Restated Consolidated Financial Statements
Years ended December 31, 2010, 2009 and 2008
Desarrolladora Homex, S.A.B. de C.V. and Subsidiaries
Notes to restated consolidated financial statements
for the years ended December 31, 2010 and 2009
(Figures in thousands of Mexican pesos (Ps.), except as otherwise indicated)
7. Inventories

The Company’s policy is to locate and acquire land each year, classifying land currently being developed and land planned to be developed within the next year as part of current assets, and classifying all remaining land as noncurrent assets.

Due to the application of MFRS D-6 during 2010, 2009 and 2008, the net comprehensive financing cost (CFC) related to qualified assets for the same periods was Ps. 965,008, Ps. 563,154 and Ps. 1,250,080, respectively. Total CFC related to inventories sold and subsequently applied to cost of sales was Ps. 758,332 during 2010 (of which Ps. 432,819 is related to the current year CFC and Ps. 325,513 is related to prior years), Ps. 537,431 during 2009 (of which Ps. 239,597 is related to the current year CFC and Ps. 297,834 is related to prior years) and Ps. 662,080 during 2008 (of which Ps. 607,622 is related to 2008 CFC and Ps. 54,458 is related to prior year), respectively. The average period for the amortization of the capitalized comprehensive financing cost is 9 months. The annual capitalization rates are 8.50%, 6.50% and 24.30%, during each of 2010, 2009 and 2008, respectively.

During the years ended December 31, 2010, 2009 and 2008, the net comprehensive
financing cost capitalized in inventories was as follows: