Cemex 1997 Annual Report Download - page 69
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63
Certain credit agreements are guaranteed by the Company and/or its subsidiaries and contain restrictive covenants
that limit the sale of assets, require the Company to maintain control of the shares of certain subsidiaries, establish
liens and require the Company to maintain certain financial ratios. At December 31, 1997, the Company was in
compliance with or had received waivers for the required financial ratios.
10.- BALANCES AND TRANSACTIONS WITH RELATED PARTIES
The most important intercompany balances from affiliated companies at December 31, 1997 and 1996, are the
following:
Parent Company 1997
Current
Assets Liabilities
Cemex Control, S.A. de C.V. $ 272,743
——-
Cegusa, S. A. 216,556
——-
Cementos Monterrey, S.A. de C.V. 32,872
——-
Badenoch Corporation 26,938
——-
Concreto y Precolados, S.A. 16,666
——-
Concretos Monterrey, S.A. de C.V. 10,629
——-
Cementos Mexicanos, S. A. de C.V. 2,074
——-
Cemex Central, S.A. de C.V. 1,248
——-
Productora de Bolsas de Papel, S.A. de C.V. 1,164
——-
Concreto Premezclado Nacional, S.A. de C.V. 1,101
——-
Cementos Guadalajara, S.A. de C.V. 1,033
——-
Cementos Anáhuac, S.A. de C.V. 791
——-
Cementos del Norte, S.A. de C.V. ——- 5,781,741
Centro Distribuidor de Cemento, S.A. de C.V. ——- 1,162,409
Sunbelt Enterprises. ——- 1,130,094
Grupo Empresarial Maya, S.A. de C.V. ——- 996,146
Others 897 289
$ 584,712 9,070,679
Parent Company 1996
Current
Assets Liabilities
Sunbelt Enterprises $ 4,133,361
——-
Badenoch Corporation 726,821
——-
Petrocemex, S.A. de C.V. 451,696
——-
Cemex Control, S.A. de C.V. 345,282
——-
Cegusa, S.A. 250,599
——-
Cementos Monterrey, S.A. de C.V. 53,179
——-
Cementos Tolteca, S.A. de C.V. 27,274
——-
Anacorp 19,377
——-
Concretos Monterrey, S.A. de C.V. 5,257
——-
Concreto y Precolados, S.A. 4,817
——-
Cementos Guadalajara, S.A. de C.V. 3,109
——-
Cementos Portland Nacional, S.A. de C.V. 2,372
——-
Cemex Internacional, S.A. de C.V. 2,141
——-
Cementos Anáhuac, S.A. de C.V. 1,348
——-
Cementos del Norte, S.A. de C.V. ——- 2,380,541
Grupo Empresarial Maya, S.A. de C.V. ——- 1,126,164
Others 3,057 1,463
$ 6,029,690 3,508,168