natgillin/translations-raw huggingface dataset:
Forpligtelser > 1 måned medtaget
Include payables > 1 month
Skattehensættelse 1992-1997
Tax provision 1992–1997
Skattehensættelse (MA) 1992-1997 medtaget
Include tax provision (Macedonian) 1992–1997
Skattehensættelse 1998-2003
Tax provision 1998–2003
Skattehensættelse (MA) 1998-2003 medtaget
Include tax provision (Macedonian) 1998–2003
Ifølge eksperterne blev NOA's åbningsbalance og omdannelsesbalancerne opstillet af selskabets revisorer, Deloitte & Touche, på grundlag af oplysninger fra ledelsen, men blev ikke revideret eller på anden måde vurderet uafhængigt.
The experts reported that Olympic Airlines’ opening balance sheet and the conversion balance sheets had been compiled by the company’s accountants, Deloitte and Touche, from information provided by management, but had not been audited or otherwise independently assessed.
I henhold til almindelig græsk selskabsret ville uafhængige revisorer skulle afgive udtalelse om, at tallene i omdannelsesbalancerne var korrekt uddraget fra selskabets underliggende regnskabsbilag.
Under ordinary Greek company law independent auditors would have to provide an opinion with words to the effect that the figures in the conversion balance sheets were properly extracted from the company’s underlying accounting records.
Lov nr. 3185/2003 tillod imidlertid NOA at undlade dette og krævede kun, at revisorerne udarbejder balancerne uden at skulle afgive udtalelse om dem.
However, Law 3185/2003 allowed Olympic Airlines to forgo this exercise, and required only that the auditors draw up the balance sheets, without having to provide an opinion on them.
Eksperterne kan ikke konkludere, om Deloitte & Touche faktisk udarbejdede balancerne, eller om de blev udarbejdet af ledelsen.
The experts could not say whether Deloitte and Touche had indeed drawn up the balance sheets, or whether they had been drawn up by management.
Deloitte & Touches rapport om deres arbejde er en beskrivende rapport, som redegør for balancernes sammensætning, og hvori de understreger, at de »ikke selv har foretaget nogen revision eller anden uafhængig undersøgelse«, og at omdannelsesbalancerne fortsat er ledelsens »fulde, absolutte eneansvar«.
Deloitte and Touche’s report on their work was a descriptive report explaining the make-up of the balance sheets, in which they emphasised that ‘no audit or other independent examination was carried out by ourselves’ and that the conversion balance sheets remained ‘the full, absolute and exclusive responsibility’ of management.
Eksperterne har derfor konkluderet, at der foruden spørgsmålene om en korrekt regnskabsmæssig behandling, der er anført i forbindelse med den tidligere konstatering, er der generelt ikke sikkerhed for tallene i åbningsbalancen på grund af, at der ikke er foretaget en revision eller en anden uafhængig kontrol heraf.
The experts concluded that in addition to the questions of proper accounting treatment set out in the previous finding, there was an overall lack of assurance over the opening balance sheet figures, because of the absence of an audit or other independent control over the exercise.
Til støtte for denne konklusion har eksperterne også henvist til revisionspåtegningen på NOA's årsregnskab for det regnskabsår, der sluttede den 31. december 2003, to en halv uge efter åbningsbalancen, hvor revisoren tog forbehold med hensyn til selskabets åbningsbalance.
In support of this conclusion, the experts also referred to the auditors’ report on the financial statements of Olympic Airlines for the year ending on 31 December 2003, two and a half weeks after the opening balance sheet, where the auditors expressed reservations in respect of the company’s opening balances.
Revisorerne har anført, at med hensyn til goodwill, værdiansatte faste aktiver og de debitorer og kreditorer, der var overført fra de deltagende selskaber til NOA, er de ikke i stand til at bekræfte værdien af disse poster, og at de derfor ikke afgiver udtalelse herom.
The auditors stated that they were not in a position to confirm the value of goodwill, fixed assets at valuation and the debtors and creditors transferred from the component companies to Olympic Airlines, and therefore did not express an opinion on them.
