natgillin/translations-raw huggingface dataset:
While the financial difficulties of TV2 mainly originate from the provision of the public service channel and the absence of a business model with stable revenue sources, the State aid measures are not limited to public service provision, but are directed at TV2 as a group, i.e. including its commercial activities.
Čeprav finančne težave TV2 v glavnem izvirajo iz zagotavljanja javnega televizijskega programa in odsotnosti poslovnega modela s stabilnimi viri prihodka, ukrepi državne pomoči niso omejeni na zagotavljanje javnih storitev, ampak so usmerjeni na TV2 kot skupino, tj. vključujejo njene komercialne dejavnosti.
Furthermore, the Danish authorities have not argued in detail that the State aid measures were compatible with the internal market on the basis of Article 106(2) TFEU and the Commission has not received sufficient information which would enable it to carry out the assessment under Article 106(2) TFEU in conjunction with the Broadcasting Communication [92].
Poleg tega danski organi niso podrobno opredelili, da so ukrepi državne pomoči združljivi z notranjim trgom na podlagi člena 106(2) PDEU, Komisija pa ni prejela zadostnih informacij, ki bi ji omogočile izvedbo ocene v okviru člena 106(2) PDEU v povezavi s sporočilom o radiodifuziji [92].
The Guidelines provide for the possibility of granting rescue aid as a temporary assistance for firms in difficulty pending the preparation of a restructuring plan or to address an acute liquidity crisis.
Smernice zagotavljajo možnost dodelitve pomoči za reševanje kot začasne pomoči za podjetja v težavah, ki pričakujejo pripravo načrta prestrukturiranja, ali za odpravo hude likvidnostne krize.
According to point 26 of the Guidelines, the deadline for putting an end to the aid is extended until the Commission has reached its decision on the plan.
V skladu s točko 26 Smernic se rok za prenehanje pomoči podaljša za toliko časa, da Komisija sprejme odločitev o načrtu.
The fact that the rescue aid facility is still in place for TV2 is in line with that stipulation, as TV2 has submitted a restructuring plan within the deadline.
Dejstvo, da se pomoč za reševanje za TV2 še vedno izvaja, je skladno s to določbo, saj je TV2 načrt prestrukturiranja predložila v določenem roku.
Restructuring aid must be based on a feasible, coherent and far-reaching plan to restore the firm’s long term viability within a reasonable time frame.
Pomoč za prestrukturiranje mora temeljiti na izvedljivem, skladnem in daljnosežnem načrtu, da se v razumnem časovnem okviru ponovno vzpostavi dolgoročna sposobnost preživetja podjetja.
Restructuring usually involves the following elements: the restructuring of all aspects of the functioning of the company, the reorganisation and rationalisation of the firm’s activities, including the withdrawal from loss-making activities and financial restructuring.
Prestrukturiranje običajno vključuje naslednje elemente: prestrukturiranje vseh vidikov delovanja podjetja, reorganizacijo in racionalizacijo dejavnosti podjetja, vključno s prenehanjem deficitnih dejavnosti in finančnim prestrukturiranjem.
Restructuring operations, if benefiting from State aid, cannot be limited, however, to making good past losses without tackling the reasons.
Vendar pa ukrepi prestrukturiranja, če so upravičeni do državne pomoči, ne smejo biti omejeni na pokrivanje preteklih izgub, ne da bi se ugotavljali razlogi za te izgube.
Furthermore, the restructuring has to be financed at least partially by the own resources of the company.
Poleg tega se mora prestrukturiranje vsaj delno financirati iz lastnih sredstev podjetja.
Finally, compensatory measures must be adopted to minimise the distortive effects of the aid.
Sprejeti je treba tudi izravnalne ukrepe, da se zmanjšajo izkrivljajoči učinki pomoči.
The Commission will in the following examine whether these conditions are met.
Komisija bo v nadaljevanju proučila, ali so ti pogoji izpolnjeni.
Eligibility — Firm in difficulty
Upravičenost – podjetje v težavah
According to point 9 of the Guidelines, a firm is in difficulty where it is unable, whether through its own resources or with funds it is able to obtain from its owners/shareholders, to stem losses, which, without outside intervention by public authorities, will almost certainly condemn it to going out of business.
V skladu s točko 9 Smernic je podjetje v težavah, ko ni zmožno z lastnimi sredstvi ali s sredstvi, ki jih lahko pridobi od svojih lastnikov/delničarjev, preprečiti izgub, ki bi brez zunanjega posredovanja državnih organov skoraj gotovo ogrozile obstoj podjetja.
Point 11 of the Guidelines mentions certain criteria according to which a firm is in difficulty, even where none of the criteria of point 10 of the Guidelines are present.
V točki 11 Smernic so navedena določena merila, v skladu s katerimi podjetje velja za podjetje v težavah, tudi če ni prisotno nobeno od meril iz točke 10 Smernic.
Point 11 stipulates that ‘in any event, a firm in difficulty is eligible only where, demonstrably, it cannot recover through its own resources or with the funds it obtains from its owners/shareholders or from market sources’.
Točka 11 določa, da je „[v] vsakem primeru […] podjetje v težavah upravičeno le takrat, ko lahko dokaže, da si z lastnimi sredstvi ali sredstvi lastnikov/delničarjev ali iz tržnih virov, ne more opomoči“.
