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2016 Annual Report - Final

DIVER CERTIFICATION

DIVER CERTIFICATION BOARD OF CANADA STATEMENT OF FINANCIAL POSITION 20142016 Annual Annual Report Report DECEMBER 31 2016 2015 Table of Contents DIVER ASSETS CERTIFICATION BOARD OF CANADA Who We Are 3 NOTES CURRENT TO FINANCIAL ASSETS STATEMENTS International Cash Recognition $ 320,506 3 $ 299,606 DECEMBER Our Accounts Vision 31, receivable 2016 41,949 3 45,582 HST receivable 6,963 6,777 Our Prepaid Mission expenses 28,460 3 13,860 6. Our COMMITMENTS Inventory Board of Directors 7,875 3 14,531 What We Do $ 405,753 4 $ 380,356 The Board has entered into a contract for the lease of its premises until 2018 at an annual lease rate of Message $14,568. LIABILITIES from the Chairman 5 Message from the CEO 6 CURRENT LIABILITIES 7. Auditor’s CAPITAL Accounts Report RISK payable MANAGEMENT and accrued liabilities $ 10,489 7 $ 10,319 Financial Deferred Statements revenue 19,896 8 27,380 The Payroll Board's source objective deductions when managing capital is to ensure sufficient liquidity to 4,624 support its financial 5,448 Notes to Financial Statements 11 obligations and to conduct operations and execute strategic plans in the best 35,009 interest and support 43,147 of 2017 its members Canadian and Underwater causes. Conference and Exhibition 15 The COMMITMENTS Boards objectives (Note are met 6) by maintaining adequate funds to guard against the possibility that cash flows from its fees revenues and grants will not be sufficient to meet future cash flow requirements. NET ASSETSIn addition, the Board actively monitors its capital structure and to make necessary adjustments as a result to changes in economic conditions. UNRESTRICTED 370,744 337,209 The Board's capital structure consists of unrestricted net assets. As at December 31, 2016, the Board's unrestricted net assets were $372,850 (2015 $337,209). $ 405,753 $ 380,356 Approved by the Directors: Director Director 2 14

20142016 Annual Annual Report Report 2016 Annual Report Table of Contents Join us in Vancouver, BC for the Who We Are 3 10 th Annual Canadian Underwater Conference & Exhibition International Recognition 3 Our Vision 3 Our Mission 3 Our Board of Directors 3 What We Do 4 Message from the Chairman 5 Message from the CEO 6 Auditor’s Report 7 Financial Statements 8 Notes to Financial Statements 11 2017 Canadian Underwater Conference and Exhibition 15 15 2 15

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