natgillin/translations-raw huggingface dataset:
However, in the period 2006-2011 the company's own equity was negative.
Kõnealuste meetmetega anti NGle, MSRile ja CMHNile võimalus oma majandustegevust jätkata, sest vastupidiselt konkurentidele, kellel olid rahalised raskused, ei pidanud nemad seisma silmitsi tagajärgedega, mis tavaliselt oleks nende nõrku majandusnäitajaid arvestades tekkinud.
In previous cases the Commission has considered that where a company has negative equity, this implies in fact that the entire registered capital of that company has been lost and there is an a priori assumption that the criteria of point 10(a) of the R&R Guidelines are met [138].
Tegemist on konkurentsi kahjustamisega, sest teised samal turul tegutsevad ettevõtjad pidid tulema toime ilma riigiabita.
In the case of NG, the Commission considers that the only reason why the registered capital does not appear to have been lost by more than half is that the company did not adopt appropriate measures.
Kui vaadelda mõju liikmesriikidevahelisele kaubandusele, siis konkureerib Nürburgring vormel 1 võidusõitude ja Saksamaa turismiautode meistrivõistluste korraldamisel teiste liidu ringradadega, kus peetakse kõrgel tasemel motospordivõistlusi; samuti ei saa välistada, et Nürburgringi vabaajapark tõmbab ligi ka külastajaid Belgiast (mille piir Saksamaaga on Nürburgringist umbes 50 km kaugusel).
Such appropriate measures would aim at turning the company's own equity from negative to positive and, at the same time, at increasing it to an adequate level.
Sellega seoses tuleb meelde tuletada asjaolu, et ühe kaebuse esitas konkureeriv Eifelparki vabaajapargi käitaja (vt põhjendus 2).
Such appropriate measures could be either the capitalisation of losses or a capital increase or both.
Samuti ei saa jätta kõrvale asjaolu, et maastikusõiduparkide, majutus- ja toitlustusasutuste, sõiduohutuskeskuste, sõidukoolide, mitmeotstarbelistele hallide ja sularahata maksesüsteemide käitamisega ning turismiedenduse, projektide arendamise, kinnisvara ehitamise, ärijuhtimisega ning autode ja mootorratastega kauplemisega avaldati mõju liikmesriikidevahelisele kaubandusele.
In this respect, the Commission considers that a capitalisation of losses would have resulted in the loss of the entire registered capital of the company, since the accumulated losses were higher than the registered capital.
Eelis
For this reason the Commission considers that the criteria of point 10(a) of the R&R Guidelines are met in this case since 2006.
Et kontrollida, kas riigiasutuse ja ettevõtja vaheline tehing on riigiabi, tuleb komisjoni väljakujunenud praktika alusel, mida on kinnitanud kohtupraktika, aluseks võtta turumajanduslikult tegutseva investori põhimõte [149].
In addition, on the basis of point 11 of the R&R Guidelines, the Commission considers NG to have been in difficulty already since 2002, because:
Selle järgi peab turul äriühinguna toimiv riik käituma nagu eraettevõtja.
NG's annual turnover decreased by 80 % in that period, at a total amount of EUR 89,4 million, and the company had annual losses for most part of the same period;
Vastasel korral võib olla tegemist riigiabiga.
during the whole period NG had excessive debt, which increased from 119 % of turnover in 2002 to 4150 % of turnover in 2011;
Turumajanduslikult tegutseva investori põhimõtte kohaldamise korral tehakse riigiabi kindlaks selle põhjal, kas eraettevõtja oleks sarnases olukorras samamoodi käitunud.
even in 2004 and 2005, when the company's debt fell below 100 % of its turnover, that debt remained at significantly high levels of around 70 % of turnover, and also during the same years the company had reduced sales and annual losses;
Selle põhimõtte kasutamisel ei saa mittemajanduslikke kaalutlusi abi andmise põhjustena arvestada.
and (d) NG had negative equity for the most part of the same period (2006-2011).
Nagu on kindlaks määratud asjaomases kohtupraktikas, ei saa riigi meetmeid vaadelda muudest abimeetmetest lahus, vaid hinnata nendega koos [150].
MSR's key financial data during the period 2007-2011 were as follows:
Hindamaks, kas omanikele või käitajatele (kuni 30. aprillini 2010 NGle, MSRile ja CMHNile ja 1. maist 2010 kuni 31. oktoobrini 2012 ka NAGle) anti eelis, kasutatakse turumajanduslikult tegutseva investori põhimõtet.
Table 12
Esiteks ei ole 1.–19. meede pari passu tehingud [151], sest Saksamaa ei leidnud erainvestorit, kes oleks olnud valmis samaväärsetel tingimustel (nt projekti „Nürburgring 2009” I osasse) investeerima.
