natgillin/translations-raw huggingface dataset:
Sensitivity 1 (ɗ dividends = 4,51 % annual rate 1997/2000)
Na základe predchádzajúcich úvah sa zdá, že preskúmaná pomoc predstavuje prevádzkovú pomoc, ktorá mala za následok posilnenie konkurenčného postavenia spoločnosti EDF vo vzťahu ku konkurencii.
Sensitivity 2 (Base scenario + additional 11 % quasi-equity capital)
Za týchto podmienok je nezlučiteľná s vnútorným trhom.
Sensitivity 3 (Sensitivity 1 + additional 11 % quasi-equity capital)
Komisia sa tiež domnieva, v rozpore s tvrdením francúzskych orgánov, že pravidlo premlčacej lehoty sa v danom prípade neuplatňuje.
The estimates from Table 6 show that, if the amount of FRF 5,88 billion allegedly invested had conferred entitlement to a proportional percentage of the dividends and the value of EDF, the operation would have produced a large negative net present value (FRF – 3,43 billion).
ZÁVERY
In order for the investment to be financially advantageous for a private market economy investor, on the most widely used assumption (Table 6.1), it would have been necessary for the prudent private investor to be satisfied by a rate of return well below an opportunity cost of capital of 12 % for an investment in liquid EDF shares, and indeed also below the rate paid on French Government bonds with maturities of 30 years (6,35 %) and 10 years (5,58 %) in 1997.
Komisia konštatuje, že Francúzsko protiprávne poskytlo uvedenú pomoc porušením článku 108 ods. 3 ZFEÚ.
Clearly, a prudent private investor would not have made the investment in those circumstances.
Komisia zastáva názor, že oslobodenie od dane z príjmov právnických osôb vo výške 5882849762 FRF súvisiace s preradením účtovných rezerv zodpovedajúcich už uskutočneným operáciám v rámci obnovy hlavnej prenosovej siete vo výške 14119065335 FRF medzi kapitálové dotácie podľa zákona č. 97-1026 predstavuje pomoc, ktorá je neoprávnená a nezlučiteľná s vnútorným trhom.
These conclusions do not change qualitatively if, as sensitivity test, other assumptions are used which, although less plausible, value the alleged investment more (Tables 6.2 to 6.4) [40].
Podľa článku 108 ods. 2 ZFEÚ, ak Komisia skonštatuje, že pomoc je nezlučiteľná s vnútorným trhom, má právomoc od príslušného členského štátu vyžadovať, aby uvedenú pomoc zrušil alebo zmenil.
In any event, the rate of return provided is below 12 %, and indeed also even lower than the return on French Government 30-year and 10-year bonds in 1997.
Podľa článku 14 nariadenia (ES) č. 659/1999 „… kde sa prijímajú záporné rozhodnutia v prípadoch protiprávnej pomoci, Komisia rozhodne, že daný členský štát podnikne všetky potrebné opatrenia, aby vymohol pomoc od príjemcu (ďalej sa označuje len ako,rozhodnutie o vymáhaní').
Finally, examination of other variables available in EDF's projected operating results, such as the revenue estimates, core business income or the net income (recitals 166 to 168) would not have allowed the prudent private investor to expect a complete trend reversal leading to a better return or the creation of value for the state as shareholder down the line.
Komisia nebude vyžadovať vymáhanie pomoci, ak by to bolo v rozpore so všeobecnou zásadou práva Spoločenstva.“
These developments, which were foreseeable and foreseen in 1997, further corroborate the conclusions and their extension to the period after 2000, as foreseeable by a prudent private investor in 1997 on the basis of the information supplied by the French authorities.
Cieľ, ktorý sleduje Komisia tým, že od príslušného členského štátu žiada vrátenie pomoci nezlučiteľnej s vnútorným trhom, je obnovenie pôvodnej situácie [47].
Even supposing that the prudent private investor would have expected a capital gain in addition to a regular return from EDF, which nothing in the information and data sent by the French authorities indicates, and which moreover would be too risky to expect having regard to the status of EDF in 1997, it can be ruled out that it would have made the alleged investment.
