FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: If so, and where less than 10 years has elapsed since the restructuring period came to an end or implementation of the plan has been halted, the Commission will normally allow further restructuring aid only in exceptional and unforeseeable circumstances for which the company is not responsible. An unforeseeable circumstance is one which could in no way be anticipated when the restructuring plan was drawn up.’
Dutch: Zo dit het geval is en wanneer de herstructurering is beëindigd of sinds de uitvoering van het plan is gestaakt, minder dan tien jaar is verstreken, zal de Commissie de toekenning van nieuwe herstructureringssteun gewoonlijk niet goedkeuren, behalve onder uitzonderlijke en onvoorziene omstandigheden die de onderneming niet zijn toe te rekenen. onder onvoorziene omstandigheden worden gebeurtenissen verstaan die ten tijde van de opstelling van het herstructureringsplan volstrekt niet konden worden voorzien.”
English: The management of the two companies (IFB and SNCB) subsequently finalised the details for the rescue and restructuring of IFB in a ‘framework agreement on the restructuring of IFB’, which was signed by the two companies on 7 April 2003. At a second EGM, IFB shareholders agreed to continuing IFB’s activities on the basis of this framework agreement.
Polish: W rezultacie kierownictwo dwóch spółek (IFB oraz SNCB) ustaliło szczegóły ratowania i restrukturyzacji IFB zawarte w „umowie ramowej dotyczącej restrukturyzacji IFB”, podpisanej pomiędzy dwoma spółkami w dniu 7 kwietnia 2003 r. Podczas drugiego Nadzwyczajnego Walnego Zgromadzenia Akcjonariuszy udziałowcy IFB wyrazili zgodę na kontynuację działalności IFB na podstawie wspomnianej umowy ramowej.
English: IFB utilised EUR 30,9 million of its financial headroom obtained by the granting of the provisional credit facility of EUR 15 million and by the provisional non-recovery of the existing debts of the order of EUR 63 million to finance the divestiture. EUR 7,7 million of finance correspond to interest due for this sum by virtue of the framework agreement of 7 April 2003, which provides that the interest is not paid until the time of the payment of the principle debt (or converted into capital at the same time as the principal debt).
Portuguese: De facto, a IFB utilizou para o efeito 30,9 milhões de EUR da margem de manobra conseguida com a abertura da linha de crédito temporária de 15 milhões de EUR e a prorrogação do prazo de pagamento da dívida acumulada de cerca de 63 milhões de EUR. A esse montante juntam-se 7,7 milhões de EUR correspondentes à parte proporcional dos juros devidos por força do contrato-quadro de 7 de Abril de 2003, que estipula que os mesmos só serão pagos, ou convertidos em capital, conjuntamente com a dívida principal.
Polish: Na sfinansowanie dezinwestycji IFB przeznaczyła bowiem 30,9 mln EUR z rezerw pochodzących z przyznania tymczasowego kredytu w wysokości 15 mln EUR oraz z tymczasowego braku konieczności zwrotu istniejących należności rzędu 63 mln EUR. Kwota finansowania wynosząca 7,7 mln EUR odpowiada odsetkom naliczonym od tej sumy na mocy umowy ramowej z dnia 7 kwietnia 2003 r., która przewiduje, że odsetki zostaną spłacone dopiero w momencie spłaty wierzytelności głównej (lub poddane konwersji na kapitał w tym samym czasie co wierzytelność główna).
Slovenian: Dejansko je IFB za financiranje dezinvesticij uporabila 30,9 milijona EUR manevrskega prostora, ki ga je pridobila z začasnim posojilom v višini 15 milijonov EUR in začasno neizterjavo obstoječih terjatev v višini 63 milijonov EUR. 7,7 milijona EUR financiranja ustreza zapadlim obrestim za ta znesek v skladu z okvirno pogodbo z dne 7. aprila 2003, ki določa, de se obresti plačajo hkrati s plačilom glavnice (ali se hkrati z glavnico pretvorijo v kapital).
