Cemex 1999 Annual Report Download - page 68

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66
DEPRECIATION AND
AMORTIZATION
1999 1998 1997
Mexico $ 1,448,229 1,442,578 1,509,640
Spain 563,109 777,177 975,962
Venezuela 553,412 518,482 524,312
United States 217,616 201,199 224,316
Colombia 303,861 520,733 537,233
Caribbean and Central-America 185,457 171,585 171,927
Philippines 230,423 — —
Egypt 20,314 — —
Others 600,834 262,555 308,598
Consolidated $ 4,123,255 3,894,309 4,251,988
TOTAL ASSETS INVESTMENT IN FIXED ASSETS *
1999 1998 1999 1998
Mexico $ 46,721,332 54,211,292 859,631 605,588
Spain 20,165,143 22,217,378 319,707 365,258
Venezuela 10,615,906 10,412,756 353,131 601,353
United States 6,676,227 6,674,856 154,419 154,573
Colombia 8,171,788 10,677,162 172,802 1,112,715
Caribbean and Central-America 5,553,150 4,126,500 238,524 165,160
Philippines 7,724,397 3,185,698 172,668 —
Others Asian 2,248,624 1,169,446 — —
Egypt 6,001,306 — — —
Others 27,853,216 7,991,057 235,994 447,839
141,731,089 120,666,145 2,506,876 3,452,486
Eliminations (28,901,737) (17,001,606) — —
Consolidated $ 112,829,352 103,664,539 2,506,876 3,452,486
* Corresponds to investments in fixed assets without considering the effects of inflation.
19.- CHARGES TO OPERATIONS NOT REQUIRING RESOURCES
Items charged or credited to the results of operations, which did not generate the use of resources, are summarized
as follows:
1999 1998
CONSOLIDATED PARENT CONSOLIDATED PARENT
Depreciation of property,
machinery and equipment $ 3,303,002 4,207 3,003,419 5,133
Amortization of deferred charges
and credits, net 820,253 60,214 890,890 83,791
Impairment of assets 633,659 — — —
Seniority premium 289,244 — 297,855 —
Equity in income of subsidiaries
and affiliates (236,592) (7,627,682) (155,328) (6,152,058)
Minority interest 535,964 — 391,147 —
$ 5,345,530 (7,563,261) 4,427,983 (6,063,134)
1997
CONSOLIDATED PARENT
Depreciation of property, machinery and equipment $ 3,030,520 5,947
Amortization of deferred charges and credits, net 1,221,468 115,854
Impairment of assets — —
Seniority premium 137,849 —
Equity in income of subsidiaries and affiliates (177,720) (5,495,700)
Minority interest 1,083,902 —
$ 5,296,019 (5,373,899)
20.- EARNINGS PER SHARE
Basic earnings per share are calculated by dividing majority interest net income for the year by the weighted average
number of common shares outstanding during the year.
Diluted net earnings per share reflects the effects of the stock options not exercised on the weighted average number
of common shares outstanding (see note 14B).