b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)Anentityhastodeterminewhethertoconsider Amendments to IAS 28: Long-term interests in each uncertain tax treatment separately orassociates and joint venturestogetherwithoneormoreotheruncertaintaxtreatments.Theapproachthatbetterpredictsthe Theamendmentsclarifythatanentityappliesresolutionoftheuncertaintyneedstobefollowed. IFRS9tolong-terminterestsinanassociateorTheinterpretationdidnothaveanimpactonthe jointventuretowhichtheequitymethodisnotconsolidatedfinancialstatementsoftheGroup. appliedbutthat,insubstance,formpartofthenetinvestmentintheassociateorjointventureAmendments to IFRS 9: Prepayment Features(long-terminterests).Thisclarificationisrelevantwith Negative Compensation because it implies that the expected credit loss UnderIFRS9,adebtinstrumentcanbemeasured modelinIFRS9appliestosuchlong-termatamortizedcostoratfairvaluethroughother interests.comprehensiveincome,providedthatthe Theamendmentsalsoclarifiedthat,inapplyingcontractualcashflowsaresolelypaymentsof IFRS9,anentitydoesnottakeaccountofprincipal and interest on the principal amountanylossesoftheassociateorjointventure,oroutstanding(theSPPIcriterion)andthe anyimpairmentlossesonthenetinvestment,instrumentisheldwithintheappropriatebusiness recognizedasadjustmentstothenetinvestmentmodelforthatclassification.Theamendments intheassociateorjointventurethatarisefromtoIFRS9clarifythatafinancialassetpasses applyingIAS28InvestmentsinAssociatesandtheSPPIcriterionregardlessofaneventor Joint Ventures.circumstance that causes the early termination of thecontractandirrespectiveofwhichpartypays Theseamendmentshadnoimpactontheorreceivesreasonablecompensationfortheearly consolidatedfinancialstatementsastheGroupterminationofthecontract.Theseamendments doesnothavelong-terminterestsinitsassociatehadnoimpactontheconsolidatedfinancial andjointventurethatarenotaccountedforusingstatements of the Group. theequitymethod.Amendments to IAS 19: Plan Amendment,Annual Improvements 2015-2017 CycleCurtailment or Settlement IFRS3BusinessCombinationsTheamendmentstoIAS19addressthe Theamendmentsclarifythat,whenanentityaccountingwhenaplanamendment,curtailment obtainscontrolofabusinessthatisajointorsettlementoccursduringareportingperiod.The operation,itappliestherequirementsforaamendmentsspecifythatwhenaplanamendment, businesscombinationachievedinstages,curtailment or settlement occurs during the annualincludingremeasuringpreviouslyheldinterestsinreportingperiod,anentityisrequiredtodetermine theassetsandliabilitiesofthejointoperationatthecurrentservicecostfortheremainderofthe fairvalue.Indoingso,theacquirerremeasuresitsperiodaftertheplanamendment,curtailmentor entirepreviouslyheldinterestinthejointoperation.settlement,usingtheactuarialassumptionsusedtoremeasurethenetdefinedbenefitliability(asset) An entity applies those amendments to business reflectingthebenefitsofferedundertheplan combinationsforwhichtheacquisitiondateisonandtheplanassetsafterthatevent.Anentityis orafterthebeginningofthefirstannualreportingalsorequiredtodeterminethenetinterestforthe periodbeginningonorafter1January2019,withremainderoftheperiodaftertheplanamendment, early application permitted.curtailmentorsettlementusingthenetdefinedbenefitliability(asset)reflectingthebenefitsoffered Theseamendmentshadnoimpactontheundertheplanandtheplanassetsafterthatevent, consolidatedfinancialstatementsoftheGroupand the discount rate used to remeasure that netasthereisnotransactionwhereajointcontrolisdefinedbenefitliability(asset). obtained. Theseamendmentshadnoimpactonthe IFRS11JointArrangementsconsolidatedfinancialstatementsoftheGroupasitdidnothaveanyplanamendments,curtailments, Apartythatparticipatesin,butdoesnothavejointor settlements during the period. controlof,ajointoperationmightobtainjointcontrolofthejointoperationinwhichtheactivityofthejointoperationconstitutesabusinessasdefinedinIFRS3.Theamendmentsclarifythatthepreviouslyheldinterestsinthatjointoperationarenotremeasured.62 STAATSOLIE 2019 ANNUAL REPORT'