b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)AreconciliationbetweentaxexpenseandtheaccountingprofitmultipliedbyStaatsoliesdomestictaxrateisasfollows.(X US$ 1,000) 2019 2018Accountingprofitbeforeincometax 180,499 148,704Atapplicabletaxrateof32.4%forStaatsolieandbetween(60,428) (48,397)30%and36%forthesubsidiariesTax expense at the effective income tax rate reported in the(60,428)(48,397)consolidated statement of profit or loss Effectivetaxrate 33.5% 32.5%Consolidated statement of other comprehensive income(X US$ 1,000) 2019 2018Deferred tax related to items recognized in other comprehensive income during the year:Netgainonunrealizedgainsfromequityinstruments 12 64Netgainonremeasurementgainsondefinedbenefitplans 12,418 (3,569)Tax income/(expense) recognized in other comprehensive 12,430(3,505)income (net)Reconciliation of deferred tax asset / (liability)(X US$ 1,000) 2019 2018Opening balance as of January 1 711 7,315Taxincome/(expense)duringtheperiodrecognizedinprofitorloss (2,797) 1,898Adjustmentthroughretainedearnings* - (4,997)Taxincome/(expense)duringtheperiodrecognizedinother12,430 (3,505)comprehensiveincomeClosing balance as at December 31 10,344 711*2018 restated figures described in Section 2.5 Restatements75'