Jaarverslag 2014

4 Cash and cash equivalents
(x US$ 1,000, unless indicated otherwise)
2014 2013
Cash at foreign banks 58,524 82,767
Cash at local banks 56,267 49,866
Total bank balance 114,791 132,633
Petty cash 382 1,058
115,173 133,691
Cash and Cash equivalents include restricted cash for a total of US$ 45.6 million (2013: US$ 53.3 million). The nature
of these restricted funds relates to:
− Collateral with reference to Staatsolie’s long term loans and funding for the intrest and loan (re)payment,
ad US$ 7.7 million;
− The expansion of the SPCS power plant and collateral with reference to the loans and funding for intrest and loan
(re)payment of SPCS, ad US$ 26.8 million;
− Corporate parent guarantees of Staatsolie to secure Ventrin's bank loans as well as other operational activities, ad
US$ 11.1 million.
5 Short‐term investments
2014 2013
Powisie Gold certificates - 6,972
Shares 8,753 7,893
8,753 14,865
Valuation of short‐term investments is based on level 1 inputs. These are quoted prices in active markets for
identical assets or liabilities. On March 13, 2014, the remainder of the Powisie Gold certificates in the amount of
US$ 6,972,045 were exchanged at the Centrale Bank van Suriname.
6 Trade receivables
2014 2013
Trade receivables in US$ 82,769 100,906
Trade receivables in other currencies 12,008 11,424
94,777 112,330
The trade receivables include a provision for doubtful accounts of US$ 8,655,256 of which US$ 7,620,715 for
Staatsolie and US$ 1,034,541 for Ventrin (2013: US$ 6,119,609).
7 Inventories
2014 2013
Petroleum products 18,794 20,016
Materials and supplies (net) 14,838 11,812
Ordered goods 6,892 3,228
40,524 35,056
Materials and supplies include a provision for obsolete items of US$ 822,536. In 2013 no additional provision has
been calulated for obsolete materials and supplies.
46
Staatsolie Annual Report 2014