Page 188 - ENAV eng_Relazione_Finanziaria_Annuale_2014

186 ENAV – 2014 Financial Statements

Information on items in the statement
of financial position

4. Property, plant and equipment
The following table sets out property, plant and equipment at the beginning
and end of the year ended 31 December 2014 and changes for the year.

Land and Plant and Industrial and Other assets Assets in Total
buildings machinery commercial course of
equipment 319,473 construction 2,804,643
383,233 (263,630) (1,614,662)
Cost (135,420) 1,454,647 284,465 362,825
Accumulated depreciation (1,014,156) (201,456) 1,189,981
Net book value at 247,813 0
31.12.2013 334,448
Increases 49,688 440,491 83,009 55,843 362,825 (2,604)
Disposals - cost (41)
Disposals - accumulated 172,837 3,606 7,014 101,303 2,586
depreciation 32 (1,346) (304) (913)
Reclassifications (237,502)
Impairment losses - 1,341 302 911 - (2,269)
Depreciation charge -
Total changes (15,903) (36) (3) - (237,463) (140,585)
Cost 33,776 - - - (2,269) (45,926)
Accumulated depreciation 432,880 (14,421) - 2,896,716
Net book value (151,291) (92,613) (17,648) (7,409) (1,752,661)
at 31.12.2014 80,183 (14,047) 325,574 (138,429)
281,589 287,764 (277,140) 224,396 1,144,055
1,626,102 (218,802) -
(1,105,428)

520,674 68,962 48,434 224,396

Property, plant and equipment decreased by ¤45,926 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 Company’s
decision to limit investment plans.

Increases for the year, which total ¤334,448 thousand, regard the following:

l for ¤233,145 thousand, investments completed and entering in
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