Page 192 - ENAV eng_Relazione_Finanziaria_Annuale_2014

190 ENAV – 2014 Financial Statements

pay the subsequent instalments.
Investments in subsidiaries also includes the 100% interest in Techno
Sky amounting to ¤113,827. This carrying amount, which exceeds
the subsidiary’s equity, was impairment tested in 2014 to assess its
recoverability. No impairment losses arose from the analysis performed,
which was based on the fair value of the quotas of Techno Sky and its latest
business plan, and the subsidiary’s fair value was actually estimated as
being approximately ¤170 million.
In addition, investments in subsidiaries also include the 60% holding in the
SICTA Consortium carried at ¤704.9 thousand and the 100% interest in
ENAV Asia Pacific headquartered in Kuala Lumpur in Malaysia carried at
¤127 thousand.