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Environmental Services Association of Alberta (ESAA)#102, 2528 Ellwood Drive SW
Edmonton, AB T6X 0A9
Phone: 780.429.6363
Fax: 780.429.4249
www.esaa.org
Environmental Services Association of Alberta
2017 Annual Report
2017 Annual Report 1
VisionThe Environmental Services Association of Alberta (ESAA)
is a not-for-profit, event funded and membership driven
association dedicated to supporting a strong environmental
services industry.
MandateESAA’s mandate is to be a leader in promoting and
developing the environmental services industry through
education, events and meetings which facilitate productive
relationships with relevant organizations and government.
ValuesESAA is and will remain accountable to its members for
operating in a financially responsible manner while delivering
high quality events and providing relevant services.
ESAA is a leading industry association responsive to the
needs of the environmental services industry by providing
a forum for engagement that supports dialogue with and
between industry and government stakeholders.
ESAA is committed to supporting the growth of the
Environmental Artworks Foundation of Alberta and other
community and charitable initiatives.
ESAA has a strong and engaged volunteer Board actively
contributing to the organization activities.
2 Environmental Services Association of Alberta
This past year was full of
change, growth and renewed
optimism throughout our
industry. On behalf of the
ESAA Board of Directors, I
am pleased to report that
ESAA’s committed vision for
the future has benefited the
organization by realigning
it to keep the pace with our
changing industry. As reported
in the 2016 Annual General
Meeting, the continual
investment in the evolution
of membership services has provided opportunities for solid
growth of our organization further securing ESAA’s position
as the top environmental services organization in Canada.
Due to operational efficiencies instituted in 2016, ESAA was
financially well positioned for excellence in 2017. We are
proud to report that the organization weathered the market
changes without requiring staff layoffs, office closure or any
other drastic financial measures. Although previous years
have posed a financial challenge, they were paramount in
spurring the organization to develop a disaster recovery plan
resulting in the development of a framework of options and
strategies to implement when triggered by external events.
The ESAA Board of Directors continues to refine and adjust
operational plans, and finalized a Performance Management
Program for ESAA staff in alignment with the organization’s
Strategic Plan. The next three years of ESAA’s Strategic Plan
will focus on the extension of membership services that
respond to the needs of our evolving membership base,
developing programs which capture new market sectors, and
expanding relationships within government and industry.
We are immensely proud to report that membership
numbers have remained stable which speaks to the loyalty of
our members. This fall, ESAA hosted a member appreciation
food truck event, to thank our members for their long-term
support. This event was well attended and provided ESAA
with the opportunity to connect with our members to show
our gratitude for their continued support.
This year we offered a single day “Regulatory Update
Forum” and a condensed Environment Business program.
With a mixture of sadness and excitement, ESAA hosted
the final WaterTech conference and unveiled the new
EnviroTech conference to be held in Calgary in the spring
of 2018. EnviroTech is designed to respond to the needs of
our changing membership, extending the reach of sectors
captured. With an overwhelming number of abstracts
leading to an expansion of the program and increased
exhibit space, along with solid sales, early signs indicate this
event is poised for success.
In 2017, ESAA directly helped to raise over $28,000 for
various charities, through our continuing commitments to
support charitable initiatives including the Environmental
Artworks Foundation of Alberta, which celebrated it’s 13th
year.
I commend the dedicated efforts of the ESAA staff and the
Board of Directors who continue to work hard to ensure
that ESAA remains a valuable resource to the environmental
services industry.
Lastly, as my last term with the Board of Directors comes
to a close, I wish to thank the ESAA staff, my fellow board
members and the ESAA membership for the honour
in serving this organization for the past 6 years. This
organization is in capable hands to deliver on the Strategic
Plan with a steadfast vision for ESAA’s future.
Thank you for your continued support.
Jennifer Keller
ESAA President
President’s Report
2017 Annual Report 3
ESAA Management Report
This past year was ESAA’s 30th year serving Alberta’s
environment industry, and during that time ESAA remained
versatile and resilient to meet the needs of a fast-paced
industry. At inception, ESAA was named the Alberta Special
Waste Services Association (ASWSA) which was formed to
assist waste companies in the developing environmental
sector. The companies that constituted the membership
of the ASWSA handled, transported, and disposed of
hazardous waste. The Association provided these companies
timely regulatory and marketing information that assisted
them in their operations and provided valuable networking
and educational opportunities.
