FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: In contrast, in 2001 the Community industry suffered heavy losses, and returns on investment and cash flow were negative, in spite of the contraction in Community overcapacity during 2000 and 2001. The performance of the Community industry over 2000 to 2001 in terms of profitability, returns on investment and cash flow is correlated instead with the trend in the prices of the subsidised imports over that period.
Lithuanian: Tačiau 2001 m. Bendrijos pramonė patyrė didelių nuostolių: investicijų grąža ir grynųjų pinigų srautai tapo neigiami, nepaisant Bendrijos pajėgumų pertekliaus sumažėjimo 2000–2001 m. Bendrijos pramonės rezultatai 2000–2001 m. vertinant pelningumą, investicijų grąžą ir grynųjų pinigų srautą yra susiję su subsidijuoto importo kainų tendencijomis tuo laikotarpiu.
English: In addition, Hynix submits that the period of time during which duties should be imposed should have been terminated on 1 January 2006. This is not a matter that was the subject of dispute or recommendations by the WTO Panel; and is not therefore part of the ‘measure taken to comply’ with the Panel's recommendations which is encapsulated within this Regulation.
Polish: Ponadto firma Hynix twierdzi, że okres obowiązywania ceł powinien zakończyć się dnia 1 stycznia 2006 r. Nie jest to kwestia, która była przedmiotem sporu i zaleceń panelu WTO, dlatego też nie stanowi części „środka podjętego w celu zachowania zgodności” z zaleceniami panelu, który zawarty jest w niniejszym rozporządzeniu.
Lithuanian: Be to, Hynix teigia, kad muitų taikymo laikotarpis turėtų baigtis 2006 m. sausio 1 d. Dėl šio klausimo nebuvo diskutuojama ir jis nebuvo svarstomas PPO ekspertų grupės rekomendacijose; todėl jis nepriklauso šiame reglamente aptartoms Ekspertų grupės rekomendacijų „įgyvendinimo priemonėms“.
English: These so-called Option 1 banks were the KEB, Woori Bank, Chohung Bank, KDB, NACF and Citibank. Eight banks refused to extend new loans, so they swapped approximately one-third of their loans into equity and wrote-off the rest as a loss.
Latvian: Šīs tā saucamās 1. izvēles bankas bija KEB, Woori Bank, Chohung Bank, KDB, NACF un Citibank Astoņas bankas attiecās pagarināt jaunos aizdevumus, tādēļ aizstāja apmēram vienu trešo daļu no saviem aizdevumiem ar pašu kapitālu un norakstīja pārējo parādu kā zaudējumus.
English: ‘Overcapacity’ as a possible factor of injury can be examined in the context of the world market or in the context of the Community market. The Commission considers both situations below.
Latvian: “Jaudas pārpalikumu” kā iespējamo kaitējuma faktoru var pārbaudīt pasaules tirgus kontekstā vai Kopienas tirgus kontekstā.
English: The Commission has not found any such benchmark as regards Hynix itself. The loans provided to Hynix were generally either provided by the GOK or by banks that were entrusted or directed by the GOK.
Dutch: De leningen aan Hynix waren in het algemeen hetzij verstrekt door de Koreaanse overheid hetzij door banken waarover de Koreaanse overheid zeggenschap had of die zij daartoe opdracht had gegeven.
English: In 2000, it increased by 15 %. In 2001, compared to 1998, it had increased by 9 %.
Portuguese: Em 2000, aumentou 15 %, enquanto em 2001, comparando com 1998, aumentou 9 %.
Dutch: In 2000 waren de loonkosten met 15 % gestegen ten opzichte van 1998 en in 2001 met 9 %.
Slovak: V roku 2000 sa zvýšili o 15 %, V roku 2001 sa oproti roku 1998 zvýšili o 9 %.
English: Hynix claimed that Community overcapacity was another known factor contributing to material injury during the period under consideration. However, trends in Community overcapacity show no or only negligible correlation with trends in the condition of the Community industry.
