b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)SECTION 6.WORKING CAPITALThissectionprovidesadditionalinformation Tradeandotherreceivables(Section6.2)that the directors consider is most relevant in understanding 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) 2020 2019Cash at banks and on hand 14,921 20,766Short-term deposits 3,760 3,74918,68124,515 Cashatbanksearnsinterestatfloatingrates whicharerolledover,andearninterestatthebased on daily interest rates. Short-term depositsrespective short-term deposit rates. aremadeforvaryingperiodsofthreemonths,Forthepurposeoftheconsolidatedstatementofcashflows,cashandcashequivalentscomprisethefollowing:(X US$ 1,000) 2020 2019Cash at banks and on hand 14,921 20,766Short-term deposits 3,760 3,749Cash and short-term deposits 18,681 24,515Bank overdrafts(3,420) (3,420)Cash and cash equivalents15,261 21,095 Bank overdrafts represents a working capitalTheabovebankfacilityissecuredby:financinglineofcreditfacilityofVentrinfromFirstCaribbean International Bank with a limit of 1)T hetransferandassignmentofanexistingUS$5,000whichissubjecttoannualreview.The Registered1stLegalDemandDebenturelimitwasreducedtoUS$3,720fromJuly9,2015. (previouslyinfavourofRBTTBankLimited),TheCompanydrawsdownloansagainstthe stamped to cover an additional amount offacilitywitha90-daytenure. TT$2,700(US$399),overthefollowing:Ventrin began making monthly payments ofa)D eedofTransfer/Assignmentdated23-Oct-US$20againsttheprincipalamountfrom2002,registeredas#DE200202665770D001July2018. betweenScotiabankTrinidadandTobagoLimitedandRBTTBankLimited,overtheFirstLegalDemandDebenture#DE200102146410D001.146 STAATSOLIE 2020 ANNUAL REPORT'