b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)As the economic assumptions used may changeAssumptionsaboutthegenerationoffutureandasadditionalgeologicalinformationisobtained taxableprofitsdependonmanagementsduringtheoperationofafield,estimatesof estimatesoffuturecashflows.Theseestimatesrecoverablereservesmaychange.Suchchanges offuturetaxableincomearebasedonforecastmayimpacttheGroupsreportedfinancialposition cashflowsfromoperations(whichareimpactedandresults,whichinclude: byproductionandsalesvolumes,commodityprices,reserves,operatingcosts,closureandThecarryingvalueofexplorationandevaluation rehabilitationcosts,capitalexpenditure,dividends,assets;oilproperties;property,plantand andothercapitalmanagementtransactions).equipment;andgoodwillmaybeaffecteddueto Totheextentthatfuturecashflowsandtaxablechangesinestimatedfuturecashflows. incomediffersignificantlyfromestimates,theDepreciationandamortizationchargesinthe abilityoftheGrouptorealizethenetdeferredtax assetsrecordedatthereportingdatecouldbeconsolidatedstatementofprofitorlossmay impacted.Inaddition,futurechangesintaxlawschange where such charges are determinedinthejurisdictionsinwhichtheGroupoperatesusingtheUOPmethod,orwheretheusefullifeof couldlimittheabilityoftheGrouptoobtaintaxtherelatedassetschange(Section4.1). deductions in future periods. Provisionsfordecommissioningmayrequire Oil propertiesrevision-wherechangestoreservesestimatesaffectexpectationsaboutwhensuchactivitieswill TheapplicationoftheGroupsaccountingpolicyoccurandtheassociatedcostoftheseactivities forexplorationandevaluationexpenditurerequires(Section4.9). judgmenttodeterminewhetherfutureeconomicTherecognitionandcarryingvalueofdeferred benefitsarelikelyfromeitherfutureexploitationtax assets may change due to changes in theorsale,orwhetheractivitieshavenotreachedajudgmentsregardingtheexistenceofsuchassets stagewhichpermitsareasonableassessmentofandinestimatesofthelikelyrecoveryofsuch theexistenceofreserves.Thedeterminationofassets(Section3.3). reservesandresourcesisanestimationprocessthatinvolvesvaryingdegreesofuncertaintyDeferred tax dependingonhowtheresourcesareclassified.TheseestimatesdirectlyimpactwhentheGroupJudgmentisrequiredtodeterminewhich defersexplorationandevaluationexpenditure.arrangements are a tax on income as opposedThedeferralpolicyrequiresmanagementtotoanoperatingcost.Judgmentisalsorequired makecertainestimatesandassumptionsaboutto determine whether deferred tax assets arefutureeventsandcircumstanceswhetheranrecognizedintheconsolidatedstatementof economicallyviableextractionoperationcanbefinancialposition.Deferredtaxassets,including established.Anysuchestimatesandassumptionsthosearisingfromunutilizedtaxlosses,require maychangeasnewinformationbecomestheGrouptoassessthelikelihoodthattheGroup available.If,afterexpenditureiscapitalized,willgeneratesufficienttaxableearningsinfuture informationbecomesavailablesuggestingthattheperiods,toutilizerecognizeddeferredtaxassets. recoveryoftheexpenditureisunlikely,therelevantJudgmentisalsorequiredinrespectofthe capitalizedamountiswrittenoffintheconsolidatedapplicationofexistingtaxlawsineachjurisdiction. statementofprofitorlossintheperiodwhenthenewinformationbecomesavailable.95'