Cemex 2012 Annual Report Download - page 135
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Notes to the
financial
statements
135
< previous I contents I next >
10) Financial instruments
10A) Short-term and long-term debt
CEMEX, S.A.B. de C.V.’s debt summarized as of December 31, 2012 and 2011, by interest rates and currencies was as follows:
2012 2011
Short-term Long-term Total Short-term Long-term Total
Floating rate debt $ 49 24,616 24,665 $ 2,674 37,396 40,070
Fixed rate debt 15 27,749 27,764 1,480 23,121 24,601
$ 64 52,365 52,429 $ 4,154 60,517 64,671
Effective rate 1
Floating rate 4.4% 5.4% 4.9% 5.8%
Fixed rate 10.1% 9.0% 11.5% 8.9%
2012 2011
Eective Eective
Currency Short-term Long-term Total rate 1 Short-term Long-term Total rate
1
Dollars $ 50 49,973 50,023 7.3% $ 54 57,251 57,305 6.6%
Pesos 14 2,392 2,406 8.8% 4,100 3,266 7,366 9.6%
$ 64 52,365 52,429 $ 4,154 60,517 64,671
1 Represents the weighted average effective interest rate.
2012 Short-term Long-term 2011 Short-term Long-term
Bank loans Bank loans
Loans in Mexico, 2013 to 2014 $ – 1,088 Loans in Mexico, 2012 to 2014 $ – 1,650
Loans in foreign countries, 2013 to 2018 – 1,848 Loans in foreign countries, 2012 to 2018 – 11,871
Syndicated loans, 2013 to 2014 – 11,578 Syndicated loans, 2012 to 2014 – 12,930
– 14,514 – 26,451
Notes payable Notes payable
Notes payable in Mexico, 2013 to 2017 – – Notes payable in Mexico, 2012 to 2017 – 4,647
Medium-term notes, 2013 to 2020 – 568 Medium-term notes, 2012 to 2020 – 33,573
Other notes payable, 2013 to 2025 – 37,347 Other notes payable, 2012 to 2025 – –
– 37,915 – 38,220
Total bank loans and notes payable – 52,429 Total bank loans and notes payable – 64,671
Current maturities 64 (64) Current maturities 4,154 (4,154)
$ 64 52,365 $ 4,154 60,517
Changes in debt for the years ended December 31, 2012, 2011 and 2010 are as follows:
2012 2011 2010
Debt at beginning of year $ 64,671 44,800 56,841
Proceeds from new debt instruments 6,417 29,434 –
Debt repayments (13,364) (15,364) (8,966)
Foreign currency translation effect (5,295) 5,801 (3,075)
Debt at end of year $ 52,429 64,671 44,800
Long-term debt maturities as of December 31, 2012, are as follows:
2012
2014 $ 97
2015 10,216
2016 50
2017 14,800
2018 and thereafter 27,202
$ 52,365