24 EPRA ANNUAL REPORT 2017 British Columbia Manitoba Quebec Nova Scotia and Prince Edward Island Effectiveness Effectiveness Contingency & Efficiency Contingency Contingency Invested in Contingency & Efficiency reserve Fund reserve reserve capital assets reserve Fund (note 6(b)) (note 6(a)) (note 6(b)) (note 6(b)) (note 6(b)) (note 6(a)) Balance, beginning of year $ 27,764,892 $ 1,222,252 $ 9,216,518 $ 56,646,937 $ 10,349 $ 4,288,190 $ 664,126 Excess of expenses over revenue – – – – (29,879) – – Interfund transfers 2,452,015 – 154,935 (7,087,918) – 546,229 – Invested in capital assets – – – – 148,425 – – Balance, end of year $ 30,216,907 $ 1,222,252 $ 9,371,453 $ 49,559,019 $ 128,895 $ 4,834,419 $ 664,126 ELECTRONIC PRODUCTS RECYCLING ASSOCIATION Statement of Changes in Net Assets Year ended December 31, 2017, with comparative information for 2016 Saskatchewan Newfoundland and Labrador Headquarters 2017 2016 Effectiveness Invested Invested Contingency & Efficiency Contingency in capital in capital reserve Fund reserve assets assets Unrestricted Total Total (note 6(b)) (note 6(a)) (note 7(b)) Balance, beginning of year $ 12,052,533 $ 289,000 $ 2,616,348 $ 11,309 $ 67,157 $ (402,686) $ 114,446,925 $ 124,272,308 Excess of expenses over revenue – – – (2,610) (32,533) (3,422,010) (3,487,032) (9,825,383) Interfund transfers (375,679) – 234,748 – – 4,075,670 – – Invested in capital assets – – – – 106,421 (254,846) – – Balance, end of year $ 11,676,854 $ 289,000 $ 2,851,096 $ 8,699 $ 141,045 $ (3,872) $ 110,959,893 $ 114,446,925 See accompanying notes to financial statements.