natgillin/translations-raw huggingface dataset:
In response to recital 118 of the decision to initiate the procedure, where the Commission wonders whether Arriva could sell the contracts, when there were legal clauses to prevent the contracts being terminated, the Danish government explains that the sale of the contracts means a straightforward change in the provider, which requires the consent of the recipient (municipalities and counties) and involves bus operations being maintained at the previously fixed price and on the previously agreed terms.
V odgovor na uvodno izjavo 118 odločitve o sprožitvi postopka, kjer se Komisija sprašuje, ali bi lahko podjetje Arriva prodalo pogodbe, ki vsebujejo pravne klavzule, s katerimi naj bi preprečili prekinitev pogodb, danska vlada pojasnjuje, da prodaja pogodb pomeni odkrito spremembo ponudnika, za katero je potrebno soglasje prejemnika (občine in okrožja) in pri kateri naj bi avtobusna dejavnost še naprej potekala po predhodno določeni ceni in pod predhodno določenimi pogoji.
In the case of the transfer of contracts from Arriva to Connex, the municipalities and counties involved gave their consent.
V primeru prenosa pogodb s podjetja Arriva na podjetje Connex so zadevne občine in okrožja dali soglasje.
THE 1999 AND 2001 RESTRUCTURING MEASURES
UKREPA PRESTRUKTURIRANJA V LETIH 1999 IN 2001
The capital injections of 1999 and 2001 have been accompanied by restructuring measures.
Kapitalska vložka v letih 1999 in 2001 so spremljali ukrepi prestrukturiranja.
These are described in detail in the following sections.
Slednji so podrobno opisani v spodnjih oddelkih.
The 1999 Restructuring Measures
Ukrep prestrukturiranja v letu 1999
The Danish authorities submitted to the Commission in April 2007 four separate notes.
Danski organi so Komisiji aprila 2007 predložili štiri posamezna sporočila.
Three of the notes, dated 26 April 1999, 15 May 1999, and 18 May 1999, had been written by Kromann and Münter, one, dated 18 May 1999, by KPMG.
Tri izmed njih z dne 26. aprila 1999, 15. maja 1999 in 18. maja 1999 je napisalo podjetje Kromann and Münter, eno z dne 18. maja 1999 pa KPMG.
The Danish authorities consider that the note of KPMG constitutes the operational restructuring plan for the 1999 capital injection, and that the three notes of Kromann and Münter constitute the financial restructuring plan.
Danski organi menijo, da sporočilo KPMG predstavlja operativni načrt prestrukturiranja za kapitalski vložek v letu 1999 in da tri sporočila podjetja Kromann and Münter predstavljajo načrt finančnega prestrukturiranja.
KPMG’s note
Sporočilo KPMG
KPMG, one of Combus’s accountancy firms, had carried out an examination of the profitability of selected bus contracts in May 1999.
KPMG, ena izmed računovodskih družb podjetja Combus, je maja 1999 opravila pregled donosnosti izbranih pogodb o avtobusnem prevozu.
In a memo of 18 May 1999, entitled ‘Profitability of selected transport service contracts in the period 1999/2001’, it transmitted its results.
V obvestilu z dne 18. maja 1999 z naslovom „Donosnost izbranih pogodb o prevoznih storitvah v obdobju 1999/2001“ je navedla svoje rezultate.
The examination was based on the operating budgets for Combus for the years 1999-2001, as approved by the board of Combus in November 1998, and corrected with a budget estimate drawn up by the management in April 1999.
Pregled je temeljil na operativnih proračunih podjetja Combus za obdobje 1999–2001, ki jih je odobrila uprava podjetja Combus novembra 1998 in ki so bili popravljeni z oceno proračuna, ki jo je pripravila uprava aprila 1999.
The accountants stated in the memo that the work carried out was not a budget examination.
Računovodje so v obvestilu navedli, da opravljeno delo ni zajemalo pregleda proračuna.
According to the memo, this meant that the accountants had not assessed whether the budgets as a whole contained all the information that was necessary for an independent assessment of Combus’ anticipated development, nor had they assessed whether the budgets reflected the most probable development.
