b'Independent Auditors ReportTO THE SHAREHOLDERS OF STAATSOLIE MAATSCHAPPIJ SURINAME N.V.Report on the Audit o KEY AUDIT MATTERSREPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS Key audit matters are those matters that, in our professional judgment, were of most significanceintheauditoftheconsolidatedOPINION financialstatementsof2018.ThesemattersWehaveauditedtheconsolidatedfinancial were addressed in the context of the audit of the statements of Staatsolie Maatschappij Surinameconsolidatedfinancialstatementsasawhole,N.V. (the Group), which comprise theand in forming the auditors opinion thereon, and consolidatedstatementoffinancialpositionasat we do not provide a separate opinion on these 31 December 2018, the consolidated statementmatters. For each matter below, our description of ofprofitorloss,theconsolidatedstatement how our audit addressed the matter is provided in of other comprehensive income, consolidatedthat context.statement of changes in equity and consolidatedWehavefulfilledtheresponsibilitiesdescribedstatementofcashflowsfortheyearthen in the Auditors responsibilities for the audit of ended,andnotestotheconsolidatedfinancial theconsolidatedfinancialstatementssectionofstatements,includingasummaryofsignificant our report, including in relation to these matters. accounting policies. Accordingly, our audit included the performance In our opinion, the accompanying consolidatedof procedures designed to respond to our financialstatementspresentfairly,inallmaterial assessment of the risks of material misstatement respects,thefinancialpositionoftheGroupasat oftheconsolidatedfinancialstatements.The31December2018anditsfinancialperformance results of our audit procedures, including the anditscashflowsfortheyearthenendedin procedures performed to address the matters accordance with International Financial Reportingbelow, provide the basis for our audit opinion Standards (IFRSs). ontheaccompanyingconsolidatedfinancialstatementsBASIS FOR OPINIONWe conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the International Ethics Standards Board for Accountants Code of Ethics for Professional Accountants (IESBA Code), and wehavefulfilledourotherethicalresponsibilitiesin accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficientandappropriatetoprovideabasisforour opinion.20 STAATSOLIE 2018 ANNUAL REPORT'