HVBC 2016 Annual Report

FORM 10-K I
TABLE OF CONTENTS 1
PART I 2
Item 1. Business 2
Item 1A. Risk Factors 31
Item 1B. Unresolved Staff Comments 31
Item 2. Properties 32
Item 3. Legal Proceedings 32
Item 4. Mine Safety Disclosures 32
PART II 33
Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 33
Item 6. Selected Financial Data 34
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 36
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 48
Item 8. Financial Statements and Supplementary Data 49
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 96
Item 9A. Controls and Procedures 96
Item 9B. Other Information 96
PART III 97
Item 10. Directors, Executive Officers and Corporate Governance 97
Item 11. Executive Compensation 97
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 97
Item 13. Certain Relationships and Related Transactions, and Director Independence 97
Item 14. Principal Accountant Fees and Services 97
PART IV 98
Item 15. Exhibits and Financial Statement Schedules 98
Item 16. Form 10- K Summary 99
SIGNATURES 100

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