Page 28 - MARRC -ANNUAL REPORT 2019 - PROOF#5

Manitoba Association for Resource Recovery Corp. DRAFT
Statement of Changes in Net Assets
For the year ended December 31, 2018

2018 2017

Used
Lubricating
Products Antifreeze Diesel Invested in
Stewardship Stewardship Exhaust Capital
Program Program Fluid Assets Total Total
$ $ $ $ $ $

Balance - Beginning of year 3,059,122 349,066 - 3,985 3,412,173 3,467,215

Excess (deficiency) of revenue
over expenses (345,616) (1,892) 24,157 (1,793) (325,144) (55,042)
Purchases of capital assets (3,807) - - 3,807 - -

Balance - End of year 2,709,699 347,174 24,157 5,999 3,087,029 3,412,173

The accompanying notes are an integral part of these financial statements.

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

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27 MARRC - Making every drop count