Súdny dvor sa v tejto súvislosti domnieva, že cieľ je dosiahnutý, keď príjemcovia vrátia prostriedky, ktoré im boli neoprávnene poskytnuté v rámci pomoci, čím stratia výhodu, ktorú mali vo vzťahu k svojim konkurentom.
Accordingly, the application of the test of the prudent private investor in a market economy shows that, even if the tax exemption of FRF 5,88 billion was in fact an investment decision on the part of the state as shareholder, the operation would not have been carried out by a prudent private investor in possession of the information put forward by the French authorities.
Týmto spôsobom sa obnoví situácia pred vyplatením pomoci [48].
In this connection, the comments by EDF reproduced in recital 71, according to which the tax exemption had no detrimental effect on competition and did not provide an advantage since EDF could in any event have found equivalent financing on the capital markets, are contradicted by the facts.
V tomto prípade sa zdá, že vymáhanie takejto zistenej neoprávnenej pomoci nebude v rozpore so žiadnou všeobecnou zásadou práva Únie.
It is common ground that EDF could not have issued shares on the markets to obtain this amount.
Francúzsko ani žiadna tretia zainteresovaná strana neposkytli žiadne tvrdenia v tomto zmysle.
Even if EDF would probably have been able to find a lender, the corresponding loan or bond issue would have had to be remunerated, in all likelihood, at a higher rate than the rate that the French state anticipated for capital contributions to EDF for the period 1997-2000 and higher than the refinancing cost equivalent to the government bonds in 1997.
Z toho vyplýva, že Francúzsko musí prijať všetky potrebné opatrenia, aby od spoločnosti EDF vymohlo späť pomoc nezákonne vyplatenú formou oslobodenia od dane z príjmov právnických osôb vo výške 5882849762 FRF súvisiaceho s preradením časti rezerv vo výške 14119065335 FRF na kapitál.
If EDF could have had an equivalent amount in principal, the financing costs would have been greater than that of the alleged investment.
Francúzske orgány musia k vymáhanej sume pomoci pripočítať aj úroky súvisiace so spätným vymáhaním odo dňa, keď sa daná pomoc poskytla podniku, t. j. od dátumu splatnosti dane z príjmov právnických osôb za účtovný rok 1997 až do skutočného vrátenia pomoci [49], a to v súlade s kapitolou V nariadenia Komisie (ES) č. 794/2004 [50].
Even then, without taking into account a repayment of principal, which EDF was not required to make, in the amount of the tax exemption or the equivalent amount in capital contributions in 1997, the measure would have provided an economic advantage to EDF by reducing its financing costs.
Úroky, ktoré Francúzsko prípadne vyplatilo spoločnosti EDF, však budú musieť byť zohľadnené.
Even if the principle of the prudent private investor in a market economy were applicable, in the light of the documents provided by the French authorities shedding light, according to them, on the profit expectations and risks attached to the alleged investment in the form of a tax exemption, application of the test of the private investor in a market economy leads to the conclusion that a prudent private investor would not have invested an amount equal to the tax due in the EDF capital increase in 1997.
Francúzske orgány sú povinné vymôcť uvedenú sumu do štyroch mesiacov odo dňa oznámenia tohto rozhodnutia.
The non-payment by EDF of FRF 5,88 billion in corporation tax does not appear to be a productive investment by the state as shareholder in application of the principle of the prudent private investor in a market economy.
Podľa ustálenej judikatúry, pokiaľ sa niektorý členský štát stretne s nepredvídateľnými alebo nepredvídanými ťažkosťami alebo následkami, ktoré Komisia nezohľadnila, môže sa s týmito problémami obrátiť na Komisiu a navrhnúť zodpovedajúce zmeny.
It appears rather to be an ad hoc derogating tax exemption that provided an economic advantage to EDF equal to the amount of tax not paid.