Lov nr. 3185/2003 giver mulighed for et kontantforskud fra den græske stat til opfyldelse af OA's og OAv's finansielle forpligtelser i forbindelse med omdannelsen og likvidationen, og dette beløb er baseret på den nominelle værdi af NOA's aktier.
Law 3185/2003 provided for a cash advance from the Greek State to cover the financial obligations of Olympic Airways and Olympic Aviation in the course of the conversion and liquidation procedure; this sum was based on the nominal value of the shares of Olympic Airlines.
Eksperterne har konkluderet, at det var i OAG's interesser […] [12] at maksimere NOA's aktiekapital primo ved at maksimere værdien af de overførte aktiver og minimere værdien af de overførte passiver.
The experts concluded that it was in the interests of the Olympic Airways group […] [12] to maximise Olympic Airlines’ opening share capital by maximising the value of transferred assets and minimising the value of transferred liabilities.
Eksperterne er nået til den konklusion, at hvis der var blevet anvendt anerkendt regnskabspraksis, havde den græske stat været i stand til kun at yde et meget lavere bidrag til OA i henhold til lov nr. 3185/2003.
The experts concluded that if recognised accounting practices had been applied, Law 3185/2003 would have permitted the Greek Government to make only a much smaller contribution to Olympic Airways.
I betragtning af OA's og NOA's likviditetssituation på tidspunktet for omstruktureringen ville en sådan nedsættelse af de likvide midler fra staten have haft alvorlige konsekvenser for OA's og NOA's evne til at fortsætte aktiviteterne.
Considering the cash position of Olympic Airways and Olympic Airlines at the time of the restructuring, such a reduction in the cash available from the Government would have had significant implications for the ability of Olympic Airways and Olympic Airlines to continue trading.
De har endvidere konkluderet, at det endelige resultat af udskilningen, privatiseringen og salget af aktiverne er, at OAG vil stå tilbage uden erhvervsmæssige aktiviteter, med minimale aktiver og en gæld på hundreder millioner euro.
They further concluded that the final outcome of the hive-off, privatisation and asset sale process was that the Olympic Airways group would be left with no trading activities, with minimal assets and with debts amounting to hundreds of millions of euro.
Insolvensbestemmelserne i henhold til græsk ret vil formentlig blive anvendt på OA og OAv, og de vil blive afviklet.
The insolvency rules in Greek law were likely to be applied to Olympic Airways and Olympic Aviation, which would be placed in liquidation.
Kreditorerne, først og fremmest den græske stat, vil bære omkostningerne.
The costs would be borne by the creditors, principally the Greek State.
EKSPERTERNES KONKLUSIONER VEDRØRENDE OA (OAS) EFTER OMSTRUKTURERINGEN
EXPERTS’ CONCLUSION ON OLYMPIC AIRWAYS (OLYMPIC AIRWAYS SERVICES) AFTER RESTRUCTURING
OA'S (OAS') SITUATION MED HENSYN TIL SKATTER OG SOCIALSIKRING
OLYMPIC AIRWAYS’ (‘OLYMPIC AIRWAYS SERVICES’) TAX AND SOCIAL SECURITY SITUATION
Eksperterne har konstateret, at OA's balance omfatter en stor skatte- og socialsikringsgæld.
The experts found that Olympic Airways’ balance sheet contained large tax and social security liabilities.
Denne har været stigende år for år, da betalingerne til skattemyndighederne ikke har svaret til de årlige forpligtelser.
These had been increasing year on year, as payments to the tax authorities had not matched annual liabilities.
Skattegælden vedrører hovedsagelig lønskat, der går flere år tilbage, og omfatter også lufthavnsafgifter, moms og selskabsskat.
The tax liability related mainly to employee payroll tax dating back several years and also included airport tax, VAT and profits tax liabilities.
I forbindelse med udskilningen af luftfartsaktiviteterne til NOA blev kun én måneds skatte- og socialsikringsforpligtelser overført til den nyoprettede enhed.
