natgillin/translations-raw huggingface dataset:
Germany considers that 0,3 % per annum before tax is an appropriate starting-point for remuneration for the guarantee function in BayernLB's favour, in line with the Commission's approach in the WestLB case .
Nemčija meni, da je, kot je Komisija priznala v primeru WestLB, kot izhodiščna stopnja nadomestilo 0,3 % letno pred obdavčitvijo primerno za funkcijo jamstva v korist BayernLB.
However, it argues that the grounds given in the WestLB decision for increasing the initial rate do not apply in the present case.
Vendar pa razlogi navedeni v Odločbi za zvišanje izhodiščne stopnje po mnenju Nemčije niso ustrezni.
In that decision, the (pre-tax) rate of 0,3 % per annum was increased by a premium of a further 0,3 % % per annum because (a) bank guarantees are normally associated with certain transactions and limited in time (which was not the case with WestLB), and (b) the amount of DEM 3400 million made available to WestLB exceeded what is normally covered by such bank guarantees.
V primeru WestLB se je navedena stopnja 0,3 % letno (pred obdavčitvijo) zvišala za pribitek dodatnih 0,3 % letno, ker so a) bančna jamstva običajno povezana z določenimi transakcijami in časovno omejena (v primeru WestLB pa temu ni bilo tako) in b) znesek 3,4 milijard DEM, ki je bil dan na razpolago WestLB, pa je presegel znesek, ki ga taka bančna jamstva ponavadi krijejo.
On account of the fundamental comparability of WestLB and BayernLB and for want of other points of reference, the Commission assumes that this rate corresponds to the market remuneration which also BayernLB would have had to pay in the mid 1990s for a bank guarantee in its favour.
Zaradi splošne primerljivost WestLB in BayernLB in odsotnosti drugih meril je Komisija mnenja, da ta stopnja ustreza nadomestilu, ki bi ga BayernLB tudi sredi devetdesetih let prejšnjega stoletja morala na trgu plačati za prevzem bančnega jamstva v njeno korist.
Moreover, the Commission agrees with Germany that the amount of capital transferred to BayernLB was significantly less than in the WestLB case and that, accordingly, the second reason stated in the WestLB decision does not apply here.
Poleg tega se Komisija strinja z Nemčijo, da je znesek prenesenih sredstev na BayernLB bistveno manjši kot v primeru WestLB, zato drugi razlog iz Odločbe glede WestLB v tem primeru ne velja.
Admittedly, the guarantee function was not limited in time or tied to a specific transaction in BayernLB's case either.
Res je, da tudi pri BayernLB funkcija jamstva ni bila časovno omejena ali povezana z določeno transakcijo.
On the other hand, there was a de facto time limitation since the total amount could be used for business expansion once BAKred had recognised it as core capital.
Vendar pa je časovna omejitev de facto nastala iz tega, da se je, s priznanjem kot temeljni kapital s strani BAKred, celoten znesek lahko uporabljal za namene širjenja dejavnosti.
As a result, a separate guarantee commission no longer needed to be paid.
Zato ni treba plačati posebne provizije za jamstvo.
The remuneration for the guarantee function was part of the remuneration for the business-expansion function.
Nadomestilo za funkcijo jamstva je bilo vsebovano v funkciji širjenja dejavnosti.
The fact of the sole guarantee function was, therefore, restricted from the outset, and this distinguishes the BayernLB case from the WestLB case.
Dejansko stanje edine funkcije jamstva je bilo tako od vsega začetka omejeno, kar obravnavan primer BayernLB razlikuje od primera WestLB.
Accordingly, the Commission considers that, in the case of BayernLB as opposed to WestLB, a premium is not justified and so sets a rate of 0,3 % per annum (before tax) as an appropriate remuneration for the guarantee function of the capital from the time of its inclusion in the balance sheet on 31 December 1994 and 31 December 1995 until its recognition by BAKred .
Komisija je tako sklenila, da pribitek v primeru BayernLB drugače kot v primeru WestLB ni upravičen in zato sprejema stopnjo 0,3 % letno (pred obdavčitvijo) kot primerno nadomestilo za funkcijo jamstva kapitala od trenutka vnosa v bilanco stanja dne 31. decembra 1994 oz. 31. decembra 1995 do priznanja s strani BAKred.
