Accounts Receivable, Net

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts receivable, net

Accounts receivable at March 31, 2014 of $1,091.2 million(December 31, 2013: $961.2 million), are stated net of a provision for discounts and doubtful accounts of $47.4 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	80.7	76.3
Provision utilization	(81.2)	(73.3)
	_____________	_____________
As at March 31,	47.4	44.7
	_____________	_____________

At March 31, 2014 accounts receivable included $37.2 million (December 31, 2013: $37.8 million) related to royalty income