The RAD is not interest bearing. The companies earn off gov...

The RAD is not interest bearing. The companies earn off gov subsidies depending on the ACFI, DAC (daily accommodation charge) and a deferred management fee (exit fee) in most cases. The balance sheet can be a bit misleading showing RAD as short term liability when it's simply a deposit held in a trust AFAIK. I think the main risk here now is changes in government legislation, particularly around the DMF but also clamping down on sanctioning (tighter auditing).