Accounts Receivable, Net

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Accounts Receivable Disclosure

4.Accounts receivable, net

Accounts receivable at June 30, 2013 of $915.2 million(December 31, 2012: $824.2 million), are stated net of a provision for discounts and doubtful accounts of $41.8 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	150.8	135.0
Provision utilization	(150.7)	(129.5)
	_____________	_____________
As at June 30,	41.8	36.6
	_____________	_____________

At June 30, 2013 accounts receivable included $34.8 million (December 31, 2012: $38.5 million) related to royalty income.