Cemex 2013 Annual Report Download - page 73

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Notes to the consolidated financial statements
Equityinnetincome(loss)ofassociatesbygeographicoperatingsegmentin2013,2012and2011isdetailedasfollows:
2013 1 2012 2011
Mexico $ (6) 92 (53)
UnitedStates  91 343 (204)
NorthernEurope  111 157 146
Mediterranean  16 (90) (8)
CorporateandOthers  17 226 (215)
   $ 229 728 (334)
CombinedcondensedbalancesheetinformationofCEMEX’sassociatesasofDecember31,2013and2012issetforthbelow:
2013 1 2012
Currentassets $ 14,192 14,302
Non-currentassets  37,974 38,533
 Totalassets 52,166 52,835
Currentliabilities  5,465 7,546
Non-currentliabilities  17,531 17,420
 Totalliabilities 22,996 24,966
 Totalnetassets $ 29,170 27,869
CombinedselectedinformationofthestatementsofoperationsofCEMEX’sassociatesin2013,2012and2011issetforthbelow:
2013 1 2012 2011
Sales  $ 19,966 11,693 15,736
Operatingearnings  2,024 1,160 1,118
Income(loss)beforeincometax  928 531 (846)
Netincome(loss)  455 517 (402)
1 ThecombinedcondensedselectedinformationofbalancesheetandstatementsofoperationsofCEMEX’sassociatespresentedinthetablesabovedoesnot
includethebalancesandoperationsofthenewlycreatedjointventureCSCLLCasofandforthethree-monthperiodendedDecember31,2013.
13B) Other investments and non-current accounts receivable
AsofDecember31,2013and2012,consolidatedotherinvestmentsandnon-currentaccountsreceivableweresummarizedasfollows:
2013 2012
Non-currentportionofvaluationofderivativenancialinstruments $ 6,274 4,279
Non-currentaccountsreceivableandotherinvestments1  4,983 3,554
Investmentsavailable-for-sale2  340 211
Investmentsheldfortrading3  463 366
   $ 12,060 8,410
1 Includes,amongotheritems:a)advancestosuppliersofxedassetsofapproximately$138in2013and$86in2012;andb)thenon-currentportionofa
restrictedinvestmentusedtopaycouponsundertheperpetualdebentures(note20D),ofapproximately$326in2013and$490in2012.CEMEXrecognized
impairmentlossesofnon-currentaccountsreceivableintheUnitedStatesofapproximately$14in2013and$90in2012,andintheCaribbeanandinthe
UnitedStatesofapproximately$167in2011(note6).
2 Thislineitemincludes:a)aninvestmentinCPOsofAxtel,S.A.B.deC.V.(“Axtel”)ofapproximately$340in2013and$211in2012.
3 Thislineitemreferstoinvestmentsinprivatefunds.In2013and2012,nocontributionsweremadetosuchprivatefunds.
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