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ENAV S.p.A. Financial Statement

Other information

30 Related Parties

ENAV’s related parties are identified in accordance with IAS 24 and refer to the
transactions carried out in the Company’s interest. These form part of ordinary
operations and unless stated otherwise are conducted under market conditions.
Related parties are identified as those internal ENAV and external to ENAV.
External related parties are the controlling and supervisory Ministries, namely the
Ministry of the Economy and Finance (MEF) and the Ministry of Infrastructure and
Transport (MIT), in addition to the entities subject to the control of the Ministry of
the Economy and Finance. Relations with the controlling and supervisory Ministries
are based on regulations and refer to: i) the rendering of flight assistance services
referring to exempt flights and charged to the Ministry of the Economy and Finance;
ii) safety services on systems contributed by the Ministry pursuant to Law 248/05,
in addition to the funding of investments at airports in Southern Italy recognised by
the Authority managing the PON Networks and Mobility.
Internal related parties consist of direct and indirect subsidiaries. The transactions
carried out by the Company with its subsidiaries mainly relate to the following:
• the exchange of goods with and the provision of services to the subsidiaries Techno

Sky, ENAV Asia Pacific and the SICTA Consortium;
• commercial relations with the subsidiary Techno Sky settled through a non-interest

bearing intercompany current account.
More specifically, Techno Sky essentially provides ENAV with services associated
with the maintenance of flight assistance systems and equipment, as well as the
maintenance of civil infrastructure not connected with operating functions.
The balance sheet items referring to related parties for the 2015 and 2014 financial
periods respectively are detailed below.

232 ENAV - Annual financial report 2015