Accounts Receivable, Net

12 Months Ended

Dec. 31, 2012

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts receivable, net

Accounts receivable at December 31, 2012 of $824.2 million(December 31, 2011: $845.0million), are stated net of a provision for discounts and doubtful accounts of $41.7 million (December 31, 2011: $31.1million, December 31, 2010: $23.4 million).

Provision for discounts and doubtful accounts:

	2012	2011	2010
	$’M	$’M	$’M
	_____________	_____________	_____________
As at January 1,	31.1	23.4	20.8
Provision charged to operations	283.3	240.8	178.1
Provision utilization	(272.7)	(233.1)	(175.5)
	_____________	_____________	_____________
As at December 31,	41.7	31.1	23.4
	_____________	_____________	_____________

At December 31, 2012 accounts receivable included $38.5 million (December 31, 2011: $73.3 million) related to royalty income.