Cemex 1997 Annual Report Download - page 57

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51
December 31
LIABILITIES AND STOCKHOLDERS' EQUITY 1997 1996
CURRENT LIABILITIES
Bank loans (note 8) $ 2,056,904 393,581
Notes payable (note 8) 775,470 ——-
Current maturities of long-term debt (note 8) 169,380 3,685,968
Other accounts payable and accrued expenses 455,867 508,949
Intercompany payables (note 10) 9,070,679 3,508,168
Total current liabilities 12,528,300 8,096,666
LONG-TERM DEBT (note 9)
Bank loans 1,604,111 1,879,247
Notes payable 16,817,820 22,063,028
Current maturities of long-term debt (169,380) (3,685,968)
Total long-term debt 18,252,551 20,256,307
TOTAL LIABILITIES 30,780,851 28,352,973
STOCKHOLDERS' EQUITY (note 12)
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 stockholders’ equity 28,367,108 28,009,914
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $59,147,959 56,362,887