b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Fair valuesSetoutbelowisacomparisonofthecarryingamountsandfairvaluesoftheGroupsfinancialinstruments,otherthanthosewithcarryingamountsthatarereasonableapproximationsoffairvalues:(X US$ 1,000) Carrying amount Fair value2021 2020 2021 2020Financial LiabilitiesLocalBond2020-2025 60,148 60,013 60,781 60,781LocalBond2020-2027 133,060 132,826 134,287 134,287Revolver 6,000 6,000 6,000 6,000Corporate term loan 440,311 524,919 440,311 524,919OtherLongtermliability-10,017-10,017- PikinSaramaccaLoanfromStichtingPensionfondsvoorwerknemersvanStaatsolie 26,508 26,508 26,508 26,508MaatschappijSurinameN.V.Total676,044 750,266 677,904 752,495 Thefairvaluesofthefinancialliabilitiesare Revolver:ThefairvalueoftheRevolverequalsincluded at the amount of which the instrumentthecarryingvalue.couldbeexchangedatthereportingdatebetweenwillingparties,otherthaninaforcedorliquidation Corporatetermloan:IFRS9Recognitionsale.Thefairvaluesofthefinancialliabilities modificationwasappliedforthefairvalueofthearedeterminedbasedonpricequotationsatthe term Loan.respectivereportingdates.Thefinancialassetsof OtherLong-termliability-PikinSaramacca:IFRStheGroupapproximatefairvalueandaretherefore 9Recognitionmodificationwasappliedfortheexcludedfromthetableabove. fairvalueofthetermLoan.L ocalBond:Thefairvalueateachreporting L oanfromStichtingPensionfondsvoordatewasobtainedfromtheofficiallypublished werknemersvanStaatsolieMaatschappijnumbersfromtheDutchCaribbeanStock SurinameN.V.:ThefairvalueofthePensionfundExchange(DCSX). loanequalsthecarryingvalue.Financial assetsFinancial assets at fair value through OCITheGrouphasshort-terminvestmentsinlocallylistedequitysecuritiesoflocalcompanies.Thefairvalueofthequotedequitysharesisdeterminedbyreferencetopublishedpricequotationsinanactivemarket.(X US$ 1,000) 2021 2020Financial assets at fair value through OCIQuotedequityshares 1,326 1,952Total 1,326 1,952171'