Cemex Latam Holdings Ord

En Peso Colombia en miles

Analisis Analisis
vertical vertical
No Consolidado 31/12/2015 2015 31/12/2016 2016
DIVERSOS
Metodo Contable IFRS IFRS

ACTIVO
Activo total 4,688,556,149 100% 4,932,102,814 100%
Activo Corriente 71,074,089 2% 237,691,806 5%
Total de activos corrientes distintos de los activo o grupos
de activos para su disposicion clasificados como
mantenidos para la venta o como mantenidos para 71,074,089 2% 237,691,806 5%
distribuir a los propietarios

Efectivo 2,113,294 0% 2,750,629 0%

Creditos Comerciales CP 311,798 0% 109,449 0%
Cuen cob circ part relac 6,686,325 0% 232,841,482 5%
Activos por impuestos corrientes, corrientes 1,785,749 0% 1,990,246 0%
Activo no Corriente 4,617,482,060 98% 4,694,411,008 95%
Propiedades, planta y equipo neto 0 0% 0 0%
Inversiones 4,617,482,060 98% 4,694,402,368 95%
Creditos Comerciales LP 0 0% 8,641 0%

PASIVO
Pasivo + patrimonio neto 4,688,556,149 100% 4,932,102,814 100%
Pasivo total 558,070,337 12% 700,747,991 14%
Pasivo Corriente 11,561,704 0% 113,999,899 2%
Total de pasivos corrientes distintos de los pasivos
incluidos en grupos de activos para su disposicion 11,561,704 0% 113,999,899 2%
clasificados como mantenidos para la venta
Prov y otr cnt por pg CP 2,579,416 0% 2,609,497 0%
Pas con partes relac CP 94,235,292 2% 105,508,952 2%
Impuestos gravamenes 1,880,234 0% 5,881,450 0%
Otros pasivos financieros corrientes 0 0% 0 0%
Pasivo no Corriente 442,453,293 9% 586,748,092 12%
Pas con partes relac LP 442,453,293 9% 586,748,092 12%
Patrimonio neto consolidado 4,130,485,812 88% 4,231,354,824 86%
Patrimonio neto (participacion controladora) 4,130,485,812 88% 4,231,354,824 86%
Capital emitido 2,261,709,994 48% 2,068,369,470 42%
Acciones propias en cartera 465,614,495 10% 0 0%
Prima de emision 2,817,833,959 60% 2,156,418,407 44%
Utilidad del Ejercicio 300,746,040 6% 402,568,265 8%
Utilid Acumuladas Ant 1,975,964,880 42% 2,082,088,053 42%
Otras participaciones en el patrimonio -2,760,154,565 -59% -2,478,089,370 -50%
 Analisis Analisis
Analisis Horizontal vertical Analisis Horizontal vertical
Valor absoluto Valor relativo 31/12/2017 2016 - 2017 Valor absoluto Valor relativo 31/12/2018 2017 - 2018

IFRS IFRS

243,546,665 5.19% 5,232,629,008 100% 300,526,194 123.40% 5,546,787,041 100%

166,617,717 234.43% 54,344,608 1% -183,347,198 -110.04% 9,385,278 0%

166,617,717 234.43% 54,344,608 1% -183,347,198 -110.04% 9,385,278 0%

637,335 30.16% 1,793,384 0% -957,245 -150.20% 1,364,895 0%

-202,348 -64.90% 47,744 0% -61,705 30.49% 84,494 0%
226,155,157 3382.35% 49,752,232 1% -183,089,250 -80.96% 4,247,423 0%
204,496 11.45% 2,751,248 0% 761,002 372.13% 3,688,466 0%
76,928,949 1.67% 5,178,284,400 99% 483,873,392 628.99% 5,537,401,763 100%
0 0 0% 0 0 0%
76,920,308 1.67% 5,178,275,448 99% 483,873,080 629.06% 5,537,369,266 100%
8,641 8,952 0% 311 3.60% 32,498 0%

243,546,665 5.19% 5,232,629,008 100% 300,526,194 123.40% 5,546,787,041 100%

142,677,654 25.57% 631,098,096 12% -69,649,895 -48.82% 632,173,868 11%
102,438,195 886.01% 32,865,776 1% -81,134,123 -79.20% 90,157,814 2%

102,438,195 886.01% 32,865,776 1% -81,134,123 -79.20% 90,157,814 2%

30,082 1.17% 3,446,520 0% 837,023 2782.52% 3,792,458 0%

11,273,660 11.96% 13,445,904 0% -92,063,048 -816.62% 72,833,397 1%
4,001,216 212.80% 15,973,352 0% 10,091,902 252.22% 13,531,959 0%
0 0 0% 0 0 0%
144,294,799 32.61% 598,232,320 11% 11,484,228 7.96% 542,016,053 10%
144,294,799 32.61% 598,232,320 11% 11,484,228 7.96% 542,016,053 10%
100,869,011 2.44% 4,601,530,912 88% 370,176,089 366.99% 4,914,613,174 89%
100,869,011 2.44% 4,601,530,912 88% 370,176,089 366.99% 4,914,613,174 89%
-193,340,525 -8.55% 2,142,882,016 41% 74,512,546 -38.54% 2,333,723,469 42%
-465,614,495 -100.00% 0 0% 0 0.00% 0 0%
-661,415,552 -23.47% 2,237,591,192 43% 81,172,785 -12.27% 2,442,538,098 44%
101,822,225 33.86% 149,277,584 3% -253,290,681 -248.76% 203,941,311 4%
106,123,173 5.37% 2,574,165,504 49% 492,077,451 463.69% 2,951,237,714 53%
282,065,195 -10.22% -2,502,385,384 -48% -24,296,014 -8.61% -3,016,827,419 -54%
 Economatica

