b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)3.3 INCOME TAXThemajorcomponentsofincometaxareasfollows:Consolidated statement of profit or loss(X US$ 1,000) 2020 2019Current income tax:Current tax expense (28,516) (57,631)Deferred tax:Income relating to origination and reversal of temporary differences 1,698 (2,797)Income tax expense reported in the consolidated statement of(26,818)(60,428)profit or loss (net)AreconciliationbetweentaxexpenseandtheaccountingprofitmultipliedbyStaatsoliesdomestictaxrateisas follows.(X US$ 1,000) 2020 2019Accountingprofitbeforeincometax 98,004 180,499Taxatstatutoryrate (28,457) (64,980)Reinvestment reserve 2,527 5,421Ventrin investment (237) (867)3.6%ontemporarydifferences (768)- Other movements 117- Total tax charge(26,818)(60,426)Effective tax rate 27.4% 33.5%Consolidated statement of other comprehensive income(X US$ 1,000) 2020 2019Deferred tax related to items recognized in other comprehensive income during the year:Netgainonunrealizedgainsfromequityinstruments 542 12Netgainonremeasurementgainsondefinedbenefitplans (748) 12,418Tax income/(expense) recognized in other comprehensive (206) 12,430income (net)89'