natgillin/translations-raw huggingface dataset:
It concludes that the disposal of ABX-WW does not involve any element of state aid in favour of the purchaser, provided that this is done at the agreed price and is subject to only the usual and financially justifiable adjustments applicable in the event of disposal.
Iz tega sklepa, da prenos ABX WW, če se izvrši po dogovorjeni ceni in ob upoštevanju samo običajnih in ekonomsko upravičenih prilagoditev v primeru prenosa, ne bo vseboval elementov državne pomoči v korist prevzemnika.
The conditions of disposal will ensure that Yvan gives Belgium a sale price and a commitment to make substantial contributions which will reduce public money earmarked for this by Belgium.
Pogoji prenosa bodo Belgiji zagotovili prodajno ceno in obveznost visokega prispevka s strani Yvana, kar bo zmanjšalo javne izdatke Belgije za to zadevo.
These conditions also ensure that SNCB effectively disposes all the ABX group's operations.
Poleg tega bodo zagotovili dejanski prenos vseh dejavnosti skupine ABX s strani družbe SNCB.
Compatibility of restructuring aid
Združljivost pomoči za prestrukturiranje
The Commission will now look at the compatibility of the state aids which it has just identified with its Guidelines on State aid for rescuing and restructuring firms in difficulty.
V nadaljevanju Komisija preučuje združljivost državnih pomoči, ki jih je opredelila, s smernicami o pomoči za reševanje in prestrukturiranje podjetij v težavah.
The Belgian authorities' original notification was made in 2003 and resulted in proceedings being opened in 2003 on the basis of the 1999 Community Guidelines for State aid for rescuing and restructuring firms in difficulty (‘the 1999 guidelines’).
Belgijski organi so pomoč prvotno priglasili leta 2003, zaradi česar se je julija 2003 začel postopek na podlagi Smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah iz leta 1999 (v nadaljnjem besedilu „smernice iz leta 1999“).
However, on one hand, updating the restructuring plan after the new guidelines came into force allows for a considerable increase in the amount of aid originally planned; on the other, the above assessment shows that SNCB granted illegal aid to the ABX group.
Vendar po eni strani posodobitev načrta za prestrukturiranje, do katere je prišlo po začetku veljavnosti novih smernic, določa občutno povečanje prvotno načrtovanega zneska pomoči; po drugi strani pa iz zgornje analize izhaja, da je družba SNCB skupini ABX odobrila nezakonite pomoči.
In the light of these factors and points 103 and 104 of the 2004 Community guidelines on State aid for rescuing and restructuring firms in difficulty (‘the 2004 guidelines’) the Commission will examine all these aids in the light of the latter text, while taking account of the fact that the plan was originally notified under the 1999 guidelines.
Ob upoštevanju teh elementov ter točk 103 in 104 Smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah iz leta 2004 (v nadaljnjem besedilu „smernice iz leta 2004“) Komisija preučuje vse te pomoči glede na ta zadnji dokument, pri čemer upošteva dejstvo, da je bila prvotna priglasitev načrta opravljena glede na smernice iz leta 1999.
In any case, the following assessment shows that the aid in question may be declared compatible under both the 1999 guidelines and the 2004 guidelines.
V vsakem primeru analiza v nadaljevanju dejansko dokazuje, da se lahko zadevne pomoči pod istimi pogoji razglasi za združljive tako s smernicami iz leta 1999 kot tudi s smernicami iz leta 2004.
The Commission notes, on the basis of several relevant indications, that the ABX group as a whole must be considered a firm in difficulty within the meaning of point 11 of the 2004 guidelines.
Komisija na podlagi več ustreznih pokazateljev ugotavlja, da je treba skupino ABX kot celoto obravnavati kot podjetje v težavah v smislu točke 11 smernic iz leta 2004.
