As of December 31, 2017 and 2016, assets held for sale, which are measured at the lower of their estimated realizable value, less costs to sell, and their carrying amounts, as well as liabilities directly related with such assets are detailed as follows:
2017 | 2016 | |||||||||||||||||||||||||||||||
Assets | Liabilities | Net assets | Assets | Liabilities | Net assets | |||||||||||||||||||||||||||
Concrete Pipe Division (note 4.2) |
Ps | — | — | — | Ps | 9,426 | 642 | 8,784 | ||||||||||||||||||||||||
Fairborn cement plant (note 4.3) |
— | — | — | 5,957 | 164 | 5,793 | ||||||||||||||||||||||||||
Investment in shares of GCC (note 13.1)1 |
— | — | — | 3,882 | — | 3,882 | ||||||||||||||||||||||||||
Idle assets in Andorra, Spain |
580 | — | 580 | 560 | — | 560 | ||||||||||||||||||||||||||
Concrete pumping equipment (note 4.3) |
— | — | — | 213 | — | 213 | ||||||||||||||||||||||||||
Other assets held for sale |
798 | — | 798 | 991 | 9 | 982 | ||||||||||||||||||||||||||
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Ps | 1,378 | — | 1,378 | Ps | 21,029 | 815 | 20,214 | |||||||||||||||||||||||||
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1 | During 2017, in separate transactions, CEMEX sold the direct investment in 23% of GCC’s common stock it maintained for sale (note 13.1). |