MSR's key financial data 2007-2011 (EUR million)
Kaks laenu andsid küll eraettevõtjad, aga nende eraldatud summad olid võrreldes avaliku sektori investeeringutega väikesed, need hõlmasid üksnes projekti „Nürburgring 2009” II osa (st peamiselt hotelle) [152] ning neid ei antud NGle ega teistele abisaajatele, vaid ainult CMHNile ja MSRile.
CMHN's key financial data during the period 2008-2011 were as follows:
Tabel 14
Table 13
Erasektori finantseerimisasutuste antud laenud CMHNile/MSRile
CMHN's key financial data 2008-2011 (EUR million)
Finantseerimisasutus
The Commission notes that it has not received any document of MSR or CMHN which would demonstrate their prospects for viability.
Aasta
On the basis of point 11 of the R&R Guidelines, the Commission considers MSR and CMHN to have been in difficulty already since 2007 and 2008, respectively, because they had minimal revenue, significant annual losses and mounting debt, which exceeded significantly their annual turnover.
Summa (miljonites eurodes)
The Commission does not agree to the argument of Germany that NG, MSR and CMHN were not in difficulty, because the construction of infrastructure and the organisation of Formula 1 and Superbike race events were carried out on behalf of the public sector and they cannot be therefore taken into account for analysis of their financial situation.
Tagatis
Firstly, the Commission finds that the construction of infrastructure for motorsport, leisure activities, accommodation and dining and the organisation of motorsport events are not special effects outside the regular business of NG, MSR and CMHN.
(miljonites eurodes)
These were the core activities within the business remit of these companies.
Bank für Tirol und Vorarlberg
Even if both their shareholders and business management saw NG, MSR and CMHN as vehicles to keep the sport infrastructure in public ownership and to organise non-profitable sport events which would not be offered without the coverage of losses by the public funding, these shareholders and business management should not allow the development of liabilities in the non-efficient and loss-making manner demonstrated by the above financial data of these companies without a sound and realistic business plan.
+ […] % maks
The above activities shall be therefore included in the financial assessment.
[…] (hüpoteek)
Secondly, the Commission considers that the fact that the construction of infrastructure for the said purpose and the organisation of motorsport events may well have contributed to NG, MSR and CMHN's difficulties does not in itself mitigate the finding that NG showed the usual signs of a firm being in difficulty already before the ‘Nürburgring 2009’ project was launched.
MSRi osade pantimine
A healthy firm would need to adapt its costs to such activities in order to survive.
Saksamaa tunnistab igatahes, et projekti II osa jaoks ei leitud pikaajalist investorit.
In the years 2008 and 2009, NG, MSR and CMHN had losses and increasing debt (increase by 537 % between 2002-2011, 4052 % between 2007-2011 and 443 % between 2008-2011, respectively).
Peale selle sai komisjon projekti „Nürburgring 2009” ja NG kohta ajavahemikuks 2006–2010 järgmised äriplaanid.
Although the Nürburgring 2009 project was implemented in 2010, the subsequent financial results of NG, MSR and CMHN indicate that their difficulties persisted.
Tabel 15
In light of the above, the Commission has reached the conclusion that NG, MSR and CMHN were firms in difficulty within the meaning of the R&R Guidelines at the time when measures 1 to 19 were provided, and that their difficulty was so severe that they would not find any financing in the market.
Projekti „Nürburgring 2009” äriplaanid (miljonites eurodes)
EXISTENCE OF STATE AID
Asjaomane äriühing/tegevus
Article 107(1) TFEU provides that any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market.
Aeg
State resources and imputability
Kulud
Part of measure 1 (increases of own capital) taken by the Land and the district of Ahrweiler as well as another part of measure 1 (transfers to the capital reserve), measures 3, 9, 16 and 19 taken by the Land alone amount manifestly to State resources imputable to the State.
Käive (2009–2020)
For the measures carried out by NG (measures 2, 4, 5, 6, 7, 10, 12, 13, 14, 15 as regards the transfer of shares of MSR to NG, 17), Germany accepts explicitly that the resources are imputable to the State.
Maksueelne kasum (2009–2020)
It is also noted that NG's supervisory board represented the Land and the district of Ahrweiler as NG's shareholders.
17 [154]
In this context, in the meeting of the supervisory board of 28 August 2005, its vice-president declared that the award of the project to private investors can take place only if the risk for the Land is small [139].
35 [154]
Also, in a workshop of the supervisory board on 20 December 2005, its vice-president stated that a decision about an investment of NG must be taken in the new cabinet after the elections in the parliament of the Land [140].
