GME 2017 Annual Report
5SBEFNBSLT 8F IBWF B OVNCFS PG USBEFNBSLT BOE TFSWJDFNBSLT JODMVEJOH b(BNF4UPQ c b(BNF *OGPSNFS c b&#(BNFT c b&MFDUSPOJDT #PVUJRVF c b5IJOL(FFL c b;JOH 1PQ $VMUVSF c b4QSJOH .PCJMF c b4JNQMZ .BD c b1PXFS UP UIF 1MBZFST 5. c BOE b1PXFS6Q 3FXBSET c XIJDI IBWF CFFO SFHJTUFSFE CZ VT XJUI UIF 6 4 1BUFOU BOE 5SBEFNBSL 0GGJDF 'PS NBOZ PG PVS USBEFNBSLT BOE TFSWJDFNBSLT JODMVEJOH b.JDSPNBOJB c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b*OWFTUPS 3FMBUJPOT f 'JOBODJBM *OGPSNBUJPO c GSFF PG DIBSHF PVS BOOVBM SFQPSUT PO 'PSN , RVBSUFSMZ SFQPSUT PO 'PSN 2 DVSSFOU SFQPSUT PO 'PSN , BOE BNFOENFOUT UP UIPTF SFQPSUT BT TPPO BT SFBTPOBCMZ QSBDUJDBCMF BGUFS XF FMFDUSPOJDBMMZ GJMF PS GVSOJTI TVDI NBUFSJBM UP UIF 4FDVSJUJFT BOE &YDIBOHF $PNNJTTJPO b4&$c :PV NBZ SFBE BOE DPQZ UIJT JOGPSNBUJPO PS PCUBJO DPQJFT PG UIJT JOGPSNBUJPO CZ NBJM GSPN UIF 1VCMJD 3FGFSFODF 3PPN PG UIF 4&$ ' 4USFFU / & 8BTIJOHUPO % $ BU QSFTDSJCFE SBUFT 'VSUIFS JOGPSNBUJPO PO UIF PQFSBUJPO PG UIF 4&$aT 1VCMJD 3FGFSFODF 3PPN JO 8BTIJOHUPO % $ DBO CF PCUBJOFE CZ DBMMJOH UIF 4&$ BU 4&$ 5IF 4&$ BMTP NBJOUBJOT B XFCTJUF UIBU DPOUBJOT SFQPSUT QSPYZ TUBUFNFOUT BOE PUIFS JOGPSNBUJPO BCPVU JTTVFST MJLF (BNF4UPQ XIP GJMF FMFDUSPOJDBMMZ XJUI UIF 4&$ 5IF BEESFTT PG UIBU TJUF JT IUUQ XXX TFD HPW *O BEEJUJPO UP DPQJFT PG PVS BOOVBM SFQPSUT PO 'PSN , RVBSUFSMZ SFQPSUT PO'PSN 2 DVSSFOU SFQPSUT PO'PSN , BOE BNFOENFOUT UP UIPTF SFQPSUT PVS $PEFPG 4UBOEBSET &UIJDT BOE $POEVDU JT BWBJMBCMF PO PVS XFCTJUF VOEFS b*OWFTUPS 3FMBUJPOT f $PSQPSBUF (PWFSOBODFc BOE JT BWBJMBCMF UP PVS TUPDLIPMEFST JO QSJOU GSFF PG DIBSHF VQPO XSJUUFO SFRVFTU UP UIF *OWFTUPS 3FMBUJPOT %FQBSUNFOU BU (BNF4UPQ $PSQ 8FTUQPSU 1BSLXBZ (SBQFWJOF 5FYBT 5IF DPOUFOUT PG PVS DPSQPSBUF XFCTJUF BSF OPU QBSU PG UIJT "OOVBM 3FQPSU PO 'PSN , PS BOZ PUIFS SFQPSU XF GJMF XJUI PS GVSOJTI UP UIF 4&$ *5&. " 3*4, '"$5034 "O JOWFTUNFOU JO PVS DPNQBOZ JOWPMWFT B IJHI EFHSFF PG SJTL :PV TIPVME DBSFGVMMZ DPOTJEFS UIF SJTLT CFMPX UPHFUIFS XJUI UIF PUIFS JOGPSNBUJPO DPOUBJOFE JO UIJT SFQPSU CFGPSF ZPVNBLF BO JOWFTUNFOU EFDJTJPOXJUI SFTQFDU UP PVS DPNQBOZ 5IF SJTLT EFTDSJCFE CFMPX BSF OPU UIF POMZ POFT GBDJOH VT "EEJUJPOBM SJTLT OPU QSFTFOUMZ LOPXO UP VT PS UIBU XF DPOTJEFS JNNBUFSJBM NBZ BMTP JNQBJS PVS CVTJOFTT PQFSBUJPOT "OZ PG UIF GPMMPXJOH SJTLT DPVME NBUFSJBMMZ BEWFSTFMZ BGGFDU PVS CVTJOFTT PQFSBUJOH SFTVMUT PS GJOBODJBM DPOEJUJPO BOE DPVME DBVTF B EFDMJOF JO UIF USBEJOH QSJDF PG PVS DPNNPO TUPDL BOE UIF WBMVF PG ZPVS JOWFTUNFOU 3JTLT 3FMBUFE UP 0VS #VTJOFTT &DPOPNJD DPOEJUJPOT JO UIF 6 4 BOE JO DFSUBJO JOUFSOBUJPOBM NBSLFUT DPVME BEWFSTFMZ BGGFDU EFNBOE GPS UIF QSPEVDUT XF TFMM 4BMFT PG PVS QSPEVDUT JOWPMWF EJTDSFUJPOBSZ TQFOEJOH CZ DPOTVNFST $POTVNFST BSF UZQJDBMMZ NPSF MJLFMZ UP NBLF EJTDSFUJPOBSZ QVSDIBTFT JODMVEJOH QVSDIBTJOH WJEFP HBNF QSPEVDUT XIFO UIFSF BSF GBWPSBCMF FDPOPNJD DPOEJUJPOT $POTVNFS TQFOEJOH NBZ CF BGGFDUFE CZ NBOZ FDPOPNJD GBDUPST PVUTJEF PG UIF $PNQBOZ T DPOUSPM 4PNF PG UIFTF GBDUPST JODMVEF DPOTVNFS EJTQPTBCMF JODPNF MFWFMT DPOTVNFS DPOGJEFODF JO DVSSFOU BOE GVUVSF FDPOPNJD DPOEJUJPOT MFWFMT PG FNQMPZNFOU DPOTVNFS DSFEJU BWBJMBCJMJUZ DPOTVNFS EFCU MFWFMT JOGMBUJPO QPMJUJDBM DPOEJUJPOT BOE UIF FGGFDU PG XFBUIFS OBUVSBM EJTBTUFST BOE DJWJM EJTUVSCBODFT 5IFTF BOE PUIFS FDPOPNJD GBDUPST DPVME BEWFSTFMZ BGGFDU EFNBOE GPS PVS QSPEVDUT XIJDI NBZ OFHBUJWFMZ JNQBDU PVS CVTJOFTT SFTVMUT PG PQFSBUJPOT BOE GJOBODJBM DPOEJUJPO
Made with FlippingBook
RkJQdWJsaXNoZXIy NTIzOTM0