Dutch: Hoewel Hynix aanvoerde dat de overcapaciteit in de Europese Gemeenschap een andere bekende factor was die mede de oorzaak was van de aanmerkelijke schade in de beoordelingsperiode, leken de ontwikkelingen van de overcapaciteit in de Gemeenschap weinig of geen verband te hebben met de ontwikkeling van de situatie van de EG-producenten.
English: During the period under consideration, non-subsidised imports increased significantly less than did subsidised imports, i.e., by 133 % as opposed to 361 % (see recital 177 and relevant table of the definitive Regulation). It is noted that during the same period Community consumption increased by 316 %.
Dutch: In de beoordelingsperiode steeg de invoer van niet-gesubsidieerde DRAM's aanmerkelijk minder dan de invoer van gesubsidieerde DRAM's, namelijk met 133 % tegenover 361 % (zie overweging 177 en bijbehorende tabel in de definitieve verordening), terwijl het verbruik in de Europese Gemeenschap in die periode met 316 % steeg.
English: Korean producers Rate of duty
Dutch: Koreaanse producenten
English: However, as set out in recital 37 of the definitive Regulation, no subsidy amount has been countervailed under the syndicated loan in order to avoid double-counting, as the syndicated loan amount was subsequently rolled-over into the October 2001 measures. Thus, no amendment of the findings is necessary with regard to this measure.
Polish: Jednakże, jak stwierdzono w motywie 37 rozporządzenia ostatecznego, żadna kwota subsydium nie została objęta opłatami wyrównawczymi w związku z pożyczką konsorcjalną, co pozwoliło uniknąć podwójnego naliczania, gdyż pożyczka konsorcjalna została następnie objęta refinansowaniem w październiku 2001 r. W odniesieniu do tego środka nie jest więc konieczna żadna zmiana ustaleń.
English: For the uncreditworthy rate, the Commission used the likelihood of default for companies with a credit rating of Caa to C during the term of the relevant measure (i.e., one year for the KEIC guarantee). Similarly, the Commission used the default rate for a creditworthy company during the term of the measure in question, calculated based on a cumulation of data for investment grade companies.
Polish: W celu obliczenia wskaźnika dla firm nieposiadających zdolności kredytowej Komisja oparła się na prawdopodobieństwie niewywiązania się ze zobowiązań przez firmy posiadające w okresie obowiązywania odnośnego środka (tzn. jednego roku obowiązywania gwarancji KEIC), rating kredytowy od Caa do C. Podobnie Komisja oparła się na wskaźniku niewypłacalności dla firm posiadających zdolność kredytową w okresie obowiązywania środka objętego dochodzeniem, obliczonym na podstawie nagromadzonych danych dotyczących spółek klasy inwestycyjnej.
English: A third programme found to constitute a subsidy by Korea was the KDB debenture programme to which Hynix was admitted on 4 January 2001. This was a programme which essentially lasted for one year (2001) and was set up by the government in response to financial instability in Korea caused by the fact that a large amount of bonds issued by a few companies (including Hynix) were due to mature simultaneously.
Polish: Trzecim programem uznanym za subsydium ze strony rządu Korei był program obligacji KDB, do którego firma Hynix została przyjęta w dniu 4 stycznia 2001 r. Był to program, który zasadniczo trwał jeden rok (2001 r.) i został zorganizowany przez rząd w reakcji na niestabilność finansową w Korei, spowodowaną faktem, że wielka liczba obligacji wyemitowanych przez klika firm (w tym Hynix) przypadała do spłaty jednocześnie.
English: Accordingly, under these circumstances, the Commission finds that the amount of the benefit to Hynix could not exceed the full amount of the funds obtained by Hynix as a result of the operation of the debt to equity swap in the October 2001 restructuring programme. The Commission believes that this conclusion is fully supported by its (unchanged) determinations regarding the financial situation and worth of Hynix, and the situation in the DRAMs market and the financial markets, and that it is consistent with the basic Regulation and the Guidelines.
