natgillin/translations-raw huggingface dataset:
The ‘contractual payments’ appearing in DSB’s accounts and used by DKT concern both the contract concluded with the State which is involved in this case and other payments relating to other contracts (contracts concluded by DSB in Sweden; a contract with Hovedstadens Udviklingsråd (HUR) and a temporary transport contract on the Langå-Struer line).
„Pogodbena plačila“, ki so navedena v računovodskih izkazih DSB in jih je uporabilo DKT, se nanašajo hkrati na pogodbo, sklenjeno z državo, ki se obravnava v tej zadevi, in druga plačila v zvezi z drugimi pogodbami (pogodbe, ki jih je družba DSB sklenila na Švedskem, pogodba, sklenjena z družbo Hovedstadens Udviklingsrad (HUR), in začasna pogodba o prevozu na progi Langa–Struer).
They explain that the reduction of DKK 1 billion follows clearly from the Finance Act for 2003 (Article 28.61.01, paragraph 10).
Pojasnjujejo, da zmanjšanje za 1 milijardo DKK jasno izhaja iz zakona o javnih financah za leto 2003 (člen 28.61.01, odstavek 10).
The Finance Acts for 2003 and 2004 also show that the amounts which had been reduced in 2003 and 2004 were adjusted upwards.
Iz zakonov o javnih financah za leti 2003 in 2004 je poleg tega razvidno, da so bili zneski, ki so se v letih 2003 in 2004 zmanjšali, popravljeni navzgor.
Denmark submits a summary table showing that the total reduction amounted to DKK 1,018 billion.
Danska je predložila zbirno preglednico, ki kaže, da je skupno zmanjšanje torej nazadnje obsegalo 1018 milijonov DKK.
v. Train-kilometres
v. Vlakovni kilometri
In addition, they stress that DSB sent a quarterly report on its contractual production to the Ministry of Transport.
Poleg tega poudarjajo, da je DSB ministrstvu za promet vsako četrtletje poslala poročilo o obsegu prevozov po pogodbi.
DSB’s results
Poslovni izid DSB
Denmark considers that DSB’s provisional budget – based on a predicted 6 % profit ratio – was reasonable and realistic.
Danska meni, da je predvideni proračun družbe DSB – ki temelji na predvideni 6-odstotni stopnji profitne marže – razumen in stvaren.
The fact that the profit ratio turned out to be higher than projected is due to a series of unforeseeable circumstances, the effect of which the Danish Government eliminated by means of an extraordinary reduction in the contractual payments on the one hand, and by collecting dividends on the other.
Da se je stopnja profitne marže izkazala za višjo od stopnje iz predvidenega proračuna, je treba pripisati vrsti nepredvidenih okoliščin, katerih učinek je vlada odpravila, ko je, po eni strani, izredno zmanjšala pogodbena plačila in, po drugi strani, prejela dividende.
Moreover, the Danish authorities challenge the relevance of the data on the performance of European passenger rail transport undertakings.
Danski organi poleg tega izpodbijajo pomembnost podatkov o uspešnosti evropskih podjetij za železniški potniški prevoz.
They also highlight the difficulty of carrying out such comparisons (differences in capital structure and level of capital invested, operating risks, macroeconomic and structural factors influencing undertakings’ accounting data) and cite a report by the European Commission which does not portray DSB as being more profitable than its competitors on the European market.
Poudarjajo tudi težavo pri izvajanju takih primerjav (različne strukture kapitala in ravni vloženega kapitala, pogoji operativnega tveganja, makroekonomski in strukturni dejavniki, ki vplivajo na računovodske podatke podjetij) in navajajo poročilo, ki ga je pripravila Evropska komisija in iz katerega ni razvidno, da je družba DSB donosnejša od konkurentov na evropskem trgu.
Moreover, Denmark does not dispute that the progression in DSB’s trading performance proved more favourable than envisaged in the initial budgets.
Danska poleg tega ne zanika, da se je gibanje poslovnega izida družbe DSB izkazalo za ugodnejše, kot je bilo predvideno v prvotnih proračunih.
