Page 104 - ENAV eng_Relazione_Finanziaria_Annuale_2014

102 ENAV – 2014 Financial Statements

Property, plant and equipment decreased by ¤48,070 thousand over the
year due to an increase in the depreciation charge over 2013 and to a
decrease in assets in course of construction as the result of the decision by
the parent company to limit investment plans.

Increases for the year, which total ¤328,776 thousand, regard the following:

l for ¤231,059 thousand,investments completed and entering service
during the year, including: i) the V2 version of the Coflight system, which
regards the development of a new generation flight data processing
(FDP) system capable of providing among other things technological
support to the operating concepts introduced by the Sesar and
European Single Sky programs. The purpose of the FDP system is to
ensure that the trajectory that flights will follow within the air space can
be predicted in order to detect any conflict situations at an early stage
and that the necessary actionsare taken well in advance to guarantee
air traffic flow and safety. The V2 version has been installed at the Rome
Area Control Center (ACC) and used as part of the activities connected
with the SESAR program. The other phases, also connected with the 4–
Flight program, will enter service in subsequent years and the carrying
amount involved is classified as assets in course of construction; ii) the
refurbishment of the new building at the Rome ACC which contains
several of the parent company’s offices; iii) the functional adaptation
of the SATCAS system at the ACCs; iv) the new technical block and
tower at Lampedusa airport; v) radar modernization at various airports;
vi) the construction of an integrated security system as part of the
E-net project; vii) the functional adaptation of the mode S management
system at the ACCs; viii) the modernization of the TBT radio centers for
the remote sites of the Rome ACC; ix) the applications enhancement of
various systems; x) the purchase of ILS (Instrument Landing System)
measurement instruments in use at certain airports and calibration
instrumentation; xi) the purchase of a technical nitrogen gas distribution
system for the barometric sensor testing bench;

l for ¤97,717 thousand,investment projects under constructionsuch
as (excluding projects that have entered service)the enlargement of
the Academy training school in Forlì that envisages the construction
ofa new integrated technological hub, the implementation of the data
link 2000 plus system, the adaptation of the airport meteorological
systems to ICAO Amendment 74, the adaption and modernization of
the airport VCS, the construction of the virtual private E-net network,
the implementation of the “eTOD New Solution Technology” program
for enhancing the eTOD airport mapping system and progress on the
Coflight project.

Reclassifications, which amount in total to ¤235,079 thousand,regard
investments of ¤231,059 thousand completed during the year, as stated
above, and classified to the line item to which they belong, investments
of ¤1,257 thousand expensed during the year as they do not qualify for
classification as intangibleassets and investments of ¤38 thousand in spare
parts and certain operating system components classified as inventories,
while the balance represents a reclassification to intangible assets under
formation.