Page 131 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Consolidated Financial Statements of the Enav Group 129

Revenues connected with route and terminal exemptions, amounting to
¤10,940 thousand (¤10,805 thousand at 31 December 2013) and ¤3,296
thousand (¤3,360 thousand at 31 December 2013) respectively, are in
general constant compared to the previous year and arise from exempt,
mainly military, flights.

Third partymarket revenues amount to ¤12,905 thousand, representing
an increase of ¤4,210 thousand over the previous year regarding flight
assistance services rendered at Comiso and Crotone airports and the
contract for the supply of consultancy, technical and training services
for the modernization of the systems and organizational and regulatory
processes of the Libyan Civil Aviation Authority and for Dubai airport.

Charge stabilization supplementary contributions amounting to ¤24,380
thousand correspond to the amount entered on determining the third
band terminal charge, a measure taken to support the market during the
current crisis period. The failure of terminal traffic to increase compared
to the charge budget led to the use of the provision for the whole amount
committed within the charge sphere.

The adjusting component charges for the “balance” amounted to negative
¤16,016 thousand and was calculated on the basis of the items stated in
the following table:

Balance charge adjustment 31.12.2014 31.12.2013 Change
for the year
Discounting effect 41,321 57,505 (16,184)
Balance variations
Utilization of the balance (4,064) (1,017) (3,047)
Total 0 7,623 (7,623)
(9,622)
(53,273) (43,651) (36,476)
(16,016) 20,460

The balance charge adjustment for the yearrepresents the charge addition
deriving from comparing the actual traffic volumes and/or costs with
the planned amounts used in determining the charge before adjustment
to fair value through discounting. This item consists of the route balance
of ¤33,184 thousand, the terminal “balance” of ¤1,845 thousand and the
route “balance” of ¤6,292 thousand for the costs arising from the transition
to international accounting standards. Details of this item can be found in
note 11.

The discounting effect, negative ¤4,064 thousand, arises from separating
out the financial component inherent in the balance mechanism, and is
determined by calculating the present value of the balance generated
during the year, in accordance with a pre-determined recovery plan.

The utilization of the balance by an amount of ¤53,273 thousand refers to
the release to income of the portions of the balance recognized in previous