Cemex 2013 Annual Report Download - page 100

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Notes to the consolidated financial statements
AsofDecember31,2013and2012,planassetsweremeasuredattheirestimatedfairvalueandconsistedof:
2013 2012
Cash  $ 1,761 1,353
Investmentsincorporatebonds  3,091 3,619
Investmentsingovernmentbonds  7,170 7,859
 Totalxed-incomesecurities 12,022 12,831
Investmentinmarketablesecurities  7,178 5,651
Otherinvestmentsandprivatefunds  3,173 3,232
 Totalvariable-incomesecurities 10,351 8,883
 Totalplanassets $ 22,373 21,714
AsofDecember31,2013and2012,basedonthehierarchyoffairvaluesestablishedinIFRS13(note16C),investmentsinplanassetsare
summarizedasfollows:
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
Investmentsincorporatebonds  2,524 567 – 3,091 2,685 934 – 3,619
Investmentsingovernmentbonds  7,170 – – 7,170 7,859 – – 7,859
Totalxed-incomesecurities  11,348 674 – 12,022 11,897 934 – 12,831
Investmentinmarketablesecurities 5,771 1,407 – 7,178 4,550 1,102 – 5,652
Otherinvestmentsandprivatefunds 947 2,218 8 3,173 1,362 1,869 – 3,231
Totalvariable-incomesecurities 6,718 3,625 8 10,351 5,912 2,971 – 8,883
Totalplanassets $ 18,066 4,299 8 22,373 17,809 3,905 – 21,714
AsofDecember31,2013,estimatedpaymentsforpensionsandotherpostretirementbenetsoverthenexttenyearswereasfollows:
2013
2014 $ 2,188
2015  2,066
2016  2,114
2017  2,182
2018  2,170
2019–2023  12,066
Themostsignicantassumptionsusedinthedeterminationofthenetperiodiccostwereasfollows:
2013 2012
United United Range of rates in United United Range of rates in
Mexico States Kingdom other countries Mexico States Kingdom other countries
Discountrates 7.0% 3.9% 4.6% 2.7%–7.0% 8.0% 5.2% 5.0% 4.2%–8.5%
Rateofreturnonplanassets 7.0% 3.9% 4.6% 2.7%–7.0% 8.0% 5.2% 5.0% 4.2%–8.5%
Rateofsalaryincreases 4.0% – 3.1% 2.3%–5.0% 4.0% – 3.2% 2.5%–5.0%
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