Cemex 2013 Annual Report Download - page 75

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Notes to the consolidated financial statements
CEMEXhassignicantbalancesofproperty,machineryandequipment.AsofDecember31,2013and2012,theconsolidatedbalancesof
property,machineryandequipment,net,representedapproximately41.5%and44.5%,respectively,ofCEMEX’stotalconsolidatedassets.
AsaresultofimpairmenttestsconductedonseveralCGUsconsideringcertaintriggeringevents,mainly:a)theclosingand/orreductionof
operationsofcementandready-mixconcreteplantsresultingfromadjustingthesupplytocurrentdemandconditions;andb)thetransferring
ofinstalledcapacitytomoreefcientplants,fortheyearsendedDecember31,2013,2012and2011,CEMEXadjustedtherelatedxed
assetstotheirestimatedvalueinuseinthosecircumstancesinwhichtheassetswouldcontinueinoperationbasedonestimatedcashows
duringtheremainingusefullife,ortotheirrealizablevalue,incaseofpermanentshutdown,andrecognizedimpairmentlosses(note2K)
during2013,2012and2011inthefollowingcountriesandforthefollowingamounts:
2013 2012 2011
Spain  $ 917 – –
PuertoRico  187 – –
UnitedStates  134 71 11
Germany  59 128 21
Mexico  36 203 101
Latvia  2 38 68
Ireland  – 64 790
UnitedKingdom  – – 84
Colombia  – – 46
Othercountries  23 38 128
   $ 1,358 542 1,249
15) Goodwill and intangible assets
15A) Balances and changes during the period
AsofDecember31,2013and2012,consolidatedgoodwill,intangibleassetsanddeferredchargesweresummarizedasfollows:
2013 2012
Accumulated Carrying Accumulated Carrying
Cost amortization amount Cost amortization amount
Intangible assets of indenite useful life:
Goodwill $ 144,457 – 144,457 $ 142,444 – 142,444
Intangible assets of denite useful life:
Extractionrights 27,550 (2,554) 24,996 27,416 (2,242) 25,174
Industrialpropertyandtrademarks 248 (108) 140 429 (76) 353
Customerrelationships 4,829 (3,090) 1,739 4,862 (2,606) 2,256
Miningprojects 1,562 (221) 1,341 1,379 (300) 1,079
Othersintangibleassets 7,023 (4,756) 2,267 14,068 (12,384) 1,684
   $ 185,669 (10,729) 174,940 $ 190,598 (17,608) 172,990
Theamortizationofintangibleassetsofdeniteusefullifewasapproximately$1,327in2013,$3,113in2012and$3,079in2011,and
wasrecognizedwithinoperatingcostsandexpenses.
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