b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)4.2REFINING PROPERTIES (X US$ 1,000) Land & Lease hold Building and Machine & Abandonment Pipelines Other Fixed Projects in Progress Grand Total Improvement Structure Equipment Costs AssetsCostAt January 1, 20179,774 1,106,249 12,590 4,829 33,249 2,577 1,297 1,170,565 Additions - - - - -3716,720 16,757Adjustments* - (9,112) - 2,776 - - - (6,336)CapitalizedfromPIPtoPPEandExpensedcurrentYear - 14,769155- - - (14,933) (9)Disposals/Disinvestmentcurrentyear - - - - - - - -ExpensedtoP&L - - - - - - (1,949) (1,949)At December 31, 20179,774 1,111,906 12,745 7,605 33,249 2,614 1,135 1,179,028 Additions- - 29 59 3,984 4,072Adjustments* - - - (3,302) - - - (3,302)CapitalizedfromPIPtoPPEandExpensedcurrentYear - - 100 - - - (100) -Disposals/Disinvestment current year - (1,903)(54) - - - (1,957)ExpensedtoP&L - - - - - - - -At December 31, 20189,774 1,110,003 12,820 4,303 33,249 2,673 5,019 1,177,841 DepreciationAt January 1, 2017(1,666)(146,711)(9,255)(342)(5,763)(2,515)- (166,252)Depreciation current year - (45,131) (915) (187) (1,240)(51) - (47,524)Adjustments - 878 - - - - - 878Depreciation on disinvestment current year - - - - - - - -At December 31, 2017(1,666)(190,964)(10,170)(529)(7,003)(2,566)- (212,898)Depreciation current year - (42,008) (1,180) (308) (1,240)(43) - (44,779)Adjustments - - -345- - -345 Depreciation on disinvestment current year - 1,90345- - - - 1,948At December 31, 2018(1,666)(231,069)(11,305)(492)(8,243)(2,609)- (255,384)Netbookvalue:At December 31, 20178,108 920,942 2,575 7,076 26,246 48 1,135 966,130 At December 31, 20188,108 878,934 1,515 3,811 25,006 64 5,019 922,457 *Adjustmentstoabandonmentcostrelatestochangesinthedecommissioningprovision72 STAATSOLIE 2018 ANNUAL REPORT'