b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)4.4 CAPITAL INVESTMENT IN JOINT VENTUREOn14November2014Staatsolieenteredasa fund approved operating costs and capital limited partner with an interest of 25% into theexpenditures. Each partner is responsible for partnershipSurinameGoldProjectC.VNewmont funding the partnership for its portion based on its SurinameLLC,asubsidiaryofNewmontMining participating interest. Corporation,isthemanagingpartnerwitha75%interest in this partnership. Newmont SurinameMonthlythepartnershipallocatescapitalLLC is a limited liability company formed pursuantcontributions which is the total compensation tothelawsoftheStateofDelaware,UnitedStates received by the partnership in exchange for selling of America.thepartnershipsgoldproductionattributableto each partner in proportion to its respective TheSurinameGoldProjectC.V.encompassesthe participatinginterest.Staatsoliesmaximumexploration,developmentandexploitationofthe exposure to loss from its interest in the Suriname goldmineMerian,whichisagolddepositlocated GoldProjectCVpartnershipequalstheannualin the eastern part of Suriname close to the Frenchcapital contributions. Guianaborder.ConstructionoftheMerianGoldproject(thecurrentmine)beganaftertherightof TheGroupsinterestintheSurinameGoldexploitationwasgranted.SurinameGoldProject ProjectCVisaccountedforintheconsolidatedC.V. commenced commercial gold production onfinancialstatementsusingtheequitymethod.TheOctober1,2016. summarizedfinancialinformationofthejointventureand reconciliation with the carrying amount of the TheSurinameGoldProjectCVpartnershipis investmentandshareintheprofitoftheJVinthefinancedthroughmonthlycashcalls(capital consolidatedfinancialstatementsaresetoutbelow:contributions) which is the mechanism to (X US$ 1,000) 2018 2017Summarized statement of financial position of Suriname GoldProject CV:Currentassets,includingcashandcashequivalents$39,988(2017: 199,534 132,384$26,700)andinventories$81,664(2017:$78,691)Non-currentassets 1,046,059 1,068,783Currentliabilities,includingaccountspayable$23,370(2017:$22,125)(76,895) (69,079)andduetorelatedparties$26,095(2017:$19,053)Non-currentliabilities (36,706) (22,862)Partnership capital1,131,992 1,109,226 Proportion of the Group's ownership 25% 25%Carrying amount of the investment 282,997 277,30676 STAATSOLIE 2018 ANNUAL REPORT"