Firstly, the group's operating losses ballooned during 2001 and 2002 up to EUR 50 million in 2002; losses also increased, the net result rising from -EUR 73 million in 2000 to -EUR 186 million in 2002; financial charges rose throughout the same period from EUR 15 million to EUR 41 million, while debt increased from EUR 442 million to EUR 512 million. Secondly, and more importantly, ABX's operations in Germany, France and the Netherlands faced serious financial difficulties, which are described in the decision approving rescue aid to ABX, and thereby indisputably constitute firms in difficulty, as noted by the Commission in that Decision. However, at the time, these played a key role in the ABX group's strategy and in its ability to provide integrated logistics and transport services in Europe. They also made a decisive contribution (about 60 % in 2002) to the group's turnover, such that the serious difficulties they faced threatened the survival of the group as structured at the time.
Po eni strani so se namreč izgube iz poslovanja skupine v letih 2001 in 2002 povečale na 50 milijonov EUR v letu 2002; povečale so se tudi izgube, saj se je čisti poslovni izid z - 73 milijonov EUR leta 2000 povečal na - 186 milijonov EUR leta 2002; finančni stroški so se v istem obdobju povečali s 15 na 41 milijonov EUR, medtem ko se je znesek dolga povečal s 442 na 512 milijonov EUR. Na drugi strani so se dejavnosti skupine ABX v Nemčiji, Franciji in na Nizozemskem spopadale s hudimi finančnimi težavami, ki so bile opisane v odločbi o odobritvi pomoči za reševanje ABX, in so zato nesporno podjetja v težavah, kot je Komisija ugotovila v navedeni odločbi; vendar so imeli ti subjekti tedaj osrednjo vlogo v strategiji skupine ABX in njeni sposobnosti opravljanja integriranih storitev logistike prevoza v Evropi; poleg tega so odločilno prispevale (v višini 60 % leta 2002) k prometu skupine, tako da so hude težave teh subjektov ogrožale preživetje skupine v obliki, ki jo je imela takrat.
Furthermore, the Commission considers that the rest of the ABX group was unable to make a greater contribution to funding its restructuring.
Komisija poleg tega meni, da preostali del skupine ABX ni mogel prispevati več k financiranju prestrukturiranja.
The Belgian authorities stated that, through disposals, external funding and productivity gains (particularly in Italy, the Netherlands and Spain), ABX-WW generated EUR 24,3 million which enabled it to partially fund the restructuring of the group.
Belgijski organi so namreč navedli, da je ABX-WW s prenosi ustvaril 24,3 milijona EUR zunanjih sredstev financiranja in povečanja produktivnosti (zlasti v Italiji, Nemčiji, na Portugalskem, Nizozemskem in v Španiji), s čimer je bilo omogočeno delno financiranje prestrukturiranja skupine.
The sale of assets, combined with the internal rationalisation measures, substantially reduces the scale of the ABX group: the number of sites will be reduced by 31 %, turnover by 21 %, staff (FTE) by 40 % and (warehousing) area by 54 %.
Te prodaje premoženja in notranji ukrepi za racionalizacijo občutno zmanjšujejo obseg skupine ABX: število poslovalnic se bo zmanjšalo za 31 %, promet za 21 %, število zaposlenih (ETP) za 40 % in skladiščne površine za 54 %.
These figures are significantly higher in Germany, with reductions up to 69 %, before taking account of the commitments made by Belgium in November 2005.
Te številke so še večje v Nemčiji z do 69-odstotnim zmanjšanjem pred upoštevanjem obveznosti, ki jih je Belgija sprejela novembra 2005.
It is considered that further disposals of assets could ensure the group becomes viable as an integrated network of multimodal logistic services in Europe.
Sklepamo lahko, da bi dodatni prenosi premoženja lahko dosegli sposobnost preživetja dejavnosti skupine kot mreže integriranih storitev multimodalne logistike v Evropi.
The healthy parts of the group have supported the other parts which are in difficulty, thereby helping them recover.
Poleg tega so zdravi subjekti skupine podprli druge subjekte v težavah in tako prispevali k njihovi sanaciji.
For example, ABX Logistics (Belgium) NV/SA wrote off a sum of EUR 10,6 million owed by ABX Netherlands.
ABX LOGISTIC (Belgium) NV/SA se je na primer odpovedal terjatvi do ABX Nizozemska v višini 10,6 milijona EUR.
