b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)(X US$ 1,000) 2019 2018Summarised statement of profit or loss of Suriname Gold Project CV:Revenue 734,085 676,884Cost of Sales (296,903) (275,025)Administrativeexpenses,includingdepreciation$107,987(126,936) (126,539)(2018:$105,815)Other Income (expense) 844 2,663ManagementFee (13,366) (12,911)Profit before tax297,724 265,072 Group's share of the profit for the year74,431 66,268 TheGrouphadnocontingentliabilitiesorcapital WiththecompletionoftherefinancinginMay2018,commitments relating to its interest in the SurinameStaatsoliesettleditsliabilitywiththeGovernmentofGoldProjectC.V.asatDecember31,2019(2018: SurinameofUS$63,087,effectivelyextinguishingNIL).Thejointventurehadnocontingentliabilities theGovernmentofSurinamesbeneficialorcapitalcommitmentsasatDecember31,2019 ownershipof4.8%shareintheSurinameGold(2018:NIL)thatmaybeconsideredtohavea ProjectC.V.materialadverseeffectonitsfinancialpositionorresult of operations. TheabovesummarizedfinancialinformationofSurinameGoldProjectC.V.asatDecember31,2019and2018wasbasedonauditedfigures.85"