF GPSXBSE FYDIBOHF DPOUSBDUT GPSFJHO DVSSFODZ PQUJPOT BOE DSPTT DVSSFODZ TXBQT UPHFUIFS UIF bGPSFJHO DVSSFODZ DPOUSBDUTc UP NBOBHF DVSSFODZ SJTL QSJNBSJMZ SFMBUFE UP GPSFJHO DVSSFODZ EFOPNJOBUFE JOUFSDPNQBOZ BTTFUT BOE MJBCJMJUJFT BOE DFSUBJO PUIFS GPSFJHO DVSSFODZ BTTFUT BOE MJBCJMJUJFT 5IFTF GPSFJHO DVSSFODZ DPOUSBDUT BSF OPU EFTJHOBUFE BT IFEHFT BOE UIFSFGPSF DIBOHFT JO UIF GBJS WBMVFT PG UIFTF EFSJWBUJWFT BSF SFDPHOJ[FE JO FBSOJOHT UIFSFCZ PGGTFUUJOH UIF DVSSFOU FBSOJOHT FGGFDU PG UIF SF NFBTVSFNFOU PG SFMBUFE JOUFSDPNQBOZ MPBOT BOE GPSFJHO DVSSFODZ BTTFUT BOE MJBCJMJUJFT 4FF /PUF 'BJS 7BMVF .FBTVSFNFOUT BOE 'JOBODJBM *OTUSVNFOUT GPS BEEJUJPOBM JOGPSNBUJPO SFHBSEJOH PVS GPSFJHO DVSSFODZ DPOUSBDUT 3FDFOUMZ "EPQUFE "DDPVOUJOH 1SPOPVODFNFOUT *O +BOVBSZ UIF '"4# JTTVFE "DDPVOUJOH 4UBOEBSE 6QEBUF "46 *OUBOHJCMFTd (PPEXJMM BOE 0UIFS 4JNQMJGZJOH UIF 5FTU GPS (PPEXJMM *NQBJSNFOU XIJDI TJNQMJGJFT IPX BO FOUJUZ JT SFRVJSFE UP UFTU HPPEXJMM GPS JNQBJSNFOU CZ FMJNJOBUJOH 4UFQ GSPN UIF HPPEXJMM JNQBJSNFOU UFTU 4UFQ NFBTVSFT B HPPEXJMM JNQBJSNFOU MPTT CZ DPNQBSJOH UIF JNQMJFE GBJS WBMVF PG B SFQPSUJOH VOJUaT HPPEXJMM BOE UIF DBSSZJOH BNPVOU *OTUFBE FOUJUJFT XJMM SFDPSE BO JNQBJSNFOU DIBSHF CBTFE PO UIF FYDFTT PG B SFQPSUJOH VOJU T DBSSZJOH BNPVOU PWFS JUT FTUJNBUFE GBJS WBMVF 8F FBSMZ BEPQUFE UIJT VQEBUFE TUBOEBSE FGGFDUJWF +BOVBSZ *O 0DUPCFS UIF '"4# JTTVFE "46 "DDPVOUJOH GPS *ODPNF 5BYFT *OUSB &OUJUZ "TTFU 5SBOTGFST PG "TTFUT 0UIFS UIBO *OWFOUPSZ XIJDI FMJNJOBUFT UIF FYDFQUJPO UP EFGFS UIF UBY FGGFDUT PG JOUSB FOUJUZ BTTFU USBOTGFST JOUFSDPNQBOZ TBMFT 1SJPS UP UIJT VQEBUF UIF UBY FGGFDUT PG JOUSB FOUJUZ BTTFU USBOTGFST XFSF EFGFSSFE VOUJM UIF USBOTGFSSFE BTTFU XBT TPME UP B UIJSE QBSUZ PS PUIFSXJTF SFDPWFSFE UISPVHI VTF XIJDI XBT BO FYDFQUJPO UP UIF HFOFSBM SFRVJSFNFOU GPS DPNQSFIFOTJWF SFDPHOJUJPO PG DVSSFOU BOE EFGFSSFE JODPNF UBYFT 8F FBSMZ BEPQUFE UIJT VQEBUFE TUBOEBSE FGGFDUJWF +BOVBSZ BOE BT B SFTVMU XF SFDPHOJ[F UBY FYQFOTF PS CFOFGJU GSPN JOUFSDPNQBOZ TBMFT PG BTTFUT PUIFS UIBO JOWFOUPSZ JO UIF QFSJPE JO XIJDI UIF USBOTBDUJPO PDDVST *O .BSDI UIF '"4# JTTVFE "46 *NQSPWFNFOUT UP &NQMPZFF 4IBSF #BTFE 1BZNFOU "DDPVOUJOH XIJDI TJNQMJGJFT TFWFSBM BTQFDUT PG BDDPVOUJOH GPS FNQMPZFF TIBSF CBTFE QBZNFOU USBOTBDUJPOT 5IF BNFOENFOUT PG UIF VQEBUFE TUBOEBSE JODMVEF BNPOH PUIFS UIJOHT UIF SFRVJSFNFOU UP SFDPHOJ[F FYDFTT UBY CFOFGJUT BOE EFGJDJFODJFT UISPVHI FBSOJOHT BOE QSFTFOU UIF SFMBUFE DBTI GMPXT JO PQFSBUJOH BDUJWJUJFT JO UIF TUBUFNFOU PG DBTI GMPXT UIF FMFDUJPO PG B QPMJDZ UP FJUIFS FTUJNBUF GPSGFJUVSFT XIFO EFUFSNJOJOH QFSJPEJD FYQFOTF PS SFDPHOJ[F BDUVBM GPSGFJUVSFT XIFO UIFZ PDDVS BOE BO JODSFBTF JO UIF BMMPXBCMF JODPNF UBY XJUIIPMEJOH GSPN UIF NJOJNVN UP NBYJNVN TUBUVUPSZ SBUF BOE JUT DMBTTJGJDBUJPO JO UIF TUBUFNFOU PG DBTI GMPXT "T B SFTVMU PG UIF BEPQUJPO PG UIJT VQEBUFE TUBOEBSE FGGFDUJWF +BOVBSZ FYDFTT UBY CFOFGJUT BOE EFGJDJFODJFT BSF SFDPHOJ[FE JO PVS SFTVMUT PG PQFSBUJPOT BOE BSF QSFTFOUFE JO DBTI GMPXT GSPN PQFSBUJOH BDUJWJUJFT JO PVS TUBUFNFOU PG DBTI GMPXT PO B QSPTQFDUJWF CBTJT *O BEEJUJPO XF FMFDUFE UP SFDPHOJ[F BDUVBM GPSGFJUVSFT PG TUPDL CBTFE BXBSET BT UIFZ PDDVS 5IF BEPQUJPO PG UIJT VQEBUFE TUBOEBSE EJE OPU SFTVMU JO B NBUFSJBM JNQBDU UP PVS DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT (".&4501 $031 /05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54 '
Made with FlippingBook
RkJQdWJsaXNoZXIy NTIzOTM0