Obvestilo pravi, da računovodje niso ocenili, ali proračuni kot celota vsebujejo vse informacije, ki so potrebne za neodvisno oceno pričakovanega razvoja podjetja Combus, niti niso ocenili, ali proračuni odražajo najverjetnejši razvoj.
In their memo, the accountants stated that profitability could not be assessed by contract, but rather by bus area.
V svojem obvestilu so računovodje navedli, da donosnosti ni bilo mogoče oceniti po pogodbah, temveč po območjih avtobusnih prevozov.
An assessment of the profitability of a bus area was thereby at the same time an indirect assessment of the bus service contracts associated with the bus area.
Ocena donosnosti območja avtobusnih prevozov je bila tako hkrati posredna ocena pogodb za avtobusne storitve, povezane s posameznim območjem avtobusnih prevozov.
The accountants had examined the operating budgets for 5 bus areas.
Računovodje so pregledali operativne proračune za 5 območjih avtobusnih prevozov.
The accountants’ summary of the examination is shown in Table 6.
Povzetek pregleda računovodij je prikazan v tabeli 6.
Accumulated budgets for the period 1999-2001
Zbrani proračuni za obdobje 1999–2001
Source: Memo on the profitability of selected bus service contracts in the period 1999-2001.
Vir: Obvestilo o donosnosti izbranih pogodb za storitve avtobusnega prevoza v obdobju 1999–2001
(in DKK million)
(v milijonih DKK)
Result prior to offsetting provisions
Rezultat pred pobotom rezervacij
Provisions 1998
Rezervacije 1998
Result before tax
Rezultat pred davki
Copenhagen Bus Area
Območje avtobusnih prevozov Kobenhaven
Sjælland Bus Area
Območje avtobusnih prevozov Sjælland
Århus Bus Area
Območje avtobusnih prevozov Århus
Vejle Bus Area
Območje avtobusnih prevozov Vejle
Fyn Bus Area
Območje avtobusnih prevozov Fyn
Total selected bus areas
Skupaj izbrana območja avtobusnih prevozov
Other bus areas in total
Skupaj druga območja avtobusnih prevozov
Bus areas + overheads in total
Območja avtobusnih prevozov + režijski stroški skupaj
Streamlining and rationalisation
Racionalizacija
Anticipated subsequent result
Predvideni nadaljnji rezultat
The table shows that the board of Combus expected the total result for the period 1999-2001 to be a profit of DKK 62,7 million.
Tabela prikazuje, da je uprava podjetja Combus pričakovala, da bo skupen rezultat za obdobje 1999–2001 dobiček v višini 62,7 milijona DKK.
As shown in the table, the operating budgets for the bus areas and for overheads revealed a total deficit of DKK 103,2 million.
Kot prikazuje tabela, operativni proračuni za območja avtobusnih prevozov in režijski stroški kažejo na skupen primanjkljaj v višini 103,2 milijona DKK.
The management estimated in April 1999, against the background of implemented or planned streamlining and rationalisation measures, that savings of approx. DKK 105,9 could be realised between 1999 and 2001.
Po ocenah uprave iz aprila 1999 naj bi na podlagi izvedenih ali načrtovanih ukrepov racionalizacije uspeli prihraniti približno 105,9 milijona DKK v obdobju 1999–2001.
These cost-saving measures were the following:
Ti ukrepi za prihranke so bili naslednji:
Savings related to civil servants as a result of the change of status from civil servants to normal contracts,
prihranki, povezani z javnimi uslužbenci kot posledica spremembe njihovega statusa javnih uslužbencev v status običajnih zaposlenih,
Reduced sickness pay;
manjša nadomestila za čas bolezni,
Improved logistics amongst civil servants;
izboljšana logistika med javnimi uslužbenci,
Improved planning of duties;
izboljšano načrtovanje dolžnosti,
Reductions in administrative personnel;
zmanjšanje števila administrativnih delavcev,
Reductions in maintenance costs;
nižji stroški vzdrževanja,
Reductions in purchase costs;
nižji stroški nabave,
Restructuring of head office.
prestrukturiranje sedeža podjetja.
