Page 198 - enav_27052016

ENAV S.p.A. Financial Statement

6. Intangible assets

The following table sets out intangible assets at the beginning and end of the
financial year and changes in 2015.

Cost Patents and Other intangible Assets Total
Accumulated amortization intellectual property assets under formation 151.286
Net book value at 31.12.2014 2.085 (93.321)
Increases rights (1.760) 41.542 57.965
Disposals 107.659 325 0
Reclassifications (91.561) 0 18.038
Impairment losses 16.098 0 41.542 0
Amortization charge 0 10.502
Total changes 7.536 0 (7.928)
Cost 0 (325) 0 (530)
Accumulated amortization 0 (325) (7.928)
Net book value at 31.12.2015 0 2.085 (12.122)
(2.085) (530) (2.542)
(11.797) 0 0 160.866
(4.261) (105.443)
115.195 2.044 55.423
(103.358) 43.586
11.837
0
43.586

Intangible assets amount to € 55,423 thousand and show a decrease of € 2,542
thousand for the year, due mainly to the amortisations recorded during the year.
Patents and intellectual property rights increased by € 7,536 thousand following the
entry into operation of the user licences for management and operating systems
and for software supporting administrative systems and operating software, such
as in particular, the new airborne control planning and management system called
SAPERE, the technological development of the airborne ACS platform with the scope
of Sesar.
Intangible assets under construction amount to € 43,586 thousand and showed a
net increase in the year of € 2,044 thousand. They mainly include the following
investment projects: i) the NOAS (New Operational Area System) programme, to
optimise the systems already developed by the ENAV with the Airnas and Athena
programmes aimed at maintaining Single European Sky certification and to integrate

ENAV - Annual financial report 2015 197