However, the Danish authorities provide clarification concerning the effects of the changes in rates of taxation and submit a summary table of DSB’s results.
Danski organi vseeno navajajo pojasnila o učinkih razvoja davčnih stopenj in dodajo zbirno preglednico poslovnih izidov družbe DSB.
Finally, Denmark has submitted recent data relating to DSB’s financial situation, specifying that the after-tax profit for the public service activity was DKK 670 million in 2007 and DKK 542 million in 2008 respectively.
Danska je nazadnje predložila novejše podatke o finančnem položaju družbe DSB in pojasnila, da je dobiček po obdavčitvi za dejavnost javne službe obsegal 670 milijonov DKK leta 2007 in 542 milijonov DKK leta 2008.
Denmark takes the view that, combined with a detailed budget, dividend policy is a highly effective way of guarding against overcompensation because it is a tool which offers flexibility in avoiding overcompensation in the event that the working hypotheses in the budget prove deficient.
Danska meni, da je dividendna politika skupaj z natančnim proračunom zelo učinkovit način preprečevanja čezmernih nadomestil, saj je instrument, ki ponuja prožnost za preprečevanje vsakršnega čezmernega nadomestila, ko se delovne predpostavke proračuna izkažejo za pomanjkljive.
Dividend policy acts as an addition to the detailed budget underlying the transport contract.
Dividendna politika deluje kot dodatek k natančnemu proračunu, na katerem temelji pogodba o prevozu.
The Danish authorities state that the compensation is defined in advance on the basis of a substantiated estimate of income and costs and that it is not an unlimited resource for DSB.
Danski organi opozarjajo, da je nadomestilo opredeljeno vnaprej na podlagi podprte ocene prihodkov in odhodkov in da ni vir, ki bi ga DSB lahko uporabljala brez omejitev.
They also specify that if the real figures indicate a shortfall compared with the provisional budget – for example, due to an unintended increase in costs (management errors, increases in wages, costs or purchases) or due to a loss of income associated with a decline in business compared with predicted levels, DSB is also unable to obtain additional compensation from the State.
Pojasnjujejo še, da če številke kažejo negativno odstopanje od predvidenega proračuna – na primer zaradi višjih stroškov (napake pri vodenju, višje plače, izdatki ali nakupi) ali izgube prihodkov, povezane z zmanjšanjem prometa v primerjavi z napovedmi –, DSB tudi ne more dobiti dodatnega nadomestila od države.
DSB therefore assumes a share of the risk in the event of poor performance.
DSB torej nosi del tveganja v primeru slabih rezultatov.
Consequently, dividend policy plays the role of an additional safeguard against overcompensation in cases where the results indicate a positive discrepancy compared with the provisional budget.
Zato ima dividendna politika po mnenju danskih organov vlogo dodatnega varovala pred vsakršnimi čezmernimi nadomestili, ko poslovni izid kaže pozitivno odstopanje od predvidenega proračuna.
It is a flexible instrument which the State can use to ensure that a given amount is collected from the company.
Je prožen instrument, s katerim lahko država zagotovi, da se dani znesek odvzame družbi.
Denmark specifies that DSB was not able to profit from any advantage in terms of liquid assets so as to distort competition on the market by offering other services etc., in particular by means of cross-subsidisation.
Danska pojasnjuje, da DSB ni imela možnosti izkoristiti morebitno prednost na področju likvidnih sredstev za izkrivljanje konkurence na trgu, tako da bi ponujala druge storitve itd., zlasti z navzkrižnim subvencioniranjem.
The Danish authorities specify that DSB has in total paid DKK 3,469 billion more in dividends for the financial years 1999. to 2007 than projected.
Danski organi poleg tega pojasnjujejo, da skupni znesek dividend v zvezi z računovodskimi izkazi za poslovna leta 1999–2007 obsega 3469 milijonov DKK več, kot je bilo predvideno v proračunu.
DSB paid the Danish State dividends of DKK 607 million in 2007 and 359 million in 2008.
