Cemex 2013 Annual Report Download - page 71
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Notes to the consolidated financial statements
Allowancesfordoubtfulaccountsareestablishedaccordingtothecredithistoryandriskproleofeachcustomer.Changesinthevaluationof
thiscaptionallowancefordoubtfulaccountsin2013,2012and2011,wereasfollows:
2013 2012 2011
Allowancesfordoubtfulaccountsatbeginningofperiod $ 1,766 2,171 2,246
Chargedtosellingexpenses 561 372 338
Deductions (587) (595) (695)
Businesscombinations – – 82
Foreigncurrencytranslationeffects 64 (182) 200
Allowancesfordoubtfulaccountsatendofperiod $ 1,804 1,766 2,171
10) Other accounts receivable
AsofDecember31,2013and2012,consolidatedotheraccountsreceivableconsistedof:
2013 2012
Non-tradeaccountsreceivable1 $ 2,683 2,321
Interestandnotesreceivable2 1,952 2,721
Loanstoemployeesandothers 154 171
Refundabletaxes 2,221 1,026
$ 7,010 6,239
1 Non-tradeaccountsreceivablearemainlyattributabletothesaleofassets.
2 Includes $174 in2013 and $171in 2012, representing the short-term portion ofa restricted investment related to coupon paymentsunder CEMEX’s
perpetualdebentures(note20D).
11) Inventories
AsofDecember31,2013and2012,theconsolidatedbalanceofinventorieswassummarizedasfollows:
2013 2012
Finishedgoods $ 6,153 5,934
Work-in-process 2,825 2,819
Rawmaterials 3,121 2,980
Materialsandspareparts 4,683 4,523
Inventoryintransit 689 820
Allowanceforobsolescence (486) (591)
$ 16,985 16,485
FortheyearsendedDecember31,2013,2012and2011,CEMEXrecognizedinthestatementsofoperations,inventoryimpairmentlosses
ofapproximately$6,$44and$19,respectively.
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