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ENAV S.p.A. Financial Statement

constant relations with the Manager Responsible for the Company's
Accounting Documents and the independent auditors of the annual
and consolidated financial statements, Reconta Ernst&Young S.p.A.
Over the course of the year 2015, two Auditors appointed for this
period at the Meeting of 11 June 2013 submitted their resignations and
were replaced by two new Auditors appointed at the Meeting of 20
July 2015.
Regarding the activity carried out in 2015, the Board of Statutory
Auditors supervised compliance with the law and the Articles of
Association based on the information received in accordance with the
applicable legislation and the results of the analyses carried out. The
Board therefore ascertained conformity with the law and By-laws and
compliance with the principles of correct management of major
economic, financial and equity transactions made by the company
during the financial year, verifying that these were not manifestly
imprudent, did not manifestly involve excessive risk, were not in
potential conflict of interest or in contrast with the resolutions taken
by the Board and did not in any way compromise the integrity of the
Company’s assets.
In terms of the assessment of the principle risks affecting the
Company, reference should be made to the information given in the
Financial Statements.
It is noted that the Company’s Administrative Body, composed of
three members appointed at the Meeting of 19 September 2014, was
extended on 30 June 2015 following the resignation of the

250 ENAV - Annual financial report 2015