Cemex 1999 Annual Report Download - page 43

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41
DECEMBER 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY 1999 1998
CURRENT LIABILITIES
Bank loans (note 10) $ 1,824,096 3,971,928
Notes payable (note 10) 396,415 811,252
Current maturities of long-term debt (notes 10 and 11) 7,575,154 6,177,195
Trade accounts payable 3,685,272 3,044,369
Other accounts payable and accrued expenses 3,886,711 3,819,161
Total current liabilities 17,367,648 17,823,905
LONG-TERM DEBT (note 11)
Bank loans 22,044,412 19,677,705
Notes payable 17,298,940 17,582,820
Current maturities of long-term debt (7,575,154) (6,177,195)
Total long-term debt 31,768,198 31,083,330
OTHER NONCURRENT LIABILITIES
Pension and seniority premium (note 13) 528,411 958,664
Deferred income taxes (note 16) 1,047,004 1,075,680
Other noncurrent liabilities 924,685 1,798,555
Total other noncurrent liabilities 2,500,100 3,832,899
Total liabilities 51,635,946 52,740,134
STOCKHOLDERS’ EQUITY (note 14)
Majority interest:
Common stock–historical cost basis 49,312 47,619
Common stock–accumulated inflation adjustments 2,737,610 2,737,532
Additional paid-in capital 18,735,835 16,737,978
Deficit in equity restatement (39,490,802) (40,884,557)
Retained earnings 58,000,661 51,927,129
Net income 9,249,046 7,960,844
Total majority interest 49,281,662 38,526,545
Minority interest 11,911,744 12,397,860
Total stockholders’ equity 61,193,406 50,924,405
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 112,829,352 103,664,539