b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)ongoingbasisduringproductionareprovided Thedateoftheplanamendmentorcurtailmentforattheirnetpresentvaluesandrecognizedinprofitorlossasproductioncontinues. AndChanges in the estimated timing or cost ofThedateonwhichtheGrouprecognizesrelateddecommissioningaredealtwithprospectively restructuring costsbyrecordinganadjustmenttotheprovision Netinterestiscalculatedbyapplyingthediscountandacorrespondingadjustmenttooilandgas ratetothenetdefinedbenefitliabilityorasset.Theproperties. Any reduction in the decommissioningGrouprecognizesthefollowingchangesintheliabilityand,therefore,anydeductionfrom netdefinedbenefitobligationundercostofsales,theassettowhichitrelates,maynotexceed generalandadministrativeexpensesandsellingthecarryingamountofthatasset.Ifitdoes, anddistributionexpensesintheconsolidatedanyexcessoverthecarryingvalueistaken statementofprofitorloss(byfunction):immediatelytotheconsolidatedstatementofprofitor loss. ServicecostscomprisingcurrentserviceIf the change in estimate results in an increasecosts,past-servicecosts,gainsandlossesoninthedecommissioningliabilityand,therefore, curtailments and non-routine settlements.anadditiontothecarryingvalueoftheasset,the Net interest expense or income. Group considers whether this is an indication of impairmentoftheassetasawhole,andifso, w. IFRS 5 Non-Current Assets held for sale and testsforimpairment.If,formaturefields,the Discontinued operations estimatefortherevisedvalueofoilandgasassetsnetofdecommissioningprovisionsexceedsthe TheGroupclassifiesnon-currentassetsandrecoverablevalue,thatportionoftheincreaseis disposal groups as held for sale if their carrying charged directly to expense. amountswillberecoveredprincipallythroughaOvertime,thediscountedliabilityisincreasedfor sale transaction rather than through continuing thechangeinpresentvaluebasedonthediscount use. Non-current assets and disposal groups ratethatreflectscurrentmarketassessments classifiedasheldforsalearemeasuredattheandtherisksspecifictotheliability.Theperiodic loweroftheircarryingamountandfairvaluelessunwindingofthediscountisrecognizedinthe costs to sell. Costs to sell are the incremental consolidatedstatementofprofitorlossasa costsdirectlyattributabletothedisposalofanfinancecost. asset(disposalgroup),excludingfinancecostsandincometaxexpense.Thecriteriaforheldv. Pensions and other postemploymentforsaleclassificationisregardedasmetonlybenefitswhenthesaleishighlyprobable,andtheassetordisposalgroupisavailableforimmediateTheGroupoperatesdefinedbenefitpension saleinitspresentcondition.Actionsrequiredplans.Re-measurements,comprisingofactuarial to complete the sale should indicate that it is gainsandlosses,theeffectoftheassetceiling unlikelythatsignificantchangestothesale(excluding amounts included in net interest onwillbemadeorthatthedecisiontosellwillbethenetdefinedbenefitliability)andthereturn withdrawn.Managementmustbecommittedtoon plan assets (excluding amounts includedthe plan to sell the asset and the sale expected to innetinterestonthenetdefinedbenefit becompletedwithinoneyearfromthedateoftheliability),arerecognizedimmediatelyinthe classification.consolidatedstatementoffinancialpositionwitha Property,plantandequipmentandintangiblecorrespondingdebitorcredittoretainedearnings assetsarenotdepreciatedoramortizedoncethrough OCI in the period in which they occur.classifiedasheldforsale.AssetsandliabilitiesRe-measurementsarenotreclassifiedtoprofitor classifiedasheldforsalearepresentedlossinsubsequentperiods.Inaddition,theGroup separately as current items in the statement of operatesotherlong-termemployeebenefitplans, financialposition.ofwhichthere-measurementsarerecognizedintheprofitorloss.Furthermore,forboththe Discontinued operations are excluded from definedbenefitpensionplansandtheotherlong- the results of continuing operations and are termemployeebenefitplanspastservicecosts presentedasasingleamountasprofitorlossarerecognizedinprofitorlossontheearlierof: after tax from discontinued operations in the statementofprofitorloss:90 STAATSOLIE 2021 ANNUAL REPORT'