Under the hive-off of flight operations to Olympic Airlines, only one month’s tax and social security liabilities had been transferred to the newly created entity.
Socialsikringsgælden vedrører hovedsagelig selskabets primære pensionsfond.
The social security liability related primarily to the company’s main pension fund.
Tal for 2005 er ikke tilgængelige, da OA's regnskabsbilag ikke er blevet ajourført efter 31. december 2004.
Figures for 2005 are not available, as Olympic Airways’ accounting records have not been updated beyond 31 December 2004.
Socialsikring
Social security
Eksperterne har bemærket, at det fremgår af OA's revisionspåtegning for 2003, at »selskabets regnskabsbøger og bilag i vidt omfang ikke har fulgt bestemmelserne i skattelovgivningen«.
The experts noted that the Olympic Airways audit report for 2003 stated that the company’s books and records had to a great extent failed to comply with the provisions of tax legislation.
Det fremgår endvidere af påtegningen, at »skatterevisionen for årene 1998 og 1999 konkluderede, at regnskaberne og bilagene var utilstrækkelige« og at »da selskabet ikke er blevet revideret af skattemyndighederne for perioden 2000-2003, er dets skattegæld for perioden 1998-2003 ikke endelig«.
The audit report also stated that the tax audit for the years 1998 and 1999 had concluded that the books and records were inadequate, and that since the company had not been audited by the tax authorities for the years 2000 to 2003 inclusive, its tax obligations for the years 1998 to 2003, inclusive, were not final.
Eksperterne har konkluderet, at OA har en mangeårig historie med ikke at betale sin skatte- og socialsikringsgæld fuldt ud.
The experts concluded that Olympic Airways had a history, going back several years, of not paying its taxation and social security liabilities in full.
BELØBET PÅ 130312459 EUR, DER BLEV OVERFØRT OA (OAS)
THE EUR 130312459 TRANSFERRED TO OLYMPIC AIRWAYS (OLYMPIC AIRWAYS SERVICES)
Disse midler blev udbetalt i henhold til bestemmelserne i lov nr. 3185/2003 og var baseret på den nominelle værdi af aktiekapitalen i det nyetablerede selskab NOA.
The money was paid under Law 3185/2003, and was based on the nominal value of the share capital in the newly established Olympic Airlines.
Beløbet var ifølge loven »til betaling af fratrædelsesgodtgørelser og øvrige udgifter til de ansattes fratrædelse under enhver form samt opfyldelse af Olympic Airways' og Olympic Aviations finansielle forpligtelser i forbindelse med omdannelsen og likvidationen«.
According to the Law, the sum was ‘to cover severance payments and other expenses for the retirement, in whatever manner, of the employees, and to cover the financial obligations of Olympic Airways and Olympic Aviation in the course of the conversion and liquidation.’
Eksperterne har konstateret, at overførslerne blev foretaget på tidspunkter, hvor der ikke var flere midler på OA's bankkonto.
The experts found that the transfers had been made at times when Olympic Airways’ bank account was short of funds.
Der tegnede sig et tydeligt mønster i form af, at statens overførsler blev anvendt gradvist i en periode på nogle uger, hvor indbetalingerne fra andre kilder var mindre end udbetalingerne.
A pattern was evident in which the State transfers were utilised gradually over a period of weeks as cash receipts from other sources fell short of cash payments out.
På det tidspunkt, hvor bankkontoen var ved at løbe tør, blev der foretaget endnu en overførsel, og processen blev gentaget.
At the point that the bank account was close to running out of funds, another transfer was made and the process was repeated.