Assuming a corporation tax rate of some 50 % at that time , an after-tax assessment gives a rate of 0,15 % per annum.
Obravnavanje po obdavčitvi tako na podlagi 50 % stopnje davka od dobička v tistem času privede do stopnje 0,15 % letno.
This after-tax rate of 0,15 % was applied by the parties in calculating the aid element in the table attached to the understanding.
Stopnja 0,15 % letno po obdavčitvi se je uporabila tudi za izračun elementa pomoči v tabeli, ki je priložena dogovoru.
Amendment of the articles of association on 5 March 2004
Sprememba statuta z dne 5. marca 2004
Germany argued that an amendment had been made to Bayerische Landesbank's articles of association with effect from 5 March 2004 and that, under the new Section 2a, the special-purpose assets transferred to the bank on 31 December 1994 and 31 December 1995 no longer serve to underpin its competitive business, notwithstanding their function as liable equity capital.
Nemčija je pojasnila, da je bil z začetkom veljavnosti 5. marca 2004 spremenjen statut bavarske deželne banke, po katerem v skladu z novim poglavjem 2a posebna namenska sredstva, prenesena na banko dne 31. decembra 1994 in 31. decembra 1995, ne glede na njihovo funkcijo kot rizični lastni kapital banke, slednji ne služijo več za kritje konkurenčnih dejavnosti.
Since the entry into force of this provision, the bank has been prohibited from using the special-purpose capital to underpin risk assets from its competitive business.
Od začetka veljavnosti te določbe je banki prepovedana uporaba posebnih namenskih sredstev za kritje tveganih sredstev iz konkurenčnih dejavnosti BayernLB.
Consequently, the special-purpose assets may not be used to expand business, and the capital now serves only as a guarantee.
Posledično je izključeno širjenje dejavnosti kot funkcija posebnih namenskih sredstev. Preostane samo še funkcija jamstva kapitala.
According to the information provided by Germany and the agreement between the Land of Bavaria and BayernLB submitted to the Commission, the guarantee function is paid for by a guarantee commission (Haftungsprovision) of 0,3 % per annum after tax.
Funkcija jamstva se po navedbah Nemčije in v skladu z dogovorom med Svobodno državo Bavarsko in BayernLB, ki je predložen Komisiji, nadomešča s provizijo za jamstvo v višini 0,3 % letno po obdavčitvi.
Germany argues, with reference to the remuneration for a comparable transaction, that this is a normal market remuneration which BayernLB would have had to pay on the market for a bank guarantee in its favour.
Nemčija ob sklicevanju na nadomestilo za primerljivo transakcijo trdi, da gre pri tem za običajno tržno nadomestilo, ki bi ga BayernLB danes morala na trgu plačati za prevzem bančnega jamstva v njeno korist.
Germany has stated that in the BayernLB case the remuneration for the special-purpose assets was treated for tax purposes as use of profits and could therefore not be deducted as operating expenditure. As a result, the remuneration is payable after tax.
Nemčija je pojasnila, da se v primeru BayernLB nadomestilo za posebna namenska sredstva davčno obravnava kot razdelitev dobička, torej ga ni mogoče prikazati kot splošni strošek poslovanja, tako da je treba nadomestilo plačati po obdavčitvi.
The Commission agrees with Germany that a fee of 0,3 % per annum after tax can be regarded as a reasonable rate.
Komisija se strinja z Nemčijo, da je provizija 0,3 % letno po obdavčitvi sprejemljiva kot primerna stopnja.
Moreover, applying the WestLB method, a premium of at least 0,15 % per annum before tax is justified, if only because the capital is at BayernLB's disposal for guarantee purposes for an unlimited period .
Komisija ne vidi dokazov zato, da se je izhodiščna stopnja 0,3 % letno pred obdavčitvijo, kot se uporablja v Odločbi glede WestLB 2000/392/ES in tudi v tem primeru za primerno nadomestilo za kapital, ki je dan na razpolago, do priznanja s strani BAKred kot temeljni kapital, v preteklih letih spremenila.
