b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Impairment losses of continuing operations areu. Provisions recognizedintheconsolidatedstatementofprofitor loss in those expense categories consistentGeneralwiththefunctionoftheimpairedasset,except ProvisionsarerecognizedwhentheGroupforapropertypreviouslyrevaluedwherethe hasapresentobligation(legalorconstructive)revaluationwastakentoOCI.Inthiscase,the asaresultofapastevent,itisprobablethatimpairmentisalsorecognizedinOCIuptothe anoutflowofresourcesembodyingeconomicamountofanypreviousrevaluation. benefitswillberequiredtosettletheobligationGoodwill is tested for impairment annuallyandareliableestimatecanbemadeoftheasatDecember31andwhencircumstances amountoftheobligation.indicatethatthecarryingvaluemaybeimpaired. TheexpenserelatingtoaprovisionispresentedImpairmentisdeterminedforgoodwillby intheconsolidatedstatementofprofitorlossassessingtherecoverableamountofeach netofanyreimbursement.IftheeffectoftheCGUtowhichthegoodwillrelates.Where timevalueofmoneyismaterial,provisionsaretherecoverableamountoftheCGUisless discounted using a current pre-tax rate that thanitscarryingamount,animpairmentloss reflects,whenappropriate,therisksspecificisrecognized.Impairmentlossesrelatingto totheliability.Whendiscountingisused,thegoodwillcannotbereversedinfutureperiods. increaseintheprovisionduetothepassages. Cash and shortterm depositsoftimeisrecognizedasafinancecostintheconsolidatedstatementofprofitorloss.Cash and short-term deposits in the consolidated statementoffinancialpositioncomprisecashat Warranty provisionsbanksandonhandandshort-termdepositswith TheGrouptypicallyprovideswarrantiesforamaturityofthreemonthsorless,whichare guaranteeofquality,providingthecustomerasubjecttoaninsignificantriskofchangesinvalue. timeframeoffifteen(15)daysafterdeliverytoFor the purpose of the consolidated statementraise a claim in regard to shortages and defect cashflows,cashandcashequivalentsconsistof inquality/quantityofdeliveredgoods.Provisionscashandshort-termdepositsasdefinedabove, related to these assurance-type warranties are netofoutstandingbankoverdraftsastheyare recognizedwhentheproductissold,ortheserviceconsideredanintegralpartoftheGroupscash isprovidedtothecustomer.Initialrecognitionismanagement.basedonhistoricalexperience.TheinitialestimateRestricted Cash ofwarrantyrelatedcostsisrevisedannually.Restrictedcashisrequiredforfinancingpurposes Decommissioning liabilityasthishasbeentherequirementofStaatsolie TheGrouprecognizesadecommissioningliabilitysfinanciers.Therestrictedaccountsarethe whereithasapresentlegalorconstructivecollectionaccounts;DebtPaymentAccount(DPA) obligationasaresultofpastevents,anditisandtheDebtPaymentReserveAccount(DSRA). probablethatanoutflowofresourceswillbeThecollectionaccountisusedforinternational requiredtosettletheobligation,andareliablecollections from all our international customers toestimateoftheamountofobligationcanbemade.deposittheirpayments.TheDPAaccountcontains Theobligationgenerallyariseswhentheassetisthreemonthsworthofdebtserviceandisfunded installed,ortheground/environmentisdisturbedmonthly.Everythreemonthsinterestandprincipal, atthefieldlocation.Whentheliabilityisinitiallyifany,ispaidout. recognized,thepresentvalueoftheestimatedTheDSRAcontainsthreemonthsworthofinterest costsiscapitalizedbyincreasingthecarryingfor the lifetime of the loan. After the necessaryamount of the related oil assets to the extent that fundinghastakenplace,Staatsoliecanobtainthe itwasincurredbythedevelopment/constructionremaining cash for its operations. ofthefield.Anydecommissioningobligationsthatarisethroughtheproductionofinventoryaret.Cash dividendexpensedwhentheinventoryitemisrecognizedTheGrouprecognizesaliabilitytomakecash incostofgoodssold.Additionaldisturbancesdistributionstoownersofequitywhenthe whichariseduetofurtherdevelopment/distributionisauthorized,andthedistribution construction at the oil and gas property are is no longer at the discretion of the Group. Arecognizedasadditionsorchargestothecorrespondingamountisrecognizeddirectlyin corresponding assets and decommissioning equity. liabilitywhentheyoccur.Costsrelatedtorestorationofsitedamage(subsequenttostartofcommercialproduction)thatiscreatedonan89'