24. december 2003
24 December 2003
8. april 2004
8 April 2004
22. april 2004
22 April 2004
13. maj 2004
13 May 2004
Selv om det ikke er let at verificere analysen af, hvad OA anvendte midlerne til, da midlerne fra den »særlige konto« blev blandet med alle andre midler, der indgik på selskabets hovedbankkonto, har OA's ledelse oplyst over for Kommissionens eksperter, at midlerne blev anvendt på følgende måde:
It was not easy to verify the analysis of the purposes for which Olympic Airways had used the money, because the funds from the special account were not differentiated from any other funds received into the company’s main bank account, but Olympic Airways management indicated to the experts that the funds had been spent as follows:
Udgiftskategori
Expense category
Flyleasing
Aircraft leasing
Pensionsbetalinger
Retirement payments
Lønninger
Payroll
Tilbagebetaling af lån — Emporiki Bank
Repayment of loan — Emporiki Bank
DEN GRÆSKE STATS TILBAGEBETALING AF EN DEL AF LÅNET FRA ABN AMRO BANK TIL OA
REPAYMENT BY GREEK STATE OF PART OF ABN AMRO BANK LOAN TO OLYMPIC AIRWAYS
Den 9. februar 2001 indgik OA en låneaftale med ABN Amro Bank vedrørende et lån på 182198160 EUR til finansiering af OA's udflytning til den nye internationale lufthavn i Athen.
On 9 February 2001, Olympic Airways entered into a loan agreement with ABN Amro Bank for a loan of EUR 182198160 to finance the relocation of Olympic Airways to the new Athens International Airport.
Lånet skulle tilbagebetales med 16 halvårlige afdrag på 11387385 EUR, plus renter, mellem den 9. august 2003 og den 9. februar 2011, og der var stillet en statsgaranti herfor, som gav ABN Amro ret til at kræve opfyldelse af OA's betalingsforpligtelser direkte fra staten.
The loan was repayable in 16 six-monthly instalments of EUR 11387385 each, plus interest, between 9 August 2003 and 9 February 2011, and was backed by a State guarantee that entitled ABN Amro to demand fulfilment of Olympic Airways’ payment obligations directly from the State.
Ifølge vilkårene for udskilningen af luftfartsaktiviteterne til Olympic Airlines den 11. december 2003 forblev lånet som en forpligtelse i Olympic Airways.
Under the terms of the hive-off of flight operations to Olympic Airlines on 11 December 2003, the loan remained as a liability in Olympic Airways’ accounts.
Pr. 31. december 2003 havde OA betalt ét afdrag på lånet, og forpligtelsen på OA's balance var 170810775 EUR.
By 31 December 2003, Olympic Airways had paid one scheduled instalment of the loan, and the liability in Olympic Airways’ balance sheet was EUR 170810775.
Ved gennemgangen af OA's regnskabsbilag konstaterede Kommissionens eksperter, at ABN Amro havde gjort statsgarantien gældende med hensyn til det anden, tredje og fjerde afdrag på lånet.
In their review of Olympic Airways’ accounting records the experts found that ABN Amro had invoked the Government’s guarantee in respect of the second, third and fourth instalments of the loan.
Som følge heraf havde den græske stat betalt følgende afdrag på vegne af OA:
As a consequence the Greek State had paid the following instalments on behalf of Olympic Airways:
Betalt beløb (EUR)
Amount paid (EUR)
10. maj 2004
10 May 2004
8. oktober 2004
8 October 2004
9. marts 2005
9 March 2005
Eksperterne konstaterede også, at den græske stat anmodede de græske skattemyndigheder om at tilbagesøge midlerne fra OA.
The experts also found that the Government had asked the Greek tax authorities to recover the money from Olympic Airways.
Skattemyndighederne fremsendte debetnotaer til OA med anmodning om betaling.
The tax authorities had submitted debit notes to Olympic Airways requesting payment.
Beløbet er opført i OA's regnskabsbøger som gæld til skattemyndighederne, men er endnu ikke blevet tilbagebetalt.
The amount was recorded in Olympic Airways’ books as a liability to the tax authorities, but had not yet been repaid.
FINANSIELLE FLYLEASINGYDELSER (A340)
FINANCE LEASING OF AIRCRAFT (A340s)
Ved gennemgangen af OA's regnskab konstaterede Kommissionens eksperter, at den græske stat den 24. september 2004 betalte leasingydelser på i alt 11774684 EUR som kautionist i forbindelse med to finansielle leasingaftaler med Crédit Lyonnais vedrørende to A340-fly.
