Page 198 - ENAV eng_Relazione_Finanziaria_Annuale_2014

196 ENAV – 2014 Financial Statements

10. Current and non-current trade receivables

Current trade receivables amount to ¤224,531 thousand and non-current
trade receivables amount to ¤119,499 thousand, with changes over the year
shown in the following table.

Current trade receivables 31.12.2014 31.12.2013 Change
Due from Eurocontrol
Due from the Ministry 184,194 163,382 20,812
of Economy and Finance 14,212 25,488 (11,276)
Due from the Ministry
of Infrastructure and 30,000 47,800 (17,800)
Transport
Due from other customers 34,348 33,289 1,059
Balance receivables 6,564 51,442 (44,878)
321,401 (52,083)
Bad debts allowance 269,318 (43,308)
Total (44,787) 278,093 (1,479)
Non-current trade (53,562)
receivables 224,531
Balance receivables 33,607
Total 119,499 85,892 33,607
119,499 85,892

The balance due from Eurocontrol refers to the fees deriving from route and
terminal revenues not yet received at 31 December 2014 and amounting to
¤124,281 thousand and ¤59,913 thousand respectively. The net increase of
¤20,812 thousand over the year is mainly due to terminal balances arising
from the delayed receipt of charges compared to the deadlines agreed by
certain Italian carriers. Of these receivables, ¤114 million was collected in
early 2015.

The receivable from the Ministry of Economy and Finance (MEF),
amounting to ¤14,212 thousand, all relates to route and terminal
exemptions recognized in 2014. The decrease of ¤11,276 thousand over
the year regards the amount accruing in 2014 as discussed above and
the following changes: i) the receipt in February of the residual balance
of ¤11,328 thousand due from the MEF and relating to 2012; ii) the offset
of the residual receivable of ¤14,160 thousand recognized in 2013 with
advances relating to the Italian Air Force for the receipts regarding the
route charges, that led to a payment of ¤43,245 thousand being made to
the MEF in October 2014.

The receivable from the Ministry of Infrastructure and Transport consists
of the revenue grant of ¤30,000 thousand designed to offset the costs