English: For the year 2006, when the restructuring of IFB brought about the stabilisation of the business, the trading profit had been set at 3,2 % of turnover. From 2006, the working assumption is an annual growth of 3 % of turnover which, at a constant margin, leads to a pre-tax rate of profit growth of 3 %.
Polish: Począwszy od 2006 r., hipoteza robocza przewiduje wzrost obrotów o 3 % rocznie, co przy stałej marży prowadzi do stopy wzrostu wyników przed opodatkowaniem równej 3 %.
English: These achievements improved the gross operating profit, as a result of which the loss in 2002 disappeared partially in 2003 and entirely in 2004, 2005 and 2006. Furthermore, a surplus was made in 2004 and 2005, which should also be the case in 2006.
Polish: Wyniki te poprawiły zysk operacyjny brutto w taki sposób, że strata z 2002 r, została usunięta częściowo w 2003 r. i całkowicie w 2004, 2005 i 2006 r. Ponadto doszło do powstania nadwyżek w 2004 i 2005 r., tak samo jak w roku 2006.
English: the period prior to 19 July 2002 (date of the decision by SNCB’s Management Board to approve the granting of a cash advance and to accept that an increase in capital for IFB was ‘probable’), the period between 19 July 2002 and 20 December 2002 (date of the decision by SNCB’s Management Board to approve the principle of an increase in IFB’s capital and authorising the executive committee to negotiate the framework contract of 7 April 2003),
Polish: okres między dniem 19 lipca 2002 r. a dniem 20 grudnia 2002 r. (data decyzji zarządu SNCB o zatwierdzeniu zasady podwyższenia kapitału IFB i upoważniającej komitet zarządzający do negocjowania umowy ramowej z dnia kwietnia 2003 r.),
English: The Commission therefore concludes that the cash aids awarded by SNCB to IFB exceeded the period of 12 months laid down in point 23(b) of the 1999 guidelines, and that the Belgian authorities did not submit the restructuring plan to the Commission within a period of six months, as laid down in point 24 of the 1999 guidelines. The aid awarded by SNCB may not therefore be authorised as rescue aid.
Polish: Komisja uznaje więc, że pomoc w środkach płynnych przyznana przez SNCB dla IFB przekroczyła przewidziany w pkt 23 lit. b) wytycznych z 1999 r. okres 12 miesięcy i że władze belgijskie nie przedłożyły Komisji w terminie sześciu miesięcy planu restrukturyzacji, jak zostało określone w punkcie 24 wytycznych z 1999 r. Pomoc przyznana przez SNCB nie może zatem zostać zatwierdzona jako pomoc na rzecz ratowania.
English: Regarding the second argument, the Commission agrees that the Belgian Government that IFB’s market shares of the logistics market have been reduced within the meaning of point 36 of the 1999 guidelines. Regarding the third argument, the Commission considers that the explanations given by Belgium to describe in more detail IFB’s increase in turnover demonstrate that IFB Logistics has grown less quickly than its competitors, and that the most significant growth concerns a sub-sector where IFB is only marginally present.
Polish: W odniesieniu do argumentu drugiego Komisja zgadza się z rządem belgijskim, że udziały IFB w rynku zmniejszone zostały na rynku logistyki w rozumieniu punktu 36 wytycznych z 1999 r. Odnośnie do trzeciego argumentu Komisja uznaje, że złożone przez Belgię wyjaśnienia dotyczące zróżnicowania wzrostu obrotów IFB wykazały, że IFB Logistics rozwijała się wolniej niż jego konkurenci oraz że znaczny wzrost dotyczył podsegmentu, w którym IFB obecna była jedynie w sposób marginalny.
English: The meetings between the Commission and the Belgian authorities took place on 1 June 2006 and 25 July 2006. The Belgian authorities provided additional information to the Commission by letter of 29 June 2006, registered as received by the Commission the same day as TREN/A/25806, by letter of 20 September 2006, registered the same day as TREN/A/32665, and by emails sent on 16 and 21 November 2006, registered as TREN/A/37638 and TREN/A/37981.
