b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)SECTION 3. ThesefunctionshavebeendefinedastheRESULTS FOR THE YEAR operating segments of the Group because they arethesegments:Thissectionprovidesadditionalinformation 1.T hatengageinbusinessactivitiesfromwhichthatismostrelevantinexplainingtheGroups revenues are earned and expenses are incurred. consolidated performance during the year.2.WhoseoperatingresultsareregularlyreviewedSegment information (Note 3.1) by the board of executive directors to makeI nformation about key items comprising operatingdecisions about resources to be allocated to the profit/loss(Note3.2) segment and assess its performance.Thecalculationofincometax(Note3.3) 3.F orwhichdiscretefinancialinformationisavailable. Earnings per share (Note 3.4) ThecorporatesegmentarethefunctionalDividends paid and proposed (Note 3.5) departments of the Group that consists of Petroleum Contracts and all other corporate administrative functions. Theboardofexecutivedirectors(whichcollectively3.1 SEGMENT INFORMATION is considered to be the Chief Operating Decision Formanagementpurposes,Staatsolieis Maker)monitorstheoperatingresultsofitsorganizedintoreportablesegmentsthatinclude business units separately for the purpose of three operating segments and a corporatemaking decisions about resource allocation and segment.performance assessment. Segment performance isevaluatedbasedonoperatingprofitorlossandThethreeoperatingsegmentsare: ismeasuredconsistentlywithoperatingprofitorlossintheconsolidatedfinancialstatements.Upstream:thissegmentisresponsibleforexploring,developing,producingandtransportingcrudeoiltotherefinery.Downstream:isresponsibleforrefiningthecrudeoil,marketing,selling,anddistributingtherelatedoilproducts.Furthermore,tradingwhichis related to trading fuel products and selling theseproductstowholesale,retailandbunkeringcustomers.Lastly,partofthissegmentisalsothe96megawattthermalpowerplantoperation,which delivers the electric power to the single sourcecustomer,thenationalelectricitycompanyEBS. GoldMining:theGrouphasaninvestmentinajointventurethatisinvolvedintheexploration,developmentandexploitationoftheMerianGold mine which regularly reviewed by the Chief OperatingDecisionMaker(CODM).57'