b'EPRA ANNUAL REPORT 2014ELECTRONIC PRODUCTS RECYCLING ASSOCIATIONstatement of Changes in net AssetsYear ended December 31, 2014, with comparative information for 2013British ColumbiamanitobaQuebecnova scotia andprince edward islandEffectivenessEffectivenessContingencyand EfficiencyContingencyContingencyInvested inContingencyand EfficiencyreserveFundreservereservecapital assetsreserveFund(note 7(b)) (note 7(a)) (note 7(b)) (note 7(b))(note 7(b))(note 7(a))Balance, beginning of year$ 26,329,114$1,222,252$5,177,799$ 41,760,704$327,635$4,870,729$664,126Transfer of net assetsto the Association (note 8)Excess of revenue over expenses(152,180)Interfund transfers2,978,3693,675,33622,115,4291,209,681Invested in capital assetsBalance, end of year$ 29,307,483$1,222,252$8,853,135$ 63,876,133$175,455$6,080,410$664,126saskatchewannewfoundland Headquarters & Labrador 20142013EffectivenessInvestedand efficiencyContingencyContingencyin capital FundreservereserveassetsUnrestrictedTotalTotal(note 7(a)) (note 7(b)) (note 7(b)) Balance, beginning of year$289,000$ 11,029,082$886,450$79,711$(79,711)$ 92,556,891$ 36,129,361Transfer of net assetsto the Association (note 8)11,019,191Excess of revenue over expenses(22,177)33,236,36033,062,00345,408,339Interfund transfers1,635,5721,447,616 (33,062,003)Invested in capital assets47,034 (47,034)Balance, end of year$289,000$ 12,664,654$2,334,066$104,568$47,612$125,618,894$ 92,556,891 See accompanying notes to financial statements.21'