Cemex 2013 Annual Report Download - page 100
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Please find page 100 of the 2013 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.Notes to the consolidated financial statements
AsofDecember31,2013and2012,planassetsweremeasuredattheirestimatedfairvalueandconsistedof:
2013 2012
Cash $ 1,761 1,353
Investmentsincorporatebonds 3,091 3,619
Investmentsingovernmentbonds 7,170 7,859
Totalxed-incomesecurities 12,022 12,831
Investmentinmarketablesecurities 7,178 5,651
Otherinvestmentsandprivatefunds 3,173 3,232
Totalvariable-incomesecurities 10,351 8,883
Totalplanassets $ 22,373 21,714
AsofDecember31,2013and2012,basedonthehierarchyoffairvaluesestablishedinIFRS13(note16C),investmentsinplanassetsare
summarizedasfollows:
2013 2012
(Millions of pesos) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Cash $ 1,654 107 – 1,761 1,353 – – 1,353
Investmentsincorporatebonds 2,524 567 – 3,091 2,685 934 – 3,619
Investmentsingovernmentbonds 7,170 – – 7,170 7,859 – – 7,859
Totalxed-incomesecurities 11,348 674 – 12,022 11,897 934 – 12,831
Investmentinmarketablesecurities 5,771 1,407 – 7,178 4,550 1,102 – 5,652
Otherinvestmentsandprivatefunds 947 2,218 8 3,173 1,362 1,869 – 3,231
Totalvariable-incomesecurities 6,718 3,625 8 10,351 5,912 2,971 – 8,883
Totalplanassets $ 18,066 4,299 8 22,373 17,809 3,905 – 21,714
AsofDecember31,2013,estimatedpaymentsforpensionsandotherpostretirementbenetsoverthenexttenyearswereasfollows:
2013
2014 $ 2,188
2015 2,066
2016 2,114
2017 2,182
2018 2,170
2019–2023 12,066
Themostsignicantassumptionsusedinthedeterminationofthenetperiodiccostwereasfollows:
2013 2012
United United Range of rates in United United Range of rates in
Mexico States Kingdom other countries Mexico States Kingdom other countries
Discountrates 7.0% 3.9% 4.6% 2.7%–7.0% 8.0% 5.2% 5.0% 4.2%–8.5%
Rateofreturnonplanassets 7.0% 3.9% 4.6% 2.7%–7.0% 8.0% 5.2% 5.0% 4.2%–8.5%
Rateofsalaryincreases 4.0% – 3.1% 2.3%–5.0% 4.0% – 3.2% 2.5%–5.0%
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