However, account must also be taken of the fact that corporate tax rates in 2004 are much lower than in the 1990s .
Prav tako Nemčija s tem v zvezi ni podala podatkov o nasprotnem.
In the light of tax considerations, the Commission concludes that the agreed remuneration of 0,3 % after tax is appropriate.
Poleg tega je vsaj glede na okoliščine, da je BayernLB kapital stalno in časovno neomejeno na razpolago za namene jamstva, skladno z metodiko v Odločbi glede WestLB, pribitek najmanj 0,15 % letno pred obdavčitvijo upravičen. Vendar pa je treba upoštevati, da so stopnje davka od dobička v letu 2004 občutno nižje kot pred dobrim desetletjem. Obravnavanje po obdavčitvi tako privede do zaključka, da lahko Komisija izbrano nadomestilo 0,3 % po obdavčitvi sprejme kot primerno.
In the Commission's view, it has thus been demonstrated that, with the introduction of new rules on the special-purpose assets remaining in the bank, the state aid under investigation ended on 5 March 2004, the date on which the amended articles of association entered into force, and that, consequently, the remuneration it regards as appropriate — 6,42 % per annum after tax (first instalment) and 5,25 % after tax (second instalment) — need be paid only up to that date.
Komisija meni, da je bilo s tem dokazano, da je bila s spremembo statuta, po kateri posebna namenska sredstva ostajajo v banki, pričujoča preiskovana državna pomoč dne 5. marca 2004, na dan začetka veljavnosti novega statuta, odpravljena, in da se mora nadomestilo 6,42 % letno po obdavčitvi (prva tranša) in 5,25 % letno po obdavčitvi (druga tranša), ki ga Komisija šteje za primernega, tako plačati samo do tega dne.
On the basis of the above calculations, the Commission concludes that the remuneration payable by BayernLB for the special-purpose assets, the cash value of which was recognised by BAKred as core capital, was 6,42 % per annum for the first instalment (31 December 1994) and 5,25 % per annum for the second instalment (31 December 1995), due from the end of the month in which the amounts were recognised by BAKred (for the amount of DEM 655 million from 31 May 1996 onwards and for the full amount of DEM 1197 million from 31 December 1996).
Po zgornjih izračunih je Komisija prišla do zaključka, da znaša nadomestilo, ki ga mora plačati BayernLB, za posebna namenska sredstva, ki so bila s strani BAKred v višini denarne vrednosti priznana kot temeljni kapital, 6,42 % letno za prvo tranšo (31. december 1994) in 5,25 % letno za drugo tranšo (31. december 1995), od konca meseca, v katerem je BAKred priznal sredstva kot temeljni kapital (za znesek 655 milijonov DEM od 31. maja 1996 in za celoten znesek 1,197 milijard DEM od 31. decembra 1996). Davčna osnova nadomestila je celotna, s strani BAKred kot temeljni kapital priznana, denarna vrednost posebnih namenskih sredstev (rezerva za posebne namene).
For 1998 and 1999, when the cash value actually fell below the amount recognised by BAKred because of fluctuations, only the lower cash value is used as basis for the calculation.
Za leti 1998 in 1999, v katerih je denarna vrednost zaradi nihanj dejansko padla pod znesek, ki ga je BAKred priznal, se za davčno osnovo uporabi samo zmanjšana denarna vrednost.
This payment should have been made from the time of recognition by BAKred until the end of the state aid on 5 March 2004.
To povračilo bi moralo biti plačano od trenutka priznanja s strani BAKred do odprave državne pomoči dne 5. marca 2004.
In addition, the Commission regards as a normal market remuneration the figure of 0,15 % per annum after tax for the amount of the special-purpose reserve which was already shown as equity capital in the balance sheet but had not yet been accepted by BAKred as original own funds, i.e. over DEM 655 million up to recognition of the first instalment on 8 May 1996 and over DEM 542 million up to recognition of the second instalment on 20 December 1996.
