Page 132 - ENAV eng_Relazione_Finanziaria_Annuale_2014

130 ENAV – 2014 Financial Statements

years in accordance with the agreement reached on determining the
charge for 2014. More specifically, the utilization regards the final portion
of the 2009 balance and the partial portions of the balances recognized in
2011 and 2012.

23. Other operating income

Other operating income for the year amounted to ¤51,252 thousand,
representing a decrease of ¤3,429 thousand over the figure for the year
ended 31 December 2013. This item may be analyzed as follows:

Capital grants 31.12.2014 31.12.2013 Change
Revenue grants 12,339 15,255 (2,916)
European funding 31,623 30,823
Other revenues 4,622 4,633 800
and income (11)
Total 2,668 3,970
(1,302)
51,252 54,681
(3,429)

Capital grantsconsist of the release to income of the part of the liability for
deferred income in proportion to the depreciation charged on the assets to
which the grant refers, as discussed in note 20.

Revenue grantsinclude ¤30 million consisting of the amount awarded to
the parent company pursuant to article 11-septies of Law no. 248/05 to
offset the costs incurred to ensure the safety of its systems and equipment
and operational safety. The remainder of this item, amounting to ¤1,623
thousand, regards short-term projects funded as part of the TEN-T program
starting in 2014 and the training funded by Fondimpresa.

European fundingregards the portion attributable to the Group for its
participation in European projects such as SESAR, which represents the
major item, and other smaller projects such as we free, gamma and accepta.

Other revenues and incomeconsist mainly of the penalties charged to
suppliers for delays compared to contractually agreed deadlines. The
decrease of ¤1,302 thousand over the previous year mostly regards a
reduction in secondments; in this respect those to the German provider
DFS came to an end in 2013.