Polish: W związku z tym w tej sytuacji Komisja uznaje, że wielkość korzyści odniesionej przez firmę Hynix nie mogła przekraczać pełnej kwoty funduszy uzyskanych przez nią w wyniku transakcji konwersji zadłużenia na kapitał w ramach programu restrukturyzacyjnego z października 2001 r. Komisja uważa, że konkluzję taką w pełni potwierdzają jej (niezmienione) ustalenia dotyczące sytuacji finansowej i wartości firmy Hynix oraz sytuacji na rynku pamięci DRAM i rynkach finansowych, a także że jest ona zgodna z rozporządzeniem podstawowym i wytycznymi.
English: The bonds purchased as part of the May 2001 restructuring programme cannot serve as a basis for determining the commercial reasonableness of the new loan and the debt roll-over, as Hynix's financial situation deteriorated substantially between May and October 2001. Therefore, the two situations cannot be considered to be comparable.
Polish: Obligacje zakupione w ramach programu restrukturyzacyjnego z maja 2001 r. nie mogą stanowić podstawy dla ustalenia zasadności komercyjnej nowej pożyczki i refinansowania zadłużenia, ponieważ sytuacja finansowa firmy Hynix uległa znacznemu pogorszeniu w okresie od maja do października 2001 r. Dlatego też tych dwóch sytuacji nie można uznać za porównywalne.
English: Accordingly, under these circumstances, the Commission finds that the amount of the benefit to Hynix could not exceed the full amount of the funds obtained by Hynix as a result of the operation of the debt roll-over and new loan in the October 2001 restructuring programme. The Commission believes that this conclusion is fully supported by its (unchanged) determinations regarding the financial situation and worth of Hynix, and the situation in the DRAMs market and the financial markets, and that it is consistent with the basic Regulation and the Guidelines.
Polish: W związku z tym w tej sytuacji Komisja uznaje, że wielkość korzyści odniesionej przez firmę Hynix nie mogła przekraczać pełnej kwoty funduszy uzyskanych przez nią w wyniku refinansowania zadłużenia i nowej pożyczki w ramach programu restrukturyzacyjnego z października 2001 r. Komisja uważa, że konkluzję taką w pełni potwierdzają jej (niezmienione) ustalenia dotyczące sytuacji finansowej i wartości firmy Hynix oraz sytuacji na rynku pamięci DRAM i rynkach finansowych, a także że jest ona zgodna z rozporządzeniem podstawowym i wytycznymi.
English: However, as noted in this Regulation, the May 2001 restructuring programme would not in any event be countervailed, given that the largest proportion of the benefit would have been accounted for in the October 2001 measures. Mainly for this reason, the Commission has decided not to return to these issues in this implementing Regulation.
Polish: Jednakże, jak zaznaczono w niniejszym rozporządzeniu, program restrukturyzacyjny z maja 2001 r. nie byłby w żadnym razie objęty opłatami wyrównawczymi, gdyż największa część korzyści wynikała ze środków podjętych w październiku 2001 r. Głównie z tego powodu Komisja postanowiła nie wracać do tych zagadnień w niniejszym rozporządzeniu wykonawczym.
English: However, mindful of the WTO Panel’s reasoning, the Commission has, exceptionally and for this reason only, also considered whether or not, even absent any relevant benchmarks, there is anything that might serve as the basis for a proxy benchmark, adjusted where necessary to take account of the particular circumstances of this case. Such a proxy could, for example, be based on a commercial interest rate, with the addition of a risk premium, reflecting the default rates of companies exhibiting comparable risk.
Portuguese: Todavia, a fim de ter em linha de conta os argumentos avançados pelo painel da OMC, a Comissão procurou igualmente averiguar, a título excepcional e unicamente por este motivo, se, mesmo na ausência de critérios de referência adequados, existiriam quaisquer outros dados que pudessem ser utilizados como critério de referência indirecto, ajustado, sempre que necessário, para ter em conta as circunstâncias específicas deste caso e que poderia, por exemplo, consistir numa taxa de juro comercial acrescida de um prémio de risco, de modo a reflectir as taxas de incumprimento das empresas que apresentam um grau de risco semelhante ao da Hyxil.
English: The Commission has re-examined the record to consider whether there is any relevant benchmark against which the amount of the benefit could be calculated. It has looked for verified evidence about a comparable government guarantee or ‘a comparable commercial loan’ or ‘a comparable commercial loan absent the government guarantee’ that Hynix or another firm in a situation comparable to Hynix concluded at the relevant time.