In their review of Olympic Airways’ accounts the experts found that on 24 September 2004 the Greek State had made lease payments totalling EUR 11774684 as guarantor under two finance lease agreements with Crédit Lyonnais for two A340 aircraft.
Ydelserne vedrører den halvårlige rate, der var forfalden den 29. juli 2004 i henhold til leasingkontrakterne vedrørende flyene.
The payments related to the six-monthly instalment due on 29 July 2004 under the lease contracts for the aircraft.
Eksperterne konstaterede, at staten anmodede de græske skattemyndigheder om at tilbagesøge midlerne fra OA.
The experts found that the Government had asked the Greek tax authorities to recover the money from Olympic Airways.
DIREKTE KONTANTUDBETALING TIL OA FRA STATEN
DIRECT CASH FUNDING OF OLYMPIC AIRWAYS BY THE STATE
Crédit Lyonnais var gået med til at lade midlerne blive frigivet fra deponeringskontoen ved gennemførelsen i december 2004 af overførslen (overdragelse) af flyleasingkontrakterne fra OA til staten.
Crédit Lyonnais had agreed to allow the money to be released from the escrow account upon completion of the transfer of the aircraft lease contracts from Olympic Airways to the State (by novation), which was due to happen in December 2004.
Overdragelsen af kontrakterne til staten blev gennemført i december 2004.
The transfer of the contracts to the State was indeed completed in December 2004.
OA tilbagebetalte ikke forskuddet fra staten, da selskabet fik midlerne udbetalt fra deponeringskontoen i december 2004.
When Olympic Airways had recovered the money from the escrow account in December 2004, it had not repaid the advance from the State.
Den 23. marts 2005 skrev den græske stat til OA og anmodede om tilbagebetaling af beløbet, plus renter.
On 23 March 2005 the State wrote to Olympic Airways requesting repayment of the amount, plus interest.
På tidspunktet for deres endelige rapport til Kommissionen (14.6.2005) bekræftede eksperterne, at OA ikke havde tilbagebetalt beløbet til staten.
At the date of their final report to the Commission, on 14 June 2005, the experts confirmed that Olympic Airways had not repaid the amount to the State.
ANDRE UDGIFTER
OTHER EXPENSES
Ved gennemgangen af OA's regnskabsbøger konstaterede eksperterne, at kreditorbalancerne pr. 31. december 2004 viste et beløb på 8 mio. EUR, som selskabet skyldte til den statsejede græske nationale kommunikationstjeneste (OTE).
In their review of Olympic Airways’ books, the experts found that the creditor balances at 31 December 2004 showed a sum of EUR 8 million owing to the State-owned Greek Telecommunications Organisation (OTE).
OA's hovedbog viste, at OA ikke betalte OTE i 2003 og 2004 for tjenester forskellige steder.
Olympic Airways’ general ledger showed that Olympic Airways had not paid OTE for services at some locations in 2003 and 2004.
4,5 mio. EUR af beløbet vedrører perioder før 2003.
Of the balance, EUR 4,5 million related to periods before 2003.
EKSPERTERNES KONKLUSIONER VEDRØRENDE NOA EFTER OMSTRUKTURERINGEN
EXPERTS’ CONCLUSIONS ON OLYMPIC AIRLINES AFTER RESTRUCTURING
NOA'S RESULTATER I 2004
OLYMPIC AIRLINES’ RESULTS IN 2004
I henhold til den græske selskabslov nr. 2190 skal der, når et selskabs nettoværdi falder til under 50 % af aktiekapitalen, indkaldes til generalforsamling og vedtages en handlingsplan for at genoprette selskabets balance og derfor kreditorbeskyttelsen; dette er ikke sket i den foreliggende sag.
Law 2190, which governed public limited companies, required that when the net worth of a company fell below 50 % of its share capital a shareholders’ meeting had to be convened to take measures to restore the company’s balance sheet and hence the protection of creditors. That had not happened in the present case.
I henhold til samme lov kan det græske handelsministerium, såfremt et selskabs nettoværdi falder til under 10 % af aktiekapitalen, inddrage selskabets tilladelse til at drive virksomhed.
