natgillin/translations-raw huggingface dataset:
Finally, section E(b)(V) of the EU's 1998 guidelines to calculate the amount of a subsidy assumes the existence of debt forgiveness or default.
Konačno, u odjeljku E točki (b) podtočki V. smjernica iz 1998. za izračun iznosa subvencije potreban je oprost duga ili status neispunjenja obveza.
The alleged economic situation of the concerned companies did not justify the treatment of certain loan amounts as grants.
Navodna gospodarska situacija predmetnih društava nije opravdala činjenicu da se s određenim iznosima zajmova postupalo kao s bespovratnim sredstvima.
Indeed, the concerned companies formed part of a large group of companies, and their loans were guaranteed by the parent companies.
Predmetna društva bila su dio velike grupacije društava i za njihove zajmove jamčila su matična društva.
In addition, EU producers were also making losses since 2012, but still received loans and were able to refinance their debts.
Osim toga, i proizvođači iz EU-a su od 2012. poslovali s gubicima, ali su usprkos tome dobivali zajmove i mogli refinancirati svoje dugove.
The exporting producers mainly echoed the comments of the GOC.
Proizvođači izvoznici uglavnom su ponovili primjedbe kineske vlade.
However, some additional specific comments were received from the Shougang Group:
Međutim, društvo Shougang Group dostavilo je neke dodatne posebne primjedbe:
The Shougang Group noted that certain loan amounts were reclassified as grants for three companies of the Group without adequate explanation or reasoning.
Društvo Shougang Group napomenulo je da su određeni iznosi zajmova za tri društva iz njegove grupacije ponovno razvrstani kao bespovratna sredstva bez odgovarajućeg objašnjenja ili razloga.
The Shougang Group as a whole was profitable during 2014 and 2015, and had high levels of undistributed profits.
Tijekom 2014. i 2015. društvo Shougang Group u cjelini je ostvarivalo dobit i imalo visoke razine neraspodijeljene dobiti.
On the first point, the Commission disagreed with the GOC's statement that it did not disclose the essential facts related to the State support underlying the Commission's findings.
U pogledu prve točke Komisija se nije složila s tvrdnjom kineske vlade da nije otkrila bitne činjenice povezane s državnom potporom na kojima se temelje njezini nalazi.
The State support mentioned in recital (211) above was part of the overall reasoning on preferential lending and thus referred to the same evidence as the one already described at large in sections 3.4.1 to 3.4.3.
Državna potpora navedena u uvodnoj izjavi (211) bila je dio općeg obrazloženja o povlaštenim zajmovima te se odnosila na dokaze koji su već detaljno opisani u odjeljcima od 3.4.1. do 3.4.3.
In addition, the Commission provided some additional reasoning on the existence of State support to some companies in the steel industry having financial difficulties in section 3.5 below.
Osim toga, Komisija je dostavila određeno dodatno obrazloženje u pogledu postojanja državne potpore za određena društva u industriji čelika koja se nalaze u financijskim teškoćama u odjeljku 3.5. u nastavku.
As both the Shougang Group and the Benxi Group were considered to be national champions, the reasoning described in section 3.5 also applies to them.
Budući da su se društva Shougang i Benxi Group smatrala nacionalnim prvacima, obrazloženje iz odjeljka 3.5. primjenjuju se i na njih.
Concerning the second and third points, the Commission clarified that it had not considered the loans provided to the sampled companies to equate to grants as such.
U pogledu druge i treće točke Komisija je pojasnila da zajmove odobrene društvima u uzorku nije smatrala bespovratnim sredstvima.
Contrary to what was stated by the GOC, the Commission had not changed the legal nature of the financial contribution from loans to grants.
Protivno tvrdnjama kineske vlade Komisija nije izmijenila pravnu prirodu financijskog doprinosa iz zajma u bespovratna sredstva.
Rather, the Commission had acknowledged that the loans provided to the companies had payment obligations attached to it.