Poleg tega je Komisija povračilo 0,15 % letno po obdavčitvi za znesek rezerve za posebne namene, ki je že bilo v bilanci stanja vknjiženo kot lastni kapital, čeprav ga BAKred še ni priznal kot temeljni kapital, namreč do priznanja prve tranše v višini 655 milijonov DEM z dne 8. maja 1996 in priznanja druge tranše v višini 542 milijonov DEM z dne 20. decembra 1996, šteje za skladno s trgom.
BayernLB currently pays a remuneration of 0,6 % per annum (after tax) — and this only on the amount actually used to cover risk-bearing assets.
BayernLB trenutno plačuje povračilo 0,6 % letno (po obdavčitvi) samo za znesek, ki ga je dejansko uporabila za kritje tvegane aktive.
This remuneration was paid in 1996 in a single instalment of DEM 7000.
To povračilo je bilo izplačano enkrat samkrat v višini 7000 DEM leta 1996.
The Commission also accepts the guarantee fee (Bürgschaftsgebühr) paid by BayernLB as additional remuneration for the Land (see paragraph 131 above).
Komisija sprejme tudi provizijo za jamstvo, ki ga je plačala BayernLB, kot dodatno povračilo za deželo (glej odstavek 131 zgoraj).
The aid was at the beneficiary's disposal from the date on which the remuneration payable would have been due.
Element pomoči je bil prejemniku pomoči na razpolago od dneva zapadlosti plačila nadomestila.
In accordance with the transfer agreements, that corresponds to the date when the balance sheet was established for the relevant business year.
To je v skladu z dogovori o prenosu datum odobritve bilance stanja za ustrezno poslovno leto.
Figure 2: Calculation of the aid element
Preglednica 2: Izračun elementa pomoči:
The fall in cash value in 1998 and 1999 was taken into account in both instalments by applying a flat rate amount in proportion to the cash value.
Zmanjšanje denarne vrednosti v letih 1998 in 1999 je bilo tranšam dodano pavšalno v razmerju do denarne vrednosti.
instalment
Tranša 2
Available for guarantee purposes (from-to):
na razpolago za namene jamstva (od-do):
Available for guarantee purposes (DEM):
na razpolago za namene jamstva (DEM):
Available for business-expansion purposes (from-to):
na razpolago za namene širjenja dejavnosti (od-do):
Available for business-expansion purposes (DEM):
na razpolago za namene širjenja dejavnosti (DEM):
Calculation of the aid element
Izračun elementa pomoči
Remuneration of 0,15 % after taxes for 2.
povračilo 0,15 % po obdavčitvi za 2.
Remuneration of 6,42 % after taxes for 4.
povračilo 6,42 % po obdavčitvi za 4.
Subtotal: remuneration for 1st instalment (DEM)
Vmesna vsota: povračila za tranšo 1 (DEM)
Remuneration of 0,15 % after taxes for 6.
povračilo 0,15 % po obdavčitvi za 6.
Remuneration of 5,25 % after taxes for 8.
povračilo 5,25 % po obdavčitvi za 8.
Subtotal: remuneration for 2nd instalment (DEM)
Vmesna vsota: povračila za tranšo 2 (DEM)
Total remuneration (DEM)
Vsota povračil (DEM)
Remuneration already paid (DEM)
že izplačana povračila (DEM)
of which: Bürgschaftsgebühr (guarantee fee) * (after taxes) in DEM
od tega: provizija za garancijo*) (po obdavčitvi) v DEM
of which: Haftungsprovision (guarantee commission)(after taxes) in DEM
od tega:provizija za jamstvo (po obdavčitvi) v DEM
Aid element (13 — 14) — DEM
Element pomoči (13 – 14) – DEM
Total aid elements — DEM
Vsota elementov pomoči – DEM
Total aid elements — equivalent in EUR
Vsota elementov pomoči – protivrednost v EUR
The beneficiary, BayernLB, carries on regional and international banking business.
Upravičenka BayernLB je v bančništvu dejavna tako regionalno kot mednarodno.
It regards itself as a universal commercial bank, a central bank for savings banks and the bank of the Land and its municipalities.
Gre za splošno poslovno banko, centralno hranilnico ter banko Svobodne države Bavarske in njenih občin.
