24 EPRA ANNUAL REPORT 2018 British Columbia Manitoba Quebec Nova Scotia and New Prince Edward Island Brunswick Effectiveness Effectiveness Contingency & Efficiency Contingency Contingency Invested in Contingency & Efficiency Contingency reserve Fund reserve reserve capital assets reserve Fund reserve (note 5(b)) (note 5(a)) (note 5(b)) (note 5(b)) (note 5(b)) (note 5(a)) (note 5(b)) Balance, beginning of year $30,216,907 $ 1,222,252 $ 9,371,453 $ 49,559,019 $ 128,895 $ 4,834,419 $ 664,126 $ (52,868) Excess of expenses over revenue – – – – (33,564) – – – Interfund transfers 526,416 – (153,502) (4,950,418) – 874,181 – 2,116,852 Invested in capital assets – – – – 11,571 – – – Balance, end of year $ 30,743,323 $ 1,222,252 $ 9,217,951 $ 44,608,601 $ 106,902 $ 5,708,600 $ 664,126 $ 2,063,984 ELECTRONIC PRODUCTS RECYCLING ASSOCIATION Statement of Changes in Net Assets Year ended December 31, 2018, with comparative information for 2017 Saskatchewan Newfoundland and Labrador Headquarters 2018 2017 Effectiveness Invested Invested Contingency & Efficiency Contingency in capital in capital reserve Fund reserve assets assets Unrestricted Total Total (note 5(b)) (note 5(a)) (note 5(b)) Balance, beginning of year $ 11,676,854 $ 289,000 $ 2,851,096 $ 8,699 $ 141,045 $ 48,996 $ 110,959,893 $ 114,446,925 Excess of expenses over revenue – – – (2,610) (79,243) (1,587,933) (1,703,350) (3,487,032) Interfund transfers – 149,944 – – 1,703,350 – – Invested in capital assets – – – – 93,436 (105,007) – – Balance, end of year $ 11,410,031 $ 289,000 $ 3,001,040 $ 6,089 $ 155,238 $ 59,406 $ 109,256,543 $ 110,959,893 See accompanying notes to financial statements.