Accounts Receivable, Net

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Accounts Receivable Disclosure

6.Accounts receivable, net

Accounts receivable at December 31, 2015 of $1,201.2 million(December 31, 2014: $1,035.1 million), are stated at the invoiced amount and net of provision for discounts and doubtful accounts of $55.8 million (December 31, 2014: $48.5million, 2013: $47.9 million).

Provision for discounts and doubtful accounts:

	2015	2014	2013
	$’M	$’M	$’M
	_____________	_____________	_____________
As at January 1,	48.5	47.9	41.7
Provision charged to operations	424.2	338.2	306.8
Provision utilization	(416.9)	(337.6)	(300.6)
	_____________	_____________	_____________
As at December 31,	55.8	48.5	47.9
	_____________	_____________	_____________

At December 31, 2015 accounts receivable included $79.0million (December 31, 2014: $59.0million) related to royalty income.