b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)SECTION 3. ThesefunctionshavebeendefinedastheRESULTS FOR THE YEAR operating segments of the Group because they arethesegments:Thissectionprovidesadditionalinformation 1.ThatengageinbusinessactivitiesfromwhichthatismostrelevantinexplainingtheGroups revenuesareearnedandexpensesareincurred.consolidated performance during the year.2.WhoseoperatingresultsareregularlyreviewedSegment information (Section 3.1) bytheboardofexecutivedirectorstomake I nformation about key items comprising operatingdecisions about resources to be allocated to the profit/loss(Section3.2) segment and assess its performance.Income tax (Section 3.3) 3.Forwhichdiscretefinancialinformationisavailable. Earnings per share (Section 3.4)ThecorporatesegmentarethefunctionalDividendspaidandproposed(Section3.5) departments of the Group that consists ofPetroleumContractsandallothercorporateadministrativefunctions.Theboardofexecutivedirectors(whichcollectively3.1 SEGMENT INFORMATION isconsideredtobetheChiefOperatingDecisionFormanagementpurposes,Staatsolieis Maker)monitorstheoperatingresultsofitsorganizedintoreportablesegmentsthatinclude business units separately for the purpose of three operating segments and a corporatemaking decisions about resource allocation and segment.performance assessment. Segment performance isevaluatedbasedonoperatingprofitorlossandThethreeoperatingsegmentsare: ismeasuredconsistentlywithoperatingprofitorlossintheconsolidatedfinancialstatements.Upstream:thissegmentisresponsibleforexploring,developing,producingandtransportingcrudeoiltotherefinery.Downstream:isresponsibleforrefiningthecrudeoil,marketing,selling,anddistributingtherelatedoilproducts.Furthermore,tradingwhichis related to trading fuel products and selling theseproductstowholesale,retailandbunkeringcustomers.Lastly,partofthissegmentisalsothe96-megawattthermalpowerplantoperation,whichdeliverstheelectricpowertothesinglesourcecustomer,thenationalelectricitycompanyN.V. EBS. GoldMining:theGrouphasaninvestmentinajointventurethatisinvolvedintheexploration,developmentandexploitationoftheMerianGoldminewhichregularlyreviewedbytheChiefOperatingDecisionMaker(CODM).65'