ASWSA’s first significant project was the delivery of the
province-wide Household Toxic Roundup Program for the
Government of Alberta and business was focused solely in
the waste sector. However, the needs of the industry began
to expand and diversify. The ASWSA recognised the demand
for a more diverse industry association and rebranded as
the Environmental Services Association of Alberta (ESAA).
Since this evolution, ESAA has grown to become one of
Canada’s largest and most respected environmental industry
associations.
As ESAA enters its 31st year, the Association continues to
represent a rapidly evolving and innovative industry sector.
As the needs of the environment industry change, ESAA
strives to make a difference to our members’ businesses and
the environment industry by continuing to provide timely
information, opportunities, and educational networking
events that will positively impact their business. These
fundamental concepts formed the foundation that ESAA
was built on over 30 years ago.
Today, ESAA has over 250 members that represent multiple
disciplines in the environmental industry including industrial
services, remediation, reclamation, waste handlers and
recyclers, consultants, laboratories, manufacturers and
industry. Membership involvement continues to set ESAA
apart as an Association leader with new membership
programs like the Environment Industry Awards and the
Industry Photo Contest continuing to grow. In 2017, ESAA
awarded two member companies with Environmental
Industry Awards in the category of Environmental
Innovation, and ESAA received a record number of photo
submissions to the ESAA Photo Contest.
ESAA’s staff have worked hard to improve its existing
programs and services including B.I.D.S., The Weekly News,
Environment Business, professional development courses,
member networking activities, and conferences. RemTech
remains ESAA’s flagship event receiving a record number
of abstract submissions leading to the most extensive
program to-date. It also featured a delegation from China
who participated in a workshop organised by both ESAA
and Alberta Economic Development and Trade titled “Is
China’s Remediation Market right for you?”. There was
an overwhelming response from delegates with over 75
companies participating.
In April of 2017, ESAA hosted the last WaterTech
conference. After much deliberation, ESAA recognised
that evolving the conference into EnviroTech was a wise
long-term decision to meet the needs of ESAA’s growing
membership. EnviroTech will take place in Calgary and will
include a more extensive and diverse program providing
continued on next page…
4 Environmental Services Association of Alberta
The Association
Board of DirectorsJennifer Keller –President
CH2M Canada
Peter Olmsted – Vice-President
Matrix Solutions Inc.
Gordon Nelson – Treasurer
AGAT Laboratories
Shawn Samborsky – Secretary
KBL Environmental
Bonnie Drozdowski – Director
InnoTech Alberta
Anthony Neumann – Director
Exova
Gavin Scott – Director
Waste Management
Lisa Semenchuk – Director
The Gavia Group
Stacy Thygesen - Director
JSK Consulting
StaffJanelle Byma
Member Services Clerk
Joe Chowaniec
Director, Program & Event Development
Lisa Kinasewich
Manager, Industry & Government Relations
ESAA Board Members are active on the following committees:
Alberta Recycling Management Authority
(ARMA) Board of Directors
Artworks Selection Committee
RemTech Abstract Review Committee
ESAA Industry Awards Committee
Services Provided By:Auditors: Collins Barrow
Banking: Alberta Treasury Branch (ATB)
Legal Counsel: McLennan Ross LLP
Environmental Services Association of Alberta (ESAA)
#102, 2528 Ellwood Drive SW
Edmonton, AB T6X 0A9
Phone: 780.429.6363
Fax: 780.429.4249
www.esaa.org
opportunities to a broader range of environmental
disciplines. We look forward to welcoming all of our
delegates, presenters and sponsors in April of 2018!
ESAA management remains committed to accountability and
long-term fiscal sustainability as demonstrated by the results
outlined in this report and financial audit. ESAA would like
to thank the members for their continued involvement and
support which is vital to the growth of the Association.
…ESAA Management Report continued from page 3
With your help, we look forward to representing Alberta’s
environment industry for the next 30 years.
