natgillin/translations-raw huggingface dataset:
More than PLN […] million […] has already been written off. Besides this agreement with its major creditors, on 17 September 2003 FSO lodged an application in court to commence arrangement proceedings with its smaller creditors.
Poleg tega dogovora s svojimi glavnimi upniki je družba FSO dne 17. septembra 2003 vložila zahtevo pri sodišču za začetek postopka poravnave s svojimi manjšimi upniki.
These proceedings have since been concluded.
Ta postopek je že zaključen.
Restructuring of liabilities
Prestrukturiranje obveznosti
The amount of liabilities under the loans was quoted in accordance with the Agreement (taking into account the USD exchange rate as at the date of the Agreement, i.e. 3,94 PLN/USD).
Znesek obveznosti iz naslova posojil je bil naveden v skladu z dogovorom (ob upoštevanju menjalnega tečaja USD, ki je veljal na dan sklenitve dogovora, tj. 3,94 PLN/USD).
(PLN 1000)
(v tisočih PLN)
Liabilities converted into shares
Obveznosti, pretvorjene v delnice
Written off
Odpisane
State Treasury
Državna zakladnica
Arrangement proceedings
Postopek poravnave
[…] financial institutions
[…] finančne institucije
In its decision to launch the formal investigation procedure, the Commission concluded that several measures constituting restructuring aid had already been granted before accession in the last quarter of 2003 and in the first four months of 2004.
V svoji odločitvi o sprožitvi formalnega postopka preiskave je Komisija ugotovila, da je bilo odobreno že več ukrepov, ki predstavljajo pomoč za prestrukturiranje, pred pristopom v zadnjem četrtletju leta 2003 in v prvih štirih mesecih leta 2004.
These measures are therefore not covered by this investigation procedure, which concerns only the aid measures that were to be granted after accession.
Zato ti ukrepi niso predmet tega postopka preiskave, saj se v okviru tega postopka preiskujejo samo ukrepi, odobreni po pristopu.
However, the aid granted before accession has to be taken into account in the compatibility assessment, in particular when assessing restriction of the aid to the minimum necessary.
Kljub temu je treba pomoč, dodeljeno pred pristopom, upoštevati v oceni združljivosti, zlasti pri ocenjevanju omejitve pomoči na najmanjši potrebni znesek.
The largest part of the aid granted after accession takes the form of a […] % State guarantee on a future investment loan to […].
Največji del pomoči, dodeljene po pristopu, je v obliki […] % državne garancije za bodoče investicijsko posojilo […].
The bank loan of USD […] million (EUR […] million [11]) will be denominated in US dollars.
Bančno posojilo v višini […] milijonov USD ([…] milijonov EUR [11]) bo denominirano v US dolarjih.
The guarantee therefore exposes the State to potential payments amounting to USD 83 million (EUR 66 million) [12].
Garancija zato izpostavlja državo potencialnim plačilom v znesku 83 milijonov USD (66 milijonov EUR) [12].
The second important measure is a write-off by the Ministry of Finance of claims on FSO amounting to PLN 34860000 (EUR 9 million).
Drugi pomemben ukrep je odpis terjatev do družbe FSO s strani Ministrstva za finance v znesku 34860000 PLN (9 milijonov EUR).
