b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)Thecategoriesconcerningfinancialassetsatfair FinancialassetsatfairvaluethroughprofitorlossvaluethroughOCIandfinancialassetsdesignated arecarriedinthestatementoffinancialpositionatat fair value through OCI are not applicable for thefairvaluewithnetchangesinfairvaluerecognizedGroup.inthestatementofprofitorloss.Financial assets at amortized cost (debtFinancial assets designated at fair value through instruments)OCI (equity instruments)ThiscategoryisthemostrelevanttotheGroup. Uponinitialrecognition,theGroupcanelectTheGroupmeasuresfinancialassetsatamortized toclassifyirrevocablyitsequityinstrumentsascostifbothofthefollowingconditionsaremet: investmentasequityinstrumentsdesignatedatfairThefinancialassetisheldwithinabusiness valuethroughOCIwhentheymeetthedefinitionmodelwiththeobjectivetoholdfinancialassets ofequityunderIAS32FinancialInstruments:inordertocollectcontractualcashflows; Presentationandarenotheldfortrading.TheclassificationisdeterminedonaninstrumentbyAnd instrument basis.Thecontractualtermsofthefinancialassetgive Gainsandlossesonthesefinancialassetsriseonspecifieddatestocashflowsthatare areneverrecycledtoprofitorloss.Dividendssolely payments of principal and interest on therecognizedasotherincomeintheconsolidatedprincipal amount outstanding. statementofprofitorlosswhentherightofpaymenthasbeenestablished,exceptwhentheFinancialassetsatamortizedcostare Groupbenefitsfromtheproceedsasarecoverysubsequentlymeasuredusingtheeffectiveinterest ofpartofthecostofthefinancialasset,inwhich(EIR)methodandaresubjecttoimpairment.Gains casesuchgainsarerecordedinOCI.Equityandlossesarerecognizedinprofitorlosswhen instruments designated at fair value through OCI theassetisderecognized,modifiedorimpaired. arenotsubjecttoimpairmentassessment.TheGroupsfinancialassetsatamortizedcost TheGroupelectedtoclassifyirrecoverablyitsincludetradereceivables,cashandshort-term investmentinlocallylistedequitysecuritiesunderdeposits including restricted cash and loanthis category. receivables from the Government of Suriname. DerecognitionFinancialassetsatfairvaluethroughprofitorlossAfinancialasset(or,whereapplicable,apartofaFinancialassetsatfairvaluethroughprofitor financialassetorpartofagroupofsimilarfinanciallossincludefinancialassetsheldfortrading, assets)isprimarilyderecognized(i.e.,removedfinancialassetsdesignateduponinitialrecognition fromtheGroupsconsolidatedstatementofatfairvaluethroughprofitorloss,orfinancial financialposition)when:assetsmandatorilyrequiredtobemeasured Therightstoreceivecashflowsfromtheassetatfairvalue.Financialassetsareclassified have expired;asheldfortradingiftheyareacquiredforthepurpose of selling or repurchasing in the near Or term.Derivatives,includingseparatedembeddedderivatives,arealsoclassifiedasheldfortrading TheGrouphastransferreditsrightstoreceiveunless they are designated as effective hedgingcashflowsfromtheassetorhasassumedaninstruments.Financialassetswithcashflows obligationtopaythereceivedcashflowsinfullthat are not solely payments of principal andwithout material delay to a third party under a interestareclassifiedandmeasuredatfair pass-througharrangement;andeither(a)thevaluethroughprofitorloss,irrespectiveofthe Group has transferred substantially all the risks business model. Notwithstanding the criteria forandrewardsoftheasset,or(b)theGrouphasdebtinstrumentstobeclassifiedatamortized neither transferred nor retained substantially costoratfairvaluethroughOCI,asdescribed alltherisksandrewardsoftheasset,buthasabove,debtinstrumentsmaybedesignatedatfair transferred control of the asset.valuethroughprofitorlossoninitialrecognitionifdoingsoeliminates,orsignificantlyreduces,an WhentheGrouphastransferreditsrightstoaccounting mismatch.receivecashflowsfromanassetorhasenteredintoapass-througharrangement,itevaluatesif,andtowhatextent,ithasretainedtherisks45'