b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)An entity applies those amendments toStandards issued but not yet effectivetransactionsinwhichitobtainsjointcontrolonorafterthebeginningofthefirstannualreporting Thestandardsandinterpretationsthatareissued,periodbeginningonorafter1January2019,with butnotyeteffective,uptothedateofissuanceearly application permitted. oftheGroupsfinancialstatementsaredisclosedbelow.TheGroupintendstoadoptthesestandards,Theseamendmentshadnoimpactonthe ifapplicable,whentheybecomeeffective.consolidatedfinancialstatementsoftheGroupasthereisnotransactionwhereajointcontrolis AmendmentstoIFRS10andIAS28Saleorobtained. ContributionofAssetsbetweenanInvestorandits Associate or Joint VentureIAS12IncomeTaxesAmendmentstoReferencesintheConceptualTheamendmentsclarifythattheincometax FrameworkinIFRSStandardsEffective1consequencesofdividendsarelinkedmoredirectly January 2020topasttransactionsoreventsthatgenerateddistributableprofitsthantodistributionstoowners. AmendmentstoIFRS3DefinitionofBusinessTherefore,anentityrecognizestheincometax Effective1January2020consequencesofdividendsinprofitorloss, AmendmentstoIAS1andIAS8Definitionofothercomprehensiveincomeorequityaccording towhereitoriginallyrecognizedthosepast MaterialEffective1January2020transactionsorevents.An entity applies the amendments for annual reporting periods beginning on or after 1 January 2019,withearlyapplicationpermitted.Whentheentityfirstappliesthoseamendments,itappliesthemtotheincometaxconsequencesofdividendsrecognizedonorafterthebeginningoftheearliestcomparativeperiod.SincetheGroupscurrentpracticeisinlinewiththeseamendments,theyhadnoimpactontheconsolidatedfinancialstatementsoftheGroup.IAS23BorrowingCostsTheamendmentsclarifythatanentitytreatsaspartofgeneralborrowingsanyborrowingoriginallymadetodevelopaqualifyingassetwhensubstantiallyalloftheactivitiesnecessarytoprepare that asset for its intended use or sale are complete.Theentityappliestheamendmentstoborrowingcosts incurred on or after the beginning of the annualreportingperiodinwhichtheentityfirstapplies those amendments. An entity applies those amendments for annual reporting periods beginningonorafter1January2019,withearlyapplication permitted.SincetheGroupscurrentpracticeisinlinewiththeseamendments,theyhadnoimpactontheconsolidatedfinancialstatementsoftheGroup.63'