Staatsolie Annual Report 2017

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Confidence in Our Own Abilities 38 Staatsolie Maatschappij Suriname N.V. Consolidated statement of financial position as at December 31, 2017 and 2016 (x Us$ 1,000) Notes 2017 2016 As at January 1, 2016 Assets Non-current assets Oil, exploration and producing properties 4.1 512,520 444,335 482,760 Refining properties 4.2 966,130 1,004,313 1,056,292 Other property, plant and equipment 4.3 142,301 149,227 186,656 Goodwill 4.5 5,447 5,447 5,447 Other intangible assets 4.5 6,024 8,841 11,658 Investments in Joint Ventures 4.4 277,306 285,306 217,385 Loan receivable long term 5.3 11,007 14,677 - Restricted cash 6.1 16,851 11,850 14,412 Deferred tax asset 3.3 7,315 16,497 - Total non-current assets 1,944,901 1,940,493 1,974,610 Current assets Inventories 6.3 62,224 65,869 72,389 Trade receivables 6.2 107,248 101,878 118,319 Prepayment and other current assets 6.2 27,175 44,472 43,304 Loan receivable short- term 5.3 8,368 9,173 805 Short-term investments 5.3 3,838 3,797 6,910 Resticted cash 6.1 10,611 7,370 6,444 Cash and short-term deposits 6.1 46,521 17,371 30,632 Total current assets 265,985 249,930 278,803 Total Assets 2,210,886 2,190,423 2,253,413 Equity and liabilities Equity Common Stock 5.1 12,104 12,104 12,104 Retained earnings 1,145,993 1,077,277 1,118,088 Other capital reserves 5.1 11,566 11,116 11,360 Total equity 1,169,663 1,100,497 1,141,552 Non-current liabilities Bond 5.3 98,668 98,475 98,281 Term loans 5.3 500,840 591,646 623,191 Provisions 4.7 93,054 48,287 79,120 Employee defined benefit liabilities 4.8 42,752 65,069 53,715 Defered tax liabilities 3.3 - - 6,928 Other long term liabilities 3,862 1,462 6,365 Total non-current liabilities 739,176 804,939 867,600 Current liabilities Bank overdraft 6.1 3,713 3.713 2,560 Trade payables 6.4 90,570 96,618 110,350 Provisions (short-term) 4.7 - 1,600 - Accruals and other liabilities 6.4 97,525 93,280 62,277 Income tax payable 4,878 20,745 4,273 Short-term portion of loans 5.3 105,361 69,031 64,801 Total current liabilities 302,047 284,987 244,261 Total liabilities 1,041,223 1,089,926 1,111,861 Total equity and Liabilities 2,210,886 2,190,423 2,253,413
Annual Report 2017 39 Consolidated statement of financial position as at December 31, 2017 and 2016. (continued) These accounts have been authorized for issuance by the Supervisory Board members and the Executive Board members on November 16, 2018. The Board of Executive Directors: The Supervisory Board: R. Elias Managing Director E. Boerenveen Chairman B. Dwarkasing Upstream Director G. Asadang Member A. Moensi‐Sokowikromo Finance Director E. Poetisi Member M. Rommy Member
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