CEMEX SAB DE CV | CIK:0001076378 | 3

  • Filed: 4/30/2018
  • Entity registrant name: CEMEX SAB DE CV (CIK: 0001076378)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1076378/000119312518143360/0001193125-18-143360-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1076378/000119312518143360/cx-20171231.xml
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  • ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory

    The reconciliations of the actuarial benefits obligations, pension plan assets, and liabilities recognized in the statement of financial position as of December 31, 2017 and 2016 are presented as follows:

     

                Pensions     Other benefits     Total  
                2017     2016     2017     2016     2017     2016  

    Change in benefits obligation:

                   

    Projected benefit obligation at beginning of the period

         Ps        51,055       42,740       1,164       1,100       52,219       43,840  

    Service cost

            221       151       33       25       254       176  

    Interest cost

            1,625       1,685       76       59       1,701       1,744  

    Actuarial (gains) losses

            727       6,263       (24     35       703       6,298  

    Additions through business combinations

            2,801       —         271       —         3,072       —    

    Settlements and curtailments

            —         —         —         (19     —         (19

    Plan amendments

            15       8       —         —         15       8  

    Benefits paid

            (2,920     (2,379     (81     (74     (3,001     (2,453

    Foreign currency translation

            1,386       2,587       (3     38       1,383       2,625  
         

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Projected benefit obligation at end of the period

            54,910       51,055       1,436       1,164       56,346       52,219  
         

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Change in plan assets:

                   

    Fair value of plan assets at beginning of the period

            28,828       25,547       26       24       28,854       25,571  

    Return on plan assets

            932       974       2       2       934       976  

    Actuarial (gains) losses for the period

            707       2,278       (1     1       706       2,279  

    Employer contributions

            1,494       1,289       81       93       1,575       1,382  

    Additions through business combinations

            2,841       —         —         —         2,841       —    

    Reduction for disposal of assets

            (4     —         —         —         (4     —    

    Settlements and curtailments

            —         —         —         (19     —         (19

    Benefits paid

            (2,920     (2,379     (81     (74     (3,001     (2,453

    Foreign currency translation

            787       1,119       1       (1     788       1,118  
         

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Fair value of plan assets at end of the period

            32,665       28,828       28       26       32,693       28,854  
         

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Amounts recognized in the statements of financial position:

                   

    Net projected liability recognized in the statement of financial position

         Ps        22,245       22,227       1,408       1,138       23,653       23,365