b'3STAATSOLIE MAATSCHAPPIJ SURINAME N.V.Independent Auditors ReportREPORT ON THE AUDIT OF THEin accordance with the IESBA Code. We believe CONSOLIDATED FINANCIAL STATEMENTS that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. OPINIONKEY AUDIT MATTERSWe have audited the consolidated financial statements of Staatsolie Maatschappij SurinameKey audit matters are those matters that, N.V. and its subsidiaries (the Group), whichin our professional judgment, were of most comprise the consolidated statement of financialsignificance in the audit of the consolidated position as at 31 December 2021 and thefinancial statements of 2021. These matters consolidated statement of profit or loss, thewere addressed in the context of the audit of the consolidated statement of other comprehensiveconsolidated financial statements as a whole, income, consolidated statement of changesand in forming the auditors opinion thereon, and in equity and consolidated statement of cashwe do not provide a separate opinion on these flows for the year then ended, and notes to thematters. For each matter below, our description consolidated financial statements, including aof how our audit addressed the matter is summary of significant accounting policies. provided in that context. In our opinion, the accompanying consolidatedWe have fulfilled the responsibilities described financial statements present fairly, in all materialin the Auditors responsibilities for the audit of respects, the financial position of the Groupthe consolidated financial statements section of as at 31 December 2021 and its financialour report, including in relation to these matters. performance and its cash flows for the year thenAccordingly, our audit included the performance ended in accordance with International Financialof procedures designed to respond to our Reporting Standards (IFRS). assessment of the risks of material misstatement of the consolidated financial statements. The BASIS FOR OPINION results of our audit procedures, including the We conducted our audit in accordance withprocedures performed to address the matter International Standards on Auditing (ISAs). Ourbelow, provide the basis for our audit opinion responsibilities under those standards are furtheron the accompanying consolidated financial described in the Auditors Responsibilities for thestatements.Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the International Ethics Standards Board of Accounts (IESBA) International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities 58 STAATSOLIE 2021 ANNUAL REPORT'