b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)ThecashdistributionsreceivedfromSuriname TheUJVPikinSaramaccaencompassestheGoldProjectCVamountedtoUS$199,628in2021 exploration,development,andexploitationofgold(2020:US$198,079).Furtherthecashcallspaid intheUJVareaexceptfortheGrossRosebelamountedtoUS$101,362in2021(2020:US$ Concession.CurrentlytheUJVPikinSaramacca109,585). comprises of 7 exploration rights and 1 exploitation right,namelySaramaccaConcession.TheGrouphadnocontingentliabilitiesorcapitalcommitments relating to its interest in the SurinameTheSaramaccaConcessionislocated25GoldProjectCVasatDecember31,2021(2020: kilometerssouthwestofitsRosebelMillingNIL).Thejointventurehadnocontingentliabilities facilityand125kilometerssouthofParamaribo,orcapitalcommitmentsasatDecember31,2021 Suriname.(2020:NIL)thatmaybeconsideredtohaveamaterialadverseeffectonitsfinancialpositionor TheUJVisorganizedasanoperatingjointventureresult of operations. inwhichthepartnerssharethecostsbasedontheirrespectiveparticipationpercentage.TheUJVTheabovesummarizedfinancialinformationof hasnoequity,andallamountsaresettledincashSurinameGoldProjectCVasatDecember31, bytherespectivepartners.Thetotaloperating2021and2020wasbasedontheauditedfinancial costsareallocatedtoeachPartyona30/70statementsfortheyearendedDecember31,2021. percentbasis.Capital investment in joint operations RestatementPikin Saramacca Basedontheprovisionalaccounting,thedifferencebetweentheconsiderationpaidUS$54,826fortheInApril2020,Staatsolieenteredintoan investmentintheUJVPikinSaramaccaandtheUnincorporatedJointVenture(UJV)withRosebel totalnetassetvalueofUS$40,807wasrecognizedGoldMinesN.V.(Rosebel)namedPikin as a reduction against retained earnings reported Saramacca. asat31December2020.Therefore,anadjustmentTheUJVisgovernedbytheMineralAgreement toreversetheminingproperties,(US$14,019)datedApril7,1994,asamended,theUJV againstretainedearningswasmade.Furthermore,agreementandtheAccountingmanualbothsigned thedepreciationexpensesofUS$3,230recordedonApril22,2020.InthisUJV,theparticipating in2020,wasreversedinaccordancewithinterestis30%forStaatsolieand70%forRosebel InternationalAccountingStandards16,Property,andthelatterhasbeenappointedastheUJV plantandequipmentandIFRS3,Businessoperator.Combinations.Accordingly,anadjustmentwasrequiredtorestatethe2020financialstatementsinRosebel,establishedonMay8,2002,isa accordancewiththeprovisionalaccountingmethodsubsidiaryofIAMGOLDCorporation. asoutlinedbelow:Staatsolieacquiredthis30%participatinginterestfor US$ 54 million (US$ 34 million cash and US$ 20milliontobepaidwithinayear).(X US$ 1,000) Previously Adjustment Adjusted reported 2020 2020Summary of adjusted categories Otherproperty,plantandequipment 160,605 (10,787) 149,818Incometaxpayable-(1,047) (1,047)Retained earnings(1,246,051) 11,834 (1,234,217)Total before and after restatement(1,085,446)- (1,085,446)Therewasnomaterialimpacttothe2020consolidatedstatementofprofitorloss.123'