Portuguese: A Comissão reapreciou o processo, a fim de determinar a existência de um eventual critério de referência relevante para calcular o montante da vantagem, tendo procurado obter elementos de prova efectivos relativos a uma garantia estatal comparável, «um empréstimo comercial comparável» ou «um empréstimo comercial comparável, na ausência de garantia estatal» que a Hynix ou outra empresa numa situação financeira comparável pudesse ter obtido nessa altura.
English: The default rates for both creditworthy and uncreditworthy companies for the term of the measure in question were taken from Moody's Investor Services (0,13 % and 34,37 % respectively). This led to a total interest rate of 63,89 %.
Portuguese: Segundo o Moody’s Investor Services, as taxas de incumprimento aplicáveis às empresas tanto solventes como não fiáveis durante a vigência da medida em questão eram de 0,13 % e 34,37 %, respectivamente, o que corresponde a uma taxa de juro total de 63,89 %.
English: The rate of default of an uncreditworthy company in 2001 within three years (the term of the new loan and of the roll-over) was 57,97 %, whereas the rate of default of a creditworthy company within three years in 2001 was 0,94 %. This led to a total interest rate of 48,22 %.
Portuguese: A taxa de incumprimento de uma empresa insolvente em 2001 durante um prazo de três anos (correspondente à duração do novo empréstimo e da renovação do crédito) foi de 57,97 %, enquanto a taxa de incumprimento de uma empresa solvente durante um prazo de três anos em 2001 era de 0,94 %, o que resulta numa taxa de juro total de 48,22 %.
English: ‘without a written record of the analytical process undertaken by the investigating authority to evaluate “wages”, we cannot examine whether an adequate and reasoned explanation has been provided of how the facts support the injury determination made by the EC and, consequently, whether that determination was consistent with Article 15.4. Without that written record, we would be forced to embark on post hoc speculation about the thought process by which the investigating authority arrived at its ultimate conclusions.
Portuguese: «Sem um registo escrito do processo analítico levado a cabo pelas autoridades responsáveis pelo inquérito para avaliar o factor “salários”, não é possível determinar se foi apresentada uma explicação adequada e fundamentada do modo como a determinação do prejuízo efectuada pela CE é corroborada pelo factos e, consequentemente, se essa determinação era conforme ao n.o 4 do artigo 15.o Sem esse registo escrito, seríamos obrigados a lançarmo-nos em especulações post hoc sobre o processo de raciocínio com base no qual as autoridades responsáveis pelo inquérito estabeleceram as suas conclusões definitivas.
English: Hynix aligns itself with the submissions of the GOK, discussed in the preceding recital. In addition, Hynix submits that the period of time during which duties should be imposed should have been terminated on 1 January 2006.
Portuguese: A Hynix retoma os argumentos do Governo da Coreia analisados no considerando anterior, alegando igualmente que o prazo no qual os direitos deveriam ser aplicados devia ter terminado em 1 de Janeiro de 2006.
English: However, it submits that the Commission should impose a higher duty based on a proxy benchmark and the original injury determination, rather than the lower duty set out in this Regulation. The Commission has carefully considered that request.
Portuguese: Todavia, argumenta que a Comissão deve instituir um direito mais elevado, com base num valor de referência de substituição e na determinação inicial de prejuízo, em vez do direito mais baixo instituído pelo presente regulamento.
English: In particular, the Panel considered that the EC acted inconsistently with Article 1.1(b) and 14 of the SCM Agreement by taking as a starting point that the amount of the benefit conferred by each of the financial contributions, which were generally in the form of loans, guarantees or equity, was to be calculated as if those financial contributions had been grants, irrespective of their terms and conditions. The Panel reasoned that the calculation of the amount of the benefit should be based on the benefit to the recipient, not the cost to the provider.