Despite its name, tradition and legally stipulated tasks, BayernLB is much more than a mere local or regional bank.
Kljub svojemu imenu, tradiciji in zakonsko urejenim nalogam BayernLB nikakor ni zgolj lokalna ali regionalna banka.
These facts clearly show that BayernLB offers its banking services in competition with other European banks outside Germany and, since banks from other European countries are active in Germany, inside Germany.
Na podlagi tega je jasno, da BayernLB nudi bančne storitve v konkurenci z drugimi evropskimi bankami izven Nemčije in, ker so banke iz drugih evropskih držav dejavne v Nemčiji, v Nemčiji.
It should also be pointed out that there is a very close relationship between a credit institution's equity capital and its banking activities.
Prav tako je treba opomniti, da obstaja zelo tesna povezava med lastnim kapitalom kreditne institucije in njenimi bančnimi dejavnostmi.
It is only when it has sufficient recognised equity capital that a bank can do business and expand its commercial activities.
Banka lahko posluje in širi svoje komercialne dejavnosti samo na osnovi zadostnega priznanega lastnega kapitala.
Since BayernLB was provided with such capital for solvency purposes as a result of the state measure, this had a direct impact on the bank's business opportunities.
Ker so državni ukrepi BayernLB zagotovili takšen lastni kapital za namene solventnosti, je to neposredno vplivalo na možnosti poslovanja banke.
It is clear, therefore, that aid given to BayernLB distorts competition and affects trade between Member States.
Torej drži, da pomoči za BayernLB izkrivljajo konkurenco in ovirajo trgovino med državami članicami.
On the basis of all these considerations, it can be stated that all the criteria laid down in Article 87(1) of the EC Treaty are met.
Na podlagi vseh teh preudarkov lahko ugotovimo, da prenos posebnih namenskih sredstev izpolnjuje vsa merila iz člena 87(1) Pogodbe ES.
The difference between the agreed remuneration of 0,6 % per annum and the guarantee fee of 0,05 % per annum on the one hand and, on the other, the appropriate remuneration of 6,42 % per annum (first instalment) and 5,25 % per annum (second instalment) (in both cases after corporation tax and before investor tax) for the transferred capital that could be used by BayernLB up to 5 March 2004 to underpin its commercial business, plus 0,15 % per annum (after corporation tax and before investor tax) for the part of the capital that was similar to a guarantee constitutes state aid within the meaning of Article 87(1) of the EC Treaty.
Razlika med dogovorjenim nadomestilom 0,6 % letno ter provizijo za jamstvo v višini 0,05 % letno in primernim nadomestilom 6,42 % letno (prva tranša) ter 5,25 % letno (druga tranša) (obe po obdavčitvi dobička in pred obdavčitvijo naložbe) za prenesen kapital, ki ga je BayernLB do 5. marca 2004 lahko uporabljala za kritje konkurenčnih dejavnosti, tako predstavljajo državno pomoč v smislu člena 87(1) Pogodbe ES.
An assessment must also be made as to whether that aid can be considered compatible with the common market.
Na tej osnovi je treba oceniti, ali se pomoč lahko spozna za skladno s skupnim trgom.
It is not aimed either at promoting culture or heritage conservation.
Prav tako pa cilja pomoči nista pospeševanje kulture in ohranjanja kulturne dediščine.
Since the economic survival of BayernLB was not at stake when the measure took place, there is no need to consider whether the collapse of a single large credit institution like BayernLB could lead to a general banking crisis in Germany, which might possibly justify aid to remedy a serious disturbance in the German economy under Article 87(3)(b) of the EC Treaty.
Ker gospodarski obstoj BayernLB v času ukrepa ni bil ogrožen, ni potrebno preučiti, ali bi propad ene same velike kreditne institucije, kot je BayernLB, lahko v Nemčiji privedel do splošne krize v bančnem sektorju, kar bi morda v skladu s členom 87(3)(b) Pogodbe ES upravičilo pomoč za odpravljanje resne motnje v nemškem gospodarstvu.
This might in principle also apply to restructuring aid in the banking sector.
To bi načeloma lahko veljalo tudi za pomoč za prestrukturiranje v bančnem sektorju.
