Accounts Receivable, Net

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Accounts Receivable Disclosure

4.Accounts receivable, net

Accounts receivable at March 31, 2013 of $884.4 million(December 31, 2012: $824.2 million), are stated net of a provision for discounts and doubtful accounts of $44.7 million (December 31, 2012: $41.7million).

Provision for discounts and doubtful accounts:

	2013	2012
	$’M	$’M
	_____________	_____________
As at January 1,	41.7	31.1
Provision charged to operations	76.3	65.4
Provision utilization	(73.3)	(63.8)
	_____________	_____________
As at March 31,	44.7	32.7
	_____________	_____________

At March 31, 2013 accounts receivable included $33.2 million (December 31, 2012: $38.5 million) related to royalty income.