b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)SECTION 3. ThesefunctionshavebeendefinedastheRESULTS FOR THE YEAR operatingsegmentsoftheGroupbecausetheyarethesegments:Thissectionprovidesadditionalinformation 1.ThatengageinbusinessactivitiesfromwhichthatismostrelevantinexplainingtheGroups revenuesareearnedandexpensesareincurred.consolidated performance during the year.2.W hoseoperatingresultsareregularlyreviewedSegmentinformation(Section3.1) bytheboardofexecutivedirectorstomakeInformationaboutkeyitemscomprisingoperating decisionsaboutresourcestobeallocatedtotheprofit/loss(Section3.2) segment and assess its performance.Incometax(Section3.3) 3.Forwhichdiscretefinancialinformationisavailable.Earningspershare(Section3.4) ThecorporatesegmentarethefunctionalDividendspaidandproposed(Section3.5) departments of the Group that consists ofPetroleumContracts,offshoredirectorate,andallothercorporateadministrativefunctions.Theboardofexecutivedirectors(whichcollectively3.1 SEGMENT INFORMATION isconsideredtobetheChiefOperatingDecisionFormanagementpurposes,Staatsolieis Maker)monitorstheoperatingresultsofitsorganizedintoreportablesegmentsthatinclude businessunitsseparatelyforthepurposeofthree operating segments and a corporatemakingdecisionsaboutresourceallocationandsegment.performance assessment. Segment performance isevaluatedbasedonoperatingprofitorlossandThethreeoperatingsegmentsare: ismeasuredconsistentlywithoperatingprofitorlossintheconsolidatedfinancialstatements.Upstreamonshore:thissegmentisresponsibleforexploring,developing,producing,andtransportingcrudeoiltotherefinery.Downstream:thissegmentisresponsibleforrefiningthecrudeoil,marketing,selling,anddistributingtherelatedoilproducts.Furthermore,trading which is related to trading fuel products andsellingtheseproductstowholesale,retail,andbunkeringcustomers.Lastly,partofthissegmentisalsothe96-megawattthermalpowerplantoperationandaHydrodamfacility,whichdeliverstheelectricpowertothesinglesourcecustomer,the national electricity company N.V. EBS. GoldMining:(1)ThePikinSaramaccaUJV:concernsaparticipatinginterestof30%inanunincorporatedjointoperationbetweenRosebelGoldMinesN.V.(IAMGold)andStaatsolieand(2)TheSurgoldProject:TheGrouphasa25%investmentinajointventurethatisinvolvedintheexploration,developmentandexploitationoftheMerianGoldminewhichisregularlyreviewedbytheChiefOperatingDecisionMaker(CODM).101'