Accounts Receivable, Net

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Accounts Receivable Disclosure

5.Accounts receivable, net

Accounts receivable at September 30, 2015 of $1,296.0 million(December 31, 2014: $1,035.1 million), are stated net of a provision for discounts and doubtful accounts of $55.7 million (December 31, 2014: $48.5million).

Provision for discounts and doubtful accounts:

	2015	2014
	$’M	$’M
	_____________	_____________
As at January 1,	48.5	47.9
Provision charged to operations	293.8	228.1
Provision utilization	(286.6)	(229.8)
	_____________	_____________
As at September 30,	55.7	46.2
	_____________	_____________

At September 30, 2015 accounts receivable included $71.4million (December 31, 2014: $59.0million) related to royalty income.