Cemex 2012 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2012 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 160

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

Notes to the
consolidated
financial
statements
63
< previous I contents I next >
Net sales by product and geographic segment - continued
2010 Cement Concrete Aggregates Others Eliminations Net sales
Mexico $ 27,911 11,233 1,622 10,723 (9,326) 42,163
United States 12,232 10,708 7,091 9,274 (7,800) 31,505
Northern Europe
United Kingdom 3,055 5,107 4,870 6,092 (4,804) 14,320
Germany 4,313 5,770 3,494 3,126 (4,043) 12,660
France – 10,051 3,371 368 (1,611) 12,179
Rest of Northern Europe 4,874 5,459 1,924 1,088 (2,122) 11,223
Mediterranean
Spain 6,107 2,057 757 1,089 (2,107) 7,903
Egypt 7,050 702 41 413 (327) 7,879
Rest of Mediterranean 2,312 4,125 1,020 687 (1,069) 7,075
South America and the Caribbean
Colombia 5,612 2,021 283 626 (1,586) 6,956
Rest of South America and the Caribbean 10,139 2,732 337 404 (2,885) 10,727
Asia
Philippines 3,976 – – 38 – 4,014
Rest of Asia 779 1,497 190 146 (100) 2,512
Others – – – 7,661 (1,136) 6,525
Total $ 88,360 61,462 25,000 41,735 (38,916) 177,641
5) Depreciation and amortization
Depreciation and amortization recognized during 2012, 2011 and 2010 is detailed as follows:
2012 2011 2010
Depreciation and amortization expense related to assets used in the production process $ 13,852 13,918 14,574
Depreciation and amortization expense related to assets used in administrative and selling activities 3,332 3,618 4,534
$ 17,184 17,536 19,108
6) Other expenses, net
Other expenses, net in 2012, 2011 and 2010, consisted of the following:
2012 2011 2010
Restructuring costs $ (3,079) (1,959) (897)
Impairment losses (notes 12, 13B, 14 and 15) (1,661) (1,751) (1,904)
Charitable contributions (100) (140) (385)
Results from the sale of assets and others, net (852) (1,599) (3,149)
$ (5,692) (5,449) (6,335)
During 2012, in connection with the 10-year services agreement with IBM (note 23C), CEMEX recognized one-time restructuring
costs of approximately US$138 ($1,818), of which, approximately US$54 ($710) are related to severance payments for
termination of employees’ employment. In 2011 and 2010, restructuring costs mainly refer to severance payments.