b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)Areconciliationbetweentaxexpenseandtheaccountingprofit/(loss)multipliedbyStaatsoliesdomestictaxrate is as follows.(X US$ 1,000) 2018 2017Accountingprofitbeforeincometax 148,704 94,270AtStaatsolie'sstatutorytaxrateof32.4%forStaatsolieand36%for (48,397) (33,119)the subsidiariesTax expense at the effective income tax rate reported in the con-(48,397)(33,119)solidated statement of profit or loss Effective tax rate 32.5% 35.1%Consolidated statement of other comprehensive income(X US$ 1,000) 2018 2017Deferred tax related to items recognized in other comprehensive income during the year:Netgain(loss)onunrealizedgains(losses)fromequityinstruments 64(14)Netgainonremeasurementgains/lossesondefinedbenefitplans (3,569) (8,255)Income tax recognized in other comprehensive income (net)(3,505)(8,269)Reconciliation of deferred tax asset / (liability)(X US$ 1,000) 2018 2017Opening balance as of January 1 7,315 16,497Taxincome/(expense)duringtheperiodrecognizedinprofitorloss 1,898 (913)Taxexpenseduringtheperiodrecognizedinothercomprehensiveincome (3,505) (8,269)Closing balance as at December 315,708 7,315 67"