Lastly, it should be noted that the entire group, whose cash has been pooled since 2001, is [...] in a negative liquid position as the cash released by the profit-making parts of the business has been absorbed by the loss-making ones.
Nazadnje je treba opozoriti, da ima celotna skupina, ki je leta 2001 združila denarna sredstva, negativno stanje denarnih sredstev [...], ker so tokove, nastale pri donosnih dejavnostih, porabile deficitarne dejavnosti.
The overdraft of the cash pool is still negative and often close to the authorised overdraft limit of EUR [...] million (for example EUR -[...] million in June 2005), and the group owes [...] in short-term liquid assets:
Stanje denarnih sredstev cash pool je namreč še vedno negativno in pogosto blizu največje dovoljene ravni [...] milijonov EUR (na primer: -[...] milijonov EUR junija 2005), poleg tega skupina dolguje kratkoročna prosta finančna sredstva [...]:
Consolidated liquid position of ABX Logistics Worldwide S.A.
Konsolidirano stanje denarnih sredstev ABX LOGISTICS Worldwide S.A.
EUR million
Milijoni EUR
Bank current accounts
Bančni tekoči računi
Financial debts of over one year maturing during the year
Večletni finančni dolgovi z zapadlostjo v letu
Short-term bank overdraft
Kratkoročna prekoračitev stanja na računu
Net liquid position
Neto stanje denarnih sredstev
Lastly, the Commission notes that, although the holding company ABX-WW was only created in 2003, as a financial entity the group is not a new firm within the meaning of the 2004 guidelines as it was formed by merging several pre-existing entities in the same sector, and that the group's new structure was set up precisely to aid restructuring.
Komisija nazadnje ugotavlja, da čeprav je bil holding ABX-WW ustanovljen šele leta 2003, skupina kot gospodarska enota ni na novo ustanovljeno podjetje v smislu smernic iz leta 2004, saj izhaja iz združitve več prej obstoječih subjektov, ki delujejo v istem sektorju, in bila nova struktura skupine vzpostavljena prav za potrebe prestrukturiranja.
Restoring viability
Obnova sposobnosti preživetja
The provisional results expected for ABX-WW, ABX-D and ABX–NL, as indicated in the descriptive section above and based on realistic assumptions, predict a return to viability between 2006 and 2007.
Pričakovani rezultati za ABX-WW, ABX-D in -NL, kot so navedeni v opisnem delu zgoraj in ki temeljijo na realističnih predpostavkah, predvidevajo obnovo sposobnosti preživetja med letoma 2006 in 2007.
Moreover, the financial results have improved significantly since 2002, the year in which the restructuring plan was drawn up.
Poleg tega so se finančni rezultati zelo izboljšali od leta 2002, ko je bil pripravljen načrt za prestrukturiranje.
In addition to this undeniable financial recovery witnessed in recent years, the descriptive section shows that the ABX group is evidently undergoing a real organic restructuring which will restore its viability in a sustainable manner.
Poleg te nesporne finančne sanacije, opažene v zadnjih letih, iz opisnega dela izhaja, da je skupina ABX očitno podvržena resničnemu prestrukturiranju organizacije, da bi znova trajno vzpostavili njeno sposobnost preživetja.
Lastly, the Commission considers that signing a preliminary contract of sale for the entire ABX Logistics WW group which makes disposal obligatory, subject to approval and the normal conditions in the event of disposal, and accompanied by substantial investment commitments from the private buyer, is a further indicator which determines the quality of the ABX group's restructuring plan and its return to sustainable viability.
Nazadnje Komisija meni, da je podpis sporazuma o prodaji za celotno skupino ABX LOGISTICS WW, s katerim je prenos postal obvezen ob upoštevanju njene odobritve in običajnih pogojev v primeru prenosa in ki ga spremljajo pomembne obveznosti naložb s strani zasebnega prevzemnika, odločilen dodaten pokazatelj kakovosti načrta za prestrukturiranje skupine ABX in obnove njene trajne sposobnosti preživetja.
