b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Finance costs (X US$ 1,000) 2019 2018Interest on borrowings (47,058) (56,378)Accretion expenses of provisions (9,542) (6,390)Otherfinancecharges (2,046) (518)Accretion expenses of lease liabilities (825) (704)Total finance costs(59,471)(63,990)Other income (net)(X US$ 1,000) 2020 2019Sales tax -202Thirdpartyclaims-19Gain on foreign currency transactions 14,507133 Other(expense)/income(net) (240) 3,730DerecognitionofPPE-1,178Transfercosts-PensionFundLoan-(150)Total other expense (net)14,267 5,112 Otherincome(net)asatDecember31,2020 September2020,thegovernmentdepreciatedthecomprisesincome/(expense)fromseveralsources. Surinamese dollars (SRD).Thesignificantitemsin2020relatetothecostofanewpump(US$1,450),aclaimreceivableofOtherincome(net)asatDecember31,2019US$1,462andotherexpensesof(US$227). comprisesincome/(expense)fromseveralsources.Thesignificantitemin2019relatestootherincomeThechangeinthegainonforeigncurrency (net)ofUS$3,730whichrepresentsinthemaintransactions relates to GOw2.thefavorableimpactofthegoodsreceived/invoicesclean-upofUS$2,555andincomeofUS$1,424GOw2sfunctionalcurrencyistheSurinamese arising from the sale of data packages to potential dollars(SRD),butthereportingcurrencyof bidders for oil exploration activities.the group is in United States dollars (US$). In Expensed projects(X US$ 1,000) 2020 2019Expensedprojects-Downstream (6,738) (407)Expensedprojects-Corporate (1,566) 87Expensedprojects-Upstream (1,809) (1,765)Total(10,113)(2,085)TheincreaseofUS$8,027in2020whencomparedtothepreviousyear,mainlyrelatestotheTNIprojectattherefinery(US$6,666)andtheintegratedGuianaBasinstudy(US$1,386).88 STAATSOLIE 2020 ANNUAL REPORT'