The estimated savings were not divided into bus areas but, according to the memo, the board considered that a very significant part of the savings could be made in the Copenhagen bus area.
Ocenjeni prihranki niso bili razdeljeni po območjih avtobusnih prevozov, toda v skladu z obvestilom je uprava upoštevala, da je na območju avtobusnih prevozov Kobenhaven mogoče precej prihraniti.
Notes by Kromann and Münter
Sporočila podjetja Kromann and Münter
The three notes by Kromann and Münter state that the law firm and the accountants had examined the profitability of a representative selection of the company’s contracts with a view to an assessment of the company’s operations, and that following the examination, it was deemed necessary to undertake a further provision of approx. DKK 65 million to cover loss-making contracts for the rest of their term.
Tri sporočila podjetja Kromann and Münter navajajo, da so odvetniška pisarna in računovodje preučili donosnost reprezentativnega vzorca pogodb podjetja z namenom, da bi ocenili poslovanje podjetja, po preučitvi pa se je zdelo nujno ustvariti dodatne rezervacije v višini okoli 65 milijonov DKK za kritje pogodb, ki ustvarjajo izgubo, do njihovega izteka.
The company’s equity capital accordingly amounted to DKK 47 million.
Tako je lastniški kapital podjetja znašal 47 milijonov DKK.
It was therefore obvious that the company could not satisfy the terms in its loan agreements and that the annual accounts could not be presented without reservations from the accountants regarding the going concern principle, unless the situation changed significantly.
Bilo je torej očitno, da podjetje ni moglo izpolniti pogojev iz svojih kreditnih pogodb in da letnih izkazov ni mogoče predstaviti brez zadržkov računovodij glede načela delujočega podjetja, razen če bi se položaj bistveno spremenil.
In the opinion of the adviser, a reconstruction of the company would require a capital injection in the range of DKK 300 million.
Po mnenju svetovalca bi za prestrukturiranje podjetja potrebovali kapitalski vložek v višini 300 milijonov DKK.
This amount was justified as follows:
Ta znesek se utemeljuje tako:
The solidity requirement in the different bank loans would increase from 10 % to 20 % on 31 December 1999, rendering necessary an increase in capital [23];
zahteva glede trdnosti pri različnih bančnih posojilih bi se 31. decembra 1999 povečala z 10 % na 20 %, zato bi bila potrebna dokapitalizacija [23];
A capital increase of this amount would lead to an appropriate debt/equity ratio.
dokapitalizacija v tem znesku bi povzročila ustrezno razmerje med dolgom in lastniškim kapitalom.
A capital injection of the amount mentioned would, in the opinion of the adviser, make it possible to resolve the company’s financial situation.
S kapitalskim vložkom v navedenem znesku bi po mnenju svetovalca lahko razrešili finančno stanje podjetja.
The 2001 Restructuring Measures
Ukrep prestrukturiranja v letu 2001
In parallel with the preparation of the sale of Combus to Arriva, the Danish government had requested Arriva to draw up a business and restructuring plan for Combus.
Sočasno s pripravo prodaje podjetja Combus podjetju Arriva je danska vlada od podjetja Arriva zahtevala, da pripravi načrt poslovanja in prestrukturiranja za podjetje Combus.
In January 2001, the Danish government submitted this restructuring plan to the Commission.
Januarja 2001 je danska vlada predložila ta načrt prestrukturiranja Komisiji.
This restructuring plan consists of the following elements:
Ta načrt prestrukturiranja sestavljajo naslednji elementi:
A market study;
tržna študija,
A detailed description of all circumstances that lead to the severe financial difficulties of Combus;
podroben opis vseh okoliščin, ki so privedle do hudih finančnih težav podjetja Combus,
A detailed description of all changes planned in order to safeguard that the company, on its own, will be able to cover all its costs, inter alia, instalment and financial costs, and to face competition after the restructuring process has been finalised;
podroben opis vseh načrtovanih sprememb, da bi zagotovili, da bo podjetje samo sposobno pokriti vse svoje stroške, med drugim stroške obrokov in finančne stroške, ter se soočiti s konkurenco po zaključku postopka prestrukturiranja,
A detailed description of the financing of the restructuring.
podroben opis financiranja prestrukturiranja.