Naprotiv, Komisija je priznala da su zajmovi odobreni društvima uključivali obveze plaćanja.
Only when calculating the benefit of such transaction, the Commission did not make a comparison of interest rates, but took the outstanding capital amount of the loan as a starting point.
Komisija pri izračunu koristi od takve transakcije nije usporedila kamatne stope, nego je kao polazište uzela nepodmirenu glavnicu zajma.
In this respect, the Commission further specified that it did not take the entire amount of the loan into account for the benefit calculations.
Komisija je u tom pogledu navela i da pri izračunu koristi nije uzela u obzir cjelokupan iznos zajma.
Only the outstanding part of the loans was taken as a starting point, and several downward adjustments were subsequently made on this amount.
Kao polazište je uzet samo nepodmireni dio zajma, a kasnije je taj iznos više puta prilagođen na nižu razinu.
First, the benefit was determined based on the outstanding capital amount of the loan minus the interest paid during the IP.
Prvo, korist je utvrđena na temelju nepodmirene glavnice zajma koja je umanjena za kamate plaćene tijekom RIP-a.
Second, the capital amount of the loan was adjusted by depreciating it according to the underlying purpose of the loan.
Drugo, glavnica zajma prilagođena je s pomoću amortizacije u skladu s osnovnom svrhom zajma.
If the purpose of the loan was labelled as liquidity/working capital, the full amount was taken.
Ako je svrha zajma bila likvidnost/obrtni kapital, upotrijebljen je puni iznos.
If the loan was clearly linked to a long-term investment, the capital amount was depreciated over the duration of the loan, and only the amount allocated to the IP was taken into consideration.
Ako je zajam bio jasno povezan s dugoročnim ulaganjima, glavnica je amortizirana tijekom razdoblja trajanja zajma, a u obzir je uzet samo iznos dodijeljen RIP-u.
Finally, the amount of the benefit was further adjusted to reflect only the number of days in the IP the loan was running.
Naposljetku, iznos koristi bio je dodatno prilagođen kako bi odražavao samo broj dana tijekom RIP-a koji odgovara trajanju zajma.
All these adjustments show that the Commission did not take into account the full amount of the loan for the benefit calculation.
Sve te prilagodbe upućuju na činjenicu da Komisija pri izračunu koristi nije uzela u obzir cjelokupni iznos zajma.
Therefore, the Commission found that the reasoning as applied in the Panel Report in EC — DRAMS was not applicable to this investigation.
Stoga je Komisija utvrdila da obrazloženja iz Izvješća povjerenstva u predmetu EZ – DRAM-ovi nisu primjenjiva u ovom ispitnom postupku.
That case, dealt with a question of calculation methodology [34], and the Panel mainly took issue with the fact that the EC had taken the full amount of Hynix's loans as a benefit, without taking into consideration the obligations attached to it [35].
U tom se predmetu bavilo pitanjem metodologije izračuna [34], a povjerenstvo je izrazilo zabrinutost uglavnom zbog činjenice da je EZ cijeli iznos Hynixovih zajmova smatrao korišću, ne uzimajući pritom u obzir povezane obveze [35].
As this was not the case in the current investigation, this claim was therefore rejected.
S obzirom na to da to nije bio slučaj u ovom ispitnom postupku, ta je tvrdnja odbačena.
With respect to the GOC's claim that the financial situation of the Shougang and Benxi Groups corresponded to a ‘BB’ rating, which should be sufficient to obtain loans on the market, the Commission recalled that it made a differentiated assessment of the companies at the group level and the companies at the level of the production companies.
U vezi s tvrdnjom kineske vlade da je financijsko stanje društava Shougang i Benxi Group odgovaralo rejtingu „BB”, što bi trebalo biti dostatno za dobivanje zajma na tržištu, Komisija je podsjetila da je napravila različitu procjenu društava na razini grupacije i na razini proizvođača.