The different measures are listed in the table below, on the basis of the information submitted by the Polish authorities on 3 January 2006 [13]:
Različni ukrepi so navedeni v preglednici v nadaljevanju na podlagi podatkov, ki so jih poljski organi predložili 3. januarja 2006 [13]:
State aid after accession
Državna pomoč po pristopu
Authority granting State aid/Type of liability
Organ, ki je državno pomoč dodelil/ vrsta obveznosti
Form of State aid
Oblika državne pomoči
Measure in nominal value
Nominalna vrednost ukrepa
(USD 1000)
(v tisočih USD)
Guarantees and pledges on investment credit
Garancije in zastave za investicijski kredit
Amount of debt written-off or deferred/measures in nominal value
Višina odpisanega ali odloženega dolga/nominalna vrednost ukrepov
Tax office Warsaw Prague
Davčni urad Varšava, Praga
Social Insurance Institute
Zavod za socialno zavarovanje
State Fund for Rehabilitation of Disabled Persons (PFRON)
Državni sklad za rehabilitacijo invalidov (PFRON)
Payments to PFRON
Plačila v PFRON
Write-off, Deferral into 5 quarterly instalments; First instalment payable 30 June 2005
Odpis, odlog plačila v obliki 5 četrtletnih obrokov; prvi obrok zapade v plačilo 30. junija 2005
Write-off, Deferral into 6 quarterly instalments; First instalment payable 1 January 2006
Odpis, odlog plačila v obliki 6 četrtletnih obrokov; prvi obrok zapade v plačilo 1. januarja 2006
Deferral into 12 monthly instalments
Odlog plačila v obliki 12 mesečnih obrokov;
First instalment payable 2 January 2006
prvi obrok zapade v plačilo 2. januarja 2006
Warsaw City Authority Białołęka District
Mestna občina Varšava okrožje Białołęka
Fee for perpetual usufruct of land
Nadomestilo za trajno uporabo zemljišča
Deferral of fee until 31 December 2005
Odlog nadomestila do 31. decembra 2005
Warsaw City Authority
Mestna občina Varšava
District Starost Office in Ełk
Okrožni županijski urad v Ełku
Ełk City Authority
Mestna občina Ełk
Real estate tax
Davek na nepremičnine
Deferral into 12 monthly instalments of liabilities for April and May 2004
Odlog plačila obveznosti zaapril in maj 2004 v obliki 12 mesečnih obrokov;
First instalment payable 31 December 2004
prvi obrok zapade v plačilo 31. decembra 2004
First instalment payable 30 June 2005
prvi obrok zapade v plačilo 30. junija 2005
Kożuchów City Authority
Mestna občina Kożuchów
First instalment payable 1 January 2005
prvi obrok zapade v plačilo 1. januarja 2005
Mazowiecki Provincial Governor
Guverner pokrajine Mazowiecki
Write-off of fee for 2004
Odpis nadomestila za 2004
District Starost Office in Opole
Okrožni županijski urad v Opolah
Deferral of fee until 31 December 2004
Odlog nadomestila do 31. decembra 2004
District Starost Office in Nysa
Okrožni županijski urad v Nysi
Nysa City Authority
Mestna občina Nysa
Write-off, Deferral into instalments payable in 16 quarterly instalments
Odpis, obročno odplačevanje v 16 četrtletnih obrokih
Mazowiecki Tax office, Warsaw
Mazowiecki davčni urad, Varšava
Tax on civil law transactions
Davek na civilnopravne posle
II Customs Office in Warsaw
II Carinski urad v Varšavi,
Customs duties
carine
Deferral of payments for May and June 2004 until December 2004
Odlog plačil za maj in junij 2004 do decembra 2004
Deferral of payments for July and August 2004 until January 2005
Odlog plačil za julij in avgust 2004 do januarja 2005
National Fund for Environmental Protection and Water Management/Provincial Fund for Environmental Protection and Water Management
Nacionalni sklad za varstvo okolja invodno gospodarstvo/Pokrajinski sklad za varstvo okolja in vodno gospodarstvo,
Subsidy or preferential loan to finance costs for the implementation and functioning by the end of 2008 of a system to recycle vehicles and the costs of adapting to legal requirements concerning environmental protection
Subvencija ali preferencialno posojilo za financiranje stroškov za izvedbo in obratovanje sistema za recikliranje vozil do konca leta 2008 ter stroškov za prilagoditev pravnim zahtevam ovarstvu okolja.
TOTAL in PLN (rows 2-24)
SKUPAJ v PLN (vrstice 2–24)
The notified aid measures amount to USD 83 million (EUR 66 million) and PLN 62 million (EUR 16 million).
Priglašeni ukrepi pomoči znašajo 83 milijonov USD (66 milijonov EUR) in 62 milijonov PLN (16 milijonov EUR).
At the exchange rate of 20 October 2006, the total aid measures therefore amount to EUR 82 million or PLN 318 million.
Zato znaša skupni znesek ukrepov pomočipo menjalnem tečaju z dne 20. oktobra 2006 82 milijonov EUR ali 318 milijonov PLN.
