ADP 2008 Annual Report Download - page 50

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NOTE 7. RECEIVABLES
Accounts receivable is net of an allowance for doubtful accounts of $38.4 million and $30.8 million at June 30, 2008 and 2007, respectively.
The Company’ s receivables include notes receivable for the financing of the sale of computer systems, most of which are due from automotive,
heavy truck and powersports dealers. These notes receivable are reflected on the Consolidated Balance Sheets as follows:
Long-term receivables at June 30, 2008 mature as follows:
NOTE 8. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2008 and 2007 are as follows:
50
June 30, 2008 2007
Current
Long-term Current
Long-term
Receivables $177.7 $259.7 $173.6 $249.7
Less:
Allowance for doubtful accounts (4.5)(7.9)(4.8) (8.3)
Unearned income (18.1) (17.8) (16.9) (14.9)
$ 155.1 $ 234.0 $ 151.9 $ 226.5
2010 $129.9
2011 79.3
2012 37.2
2013 12.3
2014 1.0
$259.7
June 30, 2008 2007
Property, plant and equipment:
Land and buildings $ 714.3 $ 684.5
Data processing equipment 747.3 684.0
Furniture, leaseholds and other 407.8 375.8
1,869.4 1,744.3
Less: accumulated depreciation (1,126.5) (1,020.5)
Property, plant and equipment, net $742.9 $723.8