b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)3.4 EARNINGS PER SHAREBasic earnings per share is calculated by dividingaverage number of ordinary shares outstanding thenetprofitfortheyearattributabletoordinary during the year.shareholders of the Group by the weighted 2020 2019Netprofitattributabletoordinaryshareholders(US$'000) 71,186 120,071Weightedaveragenumberofordinaryshares5,000 5,000(number of shares - million)Basic earnings per ordinary share (US$ per share)14.24 24.01Therehavebeennoothertransactionsinvolving authorizationoftheseconsolidatedfinancialordinary shares or potential ordinary sharesstatements.between the reporting date and the date of 3.5DIVIDENDS PAID AND PROPOSED (X US$ 1,000) 2020 2019Declared and paid during the year:Cash dividends on ordinary shares:Finaldividendfor2018:US$6.87pershare-34,352Interimdividendfor2019:US$2.82pershare-14,100Finaldividendfor2019(Settled):US$9.03pershare 45,136-45,136 48,452 Proposed for approval at the annual general meeting:Note: below dividends have been recognized in the consolidated financial sstatements in line with the dividend policy with theshareholders Dividends on ordinary shares:Finaldividendfor2019:US$12.01pershare-60,036Final(proposed)dividendfor2020:US$7.12pershare35,593- (2019:US$0.0pershare)Finaldividendsonordinarysharesfor2020aresubjecttoapprovalattheannualgeneralshareholdersmeetingandwillberecognizedinthe2021appropriationofretainedearnings.91"