Accounts Receivable, Net

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Accounts Receivable Disclosure

5.Accounts receivable, net

Accounts receivable at March 31, 2015 of $1,116.3 million(December 31, 2014: $1,035.1 million), are stated net of a provision for discounts and doubtful accounts of $46.7 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	80.8	80.7
Provision utilization	(82.6)	(81.2)
	_____________	_____________
As at March 31,	46.7	47.4
	_____________	_____________

At March 31, 2015 accounts receivable included $57.2million (December 31, 2014: $59.0million) related to royalty income.