b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Marketrisksduetointerestrate(LIBOR)riskhavebeenacceptedandisevaluatedandmanagedaspartoftheportfolioriskmanagementpolicies.Inaddition,StaatsoliemonitorsadesiredratioforitsavailablecashinUS$tofulfillitsforeigncurrencybusinessobligations.Furthermore,Staatsolieacceptstherisksofpricefluctuationsofoilproducts,whiletakingintoaccountaconservativelowpriceforitsworkprogramandbudget.Interest rate riskInterestrateriskistheriskthatthefairvalueorfuturecashflowsofafinancialinstrumentwillfluctuatebecauseofchangesinmarketinterestrates.TheGroupsexposuretotheriskofchangesinmarketinterestratesrelatesprimarilytotheGroupslong-termdebtobligationswithfloatinginterestrates.Interest rate sensitivityThefollowingtabledemonstratesthesensitivitytoareasonablypossiblechangeininterestratesonthatportionofloansandborrowingsaffected.Withallothervariablesheldconstant,theGroupsprofitbeforetaxisaffectedthroughtheimpactonfloatingrateborrowings,asfollows:(x US$ 1) Increase / decrease Effect on profit before tax in basis points Corporate term loan2021US dollar +60 (2,697)-60 2,6972020US dollar +60 (3,225)-60 3,225Foreign currency risk TheGroupmanagestradetransactionsbyoffsettinglocalpaymentsandlocalreceivablesForeigncurrencyriskistheriskthatthefairvalue in SRD creating a natural hedge for the SRD orfuturecashflowsofanexposurewillfluctuate transactions.becauseofchangesinforeignexchangerates.TheGroupsexposuretotheriskofchangesin Thefollowingtabledemonstratesthesensitivityforeign exchange rates relates primarily to thetoareasonablypossiblechangeinUS$andGroupsoperatingactivitiesofsubsidiaryGOw2 SRDexchangerateswithothervariablesheld(asrevenuesandexpensesaredenominatedina constant.TheimpactontheGroupsprofitbeforeforeigncurrency). taxisduetochangesinthefairvalueofthenondesignatedforeigncurrencyderivatives.Sensitivity analysis:( x US$ 1,000) Change in US$ rate Effect on profit before tax2021 48% 907-48% (907)2020 5%153 -5% (153)168 STAATSOLIE 2021 ANNUAL REPORT'