b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)ThetablebelowsummarizesthematurityprofileoftheGroupsfinancialliabilitiesasatDecember31:(X US$ 1,000) 1 year 2 to 4 years 4 years Total2020Bond and term loans 111,452 459,421 288,559 859,432LoanfromPensionFund(StichtingPensioenfondsvoorwerknemersvan 1,325 3,976 27,833 33,134StaatsolieMaatschappijSurinameN.V.)Tradepayable 82,392- -82,392Accruals and other liabilities 69,636- -69,636Leaseliabilities 2,219 2,473-4,6922019Bond and term loans 241,906 374,625 211,998 828,529LoanfromPensionFund(StichtingPensioenfondsvoorwerknemersvan 1,325 3,976 29,158 34,459StaatsolieMaatschappijSurinameN.V.)Tradepayable 141,697- -141,697Accruals and other liabilities 43,025- -43,025Leaseliabilities 2,036 2,830-4,866Credit risk An impairment analysis is performed at each reporting date using a provision matrix to measure Credit risk is the risk that a counter party will notexpectedcreditlosses.Theprovisionmatrixismeetitsobligationsunderafinancialinstrument based on its historical observed default rates leadingtoafinancialloss. over the expected life of the trade receivables TheGrouptradeswithrecognised,creditworthy andisadjustedforforward-lookingestimates.thirdparties.ItistheGroupspolicythatall Generally,tradereceivablesarewritten-offifpastcustomers who wish to trade on credit terms aredueformorethanoneyearandarenotsubjecttosubjecttocreditverificationprocedures,which enforcement activity. includeanassessmentofcreditrating,short- Withrespecttocreditriskarisingfromtheothertermliquidityandfinancialposition.Inaddition, financialassetsoftheGroup,whichcomprisereceivable balances are monitored on an on-goingcash,short-terminvestmentsandshort-termbasis and GoS receivables are settled with GoSdepositsincludingrestrictedcash,theGroupspayables.Section6.2showsananalysisofthe exposure to credit risk arises from default of the trade receivable ageing. counterparty,withamaximumexposureequaltothecarryingamountoftheseinstruments.Cash,short-terminvestmentsandshort-termdeposits,investments and restricted cash are placed with reputable Financial institutions.Themaximumexposuretocreditriskatthereportingdateisthecarryingvalueofeachclassofthefinancialassetsdisclosedinsection6.2asshownbelow:(X US$ 1,000) 2020 2019Tradereceivables 102,414 104,815Prepaymentsandothercurrentassets 13,069 20,022Loanreceivables 3,669 7,428Short-term investments1,952 3,602Cash and short-term deposits18,681 24,515Restricted cash 34,550 16,285 174,335 176,667 144 STAATSOLIE 2020 ANNUAL REPORT'