b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)GoldMining:(1)ThePikinSaramaccaUJV:SECTION 3. RESULTS FOR THE YEAR concernsaparticipatinginterestof30%inanunincorporatedjointoperationbetweenRosebelThissectionprovidesadditionalinformation GoldMinesN.V.(IAMGold)andStaatsolieandthatismostrelevantinexplainingtheGroups (2)TheSurgoldProject:TheGrouphasa25%consolidated performance during the year. investmentinajointventurethatisinvolvedintheexploration,developmentandexploitationSegment information (Section 3.1) oftheMerianGoldminewhichisregularlyreviewedbytheChiefOperatingDecisionMaker I nformation about key items comprising operating(CODM).profit/loss(Section3.2) ThesefunctionshavebeendefinedastheIncome tax (Section 3.3) operating segments of the Group because they arethesegments:Earnings per share (Section 3.4) 1.ThatengageinbusinessactivitiesfromwhichDividends paid and proposed (Section 3.5) revenues are earned and expenses are incurred. 2.Whoseoperatingresultsareregularlyreviewedby the board of executive directors to make 3.1 SEGMENT INFORMATION decisions about resources to be allocated to the segment and assess its performance.Formanagementpurposes,Staatsolieis 3.F orwhichdiscretefinancialinformationisorganizedintoreportablesegmentsthatinclude available. three operating segments and a corporate segment.ThecorporatesegmentsarethefunctionalThethreeoperatingsegmentsare: departments of the Group that consists of PetroleumContracts,offshoredirectorate,andallUpstream:thissegmentisresponsiblefor other corporate administrative functions. exploring,developing,producingandtransporting Theboardofexecutivedirectors(whichcollectivelycrudeoiltotherefinery. is considered to be the Chief Operating Decision Downstream:isresponsibleforrefiningthecrude Maker)monitorstheoperatingresultsofitsoil,marketing,selling,anddistributingtherelated business units separately for the purpose of oilproducts.Furthermore,tradingwhichis making decisions about resource allocation and related to trading fuel products and selling theseperformance assessment. Segment performance productstowholesale,retail,andbunkering isevaluatedbasedonoperatingprofitorlossandcustomers.Lastly,partofthissegmentisalsothe ismeasuredconsistentlywithoperatingprofitor96-megawattthermalpowerplantoperationand lossintheconsolidatedfinancialstatements.aHydrodamfacility,whichdeliverstheelectricpowertothesinglesourcecustomer,thenationalelectricity company N.V. EBS. 79'