ESAA Management
2017 Annual Report 5
2017 Association Highlights
Major Activities
WaterTech Draws to a CloseAfter 10 years of providing the membership and industry
with the latest water-related technical information, ESAA
announced at the close of WaterTech 2017 that the
conference would be expanding and moving. The new
EnviroTech conference will take place in Calgary in April
2018. EnviroTech will still have a strong water focus but will
include other subsectors of the environment and current hot
topics and trends.
Details at www.esaa.org/envirotech.
Ongoing EventsIn 2017, ESAA once again hosted the Environment Business
Professional Development Courses, RemTech, a Regulatory
Forum and The Brian Winters Memorial Golf Tournament.
Providing members and the industry educational and
networking opportunities remains one of ESAA’s most
important objectives.
Industry Awards and Photo ContestThe ESAA Industry Awards acknowledged the environmental
innovations of two members. The winners were North
Shore Environmental Consultants and Hemmera Envirochem.
Details at www.esaa.org/industryawards.
The theme of the 2017 ESAA Photo Contest was “Iconic
Canadian Landscapes”. Submissions highlighted the beauty
of Canada as the country celebrated its 150th birthday.
Details at www.esaa.org/photocontest.
Burrowing Owl Conservation ProgramThe Canadian burrowing owl population declined by
a staggering 90% in the 1990s, and experts warn the
species may disappear from Canada if trends continue.
Low survival and return rates of juvenile owls are leading
to these population declines. In years with little food, the
youngest chicks seldom survive. Those that do survive
have a low chance of returning to Canada after spending
the winter in southern North America. It is unknown
whether the owls die or merely disperse to live elsewhere.
The program involved taking eight female and seven
male owls into the care of zoo experts at the Devonian
Wildlife Conservation Centre and nurturing them over
the winter of 2016-2017. In spring 2017, the 15 yearling
owls were fitted with GPS transmitters, released in pairs,
and introduced to their new burrows. The transmitters
allow researchers to monitor the owls’ movements and
survival after release, which may help to answer the
mystery of what happens during or after migration. All
seven pairs have mated and laid eggs. Six of the eight
nests were successful, and scientists are optimistic the
offspring will join their parents’ fall migration to Mexico
or the southern USA.
By protecting young owlets over a critical period and
releasing them as yearlings to Canadian nesting grounds,
this program has the potential to increase both juvenile
survival and return rates, and ultimately increase the
species’ population in Canada. This study could be a
pivotal method to help in the recovery of this tiny and
unique owl.
Collins Barrow Edmonton LLP2500 Bell Tower10104 – 103 Avenue NWEdmonton, AlbertaT5J 0H8 CanadaT. 780.428.1522F. 780.425.8189www.collinsbarrow.com
INDEPENDENT AUDITORS' REPORT
To the Members of Environmental Services Association of Alberta
We have audited the accompanying financial statements of Environmental Services Association ofAlberta, which comprise the statement of financial position as at December 31, 2017 and the statementsof operations, changes in net assets and cash flows for the year then ended, and a summary ofsignificant accounting policies and other explanatory information.
Management's Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements inaccordance with Canadian accounting standards for not-for-profit organizations, and for such internalcontrol as management determines is necessary to enable the preparation of financial statements thatare free from material misstatement, whether due to fraud or error.
Auditors' ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with Canadian generally accepted auditing standards. Thosestandards require that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditor considers internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness ofthe entity's internal control. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of accounting estimates made by management, as well as evaluating theoverall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position ofEnvironmental Services Association of Alberta as at December 31, 2017 and the results of its operationsand its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.
Edmonton, AlbertaFebruary 20, 2018 Chartered Professional Accountants
This office is independently owned and operated by Collins Barrow Edmonton LLP.The Collins Barrow trademarks are owned by Collins Barrow National Cooperative Incorporated and are used under license.
