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ENAV Group Consolidated Financial Statements

38. remuneration payable to the audit firm and to directors and
statutory auditors

Total charges of € 477 thousand were paid to the auditing firm, and includes the
relevant charges paid to the firm during the financial period for audit services and for
other assurance services.
Emoluments to Directors and StatutoryAuditors amount to a total of € 420 thousand,
as per the table below:

Directors 31.12.2015 31.12.2014 Change
Statutory auditors 311 387 (76)
Total 109 109 0
420 496 (76)

The fees to Directors include the emolument to the Board of Directors, with the
exception of the compensation for representatives of the Ministry of the Economy
and Finance and the Ministry of Infrastructure and Transport, which are reversed in
the case of an employment relationship existing with the above Ministries.

39. Subsequent events

On 2 March 2016 the Shareholders’ Meeting of ENAV passed a resolution for a
voluntary reduction of the Company’s share capital pursuant to article 2445 of the
Italian civil code for an amount of 400 million Euros by constituting a specific equity
reserve. Following this operation, the share capital stands at € 541.7 million.

154 ENAV - Annual financial report 2015