b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Theageinganalysisofthetradereceivables(netofallowanceforexpectedcreditlosses)is,asfollows:Past due but not impairedNeither past due nor 30-6061-9091-120 (X US$ 1,000) Totalimpaired 30 days days days days 120 days2020 102,414 7,849 3,454 6,324 6,010 17,295 61,4822019 104,815 13,253 14,916 4,629 3,977 1,990 66,050ThetotaltradereceivablebalanceofUS$102,414 After settlement of the GoS receivable balance asatDecember31,2020(2019:US$104,815) withdividendpayableofUS$59,529thenetconsistsofabalanceofUS$14,640(2019:payablebalanceduetoGoSwillbeUS$20,900US$34,172)whichisrelatedtootherthird-party (2019:PayableUS$23,937).trade receivables.TheGroupmadeadividendpaymentofUS$Further,aGoSreceivablebalanceofUS$87,774 10,000totheshareholderinthefirstquarterofasofDecember31,2020(2019:US$70,643)for: 2021. delivery of oil and electricity to GoS and oilIn determining the recoverability of a trade or otherdeliveries to N.V. EBS including a receivablereceivable,theGroupperformsariskanalysisfortransmissionlinephase4:US$38,630 considering the type and age of the outstanding (2019:US$21,499) receivable and the creditworthiness of the counterparties. andanoutstandingpayabletoPDVSAPetrleo,S.A.(PDVSA)amountingtoUS$49,144which TheGroupdoesnottrackchangesincreditrisk,has been used as a settlement with the GoSbutinsteadrecognizesalossallowancebasedonReceivables,basedonthewrittenconfirmation lifetimeECLsateachreportingdate.TheGroupfrom GoS that all payment obligations ofhas established a provision matrix that is based StaatsolieduetoPDVSApursuanttothecontract onitshistoricalcreditlossexperience,adjustedforwill be assigned to GoS.forward-lookingfactorsspecifictothedebtorsandthe economic environment. Prepaidexpensesandothercurrentassetsconsistedofthefollowing:(X US$ 1,000) 2020 2019Receivable from personnel145119Prepaidinsurancecosts 2,385 1,459Current Account Surgold 289 -Downpayment to vendors6,255 12,403Prepaidpurchasedgoods,servicesandother 2,634 4,381Net sales tax receivable 1,298 1,660Current Account GoS 63 - 13,069 20,022 148 STAATSOLIE 2020 ANNUAL REPORT'