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2001-12-31_REPORT - M2002004
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2001-12-31_REPORT - M2002004
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Last modified
8/24/2016 2:18:34 PM
Creation date
11/3/2010 9:58:55 AM
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Template:
DRMS Permit Index
Permit No
M2002004
IBM Index Class Name
REPORT
Doc Date
12/31/2001
Doc Name
2001 Annual Report
From
GCC
To
DMG
Media Type
D
Archive
No
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There are three major investment projects. These are as follows: <br />• Investment made to obtain permits to build a cement plant in the United States. <br />Introduction of the alternative cement production system through the use of carbon (so-called "Carbon Project'). The total <br />investment is estimated at USD 25.4 million. <br />• Construction of the aggregates plant (so-called "Aggregates Project'). The total investment is estimated at USD 8.8 million. <br />This and the "Carbon Project" are expected to be completed during the first half of 2002. <br />The Company capitalized in machinery and equipment, the comprehensive financing cost of Ps. 47.887, which is expected to be <br />amortized in twenty-four years. <br />Depreciation and amortization charged to operations of the years ended at December 31, 2001 and 2000 was Ps. 271,3o8 and Ps. <br />194,481, respectively. <br />Depreciation was computed considering the estimated remaining useful lives of the assets determined by management. Such <br />lives are as follows: <br />Estimated remaining useful life <br />_ December 31, 2001 <br />Buildings 32 years <br />Machinery and equipment 16 years <br />Furniture and fixtures 6 years <br />Automotive equipment 6 years <br />6 Cale Asseft <br />Other assets consist of the following at December 31: <br />2001 2000 <br />Goodwill, net of accumulated amortization of Ps.25,107 and <br />Psm,818 at December 31, 2001 and 2000, respectively Ps. 349,283 Ps. 25,384 <br />Preoperating expenses and software licenses 37,055 31.909 <br />Systems development 31,447 <br />Intangible asset 17,227 19,630 <br />Slow-moving spare parts inventories 1,159 9,430 <br />Other assets 25,331 33,874 <br />Ps. 461,502 Ps. 120,227 <br />Goodwill is being amortized by the straight-line method over a period of 15 to 20 years. <br />(Thousands of Mexican pesos with purchasing power at December 31, 2001 and thousands of <br />U.S. dollars, except for per share values and exchange rates)
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