b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)Fair valuesSetoutbelowisacomparisonofthecarryingamountsandfairvaluesoftheGroupsfinancialinstruments,otherthanthosewithcarryingamountsthatarereasonableapproximationsoffairvalues:(X US$ 1,000) Carrying amount Fair value2019 2018 2019 2018Financial LiabilitiesLocalBond 99,086 98,862 100,629 100,629Corporate term loan 590,904 614,214 590,904 614,214LoanfromPensionFund 26,508-26,508- Total716,498 713,076 718,041 714,843 Thefairvaluesofthefinancialliabilitiesare L ocalBond:Thefairvalueateachreportingincludedattheamountofwhichtheinstrument datewasobtainedfromtheofficiallypublishedcouldbeexchangedatthereportingdatebetween numbersfromtheSurinamestockexchange;willingparties,otherthaninaforcedorliquidation theofficialexchangeinthecountry.Thereisasale.Thefairvaluesofthefinancialliabilities meetingeverytwoweekswherethemarketpricearedeterminedbasedonpricequotationsatthe is determined.respectivereportingdates.ThefinancialassetsoftheGroupapproximatefairvalueandaretherefore Corporatetermloan:Thefairvalueoftheexcludedfromthetableabove. Corporatetermloanequalsthecarryingvalue.LoanfromPensionFund:ThefairvalueofthePensionfundloanequalsthecarryingvalue.Financial assetsFinancial assets at fair value through OCITheGrouphasshort-terminvestmentsinlocallylistedequitysecuritiesoflocalcompanies.Thefairvalueofthequotedequitysharesisdeterminedbyreferencetopublishedpricequotationsinanactivemarket.(X US$ 1,000) 2019 2018Financial assets at fair value through OCIQuotedequityshares 3,602 3,640Total 3,6023,640 125'