Cemex 1997 Annual Report Download - page 53

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47
December 31
LIABILITIES AND STOCKHOLDERS' EQUITY 1997 1996
CURRENT LIABILITIES
Bank loans (note 8) $ 2,826,610 959,862
Notes payable (note 8) 887,925 797,604
Current maturities of long-term debt (notes 8 and 9) 1,590,621 5,085,089
Trade accounts payable 2,379,065 1,779,020
Other accounts payable and accrued expenses 2,561,623 2,879,113
Total current liabilities 10,245,844 11,500,688
LONG-TERM DEBT (note 9)
Bank loans 13,279,304 15,067,382
Debentures ——— 243
Notes payable 20,274,960 23,208,213
Current maturities of long-term debt (1,590,621) (5,085,089)
Total long-term debt 31,963,643 33,190,749
OTHER NONCURRENT LIABILITIES
Pension plan and seniority premium (note 11) 431,426 681,658
Deferred income taxes (note 14) 1,074,498 1,144,663
Other liabilities 953,441 534,290
Total other noncurrent liabilities 2,459,365 2,360,611
TOTAL LIABILITIES 44,668,852 47,052,048
STOCKHOLDERS' EQUITY (note 12)
Majority interest:
Common stock-historical cost basis 46,514 47,300
Common stock-accumulated inflation adjustments 2,043,061 2,043,081
Additional paid-in capital 11,545,495 11,531,984
Deficit in equity restatement (27,802,488) (22,963,143)
Retained earnings 36,394,567 29,148,937
Net income 6,139,959 8,201,755
Total majority interest 28,367,108 28,009,914
Minority interest 9,531,766 8,395,318
Total stockholders’ equity 37,898,874 36,405,232
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $82,567,726 83,457,280