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 significance in the audit of the consolidated OPINION financial statements of 2019. These matters We have audited the consolidated financialwere addressed in the context of the audit of the statements of Staatsolie Maatschappijconsolidated financial statements as a whole, Suriname N.V. (the Group), which compriseand in forming the auditors opinion thereon, and the consolidated statement of financial positionwe do not provide a separate opinion on these as at 31 December 2019 and the consolidatedmatters. For each matter below, our description of statement of profit or loss, the consolidatedhow our audit addressed the matter is provided in statement of other comprehensive income,that context.consolidated statement of changes in equityWe have fulfilled the responsibilities described and consolidated statement of cash flows for thein the Auditors responsibilities for the audit of year then ended, and notes to the consolidatedthe consolidated financial statements section of financial statements, including a summary ofour report, including in relation to these matters. significant accounting policies. Accordingly, our audit included the performance In our opinion, the accompanying consolidatedof procedures designed to respond to our financial statements present fairly, in all materialassessment of the risks of material misstatement respects, the financial position of the Group as atof the consolidated financial statements. The 31 December 2019 and its financial performanceresults of our audit procedures, including the and its cash flows for the year then ended inprocedures performed to address the matter accordance with International Financial Reportingbelow, provide the basis for our audit opinion Standards (IFRSs). on the accompanying consolidated financial statements.BASIS 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 we have fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.28 STAATSOLIE 2019 ANNUAL REPORT'