V tomto prípade Komisia a členský štát v dobrej viere spolupracujú s cieľom vyriešiť tieto ťažkosti v plnom súlade s ustanoveniami [51] ZFEÚ.
Such an advantage necessarily strengthens the position of EDF vis-à-vis its competitors, since the amount of equity capital determines, among other factors, the external financing capacity and conditions of an undertaking while, moreover, the resources saved in this way could be used for other purposes such as, for example, investment in France or in other Member States where competitors conducted their business in 1997.
Komisia preto požiadala Francúzsko, aby jej bezodkladne predložilo každý problém, ktorému bude čeliť pri vykonávaní tohto rozhodnutia,
The economic advantage therefore distorts competition within the meaning of Article 107(1) of the TFEU.
PRIJALA TOTO ROZHODNUTIE:
The advantage is selective, since the non-payment of corporation tax on some of the accounting provisions constitutes an exception to the tax treatment normally applicable to such an operation and, in the present case, this exception was applied only to EDF.
Článok 1
STATE RESOURCES
Oslobodenie od dane z príjmu právnických osôb v prospech spoločnosti Electricité de France vo výške 5882849762 francúzskych frankov súvisiace s preradením rezerv zodpovedajúcich protihodnote koncesovaného nepeňažného majetku hlavnej prenosovej siete na kapitál predstavuje štátnu pomoc v zmysle článku 107 ods. 1 ZFEÚ.
The concept of aid embraces not only positive benefits, such as subsidies, but also interventions by the public authorities which mitigate the charges that are normally included in the budget of an undertaking and which have the same effect as subsidies [41].
Pomoc uvedená v odseku 1, neoprávnene poskytnutá Francúzskou republikou, nie je zlučiteľná s vnútorným trhom.
The EU Courts have consistently held [42] that the non-collection by the state of a tax which should normally have been collected is equivalent to the consumption of state resources.
Článok 2
The non-collection of the full amount of corporation tax due in respect of the 1997 financial year derived directly from a measure adopted by the state, namely Act No 97-1026 of 10 November 1997.
Francúzska republika je povinná vymôcť od príjemcu ekvivalent pomoci uvedenej v článku 1 v eurách.
DISTORTION OF COMPETITION AND EFFECT ON TRADE BETWEEN MEMBER STATES
Zo súm, ktoré sa majú vrátiť, plynú úroky odo dňa, keď boli poskytnuté príjemcovi, až do ich skutočného vrátenia.
From its creation in 1946 to the entry into force of Directive 96/92/EC, EDF enjoyed a monopoly position in the French market with exclusive rights for the transmission, distribution, and import and export of electricity.
Úrok sa vypočíta ako zložený úrok v súlade s kapitolou V nariadenia (ES) č. 794/2004.
However, EDF competed with other producers in other Member States already ahead of the entry into force of Directive 96/92/EC.
Článok 3
Moreover, free competition existed in related markets not subject to exclusive rights where EDF had already diversified its activities beyond its exclusive rights in both geographic and sectoral terms.
Vrátenie pomoci uvedenej v článku 1 sa musí uskutočniť bezodkladne a účinne.
Effects on competition did therefore exist well before the liberalisation provided for by Directive 96/92/EC.
Francúzska republika zabezpečí, aby sa toto rozhodnutie vykonalo do štyroch mesiacov od dátumu jeho oznámenia.
Electricity was the subject of significant, growing trade between Member States in which EDF was actively engaged.
Článok 4
These exchanges, reinforced by the adoption of Council Directive 90/547/EEC [43], were taking place on the basis of commercial agreements between the various operators of the high-voltage electricity networks in the Member States.
Francúzska republika predloží Komisii do dvoch mesiacov od oznámenia tohto rozhodnutia tieto informácie:
In the European OECD member countries, electricity imports grew at an average annual rate of over 7 % between 1980 and 1990.
celkovú sumu (základnú sumu a úroky), ktorú má príjemca vrátiť;
Between 1981 and 1989, EDF multiplied the surplus on its balance of trade in electricity nine fold, achieving net exports of 42 TWh, representing 10 % of its total production.
dokumenty dokazujúce, že príjemcovi bolo nariadené vrátenie pomoci.