The Commission's conclusion was that the financial situation corresponding to a BB rating was only applicable at the level of the group, but not at the level of the companies involved in production activities.
Komisija je zaključila da je financijsko stanje koja odgovara rejtingu BB bilo primjenjivo samo na razini grupacije, a ne na razini društava uključenih u proizvodne djelatnosti.
It thus rejected this claim.
Stoga je ta tvrdnja odbačena.
With respect to the GOC's observation that the EU producers were also making losses, but were still able to refinance their debts, the Commission noted that, contrary to the situation in the PRC, the refinancing of debts of the EU industry took place at the level of the overall group, not at the level of the production companies.
U pogledu primjedbe kineske vlade da su i proizvođači iz EU-a bilježili gubitke, ali su usprkos tome mogli refinancirati svoje dugove, Komisija je primijetila da je, za razliku od situacije u NRK-u, refinanciranje dugova industrije EU-a provedeno na razini grupacije, a ne na razini proizvođača.
The financial situation of the EU industry at the level of the group was not the same as at the level of the individual production companies.
Financijsko stanje industrije EU-a na razini grupacije i na razini pojedinačnih proizvođača nije bilo ista.
In particular, the consolidated financial statements of the Arcelor Mittal, Thyssen Krupp and Tata Groups all showed profits during the IP.
Konkretno, konsolidirani financijski izvještaji društava Arcelor Mittal, Thyssen Krupp i Tata Groups upućuju na dobit tijekom RIP-a.
In addition, as described in recital (192) above, the terms and conditions of the refinancing operations in the EU and in the PRC were very different.
Osim toga, kako je opisano u uvodnoj izjavi (192), uvjeti refinanciranja u EU-u i NRK-u bili su vrlo različiti.
Therefore, this observation was ill-founded.
Stoga je to opažanje neutemeljeno.
As for the Shougang Group more specifically, the fact that the Group as whole has been profitable did not put in question the Commission's calculation methodology on reported loans.
Kada je riječ o društvu Shougang Gruoup, činjenica da je cijela grupacija ostvarivala dobit ne dovodi u pitanje metodologiju izračuna Komisije u pogledu prijavljenih zajmova.
As explained in (156), companies in the group have been assessed separately and conclusions and treatment adapted according to their individual situation.
Kako je objašnjeno u uvodnoj izjavi (156), društva u grupaciji ocijenjena su zasebno te su zaključci i postupanje prilagođeni njihovim pojedinačnim situacijama.
This approach was confirmed during the verification visit where parties stated that in its assessment of the guarantor, the specific company's situation is considered and not the situation at group level.
Taj je pristup potvrđen tijekom posjeta radi provjere tijekom kojeg su strane navele da je u ocjeni jamca u obzir uzeta situacija određenog društva, a ne situacija na razini grupacije.
As for the guarantees, except for Qian'an Coal, no information was provided in the questionnaire replies on the guarantors of the reported loans.
Što se tiče jamstava, nije jedno društvo osim društva Qian'an Coal u odgovorima na upitnik nije dostavilo informacije o jamcima za prijavljene zajmove.
Concerning the financial situation of the Jingtang production company, this company has been continuously loss-making since the start of its commercial operations in 2010, except for the years 2014 and 2015, when it barely managed to break even with profits in a range of 0 % to 0,5 %.
U pogledu financijskog stanja proizvođača Jingtang, to je društvo od početka poslovanja u 2010. neprekidno bilježilo gubitke, osim u 2014. i 2015. kada je jedva je uspjelo ostvariti točku pokrića uz dobit u rasponu od 0 % do 0,5 %.
In addition, since its creation, this company has recorded accumulated losses of [13-16] billion RMB.
Osim toga, to društvo od svog nastanka bilježi akumulirane gubitke od [13–16] milijarde CNY.
The company has continuously performed far below the expectations raised in the feasibility report on which the approval of the Jingtang construction project was based.