NG, MSR, CMHN konsolideeritult [155]
Moreover, the government of the Land informed about the investment Erlebnisregion Nürburgring in the government declaration of 30 May 2006 and the Council of Ministers took note on 19 September 2006 of the intention of the supervisory board of NG to implement the project under substantial participation of a private third party [141].
769 [156]
In addition, the Ministry of Economy, Transport, Agriculture and Wine as well as the Finance Ministry of the Land provided on a continuous basis opinions, comments or instructions regarding the ‘Nürburgring 2009’ project [142], which was presented by the Land to the public on 2 December 2009.
269 [156]
The Commission considers that also the loan granted by NG to MSR through PNG as an intermediary (measure 6) is a measure carried out by NG and thus imputable to the State.
Igal juhul tegi komisjon kõnealuste äriplaanide kontrollimisel, mille juures ta kohaldas turumajanduslikult tegutseva investori põhimõtet, kindlaks järgmist:
As regards the ISB loan (measure 8) and the rescheduling of interests (measure 18), Germany has acknowledged that the Land instructed ISB to grant the loan.
osa 1., 2. ja 3. meetmest võeti juba enne esimese äriplaani koostamist 2005. aasta detsembris.
Concerning the loans granted by RIM to MSR through Mediinvest and PNG as an intermediaries (measure 11) and the transfer of shares of MSR to RIM (part of measure 15), the Commission notes that RIM is a public institution with the mission of supporting the Land's policy in economic and structural development [143].
Seetõttu ei saa lähtuda sellest, et meetmete võtmine otsustati asjaomaste äriplaanide alusel;
Therefore, for the purpose of the above-mentioned measures, ISB and RIM constitute instruments of the State in the application of its policy, which demonstrates the imputability of ISB and RIM's actions to the State insofar as these measures are concerned.
osa 2. ja 3. meetmest võeti ühel ajal esimese äriplaani koostamisega (2005. aasta detsembris).
Resources imputable to the State are therefore involved in all the measures.
Komisjon märgib, et neid meetmeid võeti avaliku sektori püsiva toetusega, mida oli hakatud andma juba varem (2002. aastal või enne seda), ilma erasektori vahenditeta ja sellise ettevõtja toetuseks, mille finantsolukord halvenes.
Economic activity
Seetõttu ei saa 2. ja 3. meetme asjaomaseid osi vaadelda varasematest meetmetest (1., 2. ja 3. meetme osadest) eraldi, vaid need on pigem viimaste jätkuks ja seetõttu tuleb neid käsitleda lisaeelise andmisena;
By analogy with the Leipzig/Halle judgment [144], the construction of infrastructure can be considered an economic activity if it is intrinsically linked to a commercial exploitation of the infrastructure, which is the case here.
2009. aasta märtsist detsembrini sisaldasid äriplaanid ka vormel 1 tegevusala.
The operation of sport facilities (including race tracks and off-road parks), leisure parks [145], accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, and cash free payment systems, and their lease to professional or non-professional users [146], are an economic activity for both the owner and operator.
Kuid prognooside kohaselt oli see tegevusala kogu ajavahemikus 2009–2020 kahjumlik ning selle käive oli stabiilne ja samal tasemel kui 2009. aastal; seega näib, et vormel 1 tegevusala ümberkorraldamist ei olnud ette nähtud.
Consequently, the construction or renovation of infrastructure which is indissolubly linked to these activities is also an economic activity.
Samuti märgib komisjon, et nendes plaanides prognoositud tulu oli palju väiksem kui varasemates plaanides (7–9 miljonit eurot võrrelduna 22–40 miljoni euroga).
By contrast, non-economic activities include the use of a sport facility at the level of non-professional users [147] and the training of youngsters by professional sport clubs if accounts are separated from the accounts for the economic activities [148].
Need asjaolud vähendavad nende ärimudelite usaldusväärsust, mis esitati äriplaanides 2009. aasta märtsist detsembrini.
In view of the indissoluble link between the infrastructure and the economic activity for which it is used the construction, upgrade or operation of Nürburgring sport and tourism infrastructure are thus economic activities for the investors and operators, even if the revenues from the operation of the infrastructure do not cover the costs of its construction and if more than 90 % of sport activities at Nürburgring qualify as amateur sport.
Nii 2010. aasta juulikuises kui ka septembrikuises äriplaanis nähti halvima stsenaariumi korral ette kahjumi saamine kuni 2030. aastani, st äritegevust ei peetud elujõuliseks.