A large proportion of the aid measures are in the form of a write-off or deferral of the State’s existing claims on FSO.
Velik del ukrepov pomoči je v obliki odpisa ali odloga obstoječih terjatev države do družbe FSO.
Since, to the Commission’s knowledge, FSO has not paid these claims, the company has already benefited from the suspension of payment of its liabilities.
Ker po podatkih Komisije družba FSO teh terjatev ni plačala, je že imela koristi od začasnega odloga plačila svojih obveznosti.
As a result, these measures can be deemed to have already been partially implemented.
Zaradi tega se lahko šteje, da so bili ti ukrepi delno že izvedeni.
For measures notified before this date, the previous 1999 rescue and restructuring guidelines [15] (‘the guidelines’) apply.
Za ukrepe, priglašene pred tem datumom, se uporabljajo prejšne smernice za reševanje in prestrukturiranje iz leta 1999 [15] („smernice“).
As the measures were notified on 29 April 2004, the 1999 guidelines apply.
Ker so bili ukrepi priglašeni 29. aprila 2004, se uporabljajo smernice iz leta 1999.
The Commission therefore made an initial assessment of the notified (new) aid on the basis of the criteria laid down in those guidelines.
Komisija je zato opravila prvotno oceno priglašene (nove) pomoči na podlagi meril iz teh smernic.
The Commission concluded firstly that given the losses and the decline in sales which FSO had suffered in the previous years, it qualified as a firm in difficulty under section 2.1 of the guidelines.
Komisija je najprej ugotovila, da je glede na izgube in upadanje prodaje, ki jih je družba FSOutrpela v prejšnih letih, izpolnila pogoje kot podjetje v težavah v skladu s točko 2.1 smernic.
Regarding restoration of viability, the Commission expressed doubts about certain aspects of the plan.
Glede ponovne vzpostavitve rentabilnosti je Komisija izrazila dvome o določenih vidikih načrta.
One element of these doubts concerned the lack of clarity about the planned level of production.
En element teh dvomov je zadeval pomanjkanje jasnosti o načrtovani ravni proizvodnje.
The Commission also remarked that it did not have at its disposal the updated restructuring plan, which, according to the Polish authorities, had been negotiated with the investor.
Komisija je prav tako pripomnila, da ni imela na voljo posodobljenega načrta za prestrukturiranje, ki je bil po navedbah poljskih organov dogovorjen z investitorjem.
Importantly, the Commission also stated that it had not received a market survey from the Polish authorities.
Pomembno je, da je Komisija prav tako navedla, da od poljskih organov ni prejela tržne raziskave.
It indicated that the survey would have to include an assessment of total production capacity and demand at Community level, and a conclusion as to whether there was excess capacity on the market.
Navedla je, da bi morala raziskava vsebovati oceno skupne proizvodne zmogljivosti in povpraševanja na ravni Skupnostiin sklepno ugotovitev glede tega, ali je na trgu obstajala presežna zmogljivost.
Regarding the avoidance of undue distortion of competition, the Commission indicated that it could not take a final position because, firstly, the Polish authorities had not provided information on whether there was overcapacity on the market on which FSO operated.
Glede preprečevanja nedovoljenega izkrivljanja konkurence je Komisija navedla, da ne more zavzeti dokončnega stališča, ker kot prvo poljski organi niso predložili podatkov o tem, ali je obstajala presežna zmogljivost na trgu, na katerem je poslovala družba FSO.
Secondly, Poland had not indicated whether FSO and/or the investor were planning any measures that could be considered compensatory measures, beyond the capacity reduction already included in the restructuring plan as a measure necessary to achieve viability.
Kot drugo Poljska ni navedla, ali sta FSO in/ali investitor načrtovala kakršne koli ukrepe, ki bi lahko šteli za izravnalne ukrepe, razen zmanjšanja zmogljivosti, že vključenega v načrt za prestrukturiranje, kot potrebnega ukrepa za doseganje rentabilnosti.
Regarding the limitation of aid to the strict minimum necessary, the Commission requested more details on the measures considered to be own contributions and details about restructuring costs.