Društvo neprekidno posluje daleko ispod očekivanja navedenih u izvještaju o izvedivosti na kojem se temeljilo odobrenje građevinskog projekta Jingtang.
During the IP, an asset evaluation report was drawn up in relation to a change in the shareholding structure of Shougang Jingtang.
Slijedom promjene u dioničarskoj strukturi društva Shougang Jingtang tijekom RIP-a sastavljeno je izvješće o evaluaciji imovine.
This report evaluated the net value of the company during the IP at less than a third of the initial investment amount.
U tom izvješću neto vrijednost društva tijekom RIP-a ocjenjena je na manje od trećine početnog iznosa ulaganja.
The Commission therefore maintained its conclusions with respect to the Jingtang production company.
Komisija je stoga zadržala svoj zaključak u pogledu proizvođača Jingtang.
With respect to Shougang Group's questioning of the Commission's calculation methodology, the Commission clarified that it did notice that in all Chinese companies the operating profit reported in the financial statements actually was the profit after payment of the financial expenses.
Kada je riječ o sumnjama društva Shougang Group u pogledu metodologije izračuna Komisije, Komisija je pojasnila da je primijetila da je operativna dobit iskazana u financijskim izvještajima svih kineskih društava ustvari dobit nakon plaćanja financijskih rashoda.
Therefore, when calculating its financial indicators, the Commission had added the financial expenses back to the operating profit in order to know the earnings before interest expenses of each company.
Stoga je pri izračunu financijskih pokazatelja Komisija na operativnu dobit ponovno dodala financijske rashode kako bi dobila dobit prije kamatnih rashodaza svako trgovačko društvo.
Therefore, the Commissions maintained its position on the calculation of the financial indicators.
Stoga je Komisija zadržala svoje stajalište o izračunu financijskih pokazatelja.
Upon disclosure, the Shougang Group also criticised the lack of detail with respect of the Commission's treatment of three of its producing companies.
Nakon objave društvo Shougang Group kritiziralo je Komisiju da nije iznijela dovoljno detalja o svojem postupanju s njegova tri proizvođača.
The Commission observed that it provided full detail in its second specific disclosure.
Komisija je primijetila da je sve detalje iznijela u svojoj drugoj objavi za pojedinačno društvo.
In the case of Qian'an Coal, the company had recorded marginal profits (close to the break-even point) before 2014, a small profit in 2014 (less than 3 %), and was loss-making during the IP.
Društvo Qian'an Coal bilježilo je zanemarivu dobit (blizu praga pokrića) prije 2014., te je godine ostvarilo malu dobit (manje od 3 %), a tijekom RIP-a bilježilo je gubitke.
About one third of the short-term loans of the company granted during the IP (and representing around one third of the total outstanding debt of the company) are considered to be revolving loans.
Otprilike jedna trećina kratkoročnih zajmova koje je društvo dobilo tijekom RIP-a (što čini otprilike trećinu ukupnog nepodmirenog duga društva) smatra se revolving zajmovima.
Shougang Mining had been continuously loss-making over the period 2012 to 2015, except in 2013, when it generated a small profit margin.
Tijekom razdoblja 2012.–2015. društvo Shougang Mining neprekidno je bilježilo gubitke, osim u 2013. kada je ostvarilo malu profitnu maržu.
Shougang Mining had a continuously high leverage (debt/asset ratio around 80 %) over the past 5 years, and did not generate enough operating profit to cover the payment of its interest expenses in any of the past 5 years (interest coverage ratio < 1).
Društvo Shougang Mining je tijekom posljednjih pet godina imalo stalnu visoku razinu zaduženosti (omjer duga u odnosu na imovinu oko 80 %), a operativna dobit u tom razdoblju nije bila dovoljna za pokrivanje kamatnih rashoda (omjer pokrivenosti kamata < 1).
The only loan granted to the company during the IP was considered to be a revolving loan.
Jedini zajam dodijeljenog društvu tijekom RIP-a smatra se revolving zajmom.