Market Study
Tržna študija
The market study states that the Danish bus market has stabilised after the deregulation started back in 1990.
Tržna študija navaja, da se je danski trg avtobusnih prevozov stabiliziral po deregulaciji, ki se je začela leta 1990.
Prices for providing transport services by bus had fallen constantly between 1990 and 1997.
Cene avtobusnih prevoznih storitev so med letoma 1990 in 1997 nenehno padale.
This development is most likely due to the market opening that started in the early 1990ies.
Ta trend je verjetno posledica odpiranja trga, ki se je začelo v zgodnjih devetdesetih letih prejšnjega stoletja.
The lowest point of prices seems to have been achieved in 1997; since then, prices have recovered and show a slight, but regularly increase.
Cene so, kot kaže, najnižjo raven dosegle leta 1997; od takrat beležijo majhno, a redno rast.
The overall Danish market for public bus transport was dominated, in 1999, by four large operators.
Na celotnem danskem trgu javnih avtobusnih prevozov so leta 1999 prevladovali štirje veliki prevozniki.
Together these four operators hold approximately two thirds of the tendered contracts [24].
Skupaj so ti štirje prevozniki imeli okoli dve tretjini razpisanih pogodb [24].
According to a report of the Danish Competition Authority from 2000, which the market study refers to, the Danish bus market is not likely to be characterised by over-capacity.
Poročilo danskega organa, pristojnega za konkurenco, iz leta 2000, na katerega se sklicuje tržna študija, pravi, da na danskem trgu avtobusnih prevozov verjetno ne bo prišlo do presežnih zmogljivosti.
Due to the fact that regional and local authorities subsidise bus routes to an extent of more than 50 %, a bus transport operator will only offer a bus service if it wins a call for tender.
Ker regionalni in lokalni organi subvencionirajo avtobusne proge v višini več kot 50 %, bo avtobusni prevoznik nudil avtobusno storitev le, če dobi razpis.
Hence, an operator only concludes a deal regarding the amount of buses and bus drivers necessary to perform bus transport, once it has won a public service contract following a tender procedure.
To pomeni, da prevoznik sklene posel le za število avtobusov in avtobusnih voznikov, ki so potrebni za izvajanje avtobusnega prevoza, potem ko dobi javno naročilo storitev na razpisu.
The report of the Danish Competition Authority also concludes that barriers to entry are low; this is due to two factors:
Poročilo danskega organa, pristojnega za konkurenco, ugotavlja tudi, da so ovire za vstop majhne, in sicer zaradi dveh dejavnikov:
First, all public service contracts are put up for tender every five years.
prvič, vsa javna naročila storitev se oddajajo prek razpisov vsakih pet let.
Accordingly, every year approximately 20 % of the market can be contested by new entrants.
Skladno s tem se lahko novi prevozniki vsako leto potegujejo za okoli 20 % trga;
Second, both buses and employees are not too expensive, and can be easily found on the Danish market.
drugič, tako avtobusi kot delavci niso predragi in jih je zlahka najti na danskem trgu.
Consequently, the Danish Competition Authority concluded that the market was characterised by buyer power, a conclusion that was illustrated by the price development subsequent to the deregulation of the Danish bus market.
Posledično je danski organ, pristojen za konkurenco, ugotovil, da je za trg značilna kupna moč, kar ponazarja gibanje cen po deregulaciji danskega trga avtobusnih prevozov.
Detailed description of circumstances that led to financial difficulties
Podroben opis vseh okoliščin, ki so privedle do finančnih težav
The detailed description of all circumstances that led to the severe financial difficulties of Combus indicates that the company’s financial problems were due to Combus’ aggressive expansion policy on the Danish bus market, in particular in the Copenhagen area.
Podroben opis vseh okoliščin, ki so privedle do hudih finančnih težav podjetja Combus, kaže, da so bile finančne težave podjetja posledica njegove agresivne politike širitve na danskem trgu avtobusnih prevozov, zlasti na območju Kobenhavna.
Combus won contracts at excessively low prices, thus creating financial problems.
