b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)SECTION 6.WORKING CAPITALThissectionprovidesadditionalinformation Tradeandotherreceivables(Section6.2)thatthedirectorsconsiderismostrelevantinunderstanding the composition and managementInventories(Section6.3)oftheGroupsworkingcapital: Tradepayables,accrualsandotherliabilitiesCashandshort-termdeposits(Section6.1) (Section6.4)6.1 CASH AND SHORT-TERM DEPOSITS(X US$ 1,000) 2019 2018Cash at banks and on hand 20,766 39,263Short-term deposits 3,749 3,717 24,515 42,980 Cashatbanksearnsinterestatfloatingrates andthreemonths,dependingontheimmediatebased on daily interest rates. Short-term depositscashrequirementsoftheGroup,andearninterestaremadeforvaryingperiodsofbetweenoneday attherespectiveshort-termdepositrates.Forthepurposeoftheconsolidatedstatementofcashflows,cashandcashequivalentscomprisethefollowing:(X US$ 1,000) 2019 2018Cash at banks and on hand 20,766 39,263Short-term deposits 3,749 3,717Cash and short-term deposits 24,515 42,980Bankoverdrafts (3,420) (3,620)Cash and cash equivalents21,095 39,360 Bankoverdraftsrepresentsaworkingcapital Theabovebankfacilityissecuredby:financinglineofcreditfacilityofVentrinfrom FirstCaribbeanInternationalBankwithalimitof1)ThetransferandassignmentofanexistingUS$5,000whichissubjecttoannualreview.The Registered1stLegalDemandDebenturelimitwasreducedtoUS$3,720fromJuly9,2015. (previouslyinfavourofRBTTBankLimited),TheCompanydrawsdownloansagainstthe stampedtocoveranadditionalamountof facilitywitha90-daytenure.Interestischarged TT$2,700(US$399),overthefollowing:ontheoutstandingbalanceatcurrenteffectiveratea)DeedofTransfer/Assignmentdated23-Oct-of7.69%perannum.TheVentrinbeganmaking 2002,registeredas#DE200202665770D001monthly payments of US$ 20 against the principalbetweenScotiabankTrinidadandTobagoamountfromJuly2018. LimitedandRBTTBankLimited,overtheFirstLegalDemandDebenture#DE200102146410D001.126 STAATSOLIE 2019 ANNUAL REPORT'