24 WAUBET EK BU SIN ES S DEVEL O PM E N T CORPO RA TIO N N O TE S T O FINAN CIA L S TATE M EN T S Y ear ended A ugus t 31 201 4 13 F ina n cia l r isk a n d co n cen t r at i o n of ri s ks a F i na nc i al r is k T he c ar r y i ng v al ue s of the Cor po r a ti on s c a s h ac c ou nt s r ec ei v ab l e and ac c ou nt s p ay a bl e a nd ac c r ue d lia b i lit ie s ap prox i m ate the i r f a ir v al ue du e to t he r e la t iv e s h or t pe r i od s to m atu r i t y or b ec a us e the y are r ec ei v ab l e or du e on de m an d T he f a ir v al ue of ba l an c e s due to and f r om Nati o na l Ab or i g i n al Capi tal Cor po r ati on A s s o c i ati on c a nn ot be r el i ab l y de ter m i ne d due to the un c e r tai nt y and po ten ti al l y broad r an ge of o u t c om es pe r tai ni ng to the un de r l y i ng l oa ns b Int ere s t r a te r i s k T he Cor po r ati on s f i n a nc i al i n s tr u m e n ts do not ex po s e the Cor po r a ti on to s ig n if i c a n t i nte r es t r ate r i sk c Cr ed i t r i s k Loans r e c ei v ab l e h a ve b ee n prov i de d to bo r r ow er s wh o wo u l d oth erw i s e not q u a lif y f or other f o rm s of f un di n g or c om m er c i a l f in a n c in g T he m ax i m um c r ed i t r i sk ex p o s ur e to the C orpo r ati on as s um i ng that the bo r r ow er s f a il to p e rf o rm th ei r o b l i ga ti on s u nd er the ag r ee m en t s w i th ou t c on s i de r ati on of the f a ir v al ue of an y c ol l ate r al is 4192108 20 13 4270758 14 Restric t e d o p er a t in g n et a ss ets 2014 2013 B u i ld in g c on s tr u c ti on 262402 237543 Inv es t m en t p o r t f ol i o per f o r m a nc e 40000 262402 277543 T he r e s t r i c ted net as s et s f or bu i l di ng c on s tr u c ti o n are to be us ed by th e Cor po r ati on to r e pl ac e the ex i s ti n g ad m i ni s t r ati on bu i l di ng T he Inv es t m en t po r tf ol i o pe r f or m a nc e r es tr i c ted net as s et s are to s up po r t ac ti v i ti es l ea di ng to an i n cr e a se in the ov eral l p e rf o rm a n c e of the Inv e s t me nt F und P ortf ol i o