b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Commodity price riskTheGroupisexposedtotheriskoffluctuationsin Theanalysisisbasedontheassumptionthatprevailing market commodity prices on the mix ofchanges in the crude oil price result in a change of oilproductsitproduces.TheGroupspolicyisto 10%inthesalepricesoftheoilproducts,withallmanage these risks through the use of contract- other variables held constant. Reasonably possible based prices with customers. As mentioned inmovements in commodity prices were determined themarketrisksectionabove,Staatsolietakes basedonareviewofthelasttwoyearshistoricala conservative low-price approach for its workpricesandeconomicforecastersexpectations.program and budget. ( x US$ 1,000)Increase / decrease in Effect on profit before taxEffect on profit before tax crude oil prices for the year ended 31 Decemberfor the year ended 31 December 2020 (increase/decrease) 2019 (increase/decrease)+10% 31,096 44,116-10% (31,096) (44,116)Liquidity risk analysis for production and conservative price assumptions,andrestrainedcapitalexpenditures.LiquidityriskistheriskthattheGroupwill Furthermore,optionaldebtisavailablewithinencounterdifficultyinmeetingobligations the credit agreement in accordance with the associatedwithfinancialliabilitiesthataresettled debt basket. Cash in excess is being managed bydeliveringcashoranotherfinancialasset. by the corporate treasury department through TheGroupmanagesitsliquidityriskbasedon intercompanycashpoolingagreementsbetweenreportingcovenants,encompassingsensitivity Staatsolie and its subsidiaries.143'