The latter fact plays a role only at the level of users:
2010. aasta septembris koostatud äriplaanis prognoositi lõpuks kasumi teenimist ajavahemikus 2016–2030, kuid see plaan ei hõlmanud tundlikkusanalüüsi (st halvima stsenaariumi näitajaid).
non-professional users are not undertakings.
Samuti ei arvestatud selles plaanis NG tegelike majandustulemuste järsu halvenemisega samal ajavahemikul (negatiivne omakapital, kohustuste märkimisväärne suurenemine, käibe vähenemine, iga-aastane kahjum).
The organisation of Formula 1 or other motorsport races is a provision of services on the market of professional sport which considerably benefits from broadcasting rights.
Arvestades turumajanduslikult tegutseva investori põhimõtet, võib meetmeid ükshaaval vaadeldes öelda järgmist.
Financing of Formula 1 or other motorsport events is not exempt from the remit of State aid law for the mere reason that they are run with a structural deficit or implement the objectives of regional policy.
meetme (kapitali andmine NGle liidumaa ja Ahrweileri maakonna poolt sissemaksete tegemise kaudu kapitalireservi ja kapitali suurendamise kaudu) kohta märgib komisjon, et esitatud äriplaanide analüüs on asjakohane.
The Commission thus considers that Formula 1 and other motorsport racing is an economic activity.
Ükski erainvestor ei oleks NGle 2004. ega järgnevatel aastatel kapitali andnud.
Promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes also qualify as economic activities.
Kapital, mille liidumaa andis NGle 1. mail 2002 (2179000 eurot) ja 21. detsembril 2004 (22839241 eurot) ning liidumaa ja Ahrweileri maakond 4. septembril 2007 (10000000 eurot), kujutab endast seega endast riigiabi kogu antud kapitali ulatuses.
Selectivity
meetme (NG osanikulaen enne projekti „Nürburgring 2009” algust) puhul leiab komisjon Saksamaa esitatud majandusnäitajate põhjal, et EWN, Camp4Fun ja TTI olid igal aastal kahjumis ning nende omakapital oli negatiivne, kui nad said 2. meetme asjaomased osad (vt tabelid 1–4).
The Commission considers that the measures have a selective character at the level of the operator (NG for measures 1, 3, 8, 9, 13, 14, 16, 18 and 19; EWN, FSZ, MAN, TTI, BWN, BWNB, Camp4Fun for measure 2; MSR for measures 4, 5, 8, 9, 11, 12, 18 and 19; CST for measure 5; MIB for measure 7; CMHN for measures 8, 9, 18 and 19; NAG for measures 10 and 17; Mediinvest, Geisler & Trimmel and Weber for measure 15), as they reserve favourable treatment for that operator.
Samal ajal olid BWN1, BWNB ja BWN2, kes said laenu 2004.–2007. aastal, kogu kõnealusel ajal kahjumis ning nende omakapital oli 2005., 2006. ja 2007. aastal negatiivne.
Distortion of competition and effect on trade
Teisest küljest märgib komisjon Saksamaa esitatud majandusnäitajate põhjal, et FSZ ei olnud raskustes, kui ta sai oma osa 2. meetmest, sest tema majandusnäitajate põhjal ei esinenud ühtegi suuniste punktis 11 esitatud tunnust.
With regard to measures 1 to 19, there is a distortion of competition in the markets of the operation of race tracks, off-road parks, leisure parks, accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, cash free payment systems, promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes, since the aid to the Nürburgring infrastructure and the Formula 1 activities promotes the use of this infrastructure.
Laenu andmine ettevõtjatele, kes olid niisugustes raskustes, et ükski erainvestor ei oleks neile ükskõik millise intressiga laenu andnud, eriti kuna nad kuulusid ettevõtjale, mis oli ise suurtes raskustes (NG), kujutab endast eelise andmist nendele ettevõtjatele kogu laenu ulatuses.
The organisation of Formula 1 racing and other motorsport events promotes the access of customers to those events.
NG laenud oma tütarettevõtjatele EWNile (6195170,02 eurot), BWNle/BWNBle (3760000 eurot), Camp4Funile (450000 eurot), MANile (100000 eurot) ja TTIle (25000 eurot) ei ole seega kooskõlas turumajanduslikult tegutseva investori põhimõttega.
The measures in question enabled NG, MSR and CMHN to continue operating so that they did not have to face, as other competitors having financial difficulties, the consequences normally deriving from their difficult financial results.
Sellega seoses tuleb öelda, et äriühingutele MAN ja TTI antud laenud on väiksemad kui vähese tähtsusega abi ülempiir, kuid Saksamaa ei ole ei väitnud ega tõestanud, et kõik komisjoni määruse (EÜ) nr 1998/2006 [157] tingimused olid täidetud.
