Cemex 2012 Annual Report Download - page 68

Notes to the
consolidated
financial
statements
68
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14) Property, machinery and equipment
As of December 31, 2012 and 2011, consolidated property, machinery and equipment and the changes in such line item during
2012, 2011 and 2010, were as follows:
2012
Land and
mineral Machinery Construction
reserves
1 Buildings 1 and equipment 2 in progress Total
Cost at beginning of period $ 81,135 43,824 183,682 14,976 323,617
Accumulated depreciation and depletion (5,817) (11,911) (72,180) – (89,908)
Net book value at beginning of period 75,318 31,913 111,502 14,976 233,709
Capital expenditures 1,339 1,579 4,981 – 7,899
Additions through capital leases – 813 1,212 – 2,025
Capitalization of financial expense – – – 102 102
Total additions 1,339 2,392 6,193 102 10,026
Disposals
3 (1,548) (397) (1,451) 15 (3,381)
Reclassifications
4 (742) (97) (261) (2) (1,102)
Depreciation and depletion for the period (1,116) (1,691) (11,264) – (14,071)
Impairment losses (131) (31) (380) – (542)
Foreign currency translation effects (4,955) (4,476) (2,092) (815) (12,338)
Cost at end of period 75,198 40,316 176,720 14,276 306,510
Accumulated depreciation and depletion (7,033) (12,703) (74,473) – (94,209)
Net book value at end of period $ 68,165 27,613 102,247 14,276 212,301
2011
Land and
mineral Machinery Construction
reserves
1 Buildings 1 and equipment 2 in progress Total 2010
Cost at beginning of period $ 75,149 39,008 165,170 13,016 292,343 310,496
Accumulated depreciation and depletion (4,446) (8,990) (57,636) – (71,072) (64,373)
Net book value at beginning of period 70,703 30,018 107,534 13,016 221,271 246,123
Capital expenditures 74 397 5,472 – 5,943 6,875
Additions through capital leases 4 – 1,515 – 1,519 –
Capitalization of financial expense – – – 115 115 88
Total additions 78 397 6,987 115 7,577 6,963
Disposals
3 (1,251) (654) (1,185) 261 (2,829) (2,797)
Reclassifications
4 – – – – – 1,169
Business combinations (note 15A) 1,157 615 2,388 1,006 5,166 38
Depreciation and depletion for the period (1,461) (1,630) (11,366) – (14,457) (15,337)
Impairment losses (667) (85) (497) – (1,249) (1,161)
Foreign currency translation effects 6,759 3,252 7,641 578 18,230 (13,727)
Cost at end of period 81,135 43,824 183,682 14,976 323,617 292,343
Accumulated depreciation and depletion (5,817) (11,911) (72,180) – (89,908) (71,072)
Net book value at end of period $ 75,318 31,913 111,502 14,976 233,709 221,271
1 Includes corporate buildings and related land sold to financial institutions during 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, 2012 and 2011 was approximately $1,657 and $554, respectively.
2 Includes assets, mainly mobile equipment, acquired in 2012 and 2011 through capital leases, which carrying amount as of December 31, 2012
and 2011 was approximately $2,025 and $1,519, respectively.
3 In 2012, includes sales of non-strategic fixed assets in Mexico, the United Kingdom and the United States for $1,160, $1,129 and $384, respectively.
In 2011, includes sales of non-strategic fixed assets in the United Kingdom, Mexico and the United States for $424, $567 and $968, respectively.
In 2010, includes sales of non-strategic fixed assets in the United States and Mexico for $1,140 and $749, respectively.
4 In 2012, due to decision to dispose of certain components of CGUs in the United States, CEMEX reclassified approximately $1,102 of fixed assets
associated with such CGUs to assets held for sale (note 12). The reclassified assets were recognized at fair value less cost to sale. In 2010, refers
to the capitalization of advances to suppliers of fixed assets during the period.