b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)( x US$ 1,000)Increase / decrease in Effect on profit before taxEffect on profit before tax crude oil prices for the year ended 31 Decemberfor the year ended 31 December 2018 (increase/decrease) 2017 (increase/decrease)+10% 45,962 38,025-10% (45,962) (38,025)Liquidity risk analysis for production and conservative price assumptions,andrestrainedcapitalexpenditures.LiquidityriskistheriskthattheGroupwill Furthermore,optionaldebtisavailablewithinencounterdifficultyinmeetingobligations the credit agreement in accordance with the associatedwithfinancialliabilitiesthataresettled debt basket. Cash in excess is being managed bydeliveringcashoranotherfinancialasset. by the corporate treasury department through TheGroupmanagesitsliquidityriskbasedon intercompany cash pooling agreements with its reportingcovenants,encompassingsensitivity subsidiaries.ThetablebelowsummarizesthematurityprofileoftheGroupsfinancialliabilitiesasatDecember31:(X US$ 1,000) 1 year 2 to 4 years > 4 years Total2018Bond and term loans 82,623 512,111 335,393 930,127Tradepayable 106,957 - - 106,957Accruals and other liabilities 29,617 - - 29,6172017Bond and term loans 156,944 450,259 382,493 989,696Tradepayable 90,570 - - 90,570Accruals and other liabilities 84,325 - - 84,325Credit risk An impairment analysis is performed at each reporting date using a provision matrix to measure Credit risk is the risk that a counter party will notexpectedcreditlosses.Theprovisionmatrixismeetitsobligationsunderafinancialinstrument based on its historical observed default rates leadingtoafinancialloss. over the expected life of the trade receivables TheGrouptradeswithrecognised,creditworthy andisadjustedforforward-lookingestimates.thirdparties.ItistheGroupspolicythatall Generally,tradereceivablesarewritten-offifpastcustomers who wish to trade on credit terms aredueformorethanoneyearandarenotsubjecttosubjecttocreditverificationprocedures,which enforcement activity. includeanassessmentofcreditrating,short- Withrespecttocreditriskarisingfromtheothertermliquidityandfinancialposition.Inaddition, financialassetsoftheGroup,whichcomprisereceivablebalancesaremonitoredonanon-going cash,short-terminvestmentsandshort-termbasis and GoS receivables are settled with GoSdeposits,theGroupsexposuretocreditriskarisespayables.Note6.2showsananalysisofthetrade fromdefaultofthecounterparty,withamaximumreceivable ageing. exposureequaltothecarryingamountoftheseinstruments.111'