Portuguese: Em 1 de Junho e 25 de Julho de 2006 realizaram-se reuniões de trabalho entre os serviços da Comissão e as autoridades belgas, tendo estas transmitido informações complementares à Comissão por cartas datadas de 29 de Junho e 20 de Setembro de 2006, registadas na Comissão nas mesmas datas sob os números TREN/A/25806 e TREN/A/32665, e por correio electrónico de 16 e 21 de Novembro de 2006, registado sob os números TREN/A/37638 e TREN/A/37981.
English: The rail freight market is an ancillary market of these two markets. Since 2003, it has been open for the transportation of international freight to and from Belgium, as provided for in Council Directive 91/440/EEC of 29 July 1991 on the development of the Community’s railways [2].
Portuguese: O mercado do transporte ferroviário de mercadorias está em estreita ligação com esses dois mercados e, no que se refere ao transporte internacional de mercadorias com origem ou destino na Bélgica, constitui, desde 2003, um mercado aberto à concorrência, em conformidade com a Directiva 91/440/CEE do Conselho, de 29 de Julho de 1991, relativa ao desenvolvimento dos caminhos-de-ferro comunitários [2].
English: The Belgian Government is represented on the Management Board by a Government Commissioner. The Government Commissioner can call upon the Belgian authorities in order to revoke a decision of the Management Board relating to any matter not connected to the fulfilment of public service assignments if that decision ‘is prejudicial to […] the implementation of public service duties’ (Article 23, paragraph 2, of the Act).
Portuguese: O Governo belga está representado no Conselho de Administração por um Comissário do Governo, que pode recorrer às autoridades belgas para obter a anulação de uma decisão do Conselho de Administração sobre uma questão alheia ao desempenho das missões de serviço público, caso essa decisão «acarrete […] prejuízo para o cumprimento das obrigações do serviço público» (n.o 2 do artigo 23.o da Lei).
English: The principal reason for IFB’s difficulties reside in the financial difficulties encountered by its holdings in France, all situated in the port of Dunkerque, in 2001 and 2002. The financial difficulties also concerned the activities of ‘IFB Logistics’ and ‘IFB Terminals’, which suffered losses in 2002.
Portuguese: As dificuldades da IFB resultaram, principalmente, das dificuldades financeiras sentidas, em 2001 e 2002, pelas suas participadas em França, todas elas localizadas no porto de Dunquerque, mas foram agravadas pelos resultados dos pólos de actividade «IFB Logistics» e «IFB Terminals», que registaram perdas em 2002.
English: As indicated in diagram 1, the total amount of IFB’s losses in the 2002 financial year was EUR 110 million. EUR 12,2 million concerned operating losses before adjustment of the accounts at the level of IFB Logistics (EUR 4,7 million) and IFB Terminals (EUR 7,5 million). To this is added an operating loss of EUR 1,2 million at the level of the holding in OCHZ. These losses, totalling EUR 13,4 million, constitute 12 % of the total losses.
Portuguese: Como consta do gráfico 1, o montante total dos prejuízos da IFB no exercício de 2002 elevou-se a 110 milhões de EUR, dos quais 13,4 milhões de EUR (12 % desse total) respeitantes a perdas de exploração contabilizadas antes do apuramento de contas: 12,2 milhões de EUR dos pólos de actividade «IFB Logistics» (4,7 milhões de EUR) e «IFB Terminals» (7,5 milhões de EUR), e 1,2 milhões de EUR da participação no agrupamento OCHZ.
English: On 21 May 2002, IFB’s Management Board found that, following the losses sustained since the end of 2000, capital funds had fallen to less than half of the share capital. As provided for in Article 633 of the Belgian Companies Code, IFB convened an extraordinary general meeting of IFB shareholders.
