Cemex 2012 Annual Report Download - page 77

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Notes to the
consolidated
financial
statements
77
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2012 Short-term Long-term 2011 Short-term Long-term
Bank loans Bank loans
Loans in Mexico, 2013 to 2014 $ – 1,088 Loans in Mexico, 2012 to 2014 $ – 1,820
Loans in foreign countries, 2013 to 2018 2 3,770 Loans in foreign countries, 2012 to 2018 16 23,797
Syndicated loans, 2013 to 2017 – 49,972 Syndicated loans, 2012 to 2014 – 71,195
2 54,830 16 96,812
Notes payable Notes payable
Notes payable in Mexico, 2013 to 2017 – 568 Notes payable in Mexico, 2012 to 2017 – 4,647
Medium-term notes, 2013 to 2022 – 120,535 Medium-term notes, 2012 to 2020 – 104,440
Other notes payable, 2013 to 2025 80 2,120 Other notes payable, 2012 to 2025 124 2,432
80 123,223 124 111,519
Total bank loans and notes payable 82 178,053 Total bank loans and notes payable 140 208,331
Current maturities 514 (514) Current maturities 4,533 (4,533)
$ 596 177,539 $ 4,673 203,798
Changes in consolidated debt for the years ended December 31, 2012, 2011 and 2010 were as follows:
2012 2011 2010
Debt at beginning of year $ 208,471 194,394 210,446
Proceeds from new debt instruments 33,468 33,591 12,212
Debt repayments (52,699) (44,368) (29,641)
Issuance of debt in exchange for perpetual notes 4,123 1,491 15,437
Increase (decrease) from business combinations – 1,352 –
Foreign currency translation and inflation effects (15,228) 22,011 (14,060)
Debt at end of year $ 178,135 208,471 194,394
The most representative exchange rates for the financial debt are as follows:
January 31, 2013 2012 2011 2010
Mexican pesos per dollar 12.70 12.85 13.96 12.36
Euros per dollar 0.7363 0.7576 0.7712 0.7499
The maturities of CEMEX’s consolidated long-term debt as of December 31, 2012, were as follows:
2012
2014 $ 7,346
2015 9,797
2016 22,391
2017 62,417
2018 and thereafter 75,588
$ 177,539
As of December 31, 2012, CEMEX had the following lines of credit, the majority of which are subject to the banks’ availability, at
annual interest rates ranging between 2.14% and 10.0%, depending on the negotiated currency:
Lines of
credit Available
Other lines of credit in foreign subsidiaries $ 6,491 4,243
Other lines of credit from banks 456 –
$ 6,947 4,243