The Commission therefore maintained its conclusions with respect to Qian'an Coal and the Shougang Mining companies.
Komisija je stoga zadržala svoje zaključke u odnosu na društva Qian'an Coal i Shougang Mining.
Xishan Coking was created at the end of 2009, and started with a large loss (exceeding 300 million RMB), which had still not been absorbed during the IP.
Društvo Xishan Coking osnovano je krajem 2009., a poslovanje je započelo s velikim gubitkom (više od 3 milijuna CNY) koji tijekom RIP-a još nije bio apsorbiran.
The turnover of the company had been decreasing over the past 4 years and the company was increasingly leveraged over that time span.
Tijekom posljednje četiri godine promet društva bio je padu i društvo se u tom razdoblju vrlo zadužilo.
Many loans granted to the company during the IP were considered to be revolving loans.
Mnogi zajmovi odobreni društvu tijekom RIP-a smatrali su se revolving zajmovima.
However, the Commission accepted the claim by the Shougang Group that a high proportion of the debts of the Xishan Coking could actually be attributed to Jingtang and that the financial results of Xishan Coking were highly affected by this fact.
Međutim, Komisija je prihvatila tvrdnju društva Shougang Group da se velik udio dugova društva Xishan Coking može se pripisati društvu Jingtang i da je ta činjenica imala snažan utjecaj na financijske rezultate društva Xishan Coking.
The Benxi Group presented itself in a generally difficult financial situation according to its own financial accounts.
Društvo Benxi Group se na temelju vlastitih financijskih izvještaja nalazilo u teškom financijskom stanju.
It was loss-making in 2015, it was highly leveraged and it continuously increased its liabilities over the period 2012-2015.
U 2015. bilježilo je gubitke, bilo je vrlo zaduženo, a tijekom razdoblja 2012.–2015. neprestano je povećavalo svoje obveze.
Furthermore, revolving loans were found on-spot during the verification at the level of the parent company.
Nadalje, tijekom provjere na terenu utvrđeno je postojanje revolving zajmova na razini matičnog društva.
At the level of the company involved in the production of HRF, the financial statements as well as evidence found relating to specific loans showed that this company was operating as an ongoing concern despite consecutive years of losses or marginal profits, continuously increasing debt to assets ratios, worsening financial indicators and an uncertain outlook for the future.
Na razini društva uključenog u proizvodnju toplovaljanih plosnatih proizvoda financijski izvještaji i dokazi prikupljeni u vezi s određenim zajmovima upućivali su na činjenicu da je to društvo nastavilo poslovati unatoč godinama gubitaka ili granične dobiti, sve većem omjeru duga u odnosu na imovinu, financijskim pokazateljima koji se pogoršavaju te nesigurnim izgledima za budućnost.
The company did not generate enough operating profit to cover the payment of its interest expenses during the entire period 2012-2015.
Tijekom cijelog razdoblja 2012. – 2015. društvo nije ostvarilo operativnu dobit dovoljnu za plaćanje kamatnih rashoda.
Furthermore, the Commission also found one revolving loan among the sampled loans, and in the loan tables, some short term loans were replaced with new loans for the same amount at expiry.
Nadalje, Komisija je u uzorku zajmova utvrdila i jedan revolving zajam, a u tablicama zajmova neki su kratkoročni zajmovi na dan isteka zamijenjeni novim zajmovima s istim iznosom.
Despite these circumstances, the Benxi Group was awarded a AA+ domestic credit rating during the IP by a Chinese subsidiary of Moody's.
Usprkos tim okolnostima društvu Benxi Group je tijekom RIP-a kineska podružnica agencije Moody's dodijelila domaći kreditni rejting AA+.
However, the general disclaimer of this subsidiary highlights that it only provides domestic ratings reflecting relative credit risk within China, whereas Moody's role is to provide management expertise, technological support and analyst training.
