b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)SECTION 1. Itsvaluesare:CORPORATE AND GROUP INFORMATION 1.H SECFocused:Weputhealthandsafetyfirst,striveforzeroharmtoourpeopleandthe1.1 CORPORATE INFORMATION communitiesaroundus,andminimizenegativeimpacts upon the environment.Theconsolidatedfinancialstatementsofthe 2.Integrity:WearehonestanddowhatwesayweGroup,whichcompriseStaatsolieMaatschappij will do.SurinameNV(Staatsolie,astheparent)andallitssubsidiaries,fortheyearendedDecember31, 3.PeopleFocused:Wecreateasupportiveand2018,wereauthorizedforissueinaccordance collaborativeenvironment,respecteachother,with a resolution of the Supervisory Board on areopentoothersideasandfacilitatepersonalJuly23,2019. and professional growth.Staatsolie is a limited liability company4.E xcellence:Wesethighstandardsforquality,incorporated and domiciled in Suriname whosestrive to exceed expectations and do our work shares are solely owned by the Government ofwith a sense of urgency.Suriname(GoS).TheregisteredofficeislocatedatDr.Ir.H.S.Adhinstraat21,Paramaribo,Suriname 5.A ccountability:WeacceptresponsibilityforourStaatsolie (the Company) is an integrated oiljobandactions,arecooperative,andcreateacompany in the Republic of Suriname of whichnon-blamingenvironment.theintegratedactivitiesincludeexploration,production,refining,marketinganddistributionofpetroleum and retail products.1.2 GROUP INFORMATION Throughitssubsidiary(SPCS),Staatsolieis Staatsolie has four (4) subsidiaries of which three engaged in thermal electric power generation.(3)arewhollyowned:ParadiseOilCompanyN.V.(POC) and GOw2 Energy Suriname N.V. (GOw2) TheGroupsparentandotherrelatedparty incorporated in the Republic of Suriname and relationshipsispresentedinsection7-Group VentrinPetroleumCompanyLimited(Ventrin),ainformation and related party disclosures.bunkering company incorporated in the Republic ofTrinidadandTobago.Staatsoliesvisionis:Staatsolieholds102,999outof103,000sharesLeading the sustainable development ofof the Staatsolie Power Company Suriname N.V. Surinamesenergyindustry. (SPCS),incorporatedintheRepublicofSuriname,Makingastrongcontributiontotheadvancement and the local electricity company N.V. EBS holdsone share.of our society.Becoming a regional player with a global identityPOCis,atthemoment,adormantcompany.Inin the energy sector. June2015,POCsoperationswereputonholdand the company did not have any activity during Staatsoliesmissionis: thereportingperiodof2018.TodevelopSurinameshydrocarbonpotential Furthermore,sinceNovember2014,todate,overthefullvaluechain,togenerateelectricity Staatsolie has a participating interest of 25% in the and to develop renewable sustainable energySurinameGoldProjectCV(Surgold),alimitedresources. partnership created between Newmont Suriname LLC and Staatsolie.TosecuretheenergysupplyofSurinameandto Information on other related party relationships of establish a solid position in the regional market. Staatsolie and its subsidiaries is further provided in Toexpandourreputationbasedonourgrowth section 7.performance,flexibilityandcorporatesocialresponsibility.34 STAATSOLIE 2018 ANNUAL REPORT'