1
6
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTAStatement of Financial PositionDecember 31, 2017
2017 2016
ASSETSCURRENT
Cash and cash equivalents (Note 3) $ 51,487 $ 58,452Marketable securities (Note 4) 139,492 85,229Accounts receivable 77,295 27,254Goods and services tax recoverable 18,164 12,065Prepaid expenses 21,784 12,131
308,222 195,131
CAPITAL ASSETS (Note 5) 454,940 475,348
WEBSITE COSTS (Note 6) 8,773 10,368
$ 771,935 $ 680,847
LIABILITIES AND NET ASSETSCURRENT
Accounts payable and accrued liabilities $ 19,978 $ 7,645Current portion of mortgage payable (Note 7) 41,599 6,800Deferred income (Note 8) 161,245 106,325
222,822 120,770
MORTGAGE PAYABLE (Note 7) 16,369 57,936
239,191 178,706
NET ASSETSUnrestricted 126,998 81,160Invested in capital assets and website costs 405,746 420,981
532,744 502,141
$ 771,935 $ 680,847
APPROVED ON BEHALF OF THE BOARD
_____________________________ Director
See notes to financial statements
2
7
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTAStatement of OperationsFor the Year Ended December 31, 2017
2017 2016
REVENUESSpecial projects $ 1,032,461 $ 923,156Memberships 108,735 109,588Rental revenue 11,100 10,200Interest 2,473 2,430
1,154,769 1,045,374
EXPENSESSpecial projects 694,379 704,310Wages and benefits 260,729 252,332Membership and regulatory review 31,533 33,557Interest and bank charges 25,335 19,866Office 22,480 25,021Directors' cost 21,466 15,036Amortization of capital assets 20,560 26,110Property taxes 14,884 14,727Telecommunications 9,353 7,527Professional fees 8,925 12,926Office lease 8,141 8,156Repairs and maintenance 5,218 6,967Insurance and licenses 4,017 3,345Interest on mortgage 2,446 2,892Amortization of website costs 1,595 1,595Bad debt recovery (504) (4,171)
1,130,557 1,130,196
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSESFROM OPERATIONS 24,212 (84,822)
OTHER INCOMEUnrealized gain on marketable securities 6,391 7,027
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES $ 30,603 $ (77,795)
See notes to financial statements
3
8
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTAStatement of Changes in Net AssetsFor the Year Ended December 31, 2017
Unrestricted
InternallyRestricted -(Invested in
capital assetsand website
costs) 2017 2016
NET ASSETS - BEGINNING OF YEAR $ 81,160 $ 420,981 $ 502,141 $ 579,936Excess of revenues over expenses 52,758 (22,155) 30,603 (77,795)Invested in equipment (152) 152 - -Principal payments on mortgage (6,768) 6,768 - -
NET ASSETS - END OF YEAR $ 126,998 $ 405,746 $ 532,744 $ 502,141
See notes to financial statements
4
9
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTAStatement of Cash FlowsFor the Year Ended December 31, 2017
2017 2016
CASH PROVIDED BY (USED IN):
OPERATING ACTIVITIES Excess (deficiency) of revenues over expenses $ 30,603 $ (77,795) Items not affecting cash:
Amortization of capital assets 20,560 26,110Amortization of website costs 1,595 1,595
Unrealized gain on marketable securities (6,391) (7,027)
46,367 (57,117)
Changes in non-cash working capital:Accounts receivable (50,041) 44,928
Goods and services tax recoverable (6,099) (14,924) Prepaid expenses (9,653) 49,319
Accounts payable and accrued liabilities 12,333 (5,933) Deferred income 54,920 (56,017)
1,460 17,373
47,827 (39,744)
INVESTING ACTIVITIES Purchase of capital assets (152) - Purchase of marketable securities (127,872) (76,877) Proceeds from sale of marketable securities 80,000 120,000
(48,024) 43,123
FINANCING ACTIVITY Repayment of mortgage payable (6,768) (33,497)
DECREASE IN CASH AND CASH EQUIVALENTS (6,965) (30,118)
Cash and cash equivalents - beginning of year 58,452 88,570
CASH AND CASH EQUIVALENTS - END OF YEAR $ 51,487 $ 58,452
See notes to financial statements
5
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ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
1. DESCRIPTION OF THE ASSOCIATION
The Environmental Services Association of Alberta ("ESAA" or the "Association") was incorporatedunder the Societies Act of Alberta. ESAA is a not-for-profit association whose members provideenvironmental products and services. ESAA is dedicated to building a strong environmental industrythrough leadership in technology, human resources, quality improvement and market development.ESAA is exempt from tax under subsection 149(1)(l) of the Income Tax Act ("ITA").
