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ENAV S.p.A. Financial Statement

Litigation risks
Litigation of a fiscal, administrative, civil and labour nature is followed by the
competent functions of ENAV, which for the preparation of these financial
statements have drawn up a complete and exhaustive description of the various civil,
administrative and labour law proceedings. The Company has carried out a precise
assessment of the risk of an adverse outcome in these proceedings, from which the
need emerged to prudently set up specific provisions for those disputes in which
an adverse outcome is considered probable and is reasonably quantifiable. In those
cases where an adverse outcome is only considered possible, no specific provisions
were recognized, in accordance with the accounting standards used to prepare the
financial statements.
At the present time it is not considered that the conclusion of the outstanding
disputes will lead to significant costs for the Company other than the amounts
provided for this purpose at 31 December 2015.

Litigation abroad

This case, dating back some time and still pending in the investigation phase at the
Court of Buenos Aires, refers to the claim for damages from the failure to pay for the
rendering of services allegedly provided by a consultant in the context of a mandate
conferred by the Company on 1 June 2001 to establish business relations with
Argentine institutions relating to the introduction of a civil air traffic control system
into the country. No provision has been made as this is not deemed a probable risk
by ENAV’s lawyers.

Litigation in Italy

Proceedings for debt recovery from suppliers and airport management companies.
Legal action initiated regarding cases pending against suppliers and airport
management companies that are insolvent, bankrupt or under other insolvency
procedures continue. These refer to debts that it was not possible to recover using
out-of-court procedures. Some of these positions have been written-down.

Litigation in respect of suppliers

These disputes refer mainly to opposing legal claims from suppliers or contractors
that the Company deems to be unfounded (regarding, for example, alleged credits
on invoices or price reviews, or requests for damages or claims for damages on
challenged tender documents), or to recover the higher costs and/or damages that
the Company incurred due to breaches by suppliers/contractors. If the outcome of
the litigation should imply expenses, an allocation has been made in the appropriate
risks and charges provision.

242 ENAV - Annual financial report 2015