b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)2.5 RESTATEMENTrecordedinthepastwasrequiredinaccordanceBasedontheusefullifeevaluationofproperty, withInternationalAccountingStandards16,plantandequipmentperformedin2019,itwas Property,plantandequipmentandInternationalnotedthatcertainassetswereexcludedinerror AccountingStandards8,Accountingpolicies,intheannualusefullifeevaluationof2018.Asa changesinaccountingestimatesanderrors.consequence,itwasdiscoveredthattheseassets Accordingly,anadjustmentwasrequiredtorestatewerefullydepreciatedandstillinuse.Therefore, the2018financialstatementsasoutlinedbelow:anadjustmenttoreversedepreciationexpenses(X US$ 1,000) 2018 Restatement Restated 2018Summary of restated categories:Refiningproperties 922,457 12,193 934,650Otherproperty,plantandequipment 117,933 491 118,424Deferredtaxasset 5,708 (4,997) 711Retainedearnings (1,190,103) (7,687) (1,197,790)Total before and after restatement(144,005)- (144,005)Therewasnomaterialimpacttothe2018consolidatedstatementofprofitorloss.2.6 RECLASSIFICATIONReclassificationwithinthe2018consolidatedForthe2019financialstatementpreparation,itwas statementoffinancialpositionfollows:necessarytoreclassifycomparativeinformation F or2018anamountofUS$3,026wasinordertoconformwithchangesinpresentation reclassifiedbetweenMaterialsandsuppliesandinthecurrentyear.Thereclassificationshaveno Orderedgoods(Section6.3).ThisresultedinaneffectonthenetprofitandnetassetoftheGroup increase in Ordered goods and a corresponding forthepreviousorcurrentyear. reductioninMaterialsandsupplies.64 STAATSOLIE 2019 ANNUAL REPORT'