Under the same law, if the net worth of a company fell below 10 % of share capital, the Ministry of Commerce had power to withdraw the company’s licence to trade.
Eksperterne har imidlertid understreget, at denne foranstaltning er en sidste udvej, som sjældent udnyttes i praksis.
But the experts said that this measure was a last resort and was rarely taken in practice.
De væsentligste grunde, som NOA's ledelse har anført for dette resultat, var:
The principal reasons advanced by Olympic Airlines management for this result were:
en negativ reaktion fra turismemarkedet på koncernens omstrukturering, hvilket medførte færre bookinger i ferieperioden julen 2003/nytåret 2004
a negative response by the tourism market to the restructuring of the Olympic Airways group, resulting in lower bookings in the Christmas 2003/New Year 2004 holiday period;
strejker blandt kabinepersonalet mellem december 2003 og februar 2004, som medførte aflyste flyvninger, færre bookinger og øgede omkostninger i den pågældende periode
cabin crew strikes between December 2003 and February 2004 that resulted in cancelled flights, lower bookings and increased costs during that period;
yderligere omkostninger i forbindelse med omstruktureringen, herunder behovet for at beskæftige betydeligt flere piloter end planlagt, og højere leasingomkostninger og flere wet lease-aftaler end forventet.
additional costs relating to the restructuring, including the need to employ significantly more pilots than envisaged, and higher lease costs and more wet leases than expected.
Da NOA ikke havde likvide reserver til at finansiere disse tab, har eksperterne konkluderet, at selskabets eneste muligheder var at låne penge eller opnå forlængede betalingsfrister hos leverandørerne.
As Olympic Airlines did not have cash reserves to finance these losses, the experts concluded that its only options were to borrow money or to obtain extended credit terms from its suppliers.
Kommissionens eksperter foretog en analyse af virksomhedens pengestrøm i 2004 og kunne påvise, at den fulgte sidstnævnte mulighed, idet gælden til kreditorerne steg med […] mio. EUR i det pågældende år.
The experts carried out an analysis of the company’s cash flow of the company in 2004, and showed that the company had followed the latter course, with creditors increasing by EUR […] million in the year.
Blandt de vigtigste stigninger i forbindelse med leverandørkontoen kan nævnes en gæld på […] mio. EUR til AIA (i 2003 havde dette beløb været […] mio. EUR).
Among the most significant increases in the suppliers account there was a sum of EUR […] million owed to AIA, up from EUR […] million in 2003.
I april 2005 indgik NOA en afviklingsaftale med AIA vedrørende betaling af […] mio. EUR af den gæld på […] mio. EUR, der var udestående på det pågældende tidspunkt.
In April 2005, Olympic Airlines entered into a settlement agreement with AIA for the payment of EUR […] million of the EUR […] million debt outstanding at that date.
Der er opnået en yderligere positiv pengestrøm gennem den forsinkede betaling af afgifter til den internationale lufthavn i Athen, og der er stillet sikkerhed i form af pant i fly på i alt 36 mio. EUR.
Additional positive cash flow had been generated by the delayed payment of charges to Athens International Airport, and security had been provided in the form of mortgages on aircraft totalling EUR 36 million.
Eksperterne har konkluderet, at NOA's aktiviteter er stærkt cykliske, hvilket fremgår af den negative pengestrøm fra oktober til marts, som kompenseres af den positive pengestrøm fra april til september.
The experts concluded that Olympic Airlines’ business was heavily cyclical, as evidenced by the negative cash flow in the months of October to March, which was compensated for by positive cash flow in the months of April to September.
Denne cyklus gentager sig selv hvert år.
This cycle repeated itself each year.
Nettokapitaltilstrømningen i sommermånederne kompenserer ikke fuldstændigt for nettoudstrømningen i vintermånederne, således at der generelt er et fortsat behov for yderligere faciliteter.
The net inflows in the summer months did not compensate in full for the net outflows in the winter months, so that overall there was an ongoing need for additional facilities.