In 1985, EDF already exported 19 TWh to other Member States.
Francúzska republika bude Komisiu informovať o pokroku dosiahnutom v súvislosti s vnútroštátnymi opatreniami, ktoré sa prijali na vykonanie tohto rozhodnutia, až do úplného vrátenia pomoci uvedenej v článku 1.
Even before Directive 96/92/EC entered into force in February 1999, some Member States acted unilaterally to open up their electricity market.
Francúzska republika na požiadanie Komisie bezodkladne poskytne všetky informácie o opatreniach, ktoré sa už prijali a ktoré sa plánujú prijať na dosiahnutie súladu s týmto rozhodnutím.
In particular, the United Kingdom opened up its market completely for large industrial customers in 1990.
Takisto poskytne podrobné informácie o sumách pomoci a úrokoch, ktoré už príjemca vrátil.
Sweden opened up its market completely in 1996, Finland began the process in 1995 and reached 100 % market opening in 1997, Germany completely opened up its market in 1998 and the Netherlands opened up its market completely for industrial customers in 1998.
Článok 5
In those circumstances, even before the deadline set by the Directive for opening up the market to competition, State aid granted to enterprises enjoying a monopoly in a Member State that took an active part in intra-Union trade, as in the case of EDF, was likely to affect trade between Member States within the meaning of Article 107(1) of the Treaty.
Toto rozhodnutie je určené Francúzskej republike.
The report also stressed that in 1997 EDF had ‘increased the number and size of its investments in Europe by extending its presence to Austria and Poland’ and had ‘exported over 70 TWh in Europe’.
Za Komisiu
These exports were delivered in competition with alternative suppliers in the markets concerned.
členka Komisie
The 1997-2000 management contract, signed on 8 April 1997 between the French state and EDF, stipulated that EDF was to allocate some FRF 12-13 billion to its international investments, assigning priority to regions in Europe.
S účinnosťou od 1. decembra 2009 sa články 87 a 88 Zmluvy o ES stali článkami 107 a 108 Zmluvy o fungovaní Európskej únie (ďalej len „ZFEÚ“).
Between 2000 and 2002, EDF acquired one third of the capital of the German company EnBW, increased the production and distribution capacities of its United Kingdom subsidiary London Electricity, took direct control of the Italian enterprise Fenice and set up a partnership with Fiat for the purchase of Montedison (now Edison).
Obidva súbory ustanovení sú v podstate totožné.
In 1997, SDS, a wholly owned subsidiary of EDF, brought together its activities associated with the provision of services to individual customers, businesses and local authorities.
Na účely tohto rozhodnutia sa prípadnými odkazmi na články 107 a 108 ZFEÚ rozumejú odkazy na články 87 a 88 Zmluvy o ES.
SDS was active in waste treatment, street lighting and other energy-related services and generated turnover equivalent of EUR 685 million in 1998 as against EUR 650 million in 1997.
Zmluvou o fungovaní Európskej únie sa takisto zaviedli niektoré zmeny v terminológii, ako napríklad nahradenie slova „Spoločenstvo“ slovom „Únia“, spojenia „spoločný trh“ spojením „vnútorný trh“ a spojenia „Súd prvého stupňa“ spojením „Všeobecný súd“.
In 2000, EDF established a partnership with Veolia Environnement via the company Dalkia, the European leader in energy services to businesses and local authorities.
V tomto rozhodnutí sa používa terminológia ZFEÚ.
Dalkia offers energy engineering and maintenance services, manages heating plants and technical services to do with the operation of buildings and operates district heating networks, combined heat and power schemes, and energy production and industrial fluid systems.
Ú. v. ES C 280, 16.11.2002, s. 8.
EDF has also developed its activities in the market for renewable energy sources.
Ú. v. EÚ L 49, 22.2.2005, s. 9.
In 1997, the holding company Chart, a wholly owned EDF subsidiary, brought together its activities in the renewables sector, e.g. geothermal energy and wind power.
