Accounts Receivable, Net

3 Months Ended

Mar. 31, 2012

Receivables [Abstract]

Accounts Receivable Disclosure

3.       Accounts receivable, net

Accounts receivable at March 31, 2012 of $921.2 million(December 31, 2011: $845.0 million), are stated net of a provision for discounts and doubtful accounts of $32.7 million (December 31, 2011: $31.1 million).

Provision for discounts and doubtful accounts:

	2012	2011
	$’M	$’M
	_____________	_____________
As at January 1,	31.1	23.4
Provision charged to operations	65.4	50.4
Provision utilization	(63.8)	(54.3)
	_____________	_____________
As at March 31,	32.7	19.5
	_____________	_____________

At March 31, 2012 accounts receivable included $54.8 million (December 31, 2011: $73.3 million) related to royalty income.