Portuguese: Em 21 de Maio de 2002, o Conselho de Administração da IFB verificou que, em consequência das perdas sofridas desde o final de 2000, os fundos próprios estavam reduzidos a um valor inferior a metade do capital social e, em conformidade com o disposto no artigo 633.o do Código das Sociedades belga, promoveu a convocação de uma assembleia geral extraordinária de accionistas.
English: IFB’s senior management, with the aid of consultants McKinsey, drew up a restructuring plan for IFB. This plan, which is described in detail in points 73 to 86 of this decision, was approved by IFB’s Management Board on 23 March 2003.
Portuguese: Com o apoio da consultora McKinsey, a direcção da IFB elaborou um plano de reestruturação da empresa, que foi aprovado pelo respectivo Conselho de Administração em 23 de Março de 2003 e é descrito em pormenor nos n.os 73 a 86 da presente decisão.
English: The debts of EUR 63 million are subject to conventional late payment interest of 5,4 %. The interest is capitalised and paid at the same time as the payment of the principal debt.
Portuguese: A dívida acumulada de 63 milhões de EUR ficou sujeita a juros de mora convencionais à taxa de 5,4 %, juros esses que seriam capitalizados e pagos conjuntamente com a dívida principal.
English: The implementation of this increase in capital is subject to a condition precedent, provided for in Article 5 of the framework agreement, namely Commission approval in the light of State aid rules. Article 5 is worded as follows:
Portuguese: Nos termos do artigo 5.o do contrato-quadro, que a seguir se transcreve, a realização do aumento de capital ficou sujeita à condição suspensiva da sua aprovação pela Comissão à luz das disposições relativas às ajudas estatais:
English: IFB drafted a plan with consultants McKinsey for the restructuring of IFB’s activities in Belgium. This restructuring plan was in two parts:
Portuguese: Com o apoio da consultora McKinsey, a IFB elaborou um plano de reestruturação das suas actividades sediadas na Bélgica, no qual se previam dois processos distintos:
English: Furthermore, IFB gained an important new client, CSAV, which envisaged placing orders for a volume of 50000 TEU from 2004; Significant reduction in both personnel and maintenance costs.
Portuguese: Além disso, a IFB conseguira um novo cliente importante, a CSAV (volume previsto de 50000 TEU a partir de 2004),
English: These measures contributed to limiting the personnel required in order to reduce IFB’s general overheads by around EUR 2,55 million per annum [8] in total. IFB reduced its personnel from 210 FTE [9] in September 2002 to 175 FTE at the beginning of 2006, which represents a reduction of 17 %. These reductions can be presented in detail as follows:
Portuguese: Estas medidas contribuíram para a diminuição dos postos de trabalho necessários, permitindo um decréscimo das despesas gerais da IFB de cerca de 2,55 milhões de EUR por ano [8] Efectivamente, a IFB reduziu o seu pessoal de 210 ETI [9], em Setembro de 2002, para 175 ETI, no início de 2006, o que representa uma diminuição de 17 %, assim repartida:
English: In their reply, the Belgian authorities informed the Commission that they had reservations regarding the length of the examination. They believe they have legitimate expectations as to the legality of provisionally maintaining the rescue measures until the Commission takes a final decision on the restructuring plan.
Portuguese: Na sua carta de resposta à Comissão, as autoridades belgas exprimem reservas quanto à duração da instrução do procedimento e afirmam-se legitimamente confiantes em relação à legalidade da prorrogação do prazo inicialmente previsto para as medidas de emergência até à decisão final da Comissão sobre o plano de reestruturação.
English: Belgium considers that SNCB’s capital is not at the disposal of the Belgian authorities, but is used for SNCB’s business purposes. As a consequence, Belgium considers that it is not ‘at the disposal of the public authorities’, as required by the Stardust Marine [13] ruling.
Portuguese: A Bélgica considera que o património da SNCB não está «à disposição das autoridades» nacionais, neste caso belgas, como pressupõe o acórdão Stardust Marine [13], mas sim afectado ao objecto social da empresa.