Pojasnili so, da je DSB državi izplačala dividende v vrednosti 607 milijonov DKK leta 2007 in 359 milijonov DKK leta 2008.
Even though it is true that the dividend payments were not made exclusively on the basis of a calculation aimed at determining any overcompensation, the amount of the dividends charged by the Government clearly exceeded the disparity between the predicted results and the actual results.
Po mnenju Danske znesek prejetih dividend, čeprav je res, da izplačila dividend niso bila izvršena le na podlagi izračuna, katerega namen je bil določiti morebitno čezmerno nadomestilo, močno presega razliko med predvidenim in dejanskim poslovnim izidom.
In so far as DSB achieved results in excess of the provisional figures, all of that surplus was taken out of the company in the form of dividends.
Ker je imela družba DSB dobiček, ki je presegal predvidene številke, so ti presežki v celoti šli iz družbe v obliki dividend.
Consequently, Denmark considers that no overcompensation took place.
Danska zato meni, da ni bilo čezmernih nadomestil.
Introduction of a refund mechanism
Uvedba mehanizma vračila
In formulating its observations and in discussions with the Commission, Denmark indicated that it intended to introduce a refund mechanism in the relevant public transport service contracts with DSB.
Danska je pri predstavitvi svojih pripomb in med razpravo s Komisijo navedla, da namerava uvesti mehanizem vračila v zadevne pogodbe o izvajanju javne službe prevoza, sklenjene z družbo DSB.
The mechanism under consideration has the following features.
Načrtovani mehanizem ima naslednje značilnosti:
Operation of the refund mechanism
Delovanje mehanizma vračila
According to the Danish authorities, if they had perfect information about DSB’s performance in advance, the compensation mechanism would have to be expressed using the following formula:
Po mnenju danskih organov bi moral biti mehanizem nadomestila v primeru, ko bi vnaprej imeli popolne informacije o uspešnosti družbe DSB, izražen s to enačbo:
Total revenue (passengers + contractual payments) – reasonable profit – Total expenditure = 0
Skupaj prihodki (potniki + pogodbena plačila) – razumni dobiček – skupaj odhodki = 0
The Danish authorities point out, however, that they do not have access to perfect information for the whole term of multiannual contracts and that, consequently, this formula is rarely equal to zero in practice.
Vendar ti organi opozarjajo, da ne morejo imeti popolnih informacij za celotno trajanje večletnih pogodb že na začetku in da je zato v praksi rezultat te enačbe redko enak nič.
In the current system, the formula is in fact adjusted on the results side (right side of the formula) by using the dividend policy.
V sedanjem sistemu je enačba namreč prilagojena poslovnemu izidu (desni del enačbe) zaradi izvajanja dividendne politike.
Another solution considered by the Danish authorities would be to carry out adjustments to the total revenue (left side of the formula) by adjusting the contractual payments using an annual refund mechanism.
Druga možnost, ki jo načrtujejo danski organi, je izvesti prilagoditve za celotni znesek prihodkov (levi del enačbe), tako da bi se pogodbena plačila vsako leto prilagodila s pomočjo mehanizma vračila.
The size of the adjustment should correspond to the gross reduction expressed in the formula below.
Obseg prilagoditve bi moral ustrezati bruto zmanjšanju, izraženemu v spodnji enačbi.
Total revenue – reasonable profit – Total expenditure = gross reduction
Skupaj prihodki – razumni dobiček – skupaj odhodki = bruto zmanjšanje
Corrections concerning efficiency and qualitative improvements (net reduction)
Popravki v zvezi z učinkovitostjo in količinskimi izboljšanji (neto zmanjšanje)
In order to ensure that DSB continues to have an incentive to improve its efficiency and to attract new passengers, the refund clause should make it possible, according to the Danish authorities, to reward improvements in the undertaking’s performance gauged by predetermined parameters.
