b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)SECTION 7.GROUP INFORMATION AND RELATED PARTY DISCLOSURES Information about subsidiaries TheconsolidatedfinancialstatementsoftheGroupwithStaatsolieN.V.asthemainshareholderincludesthefollowingsubsidiaries:Subsidiaries Activities Country of Incorporation % Equity Interest2020 2019GOw2 DistributionsandTrading Suriname 100 100Ventrin DistributionsandTrading TrinidadandTobago 100 100POC Exploration activities Suriname 100 100SHI Regulator role Suriname 100 -SPCS Electricity Generator Suriname 99.99 99.99POCisatthismomentadormantcompanyandactivitieswereputonholdsince2015.Thenon-controllinginterestinSPCSisnotmaterialtotheGroup.Joint arrangement in which the Group is a joint ventureTheGrouphasa25%interestinSurinameGoldProjectCV(2019:25%)withNewmontSurinameLLC.Joint arrangement in which the Group has joint operationsInApril2020,StaatsolieenteredintoanUnincorporatedJointVenture(UJV)withRosebelGoldMinesN.V.(Rosebel)namedPikinSaramacca.TheUJVisgovernedbytheMineralAgreementdatedApril7,1994,asamended,theUJVagreementandtheAccountingmanualbothsignedonApril22,2020.InthisUJV,theparticipatinginterestis30%forStaatsolieand70%forRosebelandthelatterhasbeenappointedastheUJVoperator.Staatsolieacquiredthis30%participatinginterestforUS$54million(US$34millioncashandUS$20milliontobepaidwithinayear).Transactions with related parties productsandelectricity,purchaseofelectricity,andrenderingofmaritimeservices.ThefollowingDuringtheyear,theGroupenteredthefollowing companies are all state-owned enterprises and transactions,intheordinarycourseofbusiness therefore are related parties due to the common with related parties. Examples of theseownership:transactions include sale and delivery of petroleum Government of Suriname (GoS)(X US$ 1,000) Sales of goods Purchases of goods Trade receivables Trade payables2020 65,750330,997- 2019 89,582-25,550- N.V. Energie Bedrijven Suriname (N.V.EBS)(X US$ 1,000) Sales of goods Purchases of goods Trade receivables Trade payables2020 40,662 16 2,373 1,6962019 15,583 9,796 11,629 9,291151'