ADP 2012 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2012 ADP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 125

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125

NOTE 8. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2012 and 2011 are as follows:
Depreciation of property, plant and equipment was $146.9 million, $146.3 million, and $152.6 million for fiscal 2012, 2011, and 2010,
respectively.
NOTE 9. ASSETS HELD FOR SALE
In fiscal 2012, the Company reclassified assets related to two buildings as assets held for sale which were previously reported in property, plant
and equipment, net on the Consolidated Balance Sheets. In fiscal 2011, the Company reclassified an additional two buildings as assets held for
sale that were previously reported in property, plant and equipment, net on the Consolidated Balance Sheets. These two buildings were
subsequently sold during fiscal 2012. At June 30, 2010, the Company had $11.8 million classified as assets held for sale on the Consolidated
Balance Sheets relating to two buildings that were subsequently sold during fiscal 2011.
NOTE 10. GOODWILL AND INTANGIBLE ASSETS, NET
Changes in goodwill for the fiscal year ended June 30, 2012 and 2011 are as follows:
In fiscal 2012, 2011, and 2010, the Company performed the required annual impairment tests of goodwill and determined that there was no
impairment.
63
June 30, 2012
2011
Property, plant and equipment:
Land and buildings
$
710.4
$
698.4
Data processing equipment
815.4
791.0
Furniture, leaseholds and other
431.6
462.3
1,957.4
1,951.7
Less: accumulated depreciation
(1,251.1
)
(1,235.5
)
Property, plant and equipment, net $
706.3
$
716.2
Employer
PEO
Dealer
Services
Services
Services Total
Balance as of June 30, 2010
$
1,611.3
$
4.8
$
767.2
$
2,383.3
Additions and other adjustments, net
251.3
-
332.9
584.2
Currency translation adjustments
72.4
-
33.7
106.1
Balance as of June 30, 2011 $
1,935.0
$
4.8
$
1,133.8
$
3,073.6
Additions and other adjustments, net
106.8
-
56.2
163.0
Currency translation adjustments
(60.9
)
-
(20.4
)
(81.3
)
Balance as of June 30, 2012 $
1,980.9
$
4.8
$
1,169.6
$
3,155.3