Slovak: Odborná komisia najmä usúdila, že ES nepostupovalo v súlade s článkom 1.1 písm. b) a článkom 14 dohody o SCM, keď vychádzalo z toho, že výška prospechu poskytnutá každým z finančných príspevkov, ktoré sa všeobecne uskutočnili vo forme pôžičiek, záruk alebo majetku, sa má vypočítať, ako keby tieto finančné príspevky boli grantmi, bez ohľadu na ich podmienky.
English: [47]. Another report stated that ‘Especially in the latter half of last year, it was nearly impossible for a company to issue junk bonds based on its own credit and the junk bonds market existed through primary collateralised bond obligations, collateral loan obligations and a government-initiated bond-refinancing plan.’ [48].
Slovenian: Njihov pogled lahko pritegnejo le družbe z močnimi denarnimi tokovi, zmožnostjo servisiranja dolgov in možnostmi za rast.“ [47] V nekem drugem članku je bilo objavljeno: „Zlasti v drugi polovici prejšnjega leta je bilo skoraj nemogoče, da bi družbe izdale ‚junk bonds‘ na osnovi lastnega posojila in trg ‚junk bonds‘ je temeljil na ‚kritih obveznicah‘ (‚primary collateralised bond obligations‘) ‚kritih posojilih‘ in na načrtu za refinanciranje obveznic, ki ga je osnovala vlada.“ [48].
English: The Commission recalls that, normally, having determined that the benefit is equivalent to the full amount of the financial contribution (in this case, a loan or loan guarantee), the Commission treats it as a ‘non-recurring’ subsidy and allocates it over a period of time corresponding to the normal depreciation of fixed assets in the industry concerned. The Commission uses a straight-line allocation and does not increase the total amount of benefit by using the ‘time value of money’ method; it merely adds interest to each annual allocated portion.
Slovenian: Komisija opozarja, da običajno po ugotovitvi, da je ugodnost enaka skupnemu znesku finančnega prispevka (v tem primeru posojila ali jamstva za posojilo), to ugodnost obravnava kot „enkratno“ subvencijo in jo porazdeli v določenem časovnem obdobju, ki ustreza običajni amortizacijski dobi sredstev v zadevni industriji Komisija pri razporeditvi uporablja linearno metodo in ne zvišuje skupnega zneska ugodnosti z uporabo metode „časovna vrednost denarja“; enostavno porazdeli obresti na enake dele za vsako leto.
English: The financial institutions were given three options by the CFIC in the 31 October meeting. The first option was to agree with the proposals by extending new credit and participating in a debt-to-equity swap (Option 1).
Slovenian: Na sestanku z dne 31. oktobra je CFIC dal finančnim institucijam tri možnosti.
English: No major change in this overcapacity situation has been observed during the period under consideration and in particular at the end of this period leading to the IP. This worldwide overcapacity may have asserted pressure on prices during the period under consideration, which may have contributed to the injury suffered by the Community industry.
Slovenian: V obdobju obravnave, zlasti ob koncu tega obdobja, ki mu je sledil OP, ni bilo ugotovljenih večjih sprememb glede presežne zmogljivosti Presežna zmogljivost po vsem svetu je mogoče povzročila obremenitev cen v obdobju obravnave, kar je mogoče prispevalo k škodi, povzročeni industriji Skupnosti.
English: Further, Kookmin, as a GOK-invested enterprise, was subject to audit and inspection by the GOK Board of Audit and Inspection and as such was under pressure to comply with GOK policy. (20) Other participants in the syndicated loan were also under pressure from the GOK to assist Hynix.
Swedish: Den sydkoreanska staten har vidare investerat i Kookmin Bank, varför detta företag var föremål för revision och granskning av Sydkoreas Board of Audit and Inspection och som sådant var under tryck att följa den sydkoreanska statens politik.(20) De övriga deltagarna i konsortielånet hade också pressats av Sydkoreas offentliga myndigheter att stödja Hynix.
English: However, certain comments were outside the scope of this Regulation which is only intended to implement the DSB recommendations. Thus, such comments have not resulted in any changes to this Regulation,
Swedish: Några synpunkter låg emellertid utanför tillämpningsområdet för denna förordning, vars enda syfte är att genomföra tvistlösningsorganets rekommendationer, och medförde således inte några ändringar av denna förordning.