Accounts Receivable, Net

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts Receivable

Accounts receivable at June 30, 2016 of $2,412.4 million(December 31, 2015: $1,201.2 million), are net of reserve for discounts and allowances of $124.4 million (December 31, 2015: $55.8million).

Reserve for discounts and allowances:

	2016	2015
	$’M	$’M
	_____________	_____________
As of January 1,	55.8	48.5
Provision charged to operations	269.6	186.6
Payments/credits related to sales	(201.0)	(181.6)
	_____________	_____________
As of June 30,	124.4	53.5
	_____________	_____________

As ofJune 30, 2016 accounts receivable included $100.0million(December 31, 2015: $79.0million) related to royalty income.