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Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

11. Property, plant and equipment, net

	December 31,	December 31,
	2011	2010
	$’M	$’M
	____________	____________
Land and buildings	708.0	689.9
Office furniture, fittings and equipment	338.1	304.9
Warehouse, laboratory and manufacturing equipment	271.9	119.4
Assets under construction	81.7	167.7
	____________	____________
	1,399.7	1,281.9
Less: Accumulated depreciation	(467.6)	(428.5)
	____________	____________
	932.1	853.4
	____________	____________

Depreciation expense for the years to December 31, 2011, 2010 and 2009 was $128.1 million, $119.2 million, and $105.0 million respectively.

Purchase of the Lexington Technology Park campus in Lexington, Massachusetts

On June 30, 2010 Shire completed the purchase of certain properties on the Lexington Technology Park campus in Lexington, Massachusetts, some of which the Company had previously leased, for a cash purchase price of $165.0 million. The purchase price of $165.0 million has been allocated to the acquired properties and extinguishment of existing building finance obligations using a relative fair value approach: $121.9 million has been recorded as Property, plant and equipment, being land ($72.1 million) and buildings ($49.8 million). The remaining $43.1 million relates to the extinguishment of existing building finance obligations, and has been applied against the relevant financing obligations (see Note 17).

- 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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