b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)Allassetsandliabilities,forwhichfairvalue becauseofchangesinmarketprices.Marketriskis measured or disclosed in the consolidatedcomprisesthreetypesofrisk:commoditypricefinancialstatements,arecategorizedwithinthefair risk,interestrateriskandforeigncurrencyrisk.valuehierarchy,describedasfollows,basedon Financialinstrumentsaffectedbymarketriskthelowestlevelinputthatissignificanttothefair includeloansandborrowings,deposits,tradevaluemeasurementasawhole: receivables,tradepayablesandaccruedliabilities.Level1-Quoted(unadjusted)marketpricesin Marketrisksduetointerestrate(LIBOR)riskhaveactivemarketsforidenticalassetsorliabilities; beenacceptedandisevaluatedandmanagedaspart of the portfolio risk management policies. In L evel2-Valuationtechniquesforwhichthe addition,Staatsoliemonitorsadesiredratioforitslowestlevelinputthatissignificanttothefair availablecashinUS$tofulfillitsforeigncurrencyvaluemeasurementisdirectlyorindirectly businessobligations.Furthermore,Staatsolieobservable; acceptstherisksofpricefluctuationsofoilLevel3-Valuationtechniquesforwhichthe products,whiletakesintoaccountaconservativelowestlevelinputthatissignificanttothefair lowpriceforitsworkprogramandbudget.valuemeasurementisunobservable. Interest rate riskForassetsandliabilitiesthatarerecognized Interestrateriskistheriskthatthefairvalueorintheconsolidatedfinancialstatementsona futurecashflowsofafinancialinstrumentwillrecurringbasis,Staatsoliedetermineswhether fluctuatebecauseofchangesinmarketinteresttransfershaveoccurredbetweenlevelsinthe rates.TheGroupsexposuretotheriskofchangeshierarchybyreassessingcategorization(based in market interest rates relates primarily to the onthelowest-levelinputthatissignificanttothe Groupslong-termdebtobligationswithfloatingfairvaluemeasurementasawhole)attheendof interest rates.each reporting period.Financial risk management objectives andInterest rate sensitivitypoliciesThefollowingtabledemonstratesthesensitivityto a reasonably possible change in interest rates Market risk onthatportionofloansandborrowingsaffected.Marketriskistheriskthatthefairvalueoffuture Withallothervariablesheldconstant,theGroupscashflowsofafinancialinstrumentwillfluctuate profitbeforetaxisaffectedthroughtheimpactonfloatingrateborrowings,asfollows:(x US$ 1) Increase / decrease Effect on profit before tax in basis points Corporate term loan2019US dollar +60 (3,600)-60 3,6002018US dollar +60 (3,750)-60 3,750122 STAATSOLIE 2019 ANNUAL REPORT'