b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)(X US$ 1,000) 2018 2017Summarised statement of profit or loss of Suriname Gold Project CV:Revenue 676,884 643,136Cost of Sales (275,025) (237,710)Administrativeexpenses,includingdepreciation$105,815(2017: (126,539) (136,224)$110,175)Other Income (expense) 2,663(373)ManagementFee (12,911) (13,929)Profit before tax265,072 254,900 Group's share of the profit for the year66,268 63,725 TheGrouphadnocontingentliabilitiesorcapital WiththecompletionoftherefinancinginMay2018,commitments relating to its interest in the SurinameStaatsolie settled its liability with the Government of GoldProjectCVasatDecember31,2018(2017: SurinameofUS$63,087,effectivelyextinguishingNIL).Thejointventurehadnocontingentliabilities theGovernmentofSurinamesbeneficialorcapitalcommitmentsasatDecember31,2018 ownershipof4.8%shareoftheSurinameGold(2017:NIL)thatmaybeconsideredtohavea ProjectCV.materialadverseeffectonitsfinancialpositionorresult of operations. TheabovesummarizedfinancialinformationofSurinameGoldProjectC.V.asatDecember31,2018and2017wasbasedonauditedfigures.77"