Accounts Receivable, Net

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Accounts Receivable Disclosure

5.Accounts receivable, net

Accounts receivable at June 30, 2015 of $1,099.2 million(December 31, 2014: $1,035.1 million), are stated net of a provision for discounts and doubtful accounts of $53.5 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	186.6	163.1
Provision utilization	(181.6)	(165.7)
	_____________	_____________
As at June 30,	53.5	45.3
	_____________	_____________

At June 30, 2015 accounts receivable included $69.8million (December 31, 2014: $59.0million) related to royalty income.