Avoidance of undue distortions of competition
Preprečevanje neupravičenih izkrivljanj konkurence
According to the 2004 guidelines, compensatory measures must be taken to attenuate as far as possible any adverse effects the aid may have on competitors.
V skladu s smernicami iz leta 2004 je treba sprejeti izravnalne ukrepe, da se, kolikor je mogoče, omili neugodne posledice pomoči za konkurente.
Otherwise, the aid will be regarded as contrary to the common interest.
V nasprotnem primeru bi bila pomoč v nasprotju s skupnimi interesi.
The ABX group has already embarked on greatly reducing its capacity.
Skupina ABX se je že zavezala k velikemu zmanjšanju svoje zmogljivosti.
As previously mentioned, between now and the end of the restructuring operation it will make dramatic cut backs in the number of its sites, its operating area, turnover and staff numbers in order to make reductions in ABX-WW of up to 54 %, in ABX-D of up to 69 %, in ABX-NL of up to 44 % and in ABX-F of up to 76 % (mainly in the form of disposal and by closing offices).
Kot je bilo že navedeno, bo do konca prestrukturiranja močno zmanjšala število poslovalnic, območje poslovanja, promet in celo število zaposlenih, da bi dosegla zmanjšanje do 54 % za ABX-WW, do 69 % za ABX-D, do 44 % za ABX-NL in do 76 % za ABX-F (zlasti v obliki prenosa in zaprtja agencij).
These cuts will be boosted further still, on the German market, by the additional commitments taken by the Belgian authorities in [...] 2005.
Ta zmanjšanja se bodo še okrepila na nemškem trgu z dodatnimi obveznostmi, ki so jih belgijski organi sprejeli v letu [...] 2005.
These cuts, which go considerably further than those set out in the original plan, will free up parts of the market to competitors.
Ta zmanjšanja, ki občutno presegajo zmanjšanja, predvidena v prvotnem načrtu, bodo sprostila tržne deleže v korist konkurentov.
The Commission feels that these closures and disposal measures can be considered proportionate given their quantitative scale, the weakness of ABX's residual market share in freight forwarding (less than 2 % in Germany, 1 % in the Netherlands in 2002), the necessity of having a minimum network in several European countries in order to maintain a viable intermodal logistics service in Europe, and lastly the fact that the transport logistics market is not saturated and is a growth sector, as analysed in Section 2.2.
Komisija meni, da je ta zaprtja in prenose mogoče šteti kot sorazmerne zaradi njihovega kvantitativnega obsega, majhnega preostalega tržnega deleža skupine ABX v špedicijski dejavnosti (freight forwarding) (manj kot 2 % v Nemčiji, 1 % na Nizozemskem leta 2002), nujnosti razpolaganja z minimalno mrežo v več evropskih državah za ohranitev dejavnosti intermodalnih logističnih storitev v Evropi, ki je sposobna preživetja, in nazadnje dejstva, da trg logistike prevoza ni presežnih zmogljivosti in je v porastu, kot je analizirano v oddelku 2.2.
It should not be forgotten that the ABX group owns almost no means of transport and is therefore practically non-operational as a road haulier.
Spomnimo naj, da skupina ABX nima skoraj nič prevoznih sredstev in zato skoraj ne deluje kot cestni prevoznik.
In addition, on the basis of information submitted by the Belgian authorities, the Commission has verified that a very large part of the cuts in capacity are in short-term ancillary activities.
Poleg tega je Komisija preverila, da na podlagi informacij, ki so jih predložili belgijski organi, zelo velik del zmanjšanja zmogljivosti zadeva dejavnosti, ki prispevajo kratkoročno.
These additional cuts affect around 19 % of a total of 31 % of sites cut, 12 % of a total 21 % reduction in turnover, 15 % of a total 40 % in staff cuts and 40 % of a total 54 % reduction in warehousing area.
Ta dodatna zmanjšanja zadevajo približno 19 % od skupno 31 % zmanjšanja števila poslovalnic, 12 % od skupno 21 % zmanjšanja prometa, 15 % od skupno 40 % zmanjšanja števila zaposlenih in 40 % od skupno 54 % zmanjšanja skladiščnih površin.
