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ENAV S.p.A. Financial Statement

Cash flow Total reserves Retained earnings/ Net income Total equity
hedge reserve 41.060.671 (accumulated losses) for the year 1.294.812.114
2.526.380 51.180.234
(486.257) 0 80.826.824 0
0 0 (51.180.234) (16.500.000)
0 48.653.854 (31.501.221)
0 0
(16.500.000)
1.833.849 0
0 (31.501.221)

1.347.592 (1.964.391) 0 0 (1.964.391)
0 0 0 38.827.033 38.827.033
0 81.479.457 38.827.033 1.283.673.535
0 41.622.660 36.885.681 (38.827.033)
0 1.941.352 0 0
0 (36.000.000) 0 0
1.345.214 0 0 0 (36.000.000)
0 0 0 (180.000.000)

2.692.806 2.514.625 0 0 2.514.625
0 0 49.817.458 49.817.458
82.365.138 49.817.458 1.120.005.618
46.078.637

ENAV - Annual financial report 2015 171