Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

The most significant closing exchange rates and the approximate average exchange rates for statement of financial position accounts and statement of operations accounts as of December 31, 2017, 2016 and 2015, were as follows:


	2017				2016				2015
Currency	Closing		Average		Closing		Average		Closing		Average
Dollar		19.6500		18.8800		20.7200		18.7200		17.2300		15.9800
Euro		23.5866		21.4122		21.7945		20.6564		18.7181		17.6041
British Pound Sterling		26.5361		24.4977		25.5361		25.0731		25.4130		24.3638
Colombian Peso		0.0066		0.0064		0.0069		0.0062		0.0055		0.0058
Egyptian Pound		1.1082		1.0620		1.1234		1.8261		2.2036		2.0670
Philippine Peso		0.3936		0.3747		0.4167		0.3927		0.3661		0.3504

Summary of Maximum Average Useful Lives of Fixed Assets

As of December 31, 2017, the average useful lives by category of fixed assets were as follows:


	Years
Administrative buildings		35
Industrial buildings		30
Machinery and equipment in plant		17
Ready-mix trucks and motor vehicles		9
Office equipment and other assets		6

Summary of Statutory Tax Rates

For the years ended December 31, 2017, 2016 and 2015, the statutory tax rates in CEMEX’s main operations were as follows:


Country	2017	2016	2015
Mexico	30.0%	30.0%	30.0%
United States	35.0%	35.0%	35.0%
United Kingdom	19.3%	20.0%	20.3%
France	34.4%	34.4%	38.0%
Germany	28.2%	28.2%	29.8%
Spain	25.0%	25.0%	28.0%
Philippines	30.0%	30.0%	30.0%
Colombia	40.0%	40.0%	39.0%
Egypt	22.5%	22.5%	22.5%
Switzerland	9.6%	9.6%	9.6%
Others	7.8% – 39.0%	7.8% – 39.0%	7.8% – 39.0%