Aid limited to the minimum
Omejitev pomoči na najnižjo vsoto
The 2004 guidelines require the amount and intensity of the aid to be limited to the minimum.
Smernice iz leta 2004 zahtevajo, da morata biti obseg in intenzivnost pomoči omejena na najnižjo vsoto.
In the light of this the Commission notes, firstly, that the recapitalisation will cause the group to have a debt/equity ratio of 80 % once the notified measures have been implemented.
Komisija v zvezi s tem najprej ugotavlja, da je zaradi dokapitalizacije po vzpostavitvi priglašenih ukrepov v skupini razmerje med dolgovi in lastnim kapitalom 80 %.
This rate would be 155 % after eliminating the goodwill of EUR 146 million currently in the group's accounts.
Ta stopnja bi znašala 155 % po izločitvi dobrega imena (goodwill) v višini 146 milijonov EUR, prisotnih v računih skupine.
ABX LOGISTICS Worldwide S.A., consolidated balance sheet
ABX LOGISTICS Worldwide S.A., konsolidirane bilance
before conversion
31.12.05-pred pretvorbo
after conversion
31.12.05-po pretvorbi
after conversion and elimination of goodwill
31.12.05-po pretvorbi in odpravi Goodwill
Consolidated equity
Konsolidirana lastna sredstva
Financial debts
Finančni dolgovi
Debt ratio
Delež dolga
The Commission feels that this second figure of 155 % can also justifiably be taken into consideration given that much of this goodwill comes from the original acquisition of ABX-D (EUR [...] million) and NL (EUR [...] million), the capacities of which will be greatly reduced by the restructuring (exacerbated by the [...] commitments to reduce presence in Germany communicated by the Belgian authorities in December 2005).
Komisija meni, da je upravičeno upoštevati tudi to drugo številko 155 %, ker to dobro ime izhaja večinoma iz prvotnega nakupa ABX-D ([...] milijonov EUR) in -NL ([...] milijonov EUR), katerih zmogljivosti se bodo zelo zmanjšale s prestrukturiranjem (kar krepijo obveznosti [...] zmanjšanja prisotnosti v Nemčiji, ki so jih belgijski organi sporočili decembra 2005).
The Belgian authorities also feel that instigating restructuring measures would lead to all the goodwill for the German and Dutch subsidiaries disappearing from SNCB's accounts [...].
Belgijski organi poleg tega menijo, da bi vzpostavitev ukrepov za prestrukturiranje v računih družbe SNCB [...] povzročila popolno izginotje dobrega imena za nemško in nizozemsko hčerinsko družbo.
However, these two ratios of 80 and 155 % are still significantly higher than the equivalent ratios noted in the cases of competitors comparable to the ABX group.
Vendar ti dve razmerji 80 in 155 % ostajata precej večji od enakovrednih razmerij, opaženih pri primerljivih konkurentih skupine ABX.
For example, the average (weighted by turnover) of the ratios of competitors is around 43 % (and would fall to 16 % were account taken of DPWN, which did not, however, seem sufficiently comparable to be included).
Na primer, povprečje (ponderirano po prometu) razmerij teh konkurentov znaša 43 % (in bi se znižalo na 16 %, če bi upoštevali družbo DPWN, ki pa se ne zdi dovolj primerljiva, da bi jo lahko upoštevali).
This shows that the ABX group will be recapitalised at a lower level than the sector average and will not have any surplus resources due to its financial structure.
To pomeni, da bo dokapitalizacija skupine ABX manjša od povprečja v sektorju, zaradi svoje finančne strukture pa ne bo imela na voljo presežnih sredstev.
Secondly, the Commission reiterates that ABX-WW's net liquid position has been negative since 2003, so the ABX group has no surplus cash available.
Drugič, Komisija opozarja, da je neto stanje denarnih sredstev ABX-WW negativno od leta 2003 naprej, tako da skupina ABX nima na voljo presežnih denarnih sredstev.
Thirdly, account should be taken of the fact that the price which the SNCB should receive in payment of the sale of ABX-WW shares helps reduce the effective amount of aid.
