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Investments (Tables)
6 Months Ended
Jun. 30, 2013
Investments [Abstract]  
Fair Value Of The Availabe-For-Sale Equity Securities Recognized In The Balance Sheet On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using:

               

 

 

 

Quoted Prices

 

 

 

 

   

 

 

 

in Active

 

Significant

 

 

   

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical 

 

 Observable

 

 Unobservable

June 30, 2013: 

 

 

 

 Assets

 

Inputs

 

Inputs

Assets: 

 

Fair Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale equity securities

 

 

 

 

 

 

 

 

Cement industry

 

 $

11,404,329 

 

11,404,329 

 

$

 

$

General building materials industry

 

 

5,348,821 

 

 

5,348,821 

 

 

 

 

Oil and gas refining and marketing industry

 

 

4,830,060 

 

 

4,830,060 

 

 

 

 

Residential construction industry

 

 

553,924 

 

 

553,924 

 

 

 

 

Total assets measured at fair value

 

$

22,137,134 

 

$

22,137,134 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

 

Quoted Prices

 

 

 

 

   

 

 

 

in Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical 

 

 Observable

 

 Unobservable

December 31, 2012:

 

 

 

 Assets

 

Inputs

 

Inputs

Assets:                

 

Fair Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale equity securities

 

 

 

 

 

 

 

 

 

 

 

 

Cement industry

 

$

12,477,760 

 

$

12,477,760 

 

$

 

$

General building materials industry

 

 

5,751,005 

 

 

5,751,005 

 

 

 

 

Oil and gas refining and marketing industry

 

 

6,532,981 

 

 

6,532,981 

 

 

 

 

Total assets measured at fair value

 

$

24,761,746 

 

$

24,761,746 

 

$

 

$

 

Schedule Of Unrealized Losses From Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale equity securities

 

Less than 12 Months

 

12 Months or Greater

 

Total 

 

 

 

 

Unrealized

 

 

 

Unrealized

 

 

 

Unrealized

June 30, 2013

 

Fair Value

 

Losses

 

Fair Value

 

Losses

 

Fair Value

 

Losses

   Residential construction industry

 

$

553,924 

 

$

52,050 

 

$

 

$

 

$

553,924 

 

$

52,050 

Total

 

$

553,924 

 

$

52,050 

 

$

 

$

 

$

553,924 

 

$

52,050 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

   Cement industry

 

$

 

$

 

$

15,379 

 

$

2,737 

 

$

15,379 

 

$

2,737 

Total

 

$

 

$

 

$

15,379 

 

$

2,737 

 

$

15,379 

 

$

2,737 

 

Schedule Of Available-For-Sale Securities Investments Results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

Amortized

   

Gross Unrealized Holding

   

Fair

June 30, 2013

   

Cost

   

Gains

   

Losses

   

Value

Available-for-sale equity securities

   

 

   

 

   

 

   

 

Cement industry

   

$

2,940,000 

   

$

8,465,000 

   

$

   

$

11,405,000 

General building materials industry

   

   

3,600,000 

   

   

1,750,000 

   

   

   

   

5,350,000 

Oil and gas refining and marketing industry

   

   

340,000 

   

   

4,490,000 

   

   

   

   

4,830,000 

Residential construction industry

 

 

610,000 

 

 

 

 

55,000 

 

 

555,000 

Total available-for-sale equity securities

   

$

7,490,000 

   

$

14,705,000 

   

$

55,000 

   

$

22,140,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross unrealized gains, net of losses

 

 

 

 

$

14,650,000 

 

 

 

 

 

 

Less: Deferred taxes on unrealized holding gains

   

   

5,860,000 

   

   

   

   

   

   

Unrealized gains recorded in equity, net of deferred tax

 

8,790,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized

   

Gross Unrealized Holding

   

Fair

December 31, 2012

   

Cost

   

Gains

   

Losses

   

Value

Available-for-sale equity securities

   

 

   

 

   

 

   

 

Cement industry

   

$

4,190,000 

   

$

8,290,000 

   

$

   

$

12,480,000 

General building materials industry

   

   

3,600,000 

   

   

2,150,000 

   

   

   

   

5,750,000 

Oil and gas refining and marketing industry

   

   

470,000 

   

   

6,060,000 

   

   

   

   

6,530,000 

Total available-for-sale equity securities

   

$

8,260,000 

   

$

16,500,000 

   

$

   

$

24,760,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross unrealized gains

 

 

 

 

$

16,500,000 

 

 

 

 

 

 

Less: Deferred taxes on unrealized holding gains

   

   

6,600,000 

   

   

   

   

   

   

Unrealized gains recorded in equity, net of deferred tax

   

$

9,900,000 

 

 

 

 

 

 

 

Investment-related cash flow information

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

 

Proceeds from sale of equity securities

$

5,262,458 

 

$

6,799,194 

 

Realized gain on equity securities

 

$

3,881,872 

 

$

4,173,141 

 

Payment for purchases of equity securities

 

$

605,974 

 

$