As of December 31, 2017 and 2016 other equity reserves are summarized as follows:
| 2017 | 2016 | |||||||||||
|
Cumulative translation effect, net of effects from perpetual debentures and deferred income taxes recognized directly in equity (notes 19.2 and 20.4) |
Ps | 21,288 | 31,293 | |||||||||
|
Cumulative actuarial losses |
(10,931 | ) | (10,934 | ) | ||||||||
|
Effects associated with CEMEX´s convertible securities1 |
3,427 | 4,761 | ||||||||||
|
Treasury shares held by subsidiaries |
(301 | ) | (327 | ) | ||||||||
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| Ps | 13,483 | 24,793 | ||||||||||
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| 1 | Represents the equity component upon the issuance of CEMEX’s convertible securities described in note 16.2, as well as the effects associated with such securities in connection with the change in the Parent Company’s functional currency (note 2.4). Upon conversion of these securities, the balances have been correspondingly reclassified to common stock and/or additional paid-in capital (note 16.1). |