Cemex 2013 Annual Report Download - page 159

Notes to the financial statements
11) Balances and transactions with related parties
AsofDecember31,2013and2012,themainaccountsreceivableandpayablewithrelatedparties,arethefollowing:
Assets Liabilities
2013 Short-term Long-term Short-term Long-term
CEMEXMéxico,S.A.deC.V. $ 871 6,942 269 1,075
CEMEXResearchGroupAG.  332 – – –
CEMEXLatamHoldings,S.A.  102 – – –
ConstructionFundingCorporation  15,768 – – 15,424
CEMEXHungária,Kft  – – 3,403 –
CEMEXCentral,S.A.deC.V.  – – 963 –
TEGEnergía,S.A.deC.V.  – – – 429
Others  21 – – –
   $ 17,094 6,942 4,635 16,928
Assets Liabilities
2012 Short-term Long-term Short-term Long-term
CEMEXMéxico,S.A.deC.V. $ – 6,942 2,649 –
CEMEXResearchGroupAG.  72 – – –
CEMEXLatamHoldings,S.A.  58 – – –
ConstructionFundingCorporation  – – 17,198 15,188
CEMEXCentral,S.A.deC.V.  – – 323 –
TEGEnergía,S.A.deC.V.  – – – 626
Others  147 – – –
   $ 277 6,942 20,170 15,814
ThemainoperationsofCEMEX,S.A.B.deC.V.withrelatedpartiesfortheyearsendedDecember31,2013,2012and2011areasfollows:
2013 2012 2011
Dividendincome $ 3,600 – –
Rentalincome  339 335 336
Licensefees  912 907 978
Financialexpenses  (1,439) (1,527) (1,856)
Managementserviceexpenses  (1,113) (951) (764)
Financialincome  476 780 1,512
Resultsfromnancialinstrument  (3,064) (12) (903)
Otherexpenses,net  – 75 (598)
BalancesandoperationsbetweenCEMEX,S.A.B.deC.V.andtheafliatedcompaniesresultmainlyfrom:(i)theacquisitionorsaleofshares
ofsubsidiarieswithinthegroup;(ii)billingofadministrativeservices,rents,rightstouseofbrandsandcommercialnames,royaltiesandother
servicesrenderedbetweenafliatedcompanies;and(iii)loansbetweenafliatedcompanies.Thetransactionsbetweenafliatedcompanies
areconductedatarm’slength.
ThebalancereceivablefromCEMEXMéxicoisrelatedtoaloanthataccruesTIIEplus219basepoints.ThebalancepayabletoTEGEnergía,
S.A.deC.V.,correspondstothemeasurementoftheinterestrateswapcontractrelatedtoenergyprojectsforanominalvalueofUS$15
whichis due inSeptember 2022.The balancepayable toConstruction FundingCorporation,correspondsto aloan that accrues LIBOR
1-monthplus498basepoints.ThebalancepayabletoCEMEXCentral,S.A.deC.V.,itisrelatedtodiverseadministrativeservices.The
balancepayabletosubsidiariesaccruedinterestundermarketconditions.
[158]