Accounts Receivable, Net

6 Months Ended

Jun. 30, 2012

Receivables [Abstract]

Accounts Receivable Disclosure

3.       Accounts receivable, net

Accounts receivable at June 30, 2012 of $815.4 million(December 31, 2011: $845.0 million), are stated net of a provision for discounts and doubtful accounts of $36.6 million (December 31, 2011: $31.1million).

Provision for discounts and doubtful accounts:

	2012	2011
	$’M	$’M
	_____________	_____________
As at January 1,	31.1	23.4
Provision charged to operations	135.0	114.8
Provision utilization	(129.5)	(109.4)
	_____________	_____________
As at June 30,	36.6	28.8
	_____________	_____________

At June 30, 2012 accounts receivable included $64.4 million (December 31, 2011: $73.3 million) related to royalty income.