Cemex 2013 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 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.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

Notes to the consolidated financial statements
Goodwill
Changesinconsolidatedgoodwillin2013,2012and2011wereasfollows:
2013 2012 2011
Balanceatbeginningofperiod $ 142,444 152,674 135,822
 Businesscombinations – – 14
 Disposalsandcancellations1  – (323) –
 Reclassicationtoassetsheldforsale2  – (212) –
 Impairmentlosses(note15C)3  – – (145)
 Foreigncurrencytranslationeffects 2,013 (9,695) 16,983
Balanceatendofperiod $ 144,457 142,444 152,674
1 In2012,duetothedecisiontosellcertainmillingassetsfromCEMEX’soperationsinSpaintoitsoperationsinColombia,CEMEXcancelledapproximately$323
ofgoodwillinSpainassociatedwiththeoriginalacquisitionoftheentitythatheldtheassetsagainstotherexpenses,net.
2 In2012,duetotheclassicationofcertainCGUsintheUnitedStatestoassetsheldforsale,consideringthehistoricalaverageOperatingEBITDAgeneration
ofsuchCGUs,CEMEXallocatedapproximately$212ofgoodwillrelatedtothegroupsofCGUstowhichgoodwillhadbeenallocatedinsuchcountrytothefair
valuelesscosttosaleassociatedwithsuchassetsrecognizedinassetsheldforsale(note12).
3 Basedonimpairmenttestsmadeduringthelastquarterofeachyear,in2011CEMEXrecognizedwithin“Otherexpenses,net”goodwillimpairmentlossesin
connectionwiththeCGUstowhichgoodwillhadbeenallocatedinLatviaforapproximately$145(US$12).Theimpairmentlossesinsuchcountryrepresented
100%oftheamountofgoodwillallocatedtosuchCGUs.In2013and2012,therewerenoimpairmentlossesofgoodwill(note15C).
Intangible assets of denite life
Changesinintangibleassetsofdenitelifein2013,2012and2011wereasfollows:
2013
Industrial
Extraction property and Customer Mining
rights trademarks relations projects Others 1 To t a l
Balanceatbeginningofperiod $ 25,174 353 2,256 1,079 1,684 30,546
 Additions(disposals),net1  (110) (69) (9) 537 185 534
Amortization (447) (295) (498) (53) (34) (1,327)
 Reclassicationtoassetsheldforsale – – (13) – (35) (48)
 Impairmentlosses – (5) (29) – (129) (163)
Foreigncurrencytranslationeffects 379 156 32 (222) 596 941
Balanceattheendofperiod $ 24,996 140 1,739 1,341 2,267 30,483
2012
Industrial
Extraction property and Customer Mining
rights trademarks relations projects Others 1 Total 2011
Balanceatbeginningofperiod $ 27,307 1,012 2,848 1,487 3,317 35,971 34,249
Businesscombinations – – – – – – 6
 Additions(disposals),net1 (48) (513) 134 194 (267) (500) 621
Amortization (446) (373) (512) (69) (1,713) (3,113) (3,079)
 Impairmentlosses (42) – – – (69) (111) –
 Foreigncurrencytranslation
  effects  (1,597) 227 (214) (533) 416 (1,701) 4,174
Balanceattheendofperiod $ 25,174 353 2,256 1,079 1,684 30,546 35,971
1 AsofDecember31,2013and2012,“Others”includesthecarryingamountofinternal-usesoftwareofapproximately$984and$204,respectively.Capitalized
directcosts incurredinthedevelopmentstageof internal-usesoftware,such as professional fees,directlaborand relatedtravelexpenses,amountedto
approximately$562in2013,$352in2012and$501in2011.
[75]