b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Other intangible assetsKey assumptions used in value-in-use calculations ThebalanceonDecember31,2021,ofotherintangibleassetsrepresentscapitalized ThecalculationofVIUfortheGOw2CGUismostcomputer software.sensitivetothefollowingkeyassumptions:NewcapitalizationstointangibleassetsarebeingGross marginamortizedbydefaultonastraight-linebasisovera useful life of 5 years.Discount rates AdditionstoexistingIntangibleAssetsarebeingOil pricesamortizedonastraight-linebasisoverthe Marketshareduringthebudgetperiodremaining useful life of the main asset. Yearlyausefullifeevaluationiscarriedouton GrowthrateusedtoextrapolatecashflowsIntangiblesforStaatsolieandsubsidiaries. beyondthebudgetperiodImpairment testing of goodwillGross marginsTheGroupperformedtheannualimpairmenttest GrossmarginsarebasedonaveragevaluesasatDecember31,2021. achievedinthethreeyearsprecedingthestartofthebudgetperiod.TheseareincreasedovertheGoodwillacquiredthroughbusinesscombinations budgetperiodforanticipatedimprovementsinthewithindefinitelifehasbeenallocatedtooneCGU efficiencyofoperations.Anincreaseof2%(2020:(GOw2).Thecarryingvalue(netassetsincluding 2%)perannumwasappliedbasedoneconomicGoodwill)ofthisCGUisUS$44,719atDecember growth(quantities)oftheCGU.31,2021(US$42,075atDecember31,2020). Discount rates TherecoverableamountoftheGOw2CGUof DiscountratesrepresentthecurrentmarketUS$90,604atDecember31,2021(US$56,473 assessmentoftherisksspecifictoeachCGU,asatDecember31,2020)hasbeendetermined takingintoconsiderationthetimevalueofmoneybasedonavalue-in-use(VIU)calculationusing andindividualrisksoftheunderlyingassetsthatcashflowprojectionsfromfinancialbudgets havenotbeenincorporatedinthecashflowapprovedbytheresponsibledirectorcoveringa estimates.Thediscountratecalculationisbasedfive-yearperiod. onthespecificcircumstancesoftheGroupandThepost-taxweightedaveragecostofcapital itsoperatingsegmentsandisderivedfromits(WACC)discountrateappliedtothecashflow WACC,withappropriateadjustmentsmadeprojectionsis12.73%(2020:12.02%),andcash toreflecttherisksspecifictotheCGU.Theflowsbeyondthefive-yearperiodareextrapolated WACCconsidersbothdebtandequity,weightedusinga2%(2020:2%)growthratethatisthe 44.76%(2020:32.48%)debtversus55.24%sameasthelong-termaveragefuelconsumption (2020:67.52%)equity,duetothedebt-to-equitygrowth rate for the petroleum products sector.structureoftheGroup.ThecostofequityisAsaresultoftheanalysis,managementdidnot derivedfromtheexpectedreturnoninvestmentidentifyimpairmentforthisCGU.TheGOw2CGU bytheGroupsinvestors.Thecostofdebtisformspartofthedownstreamreportablesegment. basedontheinterest-bearingborrowingstheApplyingapre-taxWACCdiscountrate16.56% Groupisobligedtoservice.Segment-specific(2020:18.02%)tothecashflowprojections riskisincorporatedbyapplyingindividualbetaprovidesthesameVIUfortheCGU. factors.Thebetafactorsareevaluatedannuallybasedonpubliclyavailablemarketdata.Oil pricesLongtermforecastedoilpricesarebasedonmanagementsestimatesandavailablemarketdata.125'