b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Oil, Exploration and producing properties Other property plant and equipmentTotalimpairmentlossesofUS$7,348were TotalimpairmentlossesofUS$206wererecognizedinrespectofOil,explorationand recognizedinrespectofotherpropertyplantandproducingproperties.Thetriggersforthe equipment.Thetriggersfortheimpairmenttestsofimpairment tests of the oil producing propertiesthese properties were primarily the effect of the fall were primarily the effect of the fall in oil price. Ininoilprice.Therecoverableamountwasbasedonaddition,triggersarosefromreducedestimatesof managementsestimateofFairvaluelesscoststothequantitiesofhydrocarbonsrecoverablefrom dispose.theoilfields.TherecoverableamountwasbasedonmanagementsestimateofValueinUse(VIU).Refining propertiesTotalimpairmentlossesofUS$9,233wererecognizedinrespectofrefineryproperties.Thetriggersfortheimpairmenttestsoftherefineryproperties were primarily the effect of the reduction inoilprice,capitalinvestmentsandtheoilsupplyfromupstream.TherecoverableamountwasbasedonmanagementsestimateofValueinUse(VIU).4.12 CAPITAL COMMITMENTS AND OTHER CONTINGENCIES Other contractual obligations / commitments (X US$ 1,000) 2020 2019Withinoneyear 8,729 50,295Afteroneyearbutnotmorethanfiveyears 14,059 12,224Morethanfiveyears 110 201 22,898 62,720 Sales contractual obligationsTheGrouphasthefollowingobligationsasatDecember31:(X US$ 1,000) 2020 2019Withinoneyear 5,113 6,331Afteroneyearbutnotmorethanfiveyears 24,455 29,939 29,568 36,270 Legal claim contingency Theseareofacontinuingnature,subjecttocancellation of the Comptroller of Customs and TheGroupcurrentlyhaslegalclaimsamounting Excise.toUS$5,018(2019:US$4,000)(inclusiveofinterestandjudiciallyimposedpenalties)relating Staatsolie,theparentcompanyhasaLetterofto restoration and repair of the water managementGuarantee with RBC Royal Bank with regards to system in Saramacca.Based on legal adviceoneoftheCompanyscustomsbond(C67)for obtained,managementisoftheviewthatthe US$3.6million.ThisisarequirementoftheGroup is in a strong and defendable position andCustomsandExciseoffice.Theseareofathatnofurtherprovisionisrequired. continuingnature,subjecttocancellationoftheComptroller of Customs and Excise. Lastly,VentrinhascontingentliabilitiesinrespectofcustomsbondsofUS$252,826(2019:US$147).137'