Cemex 1999 Annual Report Download - page 50

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48
Common
stock
Series A Series B
Balances at December 31, 1996
$ 1,708,200 1,076,664
Acquisition of shares under repurchase program (449) (649)
Appropriation of net income from prior year — —
Issuance of common stock (note 14B) — 25
Result from holding nonmonetary assets — —
Updating of investments and other transactions relating to minority interest — —
Investment by subsidiaries (note 7) — —
Net income — —
Balances at December 31, 1997
1,707,751 1,076,040
Dividends declared ($0.39 pesos per share) 1,347 —
Appropriation of net income from prior year — —
Issuance of common stock (note 14B) — 13
Result from holding nonmonetary assets — —
Updating of investments and other transactions relating to minority interest — —
Investment by subsidiaries (note 7) — —
Net income — —
Balances at December 31, 1998
1,709,098 1,076,053
Dividends ($0.44 pesos per share) 1,653 —
Appropriation of net income from prior year — —
Issuance of common stock (note 14B) — 118
Issuance of appreciation warrants (note 2C) — —
Result from holding nonmonetary assets — —
Updating of investments and other transactions relating to minority interest — —
Investment by subsidiaries (note 7) — —
Net income — —
Balances at December 31, 1999
$ 1,710,751 1,076,171
See accompanying notes to consolidated and parent-company only financial statements.
CEMEX, S.A. DE C.V. AND CEMEX, S.A. DE C.V. AND SUBSIDIARIES
(THOUSANDS OF CONSTANT MEXICAN PESOS AS OF DECEMBER 31, 1999)
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY