22 EPRA ANNUAL REPORT 2018 2018 2017 Assets Current assets: Cash $ 102,171,250 $ 100,812,615 Accounts receivable (note 2) 12,853,396 14,924,913 Short-term investments – 2,482,581 Prepaid expenses 141,413 104,071 115,166,059 118,324,180 Capital assets (note 3) 268,229 278,639 $ 115,434,288 $ 118,602,819 Liabilities and Net Assets Current liabilities: Accounts payable and accrued liabilities (note 4) $ 6,177,745 $ 7,642,926 Net assets: Effectiveness and Efficiency Fund (note 5(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 5(b)): British Columbia 30,743,323 30,216,907 Manitoba 9,217,951 9,371,453 Quebec 44,608,601 49,559,019 Nova Scotia and Prince Edward Island 5,708,600 4,834,419 Saskatchewan 11,410,031 11,676,854 Newfoundland and Labrador 3,001,040 2,851,096 New Brunswick 2,063,984 (52,868) 106,753,530 108,456,880 Invested in capital assets: Quebec 106,902 128,895 Newfoundland and Labrador 6,089 8,699 Headquarters 155,238 141,045 268,229 278,639 Unrestricted 59,406 48,996 109,256,543 110,959,893 $ 115,434,288 $ 118,602,819 See accompanying notes to financial statements. On behalf of the Board of Directors: Chair December 31, 2018, with comparative information for 2017 ELECTRONIC PRODUCTS RECYCLING ASSOCIATION Statement of Financial Position