Accounts Receivable, Net

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Accounts Receivable Disclosure

4.Accounts receivable, net

Accounts receivable at September 30, 2013 of $1,037.8 million(December 31, 2012: $824.2 million), are stated net of a provision for discounts and doubtful accounts of $51.6 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	225.3	214.9
Provision utilization	(215.4)	(196.5)
	_____________	_____________
As at September 30,	51.6	49.5
	_____________	_____________

At September 30, 2013 accounts receivable included $36.9 million (December 31, 2012: $38.5 million) related to royalty income.