Rozsudok Všeobecného súdu z 15. decembra 2009, vec T-156/04, EDF/Komisia, Zb.
Its contribution to consolidated turnover that year was EUR 70 million.
2009, s.
Lastly, as an electricity producer and distributor, EDF was and still is in competition with suppliers of other substitute energy sources such as coal, oil and gas, both in its domestic market and in international markets.
II-04503.
It has thus increased its market share in comparison with its competitors who supply substitute energy sources such as oil or gas.
Ú. v. EÚ C 186, 28.6.2013, s. 73.
In the steel industry, electric furnaces are in competition with gas and oil-fired furnaces.
Odpoveď francúzskych orgánov z 23. decembra 2013, body 71 a 72.
It follows that a measure such as the one at issue is liable to distort competition with alternative suppliers, such as Gaz de France.
Osobitná správa o koncesiách EDF č. 1993 z 10. októbra 1994.
EDF thus occupied a prominent position in electricity trading between the Member States in 1997, whereas now the French electricity market is fully open and many European suppliers are present.
Smernica Európskeho parlamentu a Rady 96/92/ES z 19. decembra 1996 o spoločnej právnej úprave vnútorného trhu s elektrickou energiou (Ú. v. ES L 27, 30.1.1997, s. 20).
It is therefore clear that, in 1997, EDF was already well established in certain markets in other Member States and that the aid resulting from the non-payment by EDF of corporation tax on some of the accounting provisions created free of tax for the renewal of the RAG inevitably affected competition between Member States.
Nariadenie Rady (ES) č. 659/1999 z 22. marca 1999 ustanovujúce podrobné pravidlá na uplatňovanie článku 108 Zmluvy o fungovaní Európskej únie (Ú. v.
The above considerations were detailed in the extension decision.
ES L 83, 27.3.1999, s. 1).
Neither France nor EDF disputed in their comments that the aid was likely to affect trade between Member States.
Rozsudok Komisia/EDF, C-124/10P, EU:C:2012:318, bod 84.
Thus, since the four criteria set out in Article 107(1) TFEU are fulfilled, the non-payment by EDF of corporation tax on some of the accounting provisions created free of tax for the renewal of the high-voltage transmission network constitutes State aid.
Záverečná správa z 15. októbra 2013.
The compatibility of the aid with the internal market must now be assessed.
Dodávateľská zmluva medzi štátom a EDF na obdobie rokov 1997 – 2000 podpísaná 8. apríla 1997.
ASSESSMENT OF THE COMPATIBILITY OF THE AID WITH THE INTERNAL MARKET
List ministra hospodárstva a financií a ministra priemyslu, pôšt a telekomunikácií z 12. júla 1996 adresovaný prezidentovi EDF, list ministra hospodárstva a financií, ministra pre rozpočet a ministra priemyslu, pôšt a telekomunikácií z 22. apríla 1997 adresovaný prezidentovi EDF.
Article 107(1) of the TFEU provides that aid fulfilling the criteria laid down therein is in principle incompatible with the internal market.
Tento údaj podlieha služobnému tajomstvu.
According to settled case-law, it is for the Member State to cite the reasons and evidence of any kind for which State aid is compatible with the internal market [44].
Zmluva odkazuje na smernicu Európskeho parlamentu a Rady 96/92/ES.
In the present case, the French Republic has cited no reason nor provided any information in this regard.
Táto smernica, ako aj tie, ktoré ju nahradili, neobsahuje pravidlá týkajúce sa postavenia spoločností na výrobu, prenos alebo distribúciu elektriny v rámci vnútorného trhu.
The exceptions laid down in Article 107(2) of the TFEU are not applicable in the case in point because of the nature of the aid since it does not pursue the objectives listed in that paragraph.
Zmeny týkajúce sa preneseného výsledku hospodárenia minulých rokov nie sú súčasťou účinkov článku 4 v presnom slova zmysle, ale sú ich logickým dôsledkom.