Da bi zagotovili nadaljnje spodbujanje družbe DSB k izboljšanju učinkovitosti in privabljanju novih potnikov, bi morala po mnenju danskih organov klavzula o vračilu omogočiti, da je podjetje nagrajeno za izboljšanje uspešnosti glede na vnaprej opredeljena merila.
DSB should therefore be able to retain part of the gross reduction in so far as the gross reduction (which is equivalent to a reasonable profit/return on equity greater than that specified in the formula) is due to:
DSB bi tako morala biti sposobna ohraniti del bruto zmanjšanja, če je to bruto zmanjšanje (ki je enako razumni dobiček/donosnost lastniškega kapitala, ki presega tisto, ki je določena v enačbi) posledica:
a reduction in costs per passenger-kilometre and/or,
znižanja stroškov, merjenega v potniških kilometrih (v nadaljnjem besedilu: potniški km), in/ali
an increase in the number of passengers measured in terms of passenger-kilometres.
povečanja števila potnikov, merjenega v potniških km.
The Danish authorities are therefore considering modulating the refund mechanism as follows:
Zato nameravajo danski organi spremeniti mehanizem vračila, kot je opisano spodaj:
if DSB has reduced its costs (per passenger-kilometre) compared with the average cost over the past 4 years, that improvement will be calculated (cost differential as a percentage multiplied by a total cost base), and
če je družba DSB znižala stroške (na potniški km) v primerjavi s povprečnimi stroški zadnjih štirih let, se bo to izboljšanje izračunalo (razlika v stroških v odstotkih, pomnožena z osnovo vseh stroškov); in
if the number of passengers increases, the increase in passenger traffic measured in passenger-kilometres will be multiplied by DKK 0,80, and the gross reduction will also be reduced by that amount [32].
če se število potnikov poveča, se bo povečanje potniškega prometa, merjeno v potniških km, pomnožilo z 0,80 DKK, bruto zmanjšanje pa se bo tudi zmanjšalo za ta znesek. [32].
The Danish authorities have specified that the total reductions on account of improvements in performance may not exceed the gross reduction in a given year.
Danski organi so navedli, da skupni znesek zmanjšanj zaradi boljših rezultatov ne more preseči bruto zmanjšanja v danem letu.
The net reduction will therefore be between zero and the gross reduction.
Zato bo neto zmanjšanje med nič in bruto zmanjšanjem.
The refund mechanism would therefore have to follow this formula:
Mehanizem vračila bi moral tako slediti naslednji enačbi:
Refund mechanism = gross reduction – variable (Δ.
Mehanizem vračila = bruto zmanjšanje – spremenljivka (Δ.
+ Pas.km Δ) = net reduction
+ potniški km Δ) = neto znižanje
Effect on dividend policy
Vpliv na dividendno politiko
The Danish authorities have stressed that the introduction of such a refund mechanism would have a significant impact on the Danish State’s dividend policy, as indicated in the table below:
Danski organi so poudarili, da bo imela uvedba takega mehanizma vračila velik vpliv na dansko dividendno politiko, kot je prikazano v spodnji shemi.
Public service activities
Dejavnosti javne službe
Total Costs
Skupaj odhodki
Refund mechanism
Mehanizem vračila
Profit/loss- Public service activities
Poslovni izid iz dejavnosti javne službe
Comercial activities
Poslovne dejavnosti
Revenue
Odhodki
Profit/loss- Commercial activities
Poslovni izid iz poslovnih dejavnosti
DSB divident policy
Dividendna politika DSB
+ Profit/loss- Commercial activities
+ Poslovni izid iz poslovnih dejavnosti
DSB's results
Rezultati družbe DSB
Tax, net profit/loss and dividends
Davki, čisti dobiček in dividende
Refund mechanism and maximum level of reasonable profit
Mehanizem vračila in najvišja raven razumnega dobička
The Danish authorities have also indicated that this refund mechanism would be supplemented by the introduction of an upper limit which will ensure that DSB is not awarded an amount of profit exceeding what is regarded as a reasonable level.