This distorts competition as other companies active in the same markets need to operate without such State support.
Määrust saab siiski kasutada abi sissenõudmise etapis, kui Saksamaa tõestab, et kõik asjaomased tingimused olid täidetud.
As regards the effect on trade between Member States, Nürburgring with its Formula 1 and the German Touring Car Championship competes with other race tracks in the Union organising top motorsport competitions and it cannot be excluded that the Nürburgring leisure park could attract visitors from Belgium (its border with Germany is around 50 km far from the Nürburgring).
Edasi märgib komisjon, et FSZle antud laenuga (646738,12 eurot) ei antud eelist, sest selle 6 % intressimäär oli turul tavapärane, kuna see oli vastavuses laenu andmise ajal Saksamaal kehtinud baasintressimääraga (2002. aasta aprillis 5,06, 2003. aasta märtsis 4,8 ja 2008. aasta märtsis 5,19) [158] ning FSZ finantsolukorrale lisatavate baaspunktidega (100 baaspunkti), arvestades, et laenu saamise ajal ei esinenud FSZ suhtes suuniste punktis 11 sätestatud märke [159].
It has to be recalled that a complaint has been received from the competing leisure park operator Eifelpark (cf. recital 2).
Seetõttu ei olnud FSZle antud laen riigiabi.
It can also not be excluded that there is an effect on trade between Member States in respect of the operation of off-road parks, accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, cash free payment systems, as well as in respect of promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes.
Seoses 3. meetmega (liidumaa laenud NGle kontsernikonto kaudu) ei esitanud Saksamaa ühtegi tõendit selle kohta, et NG ei saanud kasu intressimäärast, mis oli konkurentidele kehtivate tingimustega võrreldes soodsam.
Advantage
Liiatigi on raske ette kujutada, et ettevõtja, kes on NGga võrreldavates rahalistes raskustes, turult üldse laenu saaks, rääkimata intressimääradest.
According to the settled practice of the Commission and as confirmed by the case law, the criterion for assessing whether a transaction between a public body and an undertaking amounts to State aid is the market economy investor principle [149].
Seega ei olnud kontsernikonto kaudu rahastatud meetmete võtmine kooskõlas turutingimustega.
It follows from this principle that, when the State acts in a market as a commercial operator, it must do so in a way comparable to a private operator.
Laenu andmine ettevõtjale, kes on sellistes raskustes, et ükski erainvestor ei annaks talle mitte mingisuguse intressiga laenu, kujutab endast eelise andmist kogu laenu ulatuses.
If the State does not do so, State aid could be involved.
Laenud, mille NG sai liidumaalt alates 30. juunist 2003 kuni 11. maini 2010 (vt laenude loetelu tabelis 5), hõlmavad abi 399805370 euro suuruses kogusummas.
In other words, when the market economy investor principle is applicable, the benchmark for appreciating whether a transaction involves State aid is whether a private operator placed in a similar situation would have behaved in the same way.
Laenu andmine ettevõtjale, kes on sellistes raskustes, et ükski erainvestor ei annaks talle mitte mingisuguse intressiga laenu, kujutab endast eelise andmist kogu laenu ulatuses.
In applying this principle, non-economic considerations cannot be taken into account as reasons for granting support measures.
Eelis, mille NG andis MSRile 27. detsembril 2007 eraldatud 300000 euro suurusega laenuga, on seetõttu võrdne 300000 euroga.
As established by relevant jurisprudence, the provision of the measures by the State cannot be seen in isolation, but will have to be considered in the context of other aid measures [150]
Toetuskirjaga, mille NG andis 23. detsembril 2009 CST kasuks, nõustus NG rahastama CST rahalisi kohustusi, mida CST täita ei suuda.
In order to assess whether an advantage was conferred to the owners or the operators (NG, MSR and CMHN until 30 April 2010, and also NAG from 1 May 2010 to 31 October 2012), the market economy investor principle shall therefore be applied.
Selliste rahaliste kohustuste täitmine pidi toimuma laenu abil, mille NG annab CSTle intressimääraga 6 %.
First of all, measures 1 to 19 are not pari passu transactions [151] because Germany had not found a private investor who would invest under comparable conditions (for instance, in Part I of the ‘Nürburgring 2009’ project).
Kohustus hõlmas ka NG selliste nõuete allutamist, mis tulenesid laenudest, mida NG rahastas 23. detsembril 2009. aasta toetuskirjaga, kus nähti ette, et NG asjaomased nõuded CST vastu paigutuvad viimasele järjekohale, pärast kõigi teiste võlausaldajate nõudeid CST vastu.