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
These financial statements were prepared in accordance with Canadian accounting standards fornot-for-profit organizations. Significant accounting policies observed in the preparation of the financial statements are summarized below.
(a) Cash and cash equivalents
Cash and cash equivalents include cash on deposit and investment in a high yield savings account.
(b) Capital assets
Capital assets are stated at cost less accumulated amortization. Capital assets are amortized overtheir estimated useful lives at the following rates and methods:
Office condominium 25 years straight-line methodOffice equipment 20% declining balance methodComputer equipment 30% declining balance method
(c) Revenue recognition
Environmental Services Association of Alberta follows the deferral method of accounting forcontributions.
a) Special projects are recognized when the courses and events are presented, the amount isdeterminable and collection is reasonably assured.
b) Membership fees are recognized in the period to which they relate which are from Januaryto December. Deferred fees represent the amount of membership fees related to servicesto be provided in the subsequent year.
c) Interest income is recognized in the period it is earned.d) Rental revenue is recognized in the period it is earned.
(d) Use of Estimates
The preparation of these financial statements in conformity with Canadian accounting standards fornot-for-profit organizations requires management to make estimates and assumptions that affect thereported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date ofthe financial statements and the reported amounts of revenues and expenses during the period.Significant estimates included in the financial statements are the useful lives of capital assets,website costs, and accrued liabilities. Actual results could differ from these estimates.
(continues)
6
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ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(e) Intangible assets
The website costs are being amortized on a straight-line basis over their estimated useful lives ofeight years.
(f) Financial instruments
Measurement of Financial Instruments
Financial instruments are financial assets or liabilities of the Association where, in general, theAssociation has the right to receive cash or another financial asset from another party or theAssociation has the obligation to pay another party cash or other financial assets.
The Association initially measures its financial assets and liabilities at fair value.
The Association subsequently measures all its financial assets and financial liabilities at amortizedcost, except for investments in equity instruments that are quoted in an active market, which aremeasured at fair value. Changes in fair value are recognized in net income.
Financial assets measured at amortized cost include cash and cash equivalents and accountsreceivable.
Financial liabilities measured at amortized cost include mortgage payable, accounts payable andaccrued liabilities.
3. CASH AND CASH EQUIVALENTS
Cash and cash equivalents consists of:
2017 2016
Canadian operating account $ 48,295 $ 54,557US dollar account 3,192 3,256High yield savings account - 639
$ 51,487 $ 58,452
The high yield savings account is redeemable at any time and bears interest at 1.25% (2016 -1.25%).
7
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ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
4. MARKETABLE SECURITIES
Marketable securities are valued at year end market prices.
2017 2016
Publicly traded commercial notes, bonds and debentures $ 70,064 $ 63,106Publicly traded shares 69,428 22,123
$ 139,492 $ 85,229
5. CAPITAL ASSETS 2017 2016
Accumulated Net book Net bookCost amortization value value
Office condominium $ 659,593 $ 210,654 $ 448,939 $ 467,645Computer equipment 69,119 67,029 2,090 2,985Office equipment 52,169 48,258 3,911 4,718
$ 780,881 $ 325,941 $ 454,940 $ 475,348
6. WEBSITE COSTS 2017 2016
Cost Accumulated Net book Net bookamortization value value
Website $ 12,760 $ 3,987 $ 8,773 $ 10,368
7. MORTGAGE PAYABLE 2017 2016
Alberta Treasury Branch loan bearing interest at prime plus0.9% - 4.1% per annum (2016 - 3.6%), repayable in monthlyblended payments of $3,600. The loan matures on May 31,2019 and is secured by the office condominium with a netbook value of $448,939 (2016 - $467,645). For 2017, thelender has agreed to interest only payments until October2017. $ 57,968 $ 64,736
Amounts payable within one year (41,599) (6,800)
$ 16,369 $ 57,936
(continues)
8
13
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
4. MARKETABLE SECURITIES
Marketable securities are valued at year end market prices.
