Property, Plant And Equipment

12 Months Ended

Dec. 31, 2012

20. Property, Plant and Equipment


	Land &			Plant &
	Buildings			Equipment			Total
	(In millions)
Cost:
At January 1, 2011	$	375.9		$	319.9		$	695.8
Additions		19.4			9.4			28.8
Impairment		(29.8	)		(14.6	)		(44.4	)
Disposals		(283.3	)		(250.8	)		(534.1	)

At December 31, 2011	$	82.2		$	63.9		$	146.1

Additions		2.7			6.0			8.7
Disposals		(3.4	)		(13.4	)		(16.8	)

At December 31, 2012	$	81.5		$	56.5		$	138.0

Accumulated depreciation and impairment:
At January 1, 2011	$	(167.2	)	$	(241.1	)	$	(408.3	)
Charged in year		(8.6	)		(11.3	)		(19.9	)
Impairment		21.5			12.9			34.4
Disposals		132.6			198.3			330.9

At December 31, 2011	$	(21.7	)	$	(41.2	)	$	(62.9	)

Charged in year		(5.9	)		(4.3	)		(10.2	)
Impairment		(50.1	)		(14.2	)		(64.3	)
Disposals		0.7			11.4			12.1

At December 31, 2012		(77.0	)		(48.3	)		(125.3	)

Net book value: December 31, 2012	$	4.5		$	8.2		$	12.7

Net book value: December 31, 2011	$	60.5		$	22.7		$	83.2

During 2012, we recorded an asset impairment charge of $64.3 million within other net charges in the Consolidated Statement of Operations relating to the planned closure of our facilities in South San Francisco following the separation of the Prothena Business and cessation of the remaining early stage research activities. For additional information on this transaction, refer to Note 12.

On September 16, 2011, we announced the completion of the merger between Alkermes, Inc. and EDT. In connection with this transaction, we disposed of land and buildings with a net book value of $150.7 million and plant and equipment with a net book value of $51.3 million related to EDT. For additional information on this transaction, refer to Note 12.

During 2011, we recorded an asset impairment charge of $10.0 million within other net charges in the Consolidated Statement of Operations relating to a consolidation of facilities in South San Francisco and the closure of EDT’s King of Prussia, Pennsylvania site.

We had no assets acquired under capital leases as of December 31, 2012 or 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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