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ENAV Group Consolidated Financial Statements

on network data traffic management; iv) a decrease in cleaning costs following the
new contracts signed in 2015; v) the decrease in the costs for professional services,
which in the previous period had initially been classified under property, plant and
equipment and intangible assets, and then reclassified as an expense following the
transition to international accounting standards, given that they did not have the
prerequisites to be recognised under those items.
Leases and rentals have decreased by € 1,066 thousand due to the termination of
rental contracts for certain properties following the transfer of staff to the new
offices located in the same area of the Area Control Centre at Ciampino, starting
from 1 October 2014.

27. Personnel costs

Personnel costs amount to € 475,777 thousand and show an increase compared to
the previous period of € 9,579 thousand as seen in the table below:

Wages and salaries. of which: 31.12.2015 31.12.2014 Changes
Fixed remuneration
Variable remuneration 275,239 268,415 6,824
Total wages and salaries 60,428 59,714 714
Social security contributions
Employees’ leaving entitlement 335,667 328,129 7,538
Other costs 108,836 107,091 1,745
Total personnel costs
21,606 20,951 655
9,668 10,027 (359)
466,198 9,579
475,777

The item salaries and wages increased in total by € 7,538 thousand, of which € 6,824
thousand refers to the fixed portion of remuneration for: i) changes in qualification
and an increase in the monthly bonus (“superminimo”) due to the salary restructuring
of CTA personnel that involves around € 1.4 million; ii) increases in remuneration in
accordance with the National Collective Labour Agreements (CCNL) starting from
October 2014, which in the current period refers to around € 2.5 million for the
entire year; iii) normal increases in remunerations with an impact of around € 1.8
million; iv) the hiring of CTA and EAV operational personnel. The variable portion
of remuneration shows an increase of € 714 thousand with a different trend in the
individual components making up the item, which results in a drop in overtime
worked by both operational and administrative personnel and in the vacation time
earned but not taken by employees, due to the parent company’s focus of ensuring
that leave was duly taken by both operational and administrative staff. An increase
was noted on the other hand in the cost items relating to transfer and travelling
allowances due to the start-up of the low traffic volume airports project.

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