2017 2016
Publicly traded commercial notes, bonds and debentures $ 70,064 $ 63,106Publicly traded shares 69,428 22,123
$ 139,492 $ 85,229
5. CAPITAL ASSETS 2017 2016
Accumulated Net book Net bookCost amortization value value
Office condominium $ 659,593 $ 210,654 $ 448,939 $ 467,645Computer equipment 69,119 67,029 2,090 2,985Office equipment 52,169 48,258 3,911 4,718
$ 780,881 $ 325,941 $ 454,940 $ 475,348
6. WEBSITE COSTS 2017 2016
Cost Accumulated Net book Net bookamortization value value
Website $ 12,760 $ 3,987 $ 8,773 $ 10,368
7. MORTGAGE PAYABLE 2017 2016
Alberta Treasury Branch loan bearing interest at prime plus0.9% - 4.1% per annum (2016 - 3.6%), repayable in monthlyblended payments of $3,600. The loan matures on May 31,2019 and is secured by the office condominium with a netbook value of $448,939 (2016 - $467,645). For 2017, thelender has agreed to interest only payments until October2017. $ 57,968 $ 64,736
Amounts payable within one year (41,599) (6,800)
$ 16,369 $ 57,936
(continues)
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ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
7 MORTGAGE PAYABLE (continued)
Principal repayment terms are approximately:
2018 $ 41,5992019 16,369
$ 57,968
8. DEFERRED INCOME
Deferred revenue consists of funds received relating to services to be provided in the subsequentfiscal period as follows:
2017 2016
Enviro Tech registration fees $ 96,145 $ -Membership fees 65,100 68,250EB Revenue - 34,510Water Tech registration fees - 3,565
$ 161,245 $ 106,325
9. FINANCIAL INSTRUMENTS
The Association is exposed to various risks through its financial instruments. The following analysisprovides information about the Association's risk exposure and concentration as of December 31,2017.
(a) Credit risk
Credit risk arises from the potential that a counter party will fail to perform its obligations. TheAssociation is exposed to credit risk from customers. An allowance for doubtful accounts isestablished based upon factors surrounding the credit risk of specific accounts, historical trendsand other information. As at December 31, 2017, two (2016 - two) customers made up 25% (2016- 41%) of the accounts receivable balance.
(b) Liquidity risk
Liquidity risk is the risk that the Association will not be able to meet its financial obligations,including commitments as they become due. In order to manage this risk,the Associationforecasts its requirements to determine whether sufficient funds will be available. The Associationexpects to generate sufficient funds through operations to meet its obligations.
(continues)
9
15
ENVIRONMENTAL SERVICES ASSOCIATION OF ALBERTANotes to Financial StatementsYear Ended December 31, 2017
9. FINANCIAL INSTRUMENTS (continued)
(c) Currency risk
Currency risk is the risk to the Association's earnings that arise from fluctuations of foreignexchange rates and the degree of volatility of these rates. The Association is exposed to foreigncurrency exchange risk on cash held in U.S. dollars. The Association does not use derivativeinstruments to reduce its exposure to foreign currency risk.
(d) Interest rate risk
Interest rate risk is the risk that the value of a financial instrument might be adversely affected by achange in the interest rates. In seeking to minimize the risks from interest rate fluctuations, theAssociation manages exposure through its normal operating and financing activities. TheAssociation is exposed to interest rate risk primarily through its floating interest rate mortgage andand interest rate cash flow on its variable rate savings account.
10. COMPARATIVE FIGURES
Certain comparative figures have been reclassified to conform with the current year's presentation.
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2017 Annual Report 17
• Access Analytical Laboratories Inc.
• Acre Prime Inc
• Action Land & Environmental Services Ltd.
• Advisian
• AECOM
• AGAT Laboratories Ltd.
• ALLTERRA Construction
• ALS
• Amberg Environmental & Regulatory Consultants
• Amec Foster Wheeler Environment & Infrastructure
• Arcadis Canada, Inc
• Ashwell Consulting Inc
• Athena Environmental Consultants Ltd
• Aurora Land Consulting
• BakerCorp
• Ballast Environmental Consulting Ltd.
