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ENAV Group Consolidated Financial Statements

13. Current and non-current trade receivables

Current trade receivables amount to € 233,547 thousand and non-current receivables
referring entirely to the receivable for balance amounts to € 124,278 thousand
recording during the period the changes shown in the table below.

31.12.2015 31.12.2014 Change

Current trade receivables 169.184 184.194 (15.010)
Due from Eurocontrol 14.366 14.212 154
Due from the Ministry of Economy and Finance 30.000 30.000 0
Due from the Ministry of Infrastructure and Transport 42.840 42.468 372
Due from other customers 29.029 6.564
Balance receivables 22.465
285.419 277.438 7.981
Bad debts allowance (51.872) (45.052) (6.820)
Total 233.547 232.386 1.161
Non-current trade receivables
Balance receivables 124.278 119.499 4.779
Total 124.278 119.499 4.779

The receivable from Eurocontrol refers to the charges arising from the en-route and
terminal revenues not yet received at 31 December 2015 for € 115,564 thousand
(€ 124,281 thousand at 31 December 2014) and € 53,620 thousand (€ 59,913
thousand at 31 December 2014), respectively.The decrease for the period of € 15,010
thousand refers mainly to the lower turnover recorded for the en-route service, and
a higher receivable collection for the terminal service; in fact, certain receivables
were involved in the payment recovery plans that was fully adhered to by the airline
companies.
The receivable from the Ministry of the Economy and Finance (MEF) for € 14,366
thousand relates entirely to the en-route and terminal exemptions recorded in 2015,
which are in line with the figure from the previous period. The receivable in 2014
for € 14,212 thousand was offset by the Parent Company following the approval of
the 2014 financial statements, with the advance payments relating to the Italian Air
Force (Aeronautica Militare) for the collections referring to the en-route charges that
resulted in a payable to the MEF for € 38,201 thousand under the caption “other
current payables”.
The receivable from the Ministry of Infrastructure and Transport includes the revenue
grant for € 30,000 thousand, aimed at offsetting the cost incurred by the Parent
Company to guarantee the safety of its systems and operational safety, pursuant to
Article 11 septies of Law 248/05. During the month of November, 30 million was
received in relation to the 2014 period.
The item amounts due from other customers includes both the receivable accrued by
the management companies for the services provided by the Group and from other
customers for projects abroad under construction.

110 ENAV - Annual financial report 2015