b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)Accruedandotherliabilitiesconsistedofthefollowing:(X US$ 1,000) 2019 2018AllowancespayabletoManagementandPersonnel 7,266 9,555Interest payable - loans 6,526 7,553DownPayments-Customers 1,390 3,266Current account Surgold2,820 3,239Payrolltaxes 2,458 2,737Sales taxes and other duties 1,353 1,263CurrentaccountPensionfund 4,754 756Accrued expenses5,230 740Deposits-461ForeigncurrencySWAPUSD* 386- Other 10,842 7,600 43,025 37,170 *Foreign currency SWAP USD OnDecember10,2019StaatsolieenteredintoanagreementwithHakrinbankN.V.topurchaseUS$9,000(attheexchangerateofSRD7.52perUS$1.00)withtheobligationtosellbackthesameamountofUSdollarstoHakrinbankN.V.onDecember10,2020atthesameexchangerate.Thefeeforthisis2.15%perannum. If,beforematurity,theSRDexperiencesadevaluation,theresultinglosswillbefortheaccountofStaatsolie.ThebalanceoftheforeigncurrencySWAPaccountatDecember31,2019reflectsthenegativechangeinthefairvalueoftheforwardcontract.130 STAATSOLIE 2019 ANNUAL REPORT'