Cemex 2009 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2009 Cemex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

33
STATEMENT OF CHANGES IN FINANCIAL POSITION
CEMEX, S.A.B. DE C.V.
(Millions of Mexican pesos)
Year ended
Note 25 December 31, 2007
OPERATING ACTIVITIES
Net income $ 26,108
Non-cash items:
Depreciation of property and buildings 6
Amortization of deferred charges 82
Deferred income taxes J 957
Equity in income of subsidiaries and associates (28,863)
Resources used in operating activities (1,710)
Changes in working capital:
Other accounts receivable (994)
Short-term related parties, net I 26,817
Other accounts payable and accrued expenses (169)
Net change in working capital 25,654
Net resources provided by operating activities 23,944
FINANCING ACTIVITIES
Proceeds from debt, net 38,387
Dividends paid (6,636)
Issuance of common stock under stock dividend elections and stock option programs 6,399
Other financing activities, net 1,236
Net resources provided by financing activities 39,386
INVESTING ACTIVITIES
Long-term related parties, net I (32,435)
Investment in subsidiaries and associates (31,581)
Goodwill and deferred charges 171
Other long-term investments and accounts receivable 515
Net resources used in investing activities (63,330)
Change in cash and investments –
Cash and investments at beginning of year –
CASH AND INVESTMENTS AT END OF YEAR $ –
The accompanying notes are part of these financial statements.