Cemex 2013 Annual Report Download - page 103

Notes to the consolidated financial statements
19B) Deferred income taxes
Asof December31,2013and2012,themain temporarydifferences thatgeneratedtheconsolidateddeferredincometaxassetsand
liabilitiesarepresentedbelow:
2013 2012
Deferred tax assets:
Taxlosscarryforwardsandothertaxcredits $ 26,290 16,118
Accountspayableandaccruedexpenses  7,511 11,734
Intangibleassetsanddeferredcharges,net  8,647 9,786
Others  211 177
 Netdeferredtaxassets  42,659 37,815
Deferred tax liabilities:
Property,machineryandequipment  (32,099) (33,672)
Investmentsandotherassets  (3,532) (3,531)
Others  – (426)
 Totaldeferredtaxliabilities  (35,631) (37,629)
Net deferred tax asset $ 7,028 186
Thebreakdownofchangesinconsolidateddeferredincometaxesduring2013,2012and2011wereasfollows:
2013 2012 2011
Deferredincometax(charged)creditedtothestatementsofoperations1, 2 $ 8,030 (12,245) 2,201
Deferredincometax(charged)creditedtostockholders’equity  (1,167) (570) 87
Reclassicationtoothercaptionsinthebalancesheet  (21) 6 (801)
 Changeindeferredincometaxperiod $ 6,842 (12,809) 1,487
1 InDecember2013,consideringtheprojectionsofestimatedtaxableincomeintheParentCompanyresultingfromtheintegrationoftheoperationsinMexico
thatisdescribedinnote26,CEMEXrecognizeddeferredincometaxassetsinanamountofapproximately$10,823.
2 ConsideringcurrentestimatesoffuturetaxableincomeinSpainandduetochangesintheapplicableregulations,during2012,CEMEXreduceditsdeferredtax
assetsassociatedwithtaxlosscarryforwardsbyapproximately$17,018,againstthedeferredincometaxexpensefortheperiod.
Currentand/ordeferredincometaxrelativetoitemsofothercomprehensivelossduring2013,2012and2011wereasfollows:
2013 2012 2011
Taxeffectsrelativetoforeignexchangeuctuationsfromdebt(note20B)1 $ – (2,082) 3,391
Taxeffectsrelativetoforeignexchangeuctuationsfromintercompanybalances(note20B)  (1,338) (724) 1,424
Taxeffectsrelativetoactuarialgainsand(losses)(note20B)  (122) 263 271
Othereffects2  253 (833) (184)
   $ (1,207) (3,376) 4,902
1 EffectiveJanuary1,2013,inconnectionwiththechangeoftheParentCompany’sfunctionalcurrencydescribedinnote2Dtherewerenoeffectsofforeign
exchangeuctuationsfromtheParentCompany’sUSdollar-denominateddebtwithinothercomprehensiveloss.
2 Inconnectionwiththechangesintheconversionoptionsembeddedintothemandatorilyconvertiblesecuritiesandintotheconvertiblenotesasexplainedin
note16,anetdeferredincometaxeffectof$1,298wasrecognizeddirectlyintostockholders´equity.
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