b'Independent Auditors ReportTO THE SHAREHOLDERS OF STAATSOLIE MAATSCHAPPIJ SURINAME N.V.Report on the Audit o KEY AUDIT MATTERSREPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS Key audit matters are those matters that, in our professional judgment, were of most significanceintheauditoftheconsolidatedOPINION financialstatementsof2020.ThesemattersWehaveauditedtheconsolidatedfinancial were addressed in the context of the audit of the statements of Staatsolie Maatschappijconsolidatedfinancialstatementsasawhole,Suriname N.V. (the Group), which compriseand in forming the auditors opinion thereon, and theconsolidatedstatementoffinancialposition we do not provide a separate opinion on these as at 31 December 2020 and the consolidatedmatters. For each matter below, our descriptionstatementofprofitorloss,theconsolidated of how our audit addressed the matter isstatement of other comprehensive income,provided in that context.consolidated statement of changes in equityWehavefulfilledtheresponsibilitiesdescribed andconsolidatedstatementofcashflowsforthe in the Auditors responsibilities for the audit ofyear then ended, and notes to the consolidatedtheconsolidatedfinancialstatementssection financialstatements,includingasummaryof of our report, including in relation to these significantaccountingpolicies. matters. Accordingly, our audit included the In our opinion, the accompanying consolidatedperformance of procedures designed to respond financialstatementspresentfairly,inallmaterial to our assessment of the risks of material respects,thefinancialpositionoftheGroupasat misstatementoftheconsolidatedfinancial31December2020anditsfinancialperformance statements. The results of our audit procedures, anditscashflowsfortheyearthenendedin including the procedures performed to address accordance with International Financial Reportingthe matters below, provide the basis for ourStandards (IFRSs). audit opinion on the accompanyingconsolidatedfinancialstatements.BASIS FOR OPINIONWe conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the International Ethics Standards Board of Accountants (IESBA) International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), and wehavefulfilledourotherethicalresponsibilitiesin accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficientandappropriatetoprovideabasisforour opinion.42 STAATSOLIE 2020 ANNUAL REPORT'