• Barr Engineering Company Ltd
• BearStone Environmental Solutions Inc.
• Beaver Regional Waste Management Services Commission
• Bio-Limno Research and Consulting, Inc.
• BOS-Solutions
• BrettYoung Seeds Ltd.
• Brock White Edmonton
• Canadian Mat Systems Inc.
• CARO Analytical Services
• Catapult Environmental Inc.
• CCC Chemicals
• CDNova Instruments Ltd.
• Central Construction Group Ltd.
• CH2M HILL
• Chemco Inc.
• Clean Harbors Canada, Inc.
• Clean Industrial Technologies Inc.
• CLEARFLOW GROUP INC.
• ClearStream Environmental Consulting Services
• Clifton Associates Ltd.
• DBS Environmental
• Delta Remediation
• Diamond J Industries Ltd
• Dillon Consulting Limited
• DST Consulting Engineers Inc.
• DXD Consulting Inc.
• Earth Drilling Co. Ltd.
• Earthmaster Environmental Strategies Inc.
• EarthSoft, Inc.
• Ecoventure Inc.
• Efficient Environmental Consultants Ltd.
• Engineered Containment Inc.
• Englobe Corp.
• Enviromak Inc.
• Environmental Diagnostics Inc.
• Enviro-Pads Containment Systems Inc.
• Enviroscan powered by Opta
• EnviroSearch Ltd.
• EnviroSORT
• Envirotech Engineering
• Envirowest Engineering Inc.
• Epsilon Chemicals Ltd.
• Equilibrium Environmental Inc
• Exova
• F&M Management Ltd.
• Gemini Environmental Solutions Ltd.
• GEN7 Environmental Solutions Ltd.
• Geo Tactical Remediation
• GFL Environmental Corporation
• GHD
• Ghostpine Environmental Services Ltd.
• Global Analyzer Systems Ltd.
• Golder Associates Ltd.
• Ground Force Environmental Inc.
• Hemmera
• Higher Ground Consulting Inc.
• Higher Ground Consulting Inc.
• Hunting Energy Services (Canada) Ltd.
• Hutchinson Environmental Sciences Ltd.
• hydrogeological Consultants Ltd. (HCL)
• InnoTech Alberta
• Integrated Environments (2006) Ltd.
• Integrated Sustainability Consultants Ltd.
• Intrinsik Environmental Sciences Inc.
• Iron Creek Group Inc.
• Iron Horse Earthworks
• Ivey International Inc.
• J. K. Engineering Ltd.
• JED Anchors & Environmental
• JSK Consulting LTD.
• KBL Environmental Ltd.
• Ketek Group Inc.
• Klohn Crippen Berger Ltd.
• KLS Earthworks Inc.
• KLS Earthworks Inc.
• Lafarge Canada Inc.
• Lakeland College
• LandSolutions Environmental LP
• Layfield Environmental Containment
• LEHDER Environmental Services Ltd.
• Maapera Analytics Inc.
• Major Drilling E&E Inc.
• Matrix Solutions Inc.
Full Members
18 Environmental Services Association of Alberta
• Maxxam
• Mayken Hazmat Solutions
• McCue Engineering Contractors
• McElhanney Consulting Services Ltd.
• McLennan Ross
• MetaFLO Technologies Inc.
• Milestone Environmental Contracting Inc.
• Millennium EMS Solutions Ltd.
• Morgan Construction and Environmental Ltd.
• NaturalResource.ca
• Nelson Environmental Remediation Ltd.
• Newalta Corporation
• newterra ltd.
• Nichols Environmental (Canada) Ltd.
• Nilex Inc.
• Nor-Alta Environmental Services Ltd.
• North Shore Environmental Consultants Inc.
• NorthWind Land Resources Inc.
• Norton Rose Fulbright
• Oak Environmental Inc.
• Oceans-ESU
• Olds College Land and Water Resources
• One Environmental Inc.
• Osprey Scientific Inc.
• Paracel Laboratories Ltd.
• Paragon Soil and Environmental Consulting Inc.
• Parkvalley Consulting Ltd.
• Parsons
• PENSERV Corp.
• Pinchin West Ltd.