Nor does the aid in question fulfil the conditions laid down for exceptions in Article 107(3)(a) and (c) of the TFEU in respect of aid intended to promote the economic development of certain regions, particularly since it corresponds to operating aid.
Návratnosť pre štát ako akcionára možno vysvetliť slabým základom kapitálových dotácií vo výške 36 miliárd FRF (menovateľ pomeru) a významnými účtovnými rezervami.
It is not conditional on investments or on job creation as envisaged in the Guidelines on regional State aid [45].
Po ich zaúčtovaní do roku 1996 bol čistý ročný výsledok EDF záporný.
Article 107(3)(c) of the TFEU also allows an exception to be made for aid to facilitate the development of certain economic activities, where such aid does not adversely affect trading conditions to an extent contrary to the common interest.
Záporný prenesený výsledok hospodárenia minulých rokov z výkazu ziskov a strát sa do súvahy premietol ako spotreba vlastného kapitálu stanoveného na 24,2 miliardy FRF (pozri tabuľku 2, stĺpec „koniec roka 1996“, ktorý znázorňuje, ako sa pred zmenou, ktorá bola zavedená článkom 4 zákona č. 97-1026, vlastný kapitál znížil o záporný prenesený výsledok hospodárenia minulých rokov vo výške 20,2 miliardy FRF).
The aid measure under examination does not qualify for this exception.
Keďže daň nebola odvedená zo záporných výsledkov, veľmi kladná návratnosť pre štát ako akcionára bola na úkor štátu ako výbercu daní.
The derogation from the applicable tax law, granted for the benefit of a single enterprise, cannot be regarded as being intended to facilitate the development of an activity.
Rozsudok Komisia/EDF, C-124/10P, EU:C:2012:318, bod 82.
As regards the exceptions allowed by Article 107(3)(b) and (d) of the TFEU, the aid measure under examination is not intended to promote the execution of a project of common interest, remedy a serious disturbance in the French economy or promote culture and heritage conservation.
Rozsudok Komisia/EDF, C-124/10P, EU:C:2012:318, bod 104.
The compatibility criteria set out in Article 107(2) and (3) of the TFEU are therefore not met.
Rozsudok Komisia/EDF, C-124/10P, EU:C:2012:318, bod 86.
Furthermore, as regards compensation for public service costs, the French authorities have not cited Article 106(2) of the TFEU in defence of the tax concession, but they have stressed the fact that EDF performs public service tasks.
Rozsudok Komisia/EDF, C-124/10P, EU:C:2012:318, bod 95.
They have not, however, provided any assessment of the cost incurred by EDF in carrying out those tasks.
Štúdia Oxera, body 3.3, 3.24, 3.25.
The Commission cannot therefore determine whether or not the tax concession in question compensates for any additional cost linked to the public service tasks entrusted to it.
Štúdia Oxera, tabuľka A2.2.
In any event, if the non-payment of the tax must be qualified as compensation for the provision of a service of general economic interest, it has not been established that such compensation was determined in advance in accordance with transparent and objective criteria and calculated by reference to the costs of an efficient undertaking.
Štúdia Oxera, bod 3.3.
It is consequently not possible in the case in point to examine whether the conditions set out in the judgment in Altmark [46] for escaping the application of Article 107(1) of the TFEU, and the criteria for qualifying for the exception allowed by Article 106(2) of the TFEU, which, moreover, the French authorities do not cite, are fulfilled.
Štúdia Oxera, body 3.3, 3.15, tabuľka 3.2, tabuľka 3.8 pre koeficient beta a príloha 5.
In the light of the foregoing considerations, it appears that the aid under examination constitutes operating aid which has had the effect of strengthening EDF's competitive position in relation to its competitors.
Štúdia Oxera, body 3.5, 3.13, 3.20 až 3.23.
In those circumstances, it would be incompatible with the internal market.
Ročná priemerná denná sadzba francúzskych benchmarkových dlhopisov so splatnosťou na 30 a 10 rokov, zdroj Banque de France: