b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)4.4 CAPITAL INVESTMENTS IN JOINT ARRANGEMENTSCapital investment in joint ventures TheSurinameGoldProjectCVpartnershipisfinancedthroughmonthlycashcalls(operationalSuriname Gold Projectandcapitalcontributions)whichisthemechanismOn14November2014,Staatsolieentered tofundapprovedoperatingcostsandcapitalas a limited partner with an interest of 25%expenditures.EachpartnerisresponsibleforintothepartnershipSurinameGoldProject fundingthepartnershipforitsportionbasedonitsCV.NewmontSurinameLLC,asubsidiaryof participating interest. NewmontMiningCorporation,isthemanaging Monthlythepartnershipallocatesrevenuespartner with a 75% interest in this partnership.whichtotalsthecompensationreceivedbyNewmontSurinameLLCisalimitedliability the partnership in exchange for selling the company formed pursuant to the laws of the StatepartnershipsgoldproductionattributabletoeachofDelaware,UnitedStatesofAmerica. partnerinproportiontoitsrespectiveparticipatingTheSurinameGoldProjectCVencompasses interest.Staatsoliesmaximumexposuretolosstheexploration,development,andexploitationof fromitsinterestintheSurinameGoldProjectCVthegoldmineMerian,andtheAreaofInterest partnershipequalstheannualcapitalcontributions.asdefinedintheLimitedPartnershipAgreement, TheGroupsinterestintheSurinameGoldwhich is a gold deposit located in the easternProjectCVisaccountedforintheconsolidatedpart of Suriname close to the French Guianafinancialstatementsusingtheequitymethod.border.SurinameGoldProjectCVcommenced Thesummarizedfinancialinformationofthejointcommercialgoldproductionin2016. venture(JV)andreconciliationwiththecarryingamountoftheinvestmentandshareintheprofitoftheJVintheconsolidatedfinancialstatementsaresetoutbelow:(X US$ 1,000) 2021 2020Summarized statement of financial position of Suriname Gold Project CV:Currentassets,includingcashandcashequivalents$77,998187,994 226,508(2020:$62,771)andinventories$111,304(2020:$89,552)Non-current assets 943,244 971,563Currentliabilities,includingaccountspayable$38,314(2020:$13,895) (66,649) (81,742)andduetorelatedparties$44,586(2020:$38,772)Non-currentliabilities (96,792) (72,820)Partnership capital967,797 1,043,509 Proportion of the Group's ownership 25% 25%Carrying amount of the investment241,949 260,877 (X US$ 1,000) 2021 2020Summarised statement of profit or loss of Suriname GoldProject CV:Revenue 779,551 821,781Cost of Sales (310,169) (343,302)Administrativeexpenses,includingdepreciation$118,972(138,735) (123,928)(2020:$117,813)OtherIncome(expense) (3,198) 159ManagementFee (10,097) (13,068)Profit before tax317,352 341,642 Group's share of the profit for the year79,338 85,410 122 STAATSOLIE 2021 ANNUAL REPORT"