Accounts Receivable, Net

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts receivable, net

Accounts receivable at June 30, 2014 of $1,051.5 million(December 31, 2013: $961.2 million), are stated net of a provision for discounts and doubtful accounts of $45.3 million (December 31, 2013: $47.9million).

Provision for discounts and doubtful accounts:

	2014	2013
	$’M	$’M
	_____________	_____________
As at January 1,	47.9	41.7
Provision charged to operations	163.1	150.8
Provision utilization	(165.7)	(150.7)
	_____________	_____________
As at June 30,	45.3	41.8
	_____________	_____________

At June 30, 2014 accounts receivable included $29.4 million (December 31, 2013: $37.8 million) related to royalty income