The Commission comes to the conclusion that at the time of the notification of the restructuring plan, TV2 constituted such a firm in difficulty.
Komisija meni, da je TV2 v času priglasitve načrta prestrukturiranja predstavljala tako podjetje v težavah.
This can be seen from the figures in the Commission’s decision opening the formal investigation procedure, and more importantly from the figures produced in recitals 36-42 of this Decision, which were submitted at a later point in January 2010 and which describe a company with losses, declining market shares, mounting debt and in particular negative cash flows due to declining advertising revenues, bad investments and increasing interest charges.
To je razvidno iz številk v sklepu Komisije o uvedbi formalnega postopka preiskave in, kar je še pomembnejše, iz številk v uvodnih izjavah 36–42 tega sklepa, ki so bile predložene pozneje v januarju 2010 ter opisujejo družbo z izgubami, padajočimi tržnimi deleži, vedno večjim zadolževanjem in zlasti negativnimi denarnimi tokovi zaradi zmanjševanja prihodkov iz oglaševanja, slabih naložb in povečevanja stroškov obresti.
While it turned out later that the company had indeed, as competitors estimated, made a profit in 2008 (the estimate at the end of March 2008 still pointed to […] of DKK […] million), this profit was small, and does not in itself alter the finding that the company could not continue its operations without external financing.
Čeprav se je pozneje izkazalo, da je imela leta 2008 družba dejansko dobiček (ocena ob koncu marca 2008 je še vedno kazala […] v višini […] DKK), kot so ocenjevali konkurenti, je bil le-ta majhen in to samo po sebi ne spremeni ugotovitve, da družba brez zunanjega financiranja ne bi mogla nadaljevati z izvajanjem svojih dejavnosti.
The private credit facilities at the company’s disposal were short term and could be withdrawn any time.
Zasebna kreditna sredstva, ki so bila družbi na voljo, so bila kratkoročna in bi se lahko kadar koli ukinila.
The company had an acute liquidity need which it could not overcome by its own resources.
Družba je imela veliko likvidnostno potrebo, ki je ne bi mogla zadovoljiti z lastnimi sredstvi.
Nor could it obtain external financing.
Prav tako ni mogla pridobiti zunanjega financiranja.
There was a danger that short-term credits would be withdrawn.
Obstajala je nevarnost, da bodo kratkoročni krediti preklicani.
As already stated in the opening decision, the main financing bank of TV2, […], asked to reduce its loan and credit facilities in 2008.
Kot je bilo že navedeno v sklepu o začetku postopka, je glavna finančna banka družbe TV2, tj. […], leta 2008 zaprosila za zmanjšanje njenega posojila in kreditnih sredstev.
In addition to TV2’s problems, which even included mortgaging its own premises in Odense, Denmark produced evidence that other banks had also refused to provide TV2 with long-term loans (see recitals 44 et seq. of this Decision).
Poleg težav družbe TV2, ki so vključevale celo pridobivanje hipoteke na lastne prostore v Odenseju, je Danska predložila dokaze, da tudi druge banke družbi TV2 niso hotele zagotoviti dolgoročnih posojil (glej uvodno izjavo 44 in naslednje tega sklepa).
The banks pointed to the weaknesses in TV2’s cyclical income stream based on advertising revenues, which as a business model was considered unsustainable.
Banke so izpostavile pomanjkljivosti cikličnega toka dohodka TV2, ki temelji na prihodkih iz oglaševanja, kar se je štelo za netrajnosten poslovni model.
Pending legal cases added to the problems.
K težavam so prispevale nerešene pravne zadeve.
As a result, TV2’s funding became increasingly tilted towards short-term liabilities, and thus fragile.
Financiranje TV2 se je začelo posledično vedno bolj nagibati h kratkoročnim posojilom, s čimer je družba postala občutljiva.
In other words, TV2 was unable, within the meaning of point 11 of the Guidelines, to recover from the situation using funds obtainable from market sources.
Z drugimi besedami, TV2 si v smislu točke 11 Smernic ni bila sposobna opomoči s sredstvi iz tržnih virov.
These findings are not called into question by the submissions from competitors.
V vlogah konkurentov te ugotovitve niso izpodbijane.
For completeness, it should be mentioned that the Guidelines do not require the company to be in actual insolvency proceedings.
Zaradi izčrpnosti je treba omeniti, da Smernice ne zahtevajo, da je podjetje v dejanskem postopku nesolventnosti.
On the contrary, aid can be given — under strict conditions — to prevent precisely that.
Ravno nasprotno, pomoč se lahko pod strogimi pogoji dodeli z namenom, da se to prepreči.
As to the arguments of the competitors that TV2 is a profitable company, or could become profitable, the above-mentioned results for TV2 show that the company realised a profit in 2008, but contrary to what Viasat had estimated, it incurred a loss for 2009 of DKK 27 million, which deviated significantly from the Viasat forecast of DKK 249 million in profit.
V zvezi z argumenti konkurentov, da je TV2 dobičkonosna družba ali bi lahko postala dobičkonosna, zgoraj navedeni rezultati za TV2 kažejo, da je imela družba leta 2008 dobiček, vendar je, v nasprotju z ocenami zainteresirane strani Viasat, leta 2009 utrpela izgubo v višini 