Tretjič, treba je upoštevati, da cena, ki jo mora družba SNCB prejeti za prodajo delnic ABX WW, prispeva k zmanjšanju dejanskega zneska pomoči.
It would have been the same for the group and its competitors, as well as for SNCB and Yvan, if the aid contributed by SNCB were reduced by as much, the sale were made for a token price, and the corresponding funding contributed directly by the buyer.
Za skupino in njene konkurente ter za SNCB in Yvana bi bilo namreč enako, če se pomoč, ki jo je vložila družba SNCB, ustrezno zmanjša, če se prodaja opravi po simbolični ceni in če bi ustrezno financiranje zagotovil neposredno prevzemnik.
Furthermore, the Commission must also ensure that the aid recipient makes a substantial contribution to the restructuring plan, either from his own resources or through external funding obtained at market conditions.
Komisija se mora poleg tega tudi prepričati, da prejemnik pomoči veliko prispeva k načrtu za prestrukturiranje, bodisi iz lastnih sredstev ali z zunanjim financiranjem, dobljenim po tržnih pogojih.
To do this, the Commission starts by determining the total cost of the restructuring, net of productivity gains and the reduced need for working capital.
Komisija zato najprej ugotavlja skupne stroške prestrukturiranja, neto povečanje produktivnosti in zmanjšanje potreb po gibljivih sredstvih.
Net cost of restructuring
Neto stroški prestrukturiranja
Redundancies, closures
Odpustitve, zaprtja
Cash drain during restructuring (net productivity gains)
Cash-drain med prestrukturiranjem (neto povečanje produktivnosti)
Debt to SNCB (prior to 2002)
Dolg do SNCB (pred letom 2002)
Interest on SNCB debts (debt prior to 2002 + rescue aid)
Obresti na dolgove do SNCB (dolg pred letom 2002 + pomoč za reševanje)
Repayments of credits and loans following bank withdrawals
Povračilo posojil po umiku bank
Repayments by Yvan of other guarantees and debts to ABX's creditors
Povračilo drugih garancij in terjatev upnikom ABX s strani Yvan
Reduction in working capital needed
Zmanjšanje potrebe po gibljivih sredstvih
The Commission feels that it is justified in deducting the costs set out in the above table, in particular for the following reasons:
S tega vidika Komisija meni, da je upravičeno upoštevati stroške, navedene v zgornji razpredelnici, zlasti zaradi naslednjih razlogov:
the amount of EUR 49 million corresponds to costs incurred directly by the restructuring, such as redundancy fees and the cost of closing subsidiaries;
Znesek v višini 49 milijonov EUR ustreza stroškom, neposredno nastalim zaradi prestrukturiranja, kot so odpravnine ali stroški zaprtja hčerinskih družb;
the amount of EUR 121 million corresponds to the cash drain of the entities restructured between 2003 and 2005.
Znesek v višini 121 milijonov EUR ustreza potrebi po financiranju (ali cash-drain) subjektov v prestrukturiranju v letih 2003–2005.
It corresponds essentially to the corrected EBITDA of investment needed for restructuring, financial charges and some exceptional items.
Predvsem ustreza EBITDA, popravljenemu z naložbami, potrebnimi za prestrukturiranje, finančnimi stroški in nekaterimi izjemnimi elementi.
The Commission is assured, on the basis of information sent by the Belgian authorities, that the investments taken into account are mainly IT-related investments, and in any case remain below the amount of repayments.
Komisija se je na podlagi informacij, ki so jih poslali belgijski organi, prepričala, da upoštevane naložbe sestavljajo večinoma naložbe v informacijsko tehnologijo in ostajajo v vsakem primeru nižje od zneska amortizacije.
IT-related investments make up one of the important elements of the reorganisation and increase in productivity of the group.
Naložbe v informacijsko tehnologijo so pomemben element reorganizacije in povečanja produktivnosti skupine.
The Belgian authorities have confirmed that these investments do not involve any increase in capacity.
Belgijski organi so poleg tega potrdili, da te naložbe ne povzročajo povečanja zmogljivosti.