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ENAV S.p.A. Financial Statement

0.1%; iv) the terminal inflation balance calculated using the same method as for the
route, for a total of € 957 thousand; v) the meteorological balance on the first charge
category for € 46 thousand.

21. Other current and non-current liabilities

Other liabilities consist of the items shown in the following table, broken down between
the current and the non-current portion:

31.12.2015 31.12.2014 Change

ChargeStabilization Current Non-current Current Non-current Current Non-current
Provision portion portion portion portion portion portion

Amounts on account 0 0 0 20.304 0 (20.304)
Other payables
Grants 80.223 0 67.014 0 13.209 0
Total 88.068 0 48.901 0 39.167 0
112.788 122.225 (9.437)
8.848 112.788 9.721 142.529 (873) (29.741)
177.139 125.636 51.503

The Charge Stabilization Provision was created in 2003, with the approval of the
2002 financial statements by the shareholders’ meeting held on 09 May 2003, with
the allocation of the Tax receivable settlement reserve (Law 289/02) for € 72,697
thousand. The provision increased in subsequent years following allocation by the
Shareholders’ Meeting of a part of ENAV’s net income for the year and has been
used solely for business purposes. With the Shareholders’ Meeting held in August
2013, the provision’s validity was extended to the period 2013/2015 with the aim of
supporting the market by introducing a price control mechanism for the costs to be
borne by carriers for flight assistance services.
In 2015, the Charge Stabilization Provision came to a nil balance, when the entire
amount of € 20,304 thousand was utilised, to reduce the third category terminal
charge as decided at the time of calculating the relevant charge.
The item deposits totals € 80,223 thousand and refers for € 71,499 thousand to the
balance payable to the Italian Air Force (Aeronautica Militare Italiana (AMI)) for the
its portion collections in 2015 for en-route and terminal services and for € 8,724
thousand for the payable to ENAC on the relevant collections relating to the same
services.
The payable to AMI for en-route services amounts to € 61,579 thousand (€ 52,413
thousand at 31 December 2014) and will offset the receivable due from the Ministry
of the Economy and Finance (MEF) to the full extent of the amount, and with
the remaining portion charged to other current liabilities and subject to payment
after the approval of the financial statements. The payable to AMI for terminal
services amounts to € 9.920 thousand (€ 10,415 thousand at 31 December 2014)
and in accordance with Law 183/2011 that came into effect on 1 July 2012, the
portion referring to terminal charges revenue is paid to the Air Force in two annual

ENAV - Annual financial report 2015 219