b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Dividend to related partiesa ndanoutstandingpayabletoPDVSAPetrleo,S.A.(PDVSA)amountingtoUS$49,144whichTheGroupdidnotmakeanyinterimpayment, has been used as a settlement with the GoS subjecttoapproval,regardingdividendtoits Receivables,basedonthewrittenconfirmationshareholder,(GoS)in2020regardingfiscalyear from GoS that all payment obligations of 2020. StaatsolieduetoPDVSApursuanttothecontractTrade receivables from / trade payables towill be assigned to GoS. shareholder (GoS)After settlement of the GoS receivable balance ThetotaltradereceivablebalanceofUS$102,414 withdividendpayableofUS$59,529thenetasatDecember31,2020(2019:US$104,815) payablebalanceduetoGoSwillbeUS$20,900consistsofabalanceofUS$14,640(2019:(2019:PayableUS$23,937).US$34,172)whichisrelatedtootherthird-party TheGroupmadeadividendpaymentof trade receivablesUS$10,000totheshareholderinthefirstquarterFurther,aGoSreceivablebalanceofUS$87,774 of2021.asofDecember31,2020(2019:US$70,643)for: Terms and conditions of transactions withdelivery of oil and electricity to GoS and oilrelated parties deliveries to N.V. EBS including a receivableThesalestoandpurchasesfromrelatedpartiesfortransmissionlinephase4:US$38,630 aremadeintheordinarycourseofbusiness.There(2019:US$21,499) is an arrangement with GoS for the settlement of the trade receivables from N.V. EBS and the outstanding payables to GoS.Compensation of key management personnel of the Group:(X US$ 1,000) 2020 2019Shorttermemployeebenefits 3,497 2,403Post-employmentpensionandmedicalbenefits 348 985Total Compensation paid to key management personnel 3,845 3,388 Therearenootherrelatedpartytransactions.154 STAATSOLIE 2020 ANNUAL REPORT'