Cemex 2012 Annual Report Download - page 121

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121
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Years ended December 31,
Note 2012 2011 2010
Rental income 11 $ 335 336 370
License fees 11 907 978 814
Total revenues 1,242 1,314 1,184
Administrative expenses (169) (130) (74)
Operating earnings before other expenses, net 1 1,073 1,184 1,110
Other expenses, net 3 (839) (1,413) (1,154)
Operating earnings 2 234 (229) (44)
Financial expense 10 (8,655) (7,928) (7,343)
Other financial income, net 4 808 1,306 2,471
Foreign exchange results 9,113 (12,952) 4,196
Income (loss) before income tax 1,500 (19,803) (720)
Income tax 12 (1,709) (468) (2,954)
Net loss $ (209) (20,271) (3,674)
1 The line item “Operating earnings before other expenses, net” was titled by CEMEX, S.A.B de C.V. in prior years as “Operating income” (note 2A).
2 The line item “Operating earnings” was titled by CEMEX, S.A.B de C.V. in prior years as “Operating income (loss) after other expenses, net” (note 2A).
Statements
of operations
CEMEX, S.A.B. DE C.V.
(Parent company-only)
(Millions of Mexican pesos)
The accompanying notes are part of these Parent
Company-only financial statements.