• Pioneer Offroad Rentals
• PIR-a Consulting Corp.
• Proactive Environmental Rentals Inc.
• Protocol2 Air Sciences Inc.
• QM Environmental
• Recycle Systems Company Inc., The
• Regenesis
• RemedX Remediation Services Inc.
• Rice Engineering & Operating Ltd.
• Ridgeline Environment Inc.
• RWDI
• SAIT Polytechnic
• Saskatchewan Research Council
• SAW-FCE Inc.
• SCG Industries Limited
• Schur-Tek Resources Ltd.
• SECURE Energy Services Inc.
• Seisland Surveys Ltd.
• SENA Waste Services
• Shield Specialized Emergency Services Inc.
• Signum Consulting Ltd.
• Silvacom
• Site Resources Group Inc.
• SLR Consulting (Canada) Ltd.
• SNC-Lavalin Environment Inc.
• Soil & Forestry Consulting
• Solstice Canada Corp.
• Spirit Resource Management Ltd.
• Stantec Consulting
• Stormtec
• SUBLATUS Earthworks & Environmental
• Summit Liability Solutions Inc.
• SWAT Consulting Inc.
• T. Harris Environmental Management Inc.
• Terex Environmental Group Ltd.
• Terra Services Inc/ Terra Technologies
• Terracon Geotechnique Ltd.
• TerraLogix Solutions Inc.
• TerraPro Inc
• Terra-Sano Earthworks & Environmental Consulting
• Tervita Corporation
• Tetra Tech Canada
• The Emissions Test Group Inc.
• The Gavia Group Inc.
• THINK Envirotechnical Services Inc.
• Tor Land Resource Inc.
• TR3 Energy Inc.
• Trace Associates Inc.
• Tracker Sales Ltd.
• Tree Time Services inc.
• Trium Environmental Inc
• Tundra Environmental & Geotechnical Drilling
• Urban Systems Ltd.
• Vertex Environmental Inc.
• Vertex Professional Services
• Waste Connections of Canada
• Waste Management
• Waterline Resources Inc.
• Western Alfalfa Milling Co. Ltd.
• Western Site Technologies Inc.
• Whissell Contracting Ltd.
• Willms & Shier Environmental Lawyers LLP
• WSP Canada Inc.
• XCG Consultants Ltd.
• Year Round Abandonment & Reclamation
2017 Annual Report 19
• Agrium
• Alberta Economic Development and Trade
• Alberta Environment and Parks
• Alberta Transportation
• ATCO Ltd.
• BCEIA
• Canadian Natural Resources LTD.
• City of Edmonton
• Connacher Oil & Gas
• ConocoPhillips Canada
• ECO Canada - Environmental Careers Organization
• EcoLog ERIS
• Enbridge Pipelines Inc
• ENMAX Corporation
• Enoch Cree Nation
• Environmental Services Association of Nova Scotia (ESANS)
• Federated Cooperatives Ltd.
• Husky Energy Inc.
• Keyera Corp.
• Kinder Morgan Canada
• Manitoba Environmental Industries Association (MEIA)
• National Research Council Industrial Research Assistance Program (NRC-IRAP)
• Natural Resources Conservation Board
• Newfoundland Environmental Industry Association (NEIA)
• Nova Chemicals Corporation
• ONEIA (Ontario Environment Industry Association)
• Orphan Well Association
• Paramount Resources
• Pro-Source Insurance and Risk Management Ltd.
• Public Works and Government Services Canada
• Recycling Council of Alberta
• Regional Municipality of Wood Buffalo
• RESEAU environnement
• Ryder Insurance Ltd.
• Ryder Insurance Ltd.
• Saskatchewan Environmental Industry and Managers Association SEIMA
• SemCAMS ULC
• Sherritt International Corporation
• Suncor Energy Inc.
• TransCanada
• UFA Co-operative Ltd.
Associate members
20
Environmental Services Association of Alberta (ESAA)#102, 2528 Ellwood Drive SW
Edmonton, AB T6X 0A9
Phone: 780.429.6363
Fax: 780.429.4249
www.esaa.org
Environmental Services Association of Alberta
2017 Annual Report