English: IFB’s activities are therefore solely commercial activities, outside of any public tasks. Thus, still according to the Belgian authorities, they are not subject to State control as the Belgian authorities are required to respect SNCB’s independence as regards matters which are not public tasks.
Portuguese: As actividades da IFB são exclusivamente comerciais e, portanto, ainda segundo as autoridades belgas, escapam ao controlo do Estado, porque as autoridades belgas têm de respeitar a autonomia da SNCB em tudo quanto não se inscreva no âmbito das missões de serviço público.
English: According to the Belgian Government, the liberalisation measures have led to substantial capacity increases in the logistics market, as shown by the activities of IFB’s competitors during the period 2003-2005. According to the Belgian Government, competition concentrated on the intermodal sector, where five of IFB’s competitors launched a total of 12 new links in this period.
Portuguese: Segundo o Governo belga, as medidas de liberalização conduziram ao crescimento substancial da capacidade no mercado da logística, como demonstra a actividade dos concorrentes da IFB no período de 2003-2005, e a concorrência ter-se-á concentrado no segmento intermodal, onde cinco concorrentes da IFB lançaram 12 novas ligações neste período.
English: As regards the presence of the Government Commissioner on SNCB’s Management Board, the Commission notes that the commissioner’s role was limited (see also the Audit Office report on this subject [33]:): The Government Commissioner could only intervene with regard to the decision of 19 July 2002 if it was likely to prejudice the implementation of SNCB’s public service duties. In view of the amount of the aid (EUR 2,5 million) and the nature of the aid (cash advance, with interest), it has to be concluded that the decision was not such as to prejudice the implementation of SNCB’s public service duties.
Portuguese: Quanto à participação do Comissário do Governo no Conselho de Administração da SNCB, a Comissão faz notar que a sua capacidade de intervenção era limitada (v. também, sobre o assunto, o relatório do Tribunal de Contas belga) [33]: o Comissário apenas poderia interferir na decisão de 19 de Julho de 2002 se esta representasse um risco para o cumprimento das obrigações de serviço público da SNCB, objecção que, atendendo ao montante (2,5 milhões de EUR) e às características (adiantamento de tesouraria sujeito a juros) da operação, seria de todo insustentável.
English: Analysis of the case by the Commission in its letter initiating the procedure (points 143 to 150) revealed three specific indications of the imputability to the Belgian State of these rescue and restructuring measures in support of IFB. These indications were:
Portuguese: Na análise desenvolvida na sua carta de início do procedimento (n.os 143 a 150), a Comissão assinalou três indícios concretos que apontam para a imputabilidade ao Estado belga dessas medidas de emergência e de reestruturação em benefício da IFB, a saber:
Swedish: När kommissionen analyserade ärendet i sin skrivelse om att inleda förfarandet (punkterna 143–150) framkom tre konkreta indicier på att den belgiska staten kunde tillskrivas dessa undsättnings- och omstruktureringsåtgärder till förmån för IFB:
English: In its letter initiating the procedure (points 257 to 259), the Commission noted that the proposed measures did not concern the logistics market. The Commission therefore considered that the absence of measures proposed for the logistics market, together with the fact that the market is in a state of flux and that IFB had been able to increase its volume significantly, created some doubts as to whether Belgium had limited, as far as possible, the unfavourable consequences of IFB’s logistics activities on competition.
Portuguese: Na carta de início do procedimento (n.os 257 a 259), a Comissão fez notar que as medidas propostas não se referiam ao mercado da logística, adiantando que essa omissão, o facto de se tratar de um mercado em plena mutação e a circunstância de a IFB ter registado um crescimento significativo neste sector suscitavam dúvidas sobre se, no que respeita à actividade logística da IFB, a Bélgica teria limitado tanto quanto possível as consequências desfavoráveis para os concorrentes.
English: Firstly, it calculated the solvency rate of the six terminal companies which are most comparable to IFB and the solvency rate of the six logistics companies which are most comparable to IFB. Then, it calculated an average, weighting the average rates of the terminal companies and the logistics companies in relation to the relative strength of these two activities within IFB.
