Page 219 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Financial Statements of ENAV SpA 217

qualify for classification as intangible assets, as was the case under Italian
accounting standards. This item also benefits from a reduction in security
costs as the result of concluding new agreements in this respect and in
other personnel costs relating to transfers.

Lease and rental costs decreased by ¤318 thousand mainly due to the
fact that the term of certain rental agreements came to an end in the final
quarter of 2014 following the transfer of personnel to new offices situated
in the same area as the Ciampino Area Control Center.

Other operating costs decreased by ¤5,366 thousand as the figure for the
previous year included the amount of the assets in third party custody
which were stolen in December 2013.

25. Personnel costs

Personnel costs amount to ¤403,213 thousand, representinga net increase
of ¤6,399 thousand over the prior year as shown by the following table:

31.12.2014 31.12.2013 Change

Wages and salaries, 235,704 227,517 8,187
of which: 46,339 48,669 (2,330)
276,186
fixed remuneration 282,043 5,857
91,614
variable remuneration 93,353 1,739
17,119
Total wages and salaries 17,864 745
11,895
Social security 9,953 396,814 (1,942)
contributions 403,213 6,399

Employees' leaving
entitlement

Other costs

Total personnel costs

Wages and salaries increased by ¤5,857 thousand, of which ¤8,187
thousand refers to the fixed portion of remuneration, with the difference
due to: i) changes in qualification and an increase in the superminimo
arising from the restructuring of the wages of the CTA personnel that had
an effect of approximately ¤3.1 million; ii) an increase in the minimi and
superminimi in accordance with the requirements of the national collective
labor agreement (CCNL) which became effective in July 2013 and which
accordingly had an effect for the full year in 2014 but for only six months
in 2013, with an impact of approximately ¤1.8 million; iv) a natural rise in
remuneration having an effect of approximately ¤2.1 million. On the other
hand the variable portion of remuneration decreased by ¤2,330 thousand,
mainly due to the reduced accrual for vacation vested but not yet taken
by employees following the Company’s emphasis on having operating and