Page 115 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Consolidated Financial Statements of the Enav Group 113

from property, plant and equipment. The decrease of ¤3,440 thousand,
gross of the allowance, regards the withdrawal of spare parts for use in
operating systems.

The inventory allowance increased by ¤1,904 thousand due to the fact
that certain spare parts became obsolete as they relate to systems and
equipment that can no longer be used, and decreased by ¤1,313 thousand
following the disposal of spare parts that had already been written down
in previous years.

13. Other current assets

Other current assets amount to ¤19,162 thousandand can be analyzed as
follows:

Due from public bodies 31.12.2014 31.12.2013 Change
for capital grants
Due from personnel 10,434 21,562 (11,128)
Due from public bodies
for financed projects 3,502 3,552 (50)
Guarantee deposits
Sundry receivables 4,754 4,695 59

Bad debts allowance 298 465 (167)
Total 3,363 3,661 (298)
22,351 33,935 (11,584)
(3,189) (3,243)
19,162 30,692 54
(11,530)

Due from public bodies for capital grantsrefers entirely to the 2007/2013
Networks and Mobility National Operating Program (NOP) grants which
have been approved but had not yet been received at 31 December 2014.
This balance decreased by ¤11,128 thousand during the year following the
de-financing of the “Brindisi Area Control Center – 4 Flight” project, on
which work has not yet begun, as per the resolution of the 2007/2013
Networks and Mobility NOP Management Authority of 24 October 2014.

Due from personnelrefers almost entirely to advances for travel expenses
for transfers not yet completed at year end, of which a significant portion
amounting to ¤3,189 thousand regards travel expenses advanced to
former employees of the parent company, previously subject to judicial
investigations and prudently written down in previous years. Following
sentence nos. 745/2011 and 966/2012 of the Court of Accounts ordering
the defendants to pay the amounts in question, ¤54 thousand has been
collected with a corresponding reduction in the allowance, against
repayment plans set up for recovering the receivable. As security for the
amount an attachment order was served on the persons involved freezing
one fifth of their pensions and TFR and TFS leaving entitlements as well as