Portuguese: Começou por calcular o rácio de solvabilidade das seis empresas de terminais e das seis empresas de logística mais facilmente comparáveis com a IFB e, em seguida, apurou a média ponderada dos rácios médios das empresas de cada um dos sectores em função do peso relativo dessas duas actividades na IFB.
English: This credit has been described in detail in points 75 to 79 of the decision initiating the procedure. They have been obtained under market conditions, and without the offer of security on the part of SNCB or the Belgian State to the banking establishments.
Portuguese: Esses créditos, descritos em pormenor nos n.os 75 a 79 da decisão de início do processo, foram obtidos nas condições do mercado e sem garantias da SNCB ou do Estado belga perante as entidades bancárias.
English: The Commission must be put in a position to make certain that the restructuring plan is being implemented properly, through detailed regular reports communicated by the Member State concerned.
Portuguese: A Comissão deve estar em condições de se assegurar do bom andamento do plano de reestruturação através de relatórios periódicos e pormenorizados, que lhe serão comunicados pelo Estado-Membro.
English: The downward variations occurred in the middle and at the end of the restructuring period: thus, in 2004 and 2005, IFB freed up around EUR 2,7 million by lowering its working capital requirement. This was made possible by the recovery of EUR 0,9 million in working capital from OCHZ at the time of the sale of the 50 % shareholding in that company, along with a reduction in the payment period granted to customers as from 2004 in relation to 2003, in combination with an unchanged supplier payment policy.
Portuguese: Em 2004 e 2005, a IFB libertou cerca de 2,7 milhões de EUR por redução da sua necessidade de fundo de maneio na sequência da recuperação de um montante de 0,9 milhões de EUR do fundo de maneio do OCHZ na altura da venda da participação de 50 % nessa agrupamento e de uma diminuição do prazo de pagamento concedido aos clientes, a partir de 2004, enquanto se mantinha inalterada a política de pagamentos aos fornecedores.
English: Gross operating loss (‘cash drain’) excluding the effect of productivity gains –27916
Swedish: Period:1.1.2003–30.6.2006
Slovak: Hrubá prevádzková strata („cash drain“) okrem ziskov z produktivity
English: Net cost — adjusted sums Total asset value
Slovenian: Skupaj računovodska vrednost sredstev
English: By letter of 29 March 2005 (D(05)106199), the Commission asked the Belgian authorities to provide further information. This was sent by letter of 28 April 2005, registered as received by the Commission on 3 May 2005 (SG(2005)A(05)4155). (7) By letter of 31 May 2005 (D(05)111096), the Commission asked the Belgian authorities to provide further information.
Swedish: Genom en skrivelse av den 31 maj 2005 (D(05)111096) uppmanade kommissionen de belgiska myndigheterna att lämna kompletterande upplysningar, som översändes genom en skrivelse av den 30 juni 2005, diarieförd hos kommissionen den 1 juli 2005 (TREN/A(05)16598).
English: Divestiture of french shareholdings: Summary of costs incurred (in M EUR)
Swedish: Avyttring av franska andelar: Sammanställninövekostnader
English: ACIMAR NFTI-ou
Swedish: (i milj. euro)
English: IFB FRANCE DPD
Swedish: ACIMAR
English: Capital depreciation on debts 3,9 0,8 2,8
Swedish: IFB FRANCE IFB FRANCE
English: Capital depreciation on investments 16,7 0,1 5,1
Swedish: SAMTLIGA ANDELAR SAMTLIGA ANDELAR
English: 22,0 Capital increase 1,7 1,7 Total cost
Swedish: Nedskrivning av fordringar
English: (Assuming the conversion of receivables of EUR 63 million constitutes a ‘cost’ of restructuring.) (EUR 1000)
Swedish: (hypotes enligt vilken konverteringen av fordringen på 63 milj. euro till aktier utgör en ”omstruktureringskostnad”)