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ENAV S.p.A. Financial Statement

17. Provisions for risks and charges

The provisions for risks and charges total € 9,924 thousand, of which the current
portion amounts to € 3,812 thousand. The changes during the financial period are
shown in the table below:

31.12.2014 Increases Decreases 31.12.2015
2.959 1.924
Provision for risks from personnel litigation 2.217 185 (1.040) 3.843
Provision for risks from other disputes 3.200 1.792
Provisions for other risks 8.376 3.901 (1.313) 1.089
Total provisions
0 4.992

(2.353) 9.924

The provision for risks from personnel litigation, with a current portion of € 2,908
thousand, decreased during the period for € 1,040 thousand with the termination of
disputes following settlements or cases where the Court found against the Company.
The increase of € 1,924 thousand refers to disputes initiated in 2015 for matters
relating to employment, where the risk of an adverse outcome has been assessed as
being probable. At 31 December 2015, the total amount of judicial claims relating to
pending disputes where the risk of loss has been assessed by the Company’s counsel
as being possible amounts to € 4 million.
The risks provision for other pending disputes, of which the current portion amounts
to € 904 thousand, decreased during the period by € 1,313 thousand subsequent
to two disputes closing, of which one had a favourable outcome for ENAV with
a consequent recognition in the risks provision of the Income Statement for €
670 thousand and another, in which the judgement from the Appeal Court went
against the Company for € 643 thousand. The increase of € 185 thousand refers to a
prudential reserve based on a recent Appeal Court judgement that imposes the above
amount on ENAV. At 31 December 2015, the estimates for the charges associated
with pending disputes, where there is a possible risk of an adverse outcome have

212 ENAV - Annual financial report 2015