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## NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 

(dollar and share amounts in thousands, except per share data) 

## AMDOCS LIMITED 

These instruments are generally short-term in nature, with typical maturities of less than 12 months, and are subject to fluctuations in foreign exchange rates. 

The effect of the Company’s derivative instruments not designated as hedging instruments in the consolidated statements of income for the fiscal years ended September 30, 2013, 2012 and 2011, respectively, which partially offsets the foreign currency impact from the underlying exposure, is summarized as follows: 

<img src='content_image/144225.jpg'>

## Note 7 — Accounts Receivable, Net 

Accounts receivable, net consists of the following: 

<img src='content_image/144227.jpg'>

## Note 8 — Equipment and Leasehold Improvements, Net 

Components of equipment and leasehold improvements, net are: 

<img src='content_image/144226.jpg'>

Total depreciation expense on equipment and leasehold improvements for fiscal years 2013, 2012 and 2011, was $104,624, $107,470 and $113,910, respectively. 

