Page 34 - MARRC -ANNUAL REPORT 2019 - PROOF

DRAFT
Manitoba Association for Resource Recovery Corp.
Notes to Financial Statements
December 31, 2018

5 Investment income

2018 2017

Used
Lubricating
Products Antifreeze
Stewardship Stewardship
Program Program Total Total
$ $ $ $

Interest and dividends 87,735 6,777 94,512 38,065
Realized gain on sale of
investment - - - 22,955

87,735 6,777 94,512 61,020

6 Government remittances

Government remittances consist of amounts required to be paid to government authorities and are recognized
when the amounts become due. In respect of government remittances, $27,501 (2017 - $48,154) is included
within accounts payable and accrued liabilities.

7 Commitments

Operating lease

The annual minimum rental for leased premises under a lease to February 28, 2023 is as follows:

$

Fiscal year ending December 31, 2019 44,460
2020 45,173
2021 45,315
2022 45,315
2023 7,553

FOR DISCUSSION WITH MANAGEMENT ONLY – SUBJECT TO AMENDMENT
NOT TO BE FURTHER COMMUNICATED (4)

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32 MARRC - Making every drop count