b'ELECTRONIC PRODUCTS RECYCLING ASSOCIATIONStatement of Changes in Net AssetsYear ended December 31, 2019, with comparative information for 2018 British ColumbiaManitobaQuebecAtlantic Canada New BrunswickEffectivenessEffectivenessContingency& EfficiencyContingencyContingencyInvested inContingency& EfficiencyContingencyreserveFundreservereservecapital assetsreserveFundreserve(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$ 30,743,323$1,222,252 $ 9,217,951$ 44,608,601$ 106,902$ 5,708,600$ 664,126 $2,063,984 Excess of expenses over revenue (31,999) Interfund transfers(1,497,182)(198,420)(3,862,689)626,2351,706,208Invested in capital assetsBalance, end of year$29,246,141$1,222,252$9,019,531$ 40,745,912$74,903$ 6,334,835$ 664,126$ 3,770,192SaskatchewanNewfoundland and LabradorHeadquarters20192018EffectivenessInvestedInvestedContingency& EfficiencyContingencyin capitalin capital reserveFundreserveassetsassetsUnrestrictedTotalTotal(note 5(b)) (note 5(a)) (note 5(b)) Balance, beginning of year$11,410,031$ 289,000$3,001,040$ 6,089 $ 155,238$59,406$ 109,256,543$ 110,959,893Excess of expenses over revenue (2,610) (92,482)(3,394,692)(3,521,783)(1,703,350) Interfund transfers(567,294)271,3593,521,783Invested in capital assets 76,797 (76,797)Balance, end of year$10,842,737$ 289,000$3,272,399$ 3,479 $ 139,553 $109,700$ 105,734,760$ 109,256,543See accompanying notes to financial statements.24 EPRA ANNUAL REPORT 2019'