Assets for these trusts are recognized on the basis of their fair market value. WBT s net cost under this program and accruals for known and incurred but not reported claims are included in the accompanying financial statements. Actual results could differ from those estimates. Investments in pooled funds represent WBT s funds that are combined with funds from other affiliated entities for investment purposes. WBT s investment pool holds significant investments in the form of fixed-income and equity securities.
Credit risk is the failure of another party to perform in accordance with the contract terms.
WBT is exposed to credit risk for the amount of the investments. WBT has never sustained a loss on any investment due to nonperformance and does not anticipate any nonperformance by the issuers of the securities. In October 1998, the Board of Directors approved a plan to relocate the headquarters of WBT to Orlando, Florida. The relocation occurred in June and July 1999. The decision to relocate was made to position the organization to fulfill its vision for having a Bible translation program in progress in every language that needs one by 2025.