b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)IFRS 9 Financial InstrumentsFees in the 10Definition of Accounting Estimatesper cent test for derecognition of financialAmendments to IAS 8liabilitiesInFebruary2021,theIASBissuedamendmentsAspartofits2018-2020annualimprovements toIAS8,inwhichitintroducesadefinitionofto IFRS standards process the IASB issuedaccountingestimates.TheamendmentsclarifyamendmenttoIFRS9.Theamendmentclarifies thedistinctionbetweenchangesinaccountingthe fees that an entity includes when assessingestimates and changes in accounting policies whetherthetermsofanewormodifiedfinancial andthecorrectionoferrors.Also,theyclarifyhowliabilityaresubstantiallydifferentfromtheterms entitiesusemeasurementtechniquesandinputstooftheoriginalfinancialliability.Thesefeesinclude developaccountingestimates.onlythosepaidorreceivedbetweentheborrowerandthelender,includingfeespaidorreceivedby Theamendmentsareeffectiveforannualreportingeithertheborrowerorlenderontheothersbehalf. periodsbeginningonorafter1January2023and apply to changes in accounting policies and Anentityappliestheamendmenttofinancial changes in accounting estimates that occur on or liabilitiesthataremodifiedorexchangedonorafter after the start of that period. Earlier application is thebeginningoftheannualreportingperiodin permitted as long as this fact is disclosed.whichtheentityfirstappliestheamendment.TheamendmentsarenotexpectedtohaveaTheamendmentiseffectiveforannualreporting material impact on the Group.periodsbeginningonorafter1January2022withearlieradoptionpermitted.TheGroupwillapply Disclosure of Accounting Policiestheamendmentstofinancialliabilitiesthatare Amendments to IAS 1 and IFRS Practice modifiedorexchangedonorafterthebeginningof Statement 2theannualreportingperiodinwhichtheentityfirst InFebruary2021,theIASBissuedamendmentsapplies the amendment. toIAS1andIFRSPracticeStatement2MakingTheamendmentsarenotexpectedtohavea MaterialityJudgements,inwhichitprovidesmaterial impact on the Group. guidance and examples to help entities apply materialityjudgementstoaccountingpolicyIAS 41 AgricultureTaxation in fair valuedisclosures.Theamendmentsaimtohelpentitiesmeasurements provideaccountingpolicydisclosuresthataremoreAspartofits2018-2020annualimprovementsAs usefulbyreplacingtherequirementforentitiestopartofits2018-2020annualimprovementstoIFRS disclosetheirsignificantaccountingpolicieswithastandards process the IASB issued amendment torequirementtodisclosetheirmaterialaccountingIAS41Agriculture.Theamendmentremovesthe policies and adding guidance on how entities apply requirementinparagraph22ofIAS41thatentities theconceptofmaterialityinmakingdecisionsexcludecashflowsfortaxationwhenmeasuring aboutaccountingpolicydisclosures.thefairvalueofassetswithinthescopeofIAS41. TheamendmentstoIAS1areapplicableforAnentityappliestheamendmentprospectivelyto annualperiodsbeginningonorafter1Januaryfairvaluemeasurementsonorafterthebeginning 2023withearlierapplicationpermitted.Sincetheofthefirstannualreportingperiodbeginning amendmentstothePracticeStatement2provideonorafter1January2022withearlieradoption non-mandatory guidance on the application permitted. ofthedefinitionofmaterialtoaccountingpolicyinformation,aneffectivedatefortheseTheamendmentsarenotexpectedtohavea amendments is not necessary.material impact on the Group. TheGroupiscurrentlyassessingtheimpactoftheamendmentstodeterminetheimpacttheywillhaveontheGroupsaccountingpolicydisclosures.99'