b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Non-current assets for this purpose consist ofotherintangibleassets.OnlyVentrin,thesubsidiaryoilexplorationandproducingproperties,refining domiciledinTrinidadandTobago,hasnon-currentproperties,otherproperty,plantandequipment, operatingassetsoutsideofSuriname.In2021investmentproperties,right-of-useassetsand Ventrinisclassifiedasheldforsale.Components of Revenue (X US$ 1,000) 2021 Restated 2020Ownrefinedproducts(gross) 445,163 311,103Intersegment sales(118,323) (81,503)Localrefinedproducts(net) 326,840 229,600Tradingactivities(gross) 136,638 109,551Intersegment sales(15,996) (19,427)Tradingactivities(net) 120,642 90,124Electricenergy(Thermal)(gross) 48,830 50,408Intersegment sales(4,630) (3,921)Electricenergy(Thermal)(net) 44,200 46,487Electricenergy(Hydro)(net) 19,940 16,517Gold(net) 45,650 44,568Otherrevenues(net) 583 640Total revenues 557,855 427,936 Revenuesconsistofthesalesandtradeactivities Goldrevenueisbeingrecognizedwhentheofpetroleumproducts,electricenergyandgold. performanceobligationoftransferringgoldPetroleumproductsaregenerallybeingsoldat inventorytothecustomerissatisfied,whichprevailingmarketprices.Revenuesarerecognized generallyoccursupontransferofgoldbullionwhenproductsaredelivered,whichoccurswhen creditstothecustomer,asthisisthepointatthecustomerhastakentitleandhasassumedthe whichthecustomerobtainstheabilitytodirecttherisksandrewardsofownership,pricesarefixed useandobtainsubstantiallyalloftheremainingordeterminableandcollectabilityisreasonably benefitsofownershipoftheasset.assured. Salesbetweengroupcompanies(intersegmentsales)arebasedonpricesgenerallyequivalenttocommerciallyavailableprices.105'