HXM » Topics » Other assets

This excerpt taken from the HXM 20-F filed Jun 29, 2009.

l) Other assets

 

Expenses related to the placement of the various borrowings disclosed in Note 10 are recorded at cost and until December 31, 2007 were restated by applying NCPI factors. These amounts will be amortized under the straight-line method over the respective loan terms. The value assigned to the BETA trademark was restated until December 31, 2007 by applying NCPI factors, and is amortized under the straight-line method over five years for the trademark, which is the estimated useful life.

 

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This excerpt taken from the HXM 20-F filed Jun 30, 2008.

l) Other assets

 

Expenses related to the placement of the loan mentioned in Note 9 are recorded at cost and restated by applying NCPI factors, and will be amortized under the straight-line method over 10 years, which is the respective term. The value assigned to the BETA trademark is restated by applying NCPI factors, and is amortized under the straight-line method over five years for the trademark, which is the estimated useful life.

 

This excerpt taken from the HXM 20-F filed Jun 28, 2007.
Other assets The housing development costs incurred that meet certain requirements and that the Company has determined will have future economic benefits are capitalized and amortized based on the straight-line method over five years. Disbursements that do not meet such requirements, as well as research costs, are recorded in results of the period in which they are incurred. Preoperating costs incurred are recorded directly to results of the period in which they are incurred. Debt issuance costs are capitalized and restated by applying the NCPI. Amortization is calculated using the straight-line method over the term of the loan. The value assigned to the BETA trademark and backlog are restated by applying the NCPI and amortized using the straight-line method over five years for the trademark and between six and nine months for the backlog, which represent their estimated useful lives.

j.                               

This excerpt taken from the HXM 6-K filed May 16, 2007.

9.     Other assets

 
  2006
  2005
Net value of the "BETA" trademark and net value for backlog   Ps. 318,689   Ps. 420,069
Receivables from Proyectos y Servicios Alce Blanco, S.A. de C.V.         48,360
Trade accounts receivable long-term (Note 5)     3,991     31,349
Debt issuance costs, net     79,445     78,605
Intangible asset from employee retirement obligations     21,345     24,215
Deposits in guarantee     24,010     3,870
Investment in associates     1,000     2,466
Other accounts receivable     912     30,413
   
 
    Ps. 449,392   Ps. 639,347
   
 

    Amortization expense for the years ended December 31, 2006 and 2005 was Ps.101,380 and Ps.168,622, respectively.

This excerpt taken from the HXM 20-F filed Jun 29, 2006.
Other assets - Costs incurred in the development phase that meet certain requirements and that the Company has determined will have future economic benefits are capitalized and amortized based on the straight-line method over five years. Disbursements that do not meet such requirements, as well as research costs, are recorded in results of the period in which they are incurred. Preoperating costs incurred are recorded directly to results of the period in which they are incurred. Debt issuance costs are capitalized and restated by applying the NCPI. Amortization is calculated using the straight-line method over the term of the loan. The value assigned to the BETA trademark is restated by applying the NCPI and amortized using the straight-line method over 5 years, which is its estimated useful life.

j.                               

This excerpt taken from the HXM 20-F filed Jun 28, 2005.
Other assets

 

Other assets consist of the following at December 31:

 

 

 

2004

 

2003

 

 

 

 

 

 

 

Accounts receivable due from Proyectos y

 

 

 

 

 

Servicios Alce Blanco, S. A. de C. V.

 

Ps.

46,476

 

Ps.

 

Long-term trade accounts receivable (Note 5)

 

19,560

 

 

Other accounts receivable

 

18,580

 

9,959

 

 

 

 

 

 

 

 

 

Ps.

84,616

 

Ps.

9,959

 

 

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