Analisis
Analisis Horizontal vertical Analisis Horizontal
Valor absoluto Valor relativo 31/12/2019 2018 - 2019 Valor absoluto Valor relativo

IFRS

314,158,033 104.54% 6,193,963,085 100% 647,176,044 206.00%

-44,959,330 24.52% 88,154,717 1% 78,769,439 -175.20%

-44,959,330 24.52% 88,154,717

1% 78,769,439 -175.20%
-428,489 44.76% 978,484 0% - 386,411 90.18%
36,750 -59.56% 101,706 0% 17,213 46.84%
-45,504,809 24.85% 82,476,706 1% 78,229,283 -171.91%
937,218 123.16% 4,597,821 0% 909,355 97.03%
359,117,363 74.22% 6,105,808,368 99% 568,406,605 158.28%
0 890,806 0% 890,806
359,093,818 74.21% 6,104,882,491 99% 567,513,225 158.04%
23,546 7564.09% 35,071 0% 2,574 10.93%

314,158,033 104.54% 6,193,963,085 100% 647,176,044 206.00%

1,075,772 -1.54% 798,081,459 13% 165,907,591 15422.20%
57,292,038 -70.61% 35,316,598 1% - 54,841,217 -95.72%

57,292,038 -70.61% 35,316,598

1% - 54,841,217 -95.72%
345,938 41.33% 3,426,446 0% - 366,012 -105.80%
59,387,493 -64.51% 30,529,393 0% - 42,304,004 -71.23%
-2,441,393 -24.19% 1,153,839 0% - 12,378,120 507.01%
0 206,919 0% 206,919
-56,216,267 -489.51% 762,764,861 12% 220,748,808 -392.68%
-56,216,267 -489.51% 762,764,861 12% 220,748,808 -392.68%
313,082,262 84.58% 5,395,881,626 87% 481,268,452 153.72%
313,082,262 84.58% 5,395,881,626 87% 481,268,452 153.72%
190,841,453 256.12% 2,518,539,862 41% 184,816,393 96.84%
0 0 0% -
204,946,906 252.48% 2,645,297,338 43% 202,759,240 98.93%
54,663,727 -21.58% 15,666,260 0% - 188,275,051 -344.42%
377,072,210 76.63% 3,385,806,079 55% 434,568,365 115.25%
-514,442,035 2117.39% -3,169,427,914 -51% - 152,600,495 29.66%
EST RESULT
Meses 12 12
Origen de los datos divulgado divulgado

+Ingresos netos 440,658,095 383,754,537

-Costo de ventas 0 0
=Ganancia bruta 440,658,095 383,754,537
+Otros Ingresos 0 0
-Gastos de admin y comerc 238,528,260 201,968,189
-Otros Gastos 626,745 553,006
=Ganancias (perdidas) de actividades operacionales EBIT 201,503,091 181,233,342
+Gan (per) posic mon neta 0 0
+Ingresos financieros 144,876 66,246
-Gastos Financieros 31,680,519 39,836,599
+Otr in(ga) subs, neg cjt 161,552,064 321,820,736
=Ganancia (perdida), antes de impuestos 331,519,511 463,283,724
-Gasto por impuestos a las ganancias 30,773,471 60,715,459
=Ganancia (perdida) procedente de operaciones continuadas 300,746,040 402,568,265
=Utilidad consolidada 300,746,040 402,568,265
=Ganancia (perdida) neta 300,746,040 402,568,265
 12 12
divulgado divulgado

326,115,392 278,614,067
0 0
326,115,392 278,614,067
0 29,248
199,957,840 210,122,336
295,416 0
125,862,136 68,520,979
-1,214,488 -61,745
0 0
41,116,536 38,418,545
102,661,536 198,588,973
186,192,648 228,629,662
36,915,064 24,688,351
149,277,584 203,941,311
149,277,584 203,941,311
149,277,584 203,941,311
 12
divulgado

221,021,579
0
221,021,579
28,057
202,353,233
0
18,696,403
-213,934
0
41,152,429
52,564,565
29,894,606
14,228,345
15,666,260
15,666,260
15,666,260
WACC

spread 5%

11.2%

4,130,485,812 + 5.9% = 558,070,337

4,688,556,149 4,688,556,149

9.87% + 0.70%

WACC= 10.57% ea

EVA= AUIDI - (ANF*CPPC)

EVA= 169,822,572 - 4,688,556,149 * 10.57%

169,822,572 - 495,478,988

EVA= - 325,656,416