Glede omejitve pomoči na najnujnejši potrebni znesek je Komisija zaprosila za več podrobnih podatkov o ukrepih, ki štejejo za lastne prispevke, in za podrobne podatke o stroških prestrukturiranja.
The Commission also expressed doubts about whether the aid was limited to the minimum necessary because the conditionality of some of the aid measures seemed to indicate that they were not absolutely necessary.
Komisija je prav tako izrazila dvome o tem, ali je bila pomoč omejena na najmanjši potrebni znesek, ker se je iz pogojev, zahtevanih za nekatere ukrepe pomoči, dalo sklepati, da niso bili absolutno potrebni.
Finally, the Commission noted that the agreement on debt restructuring concluded with public creditors on 22 September 2003 might contain aid granted before accession.
Končno, Komisija je ugotovila, da bi lahko dogovor o prestrukturiranju dolga, sklenjen z javnimi upniki dne 22. septembra 2003, vseboval pomoč, dodeljeno pred pristopom.
Even if the compatibility of this potential aid cannot be assessed and it cannot be recovered, it must nevertheless be taken into account in the assessment of the new aid.
Celo v primeru, da se združljivosti te potencialne pomoči ne more oceniti in je ni možno pridobiti nazaj, jo je treba vseeno upoštevati pri oceni nove pomoči.
POLAND’S COMMENTS
PRIPOMBE POLJSKE
Regarding the contradictory figures on planned production levels in the years 2005 and 2006, the Polish authorities explained in their letter of 13 June 2005 that, owing to delays in the entry of the investor, the figures had had to be revised downwards in successive versions of the restructuring plan.
Glede nasprotujočih si podatkov o načrtovanih ravneh proizvodnje v letih 2005 in 2006 so poljski organi v svojem dopisu z dne 13. junija 2005 pojasnili, da bi bilo treba zaradi zamud pri vstopu investitorja v naslednjih različicah načrta za prestrukturiranje številke popraviti navzdol.
They indicated that the break-even point, estimated to be [100000-150000] units, should be reached in […].
Navedli so, da bi točka rentabilnosti, ki je po ocenah znašala [100000–150000] enot, morala biti dosežena v […].
In their letter of 22 May 2006 the Polish authorities provided sales forecasts for the years 2008 to 2010.
V svojem dopisu z dne 22. maja 2006 so poljski organi predložili prodajne napovedi za obdobje od leta 2008 do 2010.
In the documents submitted during the meeting of 31 August 2006, the Polish authorities provided a forecast for the years 2006 to 2008, which confirmed the figures set out above.
V dokumentih, predloženih med sestankom dne 31. avgusta 2006, so poljski organi predložili napoved za obdobje od leta 2006 do 2008, ki je potrdila zgoraj navedene številke.
Production forecast
Napoved proizvodnje
(1000 cars)
(v tisočih avtomobilov)
Letter of 22 May 2006 [16]
Dopis z dne 22. maja 2006 [16]
Document of 31 August 2006 (Production forecast including assembly kits)
Dokument z dne 31. avgusta 2006 (napoved proizvodnje vključno s sklopi za sestavljanje
In their letter of 3 October 2006, the Polish authorities submitted a substantially higher forecast for 2008 to 2010.
V svojem dopisu z dne 3. oktobra 2006 so poljski organi predložili znatno višjo napoved za obdobje od leta 2008 do 2010.
According to this forecast, annual production should evolve to a level of [over 250000] units during that period.
Po tej napovedi bi naj v tem obdobju letna proizvodnja dosegla raven [več kot 250000] enot.
As requested in the decision to initiate the procedure, Poland submitted the updated version of the restructuring plan on 31 May 2005.
Kakor je bilo od nje zahtevano v odločitvi o sprožitvi postopka, je Poljska 31. maja 2005 predložila posodobljeno različico načrta za prestrukturiranje.
Poland has submitted further updated versions since then.
Poljska je od tedaj predložila nadaljnje posodobljene različice.
The restructuring plan includes descriptions of the markets on which FSO operates.
Načrt za prestrukturiranje vključuje opise trgov, na katerih posluje družba FSO.
It shows that there are considerable overcapacities in the EU, as already indicated.