Danski organi so še navedli, da bo ta mehanizem vračila dopolnjen z uvedbo zgornje meje, s čimer bo mogoče nadzirati, da ne bo mogoče, da bi bil družbi DSB dodeljen dobiček, katerega znesek bi presegal to, kar se šteje za razumno raven.
The Danish authorities are considering setting this upper limit in relation to DSB’s return on equity which, above the 6 % level established in the contract, would take account of the additional profits generated by increases in efficiency or in passenger numbers.
Danski organi načrtujejo določitev te zgornje meje glede na donosnost lastniškega kapitala družbe DSB, ki bi v primeru, ko bi ta donosnost presegla v pogodbi določenih 6 %, upoštevala dodaten dobiček, ustvarjen zaradi večje učinkovitosti ali povečanja števila potnikov.
This upper limit would be established using the following formula:
Ta zgornja meja bo določena po naslednji enačbi:
Reasonable profit (6 %) + variable (Δ. pas.km Δ +)
Razumni dobiček (6 %) + spremenljivka (Δ. + potniški km Δ)
The incentive factors in the refund mechanism may therefore give DSB an additional advantage if the company improves its costs structure or if passenger numbers increase (Δ.
Spodbujevalni dejavniki v mehanizmu vračila bi tako lahko ustvarili dodaten dobiček za DSB, če bi družba izboljšala strukturo stroškov ali če bi se število potnikov povečalo (Δ.
+ pas.km Δ).
+ potniški km Δ).
The Danish authorities have specified that the calculation takes into account only the share of DSB’s equity capital which corresponds to its public service activity on the basis of the accounting separation.
Danski organi so pojasnili, da se je v izračunu upošteval samo delež lastniškega kapitala družbe DSB, ki ustreza njeni dejavnosti javne službe na podlagi ločenega računovodstva.
According to this mechanism, the upper limit on the reasonable profit could be fixed at a 12 % return on equity capital.
V skladu s tem mehanizmom bi lahko bila zgornja meja razumnega dobička določena na 12-odstotno donosnost lastniškega kapitala.
The Danish authorities specify that the annual limit is set at 10 % spread over 3 years.
Danski organi pojasnjujejo, da letna meja ne bo mogla preseči 10 %, porazdeljenih na tri leta.
Empirical demonstration
Empirični prikaz
The Danish authorities have provided the Commission with an analysis demonstrating empirically what the impact of such a refund mechanism would have been over the period 2004-08, as indicated in the table below:
Danski organi so Komisiji predložili analizo, v kateri je empirično prikazano, kakšen učinek bi tak mehanizem vračila imel v obdobju 2004–2008, kot je navedeno v spodnji preglednici:
Public service activities (million DKK)
Dejavnosti javne službe (v mio. DKK)
Pre-tax result
Poslovni izid pred obdavčitvijo
Reasonable profit (return on equity 6 % before tax)
Razumni dobiček (6-odstotna DLK pred obdavčitvijo)
Gross refund
Bruto vračilo
Estimate of equity capital
Ocena lastniškega kapitala
Passenger km (million)
Potniški km (v mio.)
Cost per passenger km (DKK/km)
Stroški na potniški km (DKK/km)
Difference cost per passenger km (4 years)
Razlika med stroški na potniški km (4 leta)
DSB’s increase in efficiency
Povečanje učinkovitosti DSB
Improvements in passenger km
Povečanje števila potniških kilometrov
DSB’s total improvements
Skupaj povečanje za DSB
Refund – net reduction
Vračilo – neto zmanjšanje
Return on equity after refund mechanism (%)
Donosnost lastniškega kapitala po mehanizmu vračila (v %)
Average return on equity after refund (%)
Povprečje DLK po vračilu (v %)
The application of the refund mechanism would therefore have led to returns on equity for DSB varying between 8,8 % and 11,9 % over the period 2004-08.
Zato bi uporaba mehanizma vračila povzročila, da bila donosnost lastniškega kapitala DSB v obdobju 2004–2008 med 8,8 in 11,9 %.
