Cemex 2013 Annual Report Download - page 74

Notes to the consolidated financial statements
14) Property, machinery and equipment, net
AsofDecember31,2013and2012,consolidatedproperty,machineryandequipment,netandthechangesinsuchlineitemduring2013,
2012and2011,wereasfollows:
2013
Land and Machinery and Construction
mineral reserves 1 Building 1 equipment 2 in progress Total
Costatbeginningofperiod $ 76,620 40,316 176,720 14,276 307,932
Accumulateddepreciationanddepletion  (7,681) (12,703) (74,473) – (94,857)
Net book value at beginning of period  68,939 27,613 102,247 14,276 213,075
 Capitalexpenditures  961 632 6,176 – 7,769
 Additionsthroughcapitalleases  – 38 103 – 141
 Strippingcosts  499 – – – 499
  Totaladditions  1,460 670 6,279 – 8,409
Disposals3  (1,014) (471) (1,465) (10) (2,960)
Reclassications4  (317) (98) (246) (4) (665)
Depreciationanddepletionfortheperiod  (1,501) (1,873) (9,758) – (13,132)
Impairmentlosses  (240) (96) (1,022) – (1,358)
Foreigncurrencytranslationeffects  (587) 1,129 3,251 (1,445) 2,348
Costatendofperiod  75,415 41,531 179,905 12,817 309,668
Accumulateddepreciationanddepletion  (8,675) (14,657) (80,619) – (103,951)
Net book value at end of period $ 66,740 26,874 99,286 12,817 205,717
2012
Land and Machinery and Construction
mineral reserves 1 Building 1 equipment 2 in progress Total 2011
Costatbeginningofperiod $ 82,098 43,824 183,682 14,976 324,580 292,343
Accumulateddepreciationanddepletion  (6,146) (11,911) (72,180) – (90,237) (71,072)
Net book value at beginning of period  75,952 31,913 111,502 14,976 234,343 221,271
 Capitalexpenditures  1,339 1,579 4,981 – 7,899 5,943
 Additionsthroughcapitalleases  – 813 1,212 – 2,025 1,519
 Strippingcosts  439 – – – 439 963
 Capitalizationofnancialexpense  – – – 102 102 115
 Totaladditions  1,778 2,392 6,193 102 10,465 8,540
Disposals3  (1,548) (397) (1,451) 15 (3,381) (2,829)
Reclassications4  (742) (97) (261) (2) (1,102) –
Businesscombinations(note15A)  – – – – – 5,166
Depreciationanddepletionfortheperiod  (1,437) (1,691) (11,264) – (14,392) (14,769)
Impairmentlosses  (131) (31) (380) – (542) (1,249)
Foreigncurrencytranslationeffects  (4,933) (4,476) (2,092) (815) (12,316) 18,213
Costatendofperiod  76,620 40,316 176,720 14,276 307,932 324,580
Accumulateddepreciationanddepletion  (7,681) (12,703) (74,473) – (94,857) (90,237)
Net book value at end of period $ 68,939 27,613 102,247 14,276 213,075 234,343
1 Includescorporatebuildingsandrelatedlandsoldtonancialinstitutionsduring2013,2012and2011,whichwereleasedback,withoutincurringanychange
inthecarryingamountofsuchassetsorgainorlossonthetransactions.TheaggregatecarryingamountoftheseassetsasofDecember31,2013and2012
wasapproximately$2,210and$1,657,respectively.
2 Includesassets,mainlymobileequipment,acquiredinthroughcapitalleases,whichcarryingamountasofDecember31,2013and2012wasapproximately
$141and$2,025,respectively.
3 In2013,thesalesofnon-strategicxedassetsinMexico,theUnitedStatesandtheUnitedKingdomfor$680,$702and$920,respectively.In2012,includes
salesofnon-strategicxedassetsintheUnitedStates,theUnitedKingdomandMexicofor$384,$1,129and$1,160,respectively.In2011,includessalesof
non-strategicxedassetsintheUnitedKingdom,MexicoandtheUnitedStatesfor$424,$567and$968,respectively.
4 In2013,asdescribedinnote13A,CEMEXcontributedxedassetstoitsassociateConcreteSupplyCo.,LLCforapproximately$445.In2012,duetodecision
todisposeofcertaincomponentsofCGUsintheUnitedStates,CEMEXreclassiedapproximately$1,102ofxedassetsassociatedwithsuchCGUstoassets
heldforsale(note12).Thereclassiedassetswererecognizedatfairvaluelesscosttosale.In2011,referstothecapitalizationofadvancestosuppliersof
xedassetsduringtheperiod.
[73]