b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.Consolidated Statement of Profit or LossFOR THE YEAR ENDED DECEMBER 31, 2020(X US$ 1,000) Notes 2020 2019Revenue3.1 432,435 499,726Cost of sales(283,151) (276,865)Gross profit149,284 222,861 Other income (net) 3.2 14,2675,112Expensed projects 3.2(10,113) (2,085)Impairment of other non-current assets 4.11(16,787) -Offshore expenses 3.2(151) -Exploration expenses 3.2-(4,658)Selling and distribution expenses 3.2(18,936) (15,036)Other operating expenses 3.2 (2,841)(3,113)General and administrative expenses 3.2 (45,422)(33,618)Operating profit69,301 169,463 Finance income 3.22,763 595 Finance costs 3.2 (59,471)(63,990)ShareofprofitofSurinameGoldProjectCV 4.4 85,411 74,431Profit before income tax98,004 180,499 Income tax expense 3.3(26,818)(60,428)Profit for the year71,186 120,071 Attributableto:Equity holders of the parent71,186 120,07171,186 120,071 Basic and diluted earnings per ordinary share 3.4 14.24 24.01(US$ per share)46 STAATSOLIE 2020 ANNUAL REPORT'