Iz načrta je razvidno, da v EU obstajajo precejšne presežne zmogljivosti, kakor je že bilo navedeno.
In terms of proposals for compensatory measures, Poland has stated that, firstly, FSO plans targeted restriction of production and sales to the level of [140000-170000] cars until 2008, despite the fact that it could produce [200000-230000] cars and has the real possibility of selling over [140000-170000] cars.
Glede predlogov za izravnalne ukrepe je Poljska navedla, da so kot prvo načrti družbe FSO imeli za cilj omejitev proizvodnje in prodaje na raven [140000–170000] avtomobilov do leta 2008 kljub dejstvu, da bi družba lahko proizvedla [200000–230000] avtomobilov in da ima realne možnosti za prodajo [140000–170000] avtomobilov.
Secondly, FSO has limited its sales network by reducing the number of car sales outlets from […] in 2003 to […] in 2006.
Kot drugo je FSO omejila svojo prodajno mrežo z zmanjšanjem števila prodajaln avtomobilov z […] leta 2003 na […] leta 2006.
It has also liquidated two of its own sales outlets.
Prav tako je likvidirala dve lastni prodajalni.
Thirdly, the company is limiting the number of countries to which it exports its products.
Kot tretje družba omejuje število držav, v katere izvaža svoje izdelke.
Regarding the limitation of the aid to the minimum necessary, the Polish authorities have provided several documents on the amounts described as own contributions.
Glede omejitve pomoči na najmanjši potrebni znesek so poljski organi predložili več dokumentov o zneskih, opisanih kot lastni prispevki.
Finally, Poland has provided a copy of the agreement of 22 September 2003 on debt restructuring.
Končno, Poljska je predložila kopijo dogovora z dne 22. septembra 2003 o prestrukturiranju dolga.
The Polish authorities do not contest that the measures listed in Table 4 constitute State aid, as concluded in the opening decision.
Poljski organi ne spodbijajo, da ukrepi, navedeni v preglednici 4, pomenijo državno pomoč, kakor je ugotovljeno v uvodni odločitvi.
Besides the measures listed in Table 4, in the decision to open the procedure the Commission expressed doubts that the agreement with public creditors of 22 September 2003 on debt restructuring could contain aid granted before accession.
Poleg ukrepov, navedenih v preglednici 4, je Komisija v odločitvi o sprožitvi postopka izrazila pomisleke, da bi lahko dogovor z javnimi upniki z dne 22. septembra 2003 o prestrukturiranju dolga vseboval pomoč, dodeljeno pred pristopom.
Indeed, the Commission noted that the financial institutions accepted a partial write-off of their claims against FSO only on the condition that the depreciation resulting from this waiver was accepted by the Polish tax authority as a cost reducing taxable income.
Tako je Komisija pravzaprav ugotovila, da so finančne institucije pristale na delni odpis svojih terjatev do družbe FSO samo pod pogojem, da poljski davčni organ pristane na to, da se zmanšanje vrednosti, ki je posledica te odpovedi terjatvam, obravnava kot strošek, ki znižuje obdavčljiv dohodek.
The Commission therefore indicated that the State may have granted a more substantial concession than the private parties to the agreement.
Komisija je zato pripomnila, da je možno, da so bile koncesije države mnogo večje kot koncesije zasebnih strank dogovora.
The Polish authorities provided a copy of the agreement of 22 September 2003.
Poljski organi so predložili kopijo dogovora z dne 22. septembra 2003.
The Commission observed that the conversion of debt into FSO shares accepted by the State Treasury was carried out in parallel with and on the same terms as the conversion of debt by DMC, which is a private sector company.
Komisija je ugotovila, da je bila pretvorba dolga v delnice družbe FSO, na katero je pristala državna zakladnica, opravljena vzporedno in pod enakimi pogoji kot pretvorba dolga s strani DMC, ki je družba zasebnega sektorja.
In addition, the amount so converted by DMC is much larger than the amount converted by the State Treasury.
Poleg tega je znesek, ki ga je tako pretvorila DMC, mnogo višji od zneska, ki ga je pretvorila državna zakladnica.
