b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Adjustments and eliminations Explanation of non-IFRS measures F inanceincomeandcosts,andfairvaluegains TheGroupdisclosesonefinancialmeasure,andlossesonfinancialassetsareallocatedto namelyearningsbeforeinterest,taxes,individual segments. depreciationandamortization(EBITDA),thatisnotprepared in accordance with IFRS and is thereforeCapital expenditure consists of additions of consideredanon-IFRSfinancialmeasure.Theproperty,plantandequipmentandintangible GroupcalculatedEBITDAbytakingthenetincomeassetsincludingassetsfromtheacquisitionof andaddingbackinterest,taxes,depreciation,andsubsidiaries. amortization.AsEBITDAisusedbymanagementInter-segment revenues are eliminated onasakeyperformanceindicator,theGroupbelievesconsolidation. that it is useful to be presented to the readers of the consolidatedfinancialstatements.Geographic informationRevenues from external customers(X US$ 1,000) 2020 2019Suriname 232,384 302,868Guyana 59,125 85,287OtherCaribbeanTerritories 59,314 75,574TrinidadandTobago 4,835 16,480Europe 2,240 1,989MiddleEastandAsia 1,130 2,648United States 28,348 14,502NorthAmericanTerritories 92 283East Asia32495OtherSouthAmericanTerritories 74- Other* 44,569- Total revenue per consolidated statement of profit or loss432,435 499,726 * Gold revenue Pikin Saramacca U.J.Vis sold to various brokersTherevenueinformationaboveisbasedonthe consolidated revenue and accounted for location of the customers.approximately48%(2019:40%)oftheGroupsreportedrevenues.ThesetransactionsarosefromIn2020,revenuefromthree(3)(2019:three sales in the downstream segment.(3))majorcustomersexceeded10%ofGroupNon-current operating assets(X US$ 1,000) 2020 2019Suriname 1,780,774 1,809,374TrinidadandTobago 2,618 2,870Total 1,783,3921,812,244 82 STAATSOLIE 2020 ANNUAL REPORT'