Podjetje Combus je pridobilo pogodbe po pretirano nizkih cenah, kar je povzročilo finančne težave.
Consequently to the expansion policy, Combus came to operate a large number of loss-making bus services [25].
Zaradi politike širitve je podjetje Combus izvajalo številne avtobusne storitve, ki so prinašale izgubo [25].
Detailed description of changes planned
Podroben opis načrtovanih sprememb
The submission of 8 January 2001 states, among other things, the measures Arriva would take and the contributions it would make in connection with the purchase of Combus.
V načrtu, predloženem 8. januarja 2001, so med drugim navedeni ukrepi, ki bi jih izvedlo podjetje Arriva, in prispevki, ki bi jih dalo v zvezi z nakupom podjetja Combus.
In so far as the detailed description of planned changes is concerned, the restructuring plan outlines 6 cost-cutting measures to be taken by Arriva subsequently to Arriva’s purchase of Combus.
Kar zadeva podroben opis načrtovanih sprememb, načrt prestrukturiranja opredeljuje šest ukrepov za zmanjšanje stroškov, ki naj bi jih izvedlo podjetje Arriva zatem, ko bi kupilo podjetje Combus.
The restructuring plan also foresees an increase in maintenance and fuel costs, as well as some extraordinary costs relating to the restructuring of Combus.
Načrt prestrukturiranja predvideva tudi povečanje stroškov vzdrževanja in goriva kot tudi nekatere izredne stroške, povezane s prestrukturiranjem podjetja Combus.
As regards the outlined changes, costs have been divided into operational, financial and exceptional costs in relation to the restructuring of Combus.
Pri opisanih spremembah so bili stroški razdeljeni na stroške poslovanja, finančne in izredne stroške, povezane s prestrukturiranjem podjetja Combus.
Changes in operational costs
Spremembe stroškov poslovanja
Table 7 provides a brief overview of increases and decreases with regards to operational costs.
Tabela 7 vsebuje kratek pregled povečanj in zmanjšanj stroškov poslovanja.
Increases and reductions with regard to foreseen operational costs (DKK p/a)
Povečanja in zmanjšanja predvidenih stroškov poslovanja (v DKK na leto)
Source: Arriva
Vir: Arriva.
(DKK million)
v milijonih DKK
Increase in maintenance costs
Višji stroški vzdrževanja
Increased fuel prices
Višje cene goriva
Cost reductions
Zmanjšanje stroškov
Reduction in sickness
Manjše število dni bolniškega dopusta
Reduction in the costs of repairs
Nižji stroški popravil
Reduction in insurance costs
Nižji stroški zavarovanja
Closing and disposal of business premises
Zaprtje in prodaja poslovnih prostorov
Merger of headquarters
Združitev poslovnih sedežev
Annual net effect
Letni neto učinek
As disclosed in Table 7, overall operational costs will be reduced by reductions in staff sick days, in the costs of repairs of buses, insurance costs, administrative costs and sales of superfluous infrastructures.
Kot prikazuje tabela 7, se bodo skupni stroški poslovanja zmanjšali zaradi manjšega števila dni bolniškega dopusta delavcev, nižjih stroškov popravil avtobusov, stroškov zavarovanja, upravnih stroškov in prodaje nepotrebnih infrastruktur.
As regards the staff sick days, the restructuring plan confirms that Combus’ employees are sick more frequently than Arriva’s employees.
Kar zadeva število dni bolniškega dopusta zaposlenih, načrt prestrukturiranja potrjuje, da so delavci podjetja Combus pogosteje bolni kot delavci podjetja Arriva.
Arriva intends to introduce its own methods to following up on employees with high sick absence.
Podjetja Arriva namerava uvesti lastne metode spremljanja delavcev z visoko stopnjo bolniškega dopusta.
By doing so, Arriva expects to reduce costs up to an amount of DKK 3,5 million.
Podjetje Arriva pričakuje, da bo tako zmanjšalo stroške za do 3,5 milijona DKK.
As regards the reduction in costs for repairs on buses and insurances, Arriva intends to introduce its own methods and insurance contracts in order to cut Combus’ costs on those areas.
