Cemex 2013 Annual Report Download - page 50
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Please find page 50 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
Statements of operations
InCEMEX’sstatementsofoperationsfortheyearsendedDecember31,2013,2012and2011,thelineitemcurrentlytitled“Operating
earningsbefore otherexpenses,net” waspreviouslytitled untilDecember31,2011as“Operatingincome,” andthelineitemcurrently
titled“Operatingearnings”waspreviouslytitleduntilDecember31,2011as“Operatingincomeafterotherexpenses,net.”CEMEXmade
thesechangestocomplywithindustrypracticewhenlingnancialstatementsunderIFRSwiththeSECbasedontheguidancesetforthin
paragraph56oftheBasisforConclusionsofIAS1,
PresentationofFinancialStatements
(“IAS1”).However,suchchangesinline-itemtitles
donotrepresentanychangeinCEMEX’saccountingpractices,policiesormethodologiesunderIFRSascomparedtoprioryearsbefore2011.
Consequently,thelineitems“Operatingearningsbeforeotherexpenses,net”and“Operatingearnings”aredirectlycomparablewiththeline
items“Operatingincome”and“Operatingincomeafterotherexpenses,net”respectively,aspresentedinnancialstatementsissueduntil
December31,2011.
Thelineitem“Otherexpenses,net” inthestatementsof operations consistsprimarilyofrevenuesand expensesnotdirectlyrelatedto
CEMEX’smainactivities,orwhichareofanunusualand/ornon-recurringnature,includingimpairmentlossesoflong-livedassets,resultson
disposalofassetsandrestructuringcosts,amongothers(note6).
Statements of other comprehensive income (loss)
FortheyearsendedDecember31,2013,2012and2011,basedonIAS1,CEMEXpresentslineitemsforamountsofothercomprehensive
income(loss)intheperiodgroupedintothosethat,inaccordancewithotherIFRSs:a)willnotbereclassiedsubsequentlytoprotorloss;
andb)willbereclassiedsubsequentlytoprotorlosswhenspecicconditionsaremet.
Statements of cash ows
Thestatementsofcashowspresentcashinowsandoutows,excludingunrealizedforeignexchangeeffects,aswellasthefollowing
transactionsthatdidnotrepresentsourcesorusesofcash:
• In2013,theincreaseininvestmentsinassociatesfor$712,relatedtoCEMEX’sjointventureConcreteSupplyCo.,LLC(note13A).As
partoftheagreementCEMEXcontributedcashofapproximatelyUS$4million;
• In2013,thedecreaseinothernon-currentliabilitiesforapproximately$4,325beforeadeferredtaxliabilityofapproximately$1,298,
asaresultofthechangeinthefunctionalcurrencyattheParentCompany(note16B);
• In2012,the exchangeof approximatelyUS$452(48%)ofCEMEX’sthenoutstandingperpetualdebenturesandofapproximately
€470(53%)ofCEMEX’sthenoutstandingEuro-denominated4.75%notesdue2014,fornewEuro-denominatednotesfor€179and
newDollar-denominatednotesforUS$704.In2011,theexchangeofaportionofCEMEX’sperpetualdebenturesfornewnotesfor
US$125(note16A).Theseexchangesrepresentednetincreasesindebtof$4,111in2012and$1,486in2011,reductionsinequity’s
noncontrollinginterestof$5,808in2012and$1,937in2011andincreasesinequity’scontrollinginterestof$1,680in2012and
$446in2011;
• In2013,2012and2011,theincreasesinproperty,plantandequipmentforapproximately$141,$2,025and$1,519,respectively,
adecrementindebtforapproximately$657andanincreaseforapproximately$1,401and$1,558,respectively,associatedwiththe
negotiationofcapitalleasesduringtheyear(note16B);
• In2011,theincreaseindebtfor$1,352relatedmainlytotheacquisitionofReadyMixUSALLC(note15B);
• In 2013, 2012 and 2011, the increases in common stockand additional paid-in capital associated with: (i) the capitalization of
retainedearningsfor$5,991,$4,138and$4,216,respectively(note20A);and(ii)CPOsissuedaspartoftheexecutivestock-based
compensationfor$551,$486and$495,respectively(note20A).
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