Accounts Receivable, Net

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Accounts Receivable Disclosure

5.Accounts Receivable, net

Accounts receivable at March 31, 2016 of $1,312.7 million(December 31, 2015: $1,201.2 million), are stated at the invoiced amount and net of reserve for discounts and doubtful accounts of $81.9 million (December 31, 2015: $55.8million).

Reserve for discounts and doubtful accounts:

	2016	2015
	$’M	$’M
	_____________	_____________
As of January 1,	55.8	48.5
Provision charged to operations	149.4	80.8
Payments/credits related to sales	(123.3)	(82.6)
	_____________	_____________
As of March 31,	81.9	46.7
	_____________	_____________

At March 31, 2016 accounts receivable included $89.1 million(December 31, 2015: $79.0million) related to royalty income.