b'EPRA ANNUAL REPORT 2014ELECTRONIC PRODUCTS RECYCLING ASSOCIATIONstatement of financial positionDecember 31, 2014, with comparative information for 2013 2014 2013 Assets Current assets: Cash and cash equivalents$109,482,786 $75,070,319Accounts receivable (note 2)18,356,123 22,232,849Short-term investments (note 3)4,200,000 4,448,073Prepaid expenses62,242 55,241 132,101,151101,806,482Long-term investments (note 4)2,389,323 Capital assets (note 5)280,023 407,346 $134,770,497$102,213,828Liabilities and Net Assets Current liabilities:Accounts payable and accrued liabilities (note 6)$9,151,603 $9,656,937Net assets:Effectiveness and Efficiency Fund (note 7(a)):British Columbia1,222,252 1,222,252Nova Scotia and Prince Edward Island664,126 664,126Saskatchewan289,000 289,0002,175,378 2,175,378Contingency reserve (note 7(b)):British Columbia29,307,483 26,329,114Manitoba8,853,135 5,177,799Quebec63,876,133 41,760,704Nova Scotia and Prince Edward Island6,080,410 4,870,729Saskatchewan12,664,654 11,029,082Newfoundland & Labrador2,334,066 886,450123,115,881 90,053,878Invested in capital assets:Quebec175,455 327,635Headquarters104,568 79,711280,023 407,346Unrestricted47,612 (79,711)125,618,894 92,556,891$134,770,497 $102,213,828See accompanying notes to financial statements.On behalf of the Board:DirectorDirector19'