22 EPRA ANNUAL REPORT 2017 2017 2016 Assets Current assets: Cash $ 100,812,615 $ 103,311,729 Accounts receivable (note 2) 14,924,913 11,252,611 Short-term investments (note 3) 2,482,581 4,339,936 Prepaid expenses 104,071 132,514 118,324,180 119,036,790 Long-term investments – 2,456,785 Capital assets (note 4) 278,639 88,815 $ 118,602,819 $ 121,582,390 Liabilities and Net Assets Current liabilities: Accounts payable and accrued liabilities (note 5) $ 7,642,926 $ 7,135,465 Net assets: Effectiveness and Efficiency Fund (note 6(a)): British Columbia 1,222,252 1,222,252 Nova Scotia and Prince Edward Island 664,126 664,126 Saskatchewan 289,000 289,000 2,175,378 2,175,378 Contingency reserve (note 6(b)): British Columbia 30,216,907 27,764,892 Manitoba 9,371,453 9,216,518 Quebec 49,559,019 56,646,937 Nova Scotia and Prince Edward Island 4,834,419 4,288,190 Saskatchewan 11,676,854 12,052,533 Newfoundland 2,851,096 2,616,348 108,509,748 112,585,418 Invested in capital assets: Quebec 128,895 10,349 Headquarters 141,045 67,157 Newfoundland and Labrador 8,699 11,309 278,639 88,815 Unrestricted (3,872) (402,686) 110,959,893 114,446,925 $ 118,602,819 $ 121,582,390 See accompanying notes to financial statements. On behalf of the Board of Directors: Chair December 31, 2017, with comparative information for 2016 ELECTRONIC PRODUCTS RECYCLING ASSOCIATION Statement of Financial Position