BayernLB was not an undertaking in difficulty whose viability had to be restored with the support of state aid.
BayernLB ni bilo podjetje v težavah, čigar vitalnost bi se morala povrniti z državno pomočjo.
Article 86(2) of the EC Treaty, which allows exemptions from the state aid rules of the Treaty under certain conditions, is in principle also applicable to the financial services sector.
Člen 86(2) Pogodbe ES, ki pod določenimi pogoji dopušča odstopanja od določb o državni pomoči iz Pogodbe, se načeloma uporablja tudi za sektor finančnih storitev.
This has been confirmed by the Commission in its report on services of general economic interest in the banking sector .
To je Komisija potrdila v svojem poročilu o „storitvah skupnega gospodarskega interesa v bančnem sektorju“.
However, the formal conditions are not met in this case: the tasks which BayernLB carries out in providing services of general economic interest are not specified, and nor are the costs generated by such tasks.
Formalni pogoji pa v tem primeru niso izpolnjeni: naloge, ki jih BayernLB opravlja pri zagotavljanju storitev skupnega gospodarskega interesa, in tudi stroški, ki nastajajo ob takih nalogah, niso podrobno opredeljeni.
It is therefore clear that the transfer was effected in order to enable BayernLB to comply with the new own funds requirements and with no regard to any services of general economic interest.
Tako je jasno, da se je prenos opravil z namenom izboljšanja položaja BayernLB, da bi slednja lahko izpolnila nove zahteve po lastnem kapitalu, in brez upoštevanja kakršnih koli storitev skupnega gospodarskega interesa.
Accordingly, this exemption clause does not apply either in the case at hand.
Tudi ta posebna določba zato v zadevnem primeru ne velja.
Contrary to what was argued by Germany, the capital injection cannot be regarded as being covered by the existing state aid scheme for ‘institutional responsibility’ (Anstaltslast) and ‘guarantor liability’ (Gewährträgerhaftung), but must be regarded instead as new aid.
V nasprotju s trditvami Nemčije se vloga kapitala ne more obravnavati niti kot del obstoječih programov pomoči Anstaltslast in Gewährträgerhaftung, temveč se mora obravnavati kot nova pomoč.
Gewährträgerhaftung is a default guarantee offered to creditors in the event that the bank's assets are no longer sufficient to satisfy their claims, and this is not the case here from the outset.
Gewährträgerhaftung je jamstvo za upnike v primeru, da sredstva banke ne zadostujejo več za izpolnjevanje njihovih zahtev, in to v tem primeru ne velja.
The capital injection is not intended to satisfy the Landesbank's creditors and the bank's assets have not been exhausted.
Vloga kapitala ni namenjena za zadovoljevanje upnikov deželne banke in sredstva banke niso bila izčrpana.
Anstaltslast requires the guarantor, the Land of Bavaria, to provide BayernLB with the resources it needs to function properly for as long as the Land decides to maintain it in existence.
Anstaltslast zavezuje garanta, Svobodno državo Bavarsko, da BayernLB zagotavlja sredstva, potrebna za pravilno delovanje, dokler se ne odloči za prenehanje njenega obstoja.
However, at the time of the capital injection, BayernLB was far from being in a situation where it was no longer able to operate properly for lack of sufficient resources.
Toda BayernLB v času vloge kapitala še zdaleč ni bila v položaju, v katerem pravilno delovanje zaradi pomanjkanja lastnih sredstev ne bi bilo več mogoče.
The capital injection was not needed in order to keep the Landesbank in operation.
Vloga kapitala torej ni bila potrebna za ohranjanje pravilnega delovanja deželne banke.
Indeed, according to the legislation, the injection was made to enable the Landesbank ‘to continue its successful business activities’ in the light of the tighter rules on core capital and equity ratios introduced on 30 June 1993.
Do vloge kapitala je namreč prišlo v skladu z zakonskim gradivom, da bi, ob upoštevanju od 30. junija 1993 veljavne poostritve predpisov za deleže temeljnega kapitala in lastnih sredstev, deželni banki omogočili „nadaljevanje njenega uspešnega poslovanja“.