Međutim u općoj izjavi o ograničenju odgovornosti te podružnice navodi se da ona dodjeljuje samo domaće kreditne rejtinge koji odražavaju relativni krediti rizik u Kini, a agencija Moody's osigurava stručno znanje, tehnološku potporu i osposobljavanje analitičara.
Therefore, in light of the overall distortions of Chinese credit ratings mentioned in recitals (159) to (161) above, as well as the evidence found during the verification, the Commission disregarded the Chinese rating of the Benxi Group.
Uzevši u obzir činjenicu da je kineski kreditni rejting općenito iskrivljen, kako je navedeno u uvodnim izjavama od (159) do (161), i dokaze utvrđene tijekom provjere Komisija je zanemarila kineski rejting društva Benxi Group.
Furthermore, the Commission concluded that at the level of the production company, the situation was such that that this company would not have had access to further loans during the IP absent State support.
Komisija je osim toga zaključila da je na razini proizvođača stanje bilo takvo da to društvo bez državne potpore tijekom RIP-a ne bi imala pristup dodatnim zajmovima.
Rather, the benefit during the IP derived from the award of loans which would probably not have been granted absent the State support based on the company's overall financial situation.
Umjesto toga, ta je korist tijekom RIP-a proizišla iz dodjele zajmova koji na temelju cjelokupnog financijskog stanja tog društava vjerojatno ne bi bili odobreni bez državne potpore.
In this respect, the Commission noted that the Benxi Group is a large SOE which was earmarked as a ‘champion’ in the 12th 5 Year Steel Plan.
U tom pogledu Komisija je navela da je društvo Benxi Group veliko poduzeće u državnom vlasništvu koje je u 11. i 12. petogodišnjem planu za industriju čelika navedeno kao „prvak”.
Therefore, as illustrated in section E(b)(V) of the 1998 guidelines, the Commission decided to treat the outstanding amounts of these loans during the IP as a grant provided in pursuit of governmental policies.
Komisija je zato, kako je utvrđeno u odjeljku E točki (b) podtočki V. smjernica iz 1998., odlučila neotplaćene iznose tih zajmova tijekom RIP-a smatrati bespovratnim sredstvima osiguranim za obavljanje vladinih politika.
The benefit conferred was determined based on the outstanding capital amount of the loan minus the interest paid during the IP.
Korist je utvrđena na temelju nepodmirene glavnice zajma koja je umanjena za kamate plaćene tijekom RIP-a.
The capital amount of the loan was adjusted by depreciating it according to the underlying purpose of the loan.
Glavnica zajma prilagođena je s pomoću amortizacije u skladu s osnovnom svrhom zajma.
The claims and arguments put forward by the GOC and some sampled companies with regards to the general methodology for the relative spread and the use of a proxy benchmark applies equally to the Benxi Group.
Tvrdnje i argumenti koje su kineska vlada i nekoliko društava u uzorku iznijeli u pogledu opće metodologije za relativni raspon i uporabe zamjenske referentne vrijednosti primjenjuju se i na društvo Benxi Group.
The Commission's position on these claims, as described above in recitals (175) to (195) applies equally to the Benxi Group.
Stajalište Komisije u pogledu tih tvrdnji, kako je opisano u uvodnim izjavama od (175) do (195) primjenjuje se na društvo Benxi Group.
Furthermore, the claims and arguments put forward by the GOC and some sampled companies with regards to the general methodology for the loans treated as grants applies equally to the Benxi Group.
Nadalje, tvrdnje i argumenti koje su kineska vlada i nekoliko društava u uzorku iznijeli u pogledu opće metodologije za relativni raspon u pogledu zajmova koji se smatraju bespovratnim sredstvima primjenjuju se i na Benxi Group.
The Commission's position on these claims, as described above in recitals (216) to (221) applies equally to the Benxi Group.
Stajalište Komisije u pogledu tih tvrdnji, kako je opisano u uvodnim izjavama od (216) do (221) primjenjuje se na društvo Benxi Group.