b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Expenses,includingitsshareofanyexpenses Acquisition-relatedcostsareexpensedasincurredincurredjointly. andincludedinadministrativeexpenses.(ii) Joint venturesTheGroupdeterminesthatithasacquiredaTheGrouphasa25%participationinthe businesswhentheacquiredsetofactivitiesandSurinameGoldProjectCV(SurGold)Limited assetsincludeaninputandasubstantiveprocesspartnership,whereastheGrouphasjointcontrol thattogethersignificantlycontributetotheabilitytooverthelimitedpartnership.TheGroupinvests create outputs.monthlythroughcashcallstoSurGold.The TheacquiredprocessisconsideredsubstantiveGroupsinvestmentinthelimitedpartnershipis ifitiscriticaltotheabilitytocontinueproducingconsideredajointventureandisaccountedfor outputs,andtheinputsacquiredincludeanusingtheequitymethod. organizedworkforcewiththenecessaryskills,Undertheequitymethod,theinvestmentinthe knowledge,orexperiencetoperformthatprocessjointventureisinitiallyrecognizedatcost.The oritsignificantlycontributestotheabilitytocarryingamountoftheinvestmentisadjusted continue producing outputs and is considered torecognizechangesintheGroupsshareof uniqueorscarceorcannotbereplacedwithoutnet assets of the limited partnership since thesignificantcost,effort,ordelayintheabilitytoacquisitiondate. continue producing outputs.ThestatementofprofitorlossreflectstheGroups WhentheGroupacquiresabusiness,itassessesshare of the results of operations of the limitedthefinancialassetsandliabilitiesassumedforpartnership.AnychangeinOCIoftheinvesteeis appropriateclassificationanddesignationinpresentedaspartoftheGroupsOCI.Inaddition, accordancewiththecontractualterms,economicwhentherehasbeenachangerecognized circumstances,andpertinentconditionsasatthedirectlyintheequityofthelimitedpartnership,the acquisitiondate.ThisincludestheseparationofGrouprecognizesitsshareofanychanges,when embeddedderivativesinhostcontractsbytheapplicable,inthestatementofchangesinequity. acquiree.TheaggregateoftheGroupsshareofprofitor Anycontingentconsiderationtobetransferredloss of the limited partnership is shown on the facebytheacquirerisrecognizedatfairvalueattheofthestatementofprofitorlossoutsideoperating acquisitiondate.profitandincludedincompaniesprofitorloss Contingentconsiderationclassifiedasequityisbeforetax.Thefinancialstatementsofthelimited notremeasuredanditssubsequentsettlementpartnership are prepared for the same reportingisaccountedforwithinequity.Contingentperiod as the Group.considerationclassifiedasanassetorliabilitythatAfterapplicationoftheequitymethod,theGroup isafinancialinstrumentandwithinthescopeofdetermineswhetheritisnecessarytorecognize IFRS9FinancialInstruments,ismeasuredatfairanimpairmentloss,ifany,onitsinvestmentin valuewiththechangesinfairvaluerecognizedinthelimitedpartnership.TheGroupdeterminesat thestatementofprofitorlossinaccordancewitheachreportingdatewhetherthereisanyobjective IFRS9.Othercontingentconsiderationthatisevidencethattheinvestmentinthelimited notwithinthescopeofIFRS9ismeasuredatfairpartnershipisimpaired.Ifthisisthecase,the valueateachreportingdatewithchangesinfairGroup calculates the amount of impairment as thevaluerecognizedinprofitorloss.differencebetweentherecoverableamountofthejointventureanditscarryingvalueandrecognizesthelossasShareofprofitoftheparticipationinaJVinthestatementofprofitorloss.c. Business combinationsBusinesscombinationsareaccountedforusingtheacquisitionmethod.Thecostofanacquisitionis measured as the aggregate of the consideration transferred,whichismeasuredatacquisitiondatefairvalue,andtheamountofanynon-controllinginterestsintheacquiree.Foreachbusinesscombination,theGroupelectswhethertomeasurethenon-controllinginterestsintheacquireeatfairvalueorattheproportionateshareoftheacquireesidentifiablenetassets.77'