Page 32 - MARRC -ANNUAL REPORT 2019 - PROOF#5

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

Financial instruments

Financial assets and financial liabilities are initially recognized at fair value and subsequently measured at
amortized cost.

Financial assets measured at amortized cost include cash and cash equivalents, investments, environmental
handling charges receivable and accrued interest receivable.

Financial liabilities measured at amortized cost include return and processing incentives payable and accounts
payable and accrued liabilities.

Financial assets are tested for impairment at the end of each reporting period when there are indications that
the assets may be impaired.
4 Investments

Maturity date Interest rate 2018 2017
% $ $

Short-term investments
Crosstown Credit Union GIC August 22, 2019 2.15 225,804 -
Crosstown Credit Union GIC July 4, 2019 1.35 100,000 -
Crosstown Credit Union GIC July 4, 2019 1.35 108,863 -
Canadian Western Bank GIC January 1, 2018 1.80 - 548,000
TD Mortgage Corporation
GIC July 3, 2018 1.20 - 205,777

434,667 753,777

Long-term investments
Crosstown Credit Union GIC August 22, 2019 2.15 - 221,051
Crosstown Credit Union GIC July 8, 2020 2.65 557,933 -
Crosstown Credit Union GIC August 22, 2021 2.40 1,024,000 1,000,000

1,581,933 1,221,051

2,016,600 1,974,828

FOR DISCUSSION WITH MANAGEMENT ONLY – SUBJECT TO AMENDMENT
NOT TO BE FURTHER COMMUNICATED (3)

C:\Users\jmurchison001\Documents\MARRC\Manitoba Association for Resource Recovery Corp. (Dec 2018).docx March 8, 2019 6:13 PM
Version 3.0
31 MARRC - Making every drop count