Cemex 2013 Annual Report Download - page 143

Notes to the financial statements
2Q) Executive stock-based compensation
BasedonIFRS2,
Share-basedpayments (“IFRS2”),stockawardsbasedonsharesofCEMEXgrantedtoexecutivesaredenedasequity
instruments,whenservicesreceivedfromemployeesaresettleddeliveringshares;orasliabilityinstruments,whenCEMEX,S.A.B.deC.V.,
commitstomakecashpaymentstotheexecutivesontheexercisedateoftheawardsbasedonchangesinCEMEXS.A.B.deC.V.’sown
stock(intrinsicvalue).Thecostofequityinstrumentsrepresentstheirestimatedfairvalueatthedateofgrantandisrecognizedinthe
statementsofoperationsduringtheperiodinwhichtheexerciserightsoftheemployeesbecomevested.Liabilityinstrumentsarevaluedat
theirestimatedfairvalueateachreportingdate,recognizingthechangesinfairvaluethroughtheoperatingresults.CEMEXS.A.B.deC.V.
determinestheestimatedfairvalueofoptionsusingthebinomialnancialoption-pricingmodel.
2R) Newly issued ifrs not yet adopted
ThereareanumberofIFRSissuedasofthedateofissuanceofthesenancialstatementsbutwhichhavenotyetbeenadopted,whichare
listedbelow.Exceptasotherwiseindicated,CEMEX,S.A.B.deC.V.expectstoadopttheseIFRSwhentheybecomeeffective.
• During2012and2013,theIASBissuedIFRS9,
Financialinstruments:classicationandmeasurement (“IFRS9”),whichasissued,reects
therstpartofPhase1oftheIASB’sprojecttoreplaceIAS39.Insubsequentphases,theIASBwilladdressimpairmentmethodology,
derecognitionandhedgeaccounting.IFRS9requiresanentitytorecognizeanancialassetoranancialliabilityinitsstatementof
nancialpositionwhen,andonlywhen,theentitybecomespartytothecontractualprovisionsoftheinstrument.Atinitialrecognition,
anentityshallmeasureanancialassetornancialliabilityatitsfairvalueplusorminus,inthecaseofanancialassetornancialliability
notatfairvaluethroughprotorloss,transactioncoststhataredirectlyattributabletotheacquisitionorissueofthenancialassetor
nancialliability.IFRS9iseffectiveforannualperiodsbeginningonorafterJanuary1,2015,withearlyadoptionpermitted.CEMEX,
S.A.B.deC.V.doesnotconsiderthatcurrentIFRS9willhaveasignicanteffectontheclassicationandmeasurementofCEMEX,S.A.B.
deC.V.’snancialassetsandnancialliabilities.Nonetheless,CEMEX,S.A.B.deC.V.willevaluatetheimpactandwillquantifytheeffect
togetherwiththeotherphases,whenissued,tomakeacomprehensiveanalysis.
• InDecember2011,theIASBamendedIAS32fordisclosurerequirementsfortheoffsettingofassetsandliabilitiesonthestatementof
nancialposition.Theamendedstandardrequiresentitiestodisclosebothgrossinformationandnetinformationaboutbothinstruments
andtransactionseligibleforoffsetinthestatementofnancialpositionandinstrumentsandtransactionssubjecttoanagreement
similartoamasternettingarrangement.Thescopeincludesderivatives,saleandrepurchaseagreementsandreversesaleandrepurchase
agreementsandsecuritiesborrowingandsecuritieslendingagreements.TheamendmentstoIAS32areeffectivebeginningJanuary
1,2014andrequireretrospectiveapplication.CEMEX,S.A.B.deC.V.iscurrentlyevaluatingtheimpactofadoptingthisamended
standard;nonetheless,CEMEX,S.A.B.deC.V.doesnotexpectthattheadoptionofthisamendedstandardwillhaveasignicantimpact
onitsconsolidatednancialstatements.
3) Other expenses, net
Otherexpenses,netasofDecember31,2013,2012and2011,consistedofthefollowing:
2013 2012 2011
Resultsfromthesaleofassetsandothers,net $ – 22 (113)
Administrativeexpenses(note11)  (1,090) (928) (764)
Restructuringcosts  – – (46)
Taxassessment  – – (474)
Others  (23) 67 (16)
   $ (1,113) (839) (1,413)
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