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Ontario Electronic Stewardship Statement of Operations For the year ended December 31 2014 2013 Revenue Steward fees 87755147 90317304 Investment income 248871 73689 88004018 90390993 Direct operating costs Material management costs 63055055 69724376 Other expenses Shared promotion and education 2374585 1426606 Waste Diversion Ontario administration and program delivery 302043 717302 Program delivery and administration Note 6 4654799 4173668 7331427 6317576 70386482 76041952 Excess of revenue over expenses for the year 17617536 14349041 ONTARIO E LE CTRONIC STE WARDSHIP 2 014 ANNUAL RE P ORT 21