Equity Accounted Investees, Other Investments and Non-Current Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Main Investments in Common Shares of Associates

As of December 31, 2018 and 2017, the investments in common shares of associates were as follows:


	Activity		Country		%			2018		2017
Camcem, S.A. de C.V.		Cement		Mexico		40.1	Ps		4,087		3,618
Concrete Supply Co. LLC		Concrete		United States		40.0			1,306		1,192
Lehigh White Cement Company		Cement		United States		36.8			1,172		375
Akmenes Cementas AB		Cement		Lithuania		37.8			527		585
ABC Capital, S.A. Institución de Banca Múltiple		Financing		Mexico		—			—		228
Société Méridionale de Carrières		Aggregates		France		33.3			318		367
Société d’Exploitation de Carrières		Aggregates		France		50.0			306		318
Cemento Interoceánico S.A.		Cement		Panama		25.0			160		168
Other companies		—		—		—			1,616		1,721

							Ps		9,492		8,572

Out of which:
Book value at acquisition date							Ps		7,218		6,957
Changes in stockholders’ equity							Ps		2,274		1,615

Summary of Combined Condensed Statement of Financial Position

Combined condensed statement of financial position information of CEMEX’s associates as of December 31, 2018 and 2017 is set forth below:


		2018		2017
Current assets	Ps		16,677		21,527
Non-current assets			32,901		32,071

Total assets			49,578		53,598

Current liabilities			5,685		10,863
Non-current liabilities			17,272		17,730

Total liabilities			22,957		28,593

Total net assets	Ps		26,621		25,005

Summary of Combined Selected Information of the Statements of Operations

Combined selected information of the statements of operations of CEMEX’s associates in 2018, 2017 and 2016 is set forth below:


		2018		2017		2016
Sales	Ps		28,487		28,158		29,791
Operating earnings			4,401		4,458		4,730
Income before income tax			2,182		2,451		3,111
Net income			1,711		1,891		1,860

Summary of Share of Profit of Equity Accounted Investees by Reportable Segment

The share of equity accounted investees by reportable segment in the income statements for 2018, 2017 and 2016 is detailed as follows:


		2018			2017			2016
Mexico	Ps		254			269			452
United States			297			266			253
Europe			134			108			54
Corporate and others			(32	)		(55	)		(71	)

	Ps		653			588			688

Summary of Other Investments and Non-current Accounts Receivable

As of December 31, 2018 and 2017, consolidated other investments and non-current accounts receivable were summarized as follows:


		2018		2017
Non-current accounts receivable¹	Ps		4,329		4,248
Investments at fair value through the income statement²			428		441
Non-current portion of valuation of derivative financial instruments (note 16.4)			297		794
Investments in strategic equity securities³			217		275

	Ps		5,271		5,758

Includes, among other items: a) accounts receivable from investees and joint ventures of Ps1,273 in 2018 and Ps1,301 in 2017; b) advances to suppliers of fixed assets of Ps886 in 2018 and Ps55 in 2017; c) employee prepaid compensation of Ps114 in 2018 and Ps112 in 2017: d) refundable taxes of Ps263 in 2018 and Ps261 in 2017; and e) warranty deposits of Ps246 in 2018 and Ps240 in 2017.

2	Refers to investments in private funds and investments related to employee’ savings funds. In 2018 and 2017, no contributions were made to such private funds.

3	This line item refers mainly to a strategic investment in CPOs of Axtel, S.A.B. de C.V. (“Axtel”). This investment is recognized at fair value through other comprehensive income.