V zvezi z zmanjšanjem stroškov popravil avtobusov in stroškov zavarovanja namerava podjetje Arriva uvesti svoje metode in zavarovalne pogodbe, da bi znižalo stroške podjetja Combus na teh področjih.
Thereby, Arriva expects to reduce costs for employees insurances up to an amount of DKK 2 million and as for vehicles insurances up to an amount of DKK 7 million.
Podjetje Arriva pričakuje, da bo tako zmanjšalo stroške zavarovanja delavcev za do 2 milijona DKK in stroške zavarovanja vozil za do 7 milijonov DKK.
In so far as reduction in administrative costs is concerned, Arriva expects the merger of the companies’ headquarters will result in cost cuts amounting to DKK 39 million as from 2002.
Kar zadeva zmanjšanje upravnih stroškov, podjetje Arriva pričakuje, da bo z združitvijo poslovnih sedežev z letom 2002 zmanjšalo stroške v višini 39 milijonov DKK.
Finally, Arriva intends to sell four depots which will be superfluous after the merger.
Končno pa podjetje Arriva namerava prodati štiri skladišča, ki bodo po združitvi nepotrebna.
By doing so, Arriva expects to cut costs to a level of DKK 3 million p/a.
Podjetje Arriva pričakuje, da bo tako zmanjšalo stroške za 3 milijone DKK na leto.
In total, the cost cuts foreseen by Arriva will amount to DKK 54,5 million p/a.
Po načrtih podjetja Arriva naj bi se stroški zmanjšali skupaj za 54,5 milijona DKK na leto.
Arriva, however, foresees an increase in maintenance costs.
Vendar pa podjetje Arriva pričakuje porast stroškov vzdrževanja.
According to information provided by Combus, Combus had maintenance costs amounting to DKK 70000 per bus in 2000.
Glede na informacije, ki jih je posredovalo podjetje Combus, so njegovi stroški vzdrževanja v letu 2000 znašali 70000 DKK na avtobus.
Arriva anticipates an increase up to DKK 120000 per city bus and DKK 80000 per regional bus, resulting in an increase in maintenance costs amounting to DKK 28 million.
Podjetje Arriva pričakuje, da se bodo ti stroški povečali do 120000 DKK na mestni avtobus in 80000 DKK na regionalni avtobus, zaradi česar bodo stroški vzdrževanja narasli za 28 milijonov DKK.
Furthermore, Arriva foresees a fuel costs increase amounting to DKK 3 million p/a.
Poleg tega naj bi po pričakovanjih podjetja Arriva stroški goriva porasli za 3 milijone DKK na leto.
Changes in financial costs
Spremembe finančnih stroškov
As to the expected reduction in financial costs, Arriva is contractually obliged to reimburse the total outstanding debt of Combus to its private lenders.
Kar zadeva pričakovano zmanjšanje finančnih stroškov, je podjetje Arriva pogodbeno obvezano poplačati celoten neporavnani dolg podjetja Combus njegovim zasebnim posojilodajalcem.
In this respect, the sales agreement foresees that the Danish State and the private commercial debtors of Combus shall partially write off Combus’ debt prior to the sale to Arriva, leaving the undertaking with a debt of DKK 208 million.
V tem smislu prodajna pogodba predvideva, da bodo danska država in zasebni komercialni upniki podjetja Combus odpisali del dolga tega podjetja pred prodajo podjetju Arriva, kar pomeni, da bo preostali dolg znašal 208 milijonov DKK.
Arriva then, upon purchase, has to pay immediately this outstanding debt.
Podjetje Arriva mora nato ob nakupu takoj plačati ta preostali dolg.
The restructuring plan foresees that Arriva replaces the debt from private lenders by an intra-group loan.
Načrt prestrukturiranja predvideva, da podjetje Arriva nadomesti posojilo zasebnih posojilodajalcev s posojilom znotraj skupine.
The annual interest payments for this intra-group loan amount to DKK 13,5 million.
Letna plačila obresti za to posojilo v skupini znašajo 13,5 milijona DKK.
Changes in exceptional costs
Spremembe izrednih stroškov