GME 2017 Annual Report
3FDFOU "DDPVOUJOH 1SPOPVODFNFOUT *O "VHVTU UIF '"4# JTTVFE "46 %FSJWBUJWFT BOE )FEHJOH 5PQJD 5BSHFUFE *NQSPWFNFOUT UP "DDPVOUJOH GPS )FEHJOH "DUJWJUJFT 5IF OFX HVJEBODF JT JOUFOEFE UP NPSF DMPTFMZ BMJHO IFEHF BDDPVOUJOH XJUI FOUJUJFTa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aT JNQBDU UP FBDI PG PVS GJOBODJBM TUBUFNFOU MJOF JUFNT EVSJOH GJTDBM 5IF DVNVMBUJWF FGGFDU BEKVTUNFOU XJMM JODMVEF B SFEVDUJPO PG PVS HJGU DBSE BOE DVTUPNFS EFQPTJU MJBCJMJUJFT PG BQQSPYJNBUFMZ NJMMJPO BO JODSFBTF UP PVS MPZBMUZ QSPHSBN MJBCJMJUJFT PG BQQSPYJNBUFMZ NJMMJPO BOE B OFU JODSFBTF UP PVS SFUBJOFE FBSOJOHT PG BQQSPYJNBUFMZ NJMMJPO BQQSPYJNBUFMZ NJMMJPO OFU PG UBY *O BEEJUJPO UIF BEPQUJPO PG UIF OFX TUBOEBSE XJMM SFTVMU JO FYQBOEFE SFWFOVF SFDPHOJUJPO EJTDMPTVSFT 8F EP OPU FYQFDU UIF BEPQUJPO PG UIF OFX SFWFOVF TUBOEBSE UP IBWF B NBUFSJBM JNQBDU UP PVS DPOTPMJEBUFE TUBUFNFOUT PG PQFSBUJPOT PS TUBUFNFOUT PG DBTI GMPXT *O 'FCSVBSZ UIF '"4# JTTVFE "46 -FBTFT 5IF TUBOEBSE SFRVJSFT B MFTTFF UP SFDPHOJ[F B MJBCJMJUZ SFMBUFE UP MFBTF QBZNFOUT BOE BO PGGTFUUJOH SJHIU PG VTF BTTFU SFQSFTFOUJOH B SJHIU UP VTF UIF VOEFSMZJOH BTTFU GPS UIF MFBTF UFSN PO UIF CBMBODF TIFFU &OUJUJFT BSF SFRVJSFE UP VTF B NPEJGJFE SFUSPTQFDUJWF USBOTJUJPO BQQSPBDI GPS MFBTFT UIBU FYJTU PS BSF FOUFSFE JOUP BGUFS UIF CFHJOOJOH PG UIF FBSMJFTU DPNQBSBUJWF QFSJPE QSFTFOUFE JO UIF GJOBODJBM TUBUFNFOUT XJUI DFSUBJO SFMJFGT BWBJMBCMF 5IF "46 JT FGGFDUJWF GPS GJTDBM ZFBST BOE JOUFSJN QFSJPET XJUIJO UIPTF ZFBST CFHJOOJOH BGUFS %FDFNCFS XJUI FBSMZ BEPQUJPO QFSNJUUFE 8F BSF DVSSFOUMZ FWBMVBUJOH UIF PWFSBMM JNQBDU UP PVS DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT UIPVHI XF FYQFDU UIF BEPQUJPO UP SFTVMU JO B NBUFSJBM JODSFBTF JO UIF BTTFUT BOE MJBCJMJUJFT SFGMFDUFE JO PVS DPOTPMJEBUFE CBMBODF TIFFUT (".&4501 $031 /05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54 '
Made with FlippingBook
RkJQdWJsaXNoZXIy NTIzOTM0