Due to the rule specifying 10 % on average over 3 years, which was exceeded by 0,2 % in 2006, the refund mechanism would have resulted in a repayment of DKK 38 million for that financial year.
Zaradi pravila povprečja 10 % v treh letih, ki je bilo leta 2006 preseženo za 0,2 %, bi mehanizem vračila pomenil vrnitev na raven 38 milijonov DKK v navedenem poslovnem letu.
Denmark states that the payroll tax exemption has now been abolished.
Danska opozarja, da je oprostitev davka na izplačane plače zdaj odpravljena.
According to the Danish authorities, that exemption did not result in any economic advantage for the companies which benefited from it, such as DSB.
Po mnenju danskih organov ta oprostitev ni ustvarila nobene gospodarske prednosti za podjetja, ki so bila upravičena do nje, kot je na primer DSB.
The exemption was taken into account in the contract, just as it was taken into account during the tendering procedures relating to the transport contracts etc., thus ensuring that all bidders were on an equal footing.
Oprostitev se je upoštevala v pogodbi in na javnih razpisih za pogodbe o prevozu itd., tako da so bili vsi ponudniki enakopravni.
As regards possible compensation for DSB following its no longer being exempt from payroll tax, the Danish authorities point out that the contractual payments made to DSB had initially been calculated on the basis that DSB was not required to pay payroll tax.
Kar zadeva morebitno nadomestilo za družbo DSB po obveznosti plačila davka na izplačane plače, danski organi opozarjajo, da so bila pogodbena plačila, nakazana družbi DSB, najprej izračunana po načelu, da DSB ne sme plačevati davka na izplačane plače.
The compensation had therefore been ‘reduced’ by that amount.
Nadomestilo je bilo tako „zmanjšano“ za ta znesek.
As DSB is now liable for payroll tax, the basis on which the compensation is calculated was no longer valid, and compensation was paid to DSB to take account of this change in the calculation parameters.
Ker je DSB zdaj zavezana za plačilo davka na izplačane plače, osnova za izračun nadomestila torej ni bila več veljavna, družbi DSB pa je bilo nakazano nadomestilo zaradi upoštevanja te spremembe parametrov za izračun.
The compensation amounts to approximately DKK 80 million a year and relates solely to DSB’s public service activities.
To nadomestilo obsega približno 80 milijonov DKK na leto in se nanaša le na dejavnosti javne službe, ki jih izvaja DSB.
According to Denmark, the payroll tax exemption and its subsequent abolition consequently had a neutral effect on DSB’s finances.
Po mnenju Danske sta imeli oprostitev davka na izplačane plače in poznejša odprava te oprostitve torej nevtralen učinek na finance družbe DSB.
ASSESSMENT OF THE MEASURES CONTAINED IN THE PUBLIC SERVICE CONTRACTS
OCENA UKREPOV V POGODBAH O IZVAJANJU JAVNE SLUŽBE
SCOPE OF THE DECISION
OBSEG SKLEPA
This Decision concerns the compatibility with the Community rules on State aid of the public transport service contracts concluded between the Danish Ministry of Transport and Danske Statsbaner.
Ta sklep se nanaša na združljivost pogodb o izvajanju javne službe prevoza, ki sta jih sklenila dansko ministrstvo za promet in Danske Statsbaner, s pravili Skupnosti o državni pomoči.
The initiation of the procedure on 10 September 2008 and, in particular, the comments of the Danish authorities and the observations of the interested parties have enabled the Commission to define the extent and scope of the various public transport service contracts at issue, the procedures for determining the public service compensation and all of the circumstances that could have led to Danske Statsbaner being overcompensated.
Komisija je lahko zaradi sprožitve postopka 10. septembra 2008 ter zlasti komentarjev danskih organov in pripomb zainteresiranih strani natančneje opredelila obseg in področje uporabe različnih obravnavanih pogodb o izvajanju javne službe prevoza, podrobna pravila za določitev nadomestil za javne storitve ter vse okoliščine, zaradi katerih bi družba Danske Statsbaner lahko dobila čezmerna nadomestila.