Accounts Receivable, Net

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts receivable, net

Accounts receivable at September 30, 2014 of $1,079.3 million(December 31, 2013: $961.2 million), are stated net of a provision for discounts and doubtful accounts of $46.2 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	228.1	225.3
Provision utilization	(229.8)	(215.4)
	_____________	_____________
As at September 30,	46.2	51.6
	_____________	_____________

At September 30, 2014 accounts receivable included $36.0million (December 31, 2013: $37.8 million) related to royalty income