In these circumstances, the Commission concluded that this operation respected the market economy creditor principle and did not constitute State aid.
Zaradi tega je Komisija zaključila, da je ta postopek spoštoval načelo enakosti upnikov v tržnem gospodarstvu in ni pomenil državne pomoči.
Even though doubts on this subject were not expressed in the decision to launch the procedure, because the transaction took place afterwards, the Commission checked whether the sale of the State’s stake in FSO to AvtoZAZ for the […] price of PLN 100 on 30 June 2005 contained aid to the purchaser, and, indirectly, to FSO.
Čeprav glede tega v odločitvi o sprožitvi postopka niso bili izraženi pomisleki, ker je bila transakcija opravljena pozneje, je Komisija preverila, ali je prodaja lastniškega deleža države v družbi FSO podjetju AvtoZAZ za […] po ceni 100 PLN dne 30. junija 2005 vsebovala pomoč za kupca, in, posredno, za družbo FSO.
The Commission has analysed the valuation report drawn up by KPMG.
Komisija je analizirala poročilo o vrednotenju, ki ga je sestavilo svetovalno podjetje KPMG.
The consulting firm observes that the company has been registering heavy losses and that demand for its products has been low.
KPMG ugotavlja, da družba beleži velike izgube in da je povpraševanje po njenih izdelkih majhno.
Therefore, the discounted cash flows method cannot be applied properly.
Zaradi tega ni možno pravilno uporabiti metode diskontiranih denarnih tokov.
Only the cost method and liquidation method can be applied.
Uporabita se lahko samo stroškovna metoda in likvidacijska metoda.
Both methods conclude that FSO’s value is […].
Z obema metodama se je ugotovilo, da vrednost družbe FSO znaša […].
PriceWaterhouseCoopers (‘PWC’) agrees to a large extent with the conclusions of KPMG.
PriceWaterhouseCoopers („PWC“) se v veliki meri strinja z ugotovitvami KPMG.
The Commission has not found any manifest errors in these reports and has concluded that the events that took place between the date of valuation by KPMG and the date of the transaction did not result in the price of the shares becoming […].
Komisija v teh poročilih ni našla nobenih očitnih napak in je zaključila, da dogodki med datumom vrednotenja s strani KPMG in datumom transakcije niso imeli za posledico, da bi cena delnic […].
The Commission therefore considers that this transaction does not include an element of aid.
Komisija zato meni, da ta transkacija ne vključuje elementa pomoči.
In conclusion, only the measures listed in Table 4 constitute aid covered by the current decision.
Sklepa se, da so samo ukrepi, navedeni v preglednici 4, pomoč, ki je zajeta s to odločbo.
Quantification of the aid
Kvantifikacija pomoči
In the decision to launch the procedure, the Commission concluded that the measures listed in Table 4 had not been granted before the accession of Poland to the EU on 1 May 2004.
V odločitvi o sprožitvi postopka je Komisija ugotovila, da ukrepi, navedeni v preglednici 4, niso bili odobreni pred pristopom Poljske EU 1. maja 2004.
However, the Commission observed that in the contract for the sale of FSO shares concluded on 30 June 2005 between the government and AvtoZAZ, the State aid chapter (Article 9) provides that ‘The relevant organs of the public administration intend, provided they receive a decision from the European Commission recognising the planned State aid as consistent with the common market, to grant the Company […] State aid for restructuring.
Vendar je Komisija ugotovila, da v pogodbi za prodajo delnic družbe FSO, sklenjeni 30. junija 2005 med vlado in podjetjem AvtoZAZ, poglavje o državni pomoči (člen 9) določa, da „Ustrezni organi javne uprave nameravajo, pod pogojem, da prejmejo odločbo Evropske komisije, ki potrjuje, da je načrtovana državna pomočskladna s skupnim trgom, družbi […] dodeliti državno pomoč za prestrukturiranje.
This assistance shall be granted on the terms set out in FSO’s restructuring plan, which is currently under review at the European Commission under case number C 3/2005.
Ta pomoč se dodeli pod pogoji iz načrta za prestrukturiranje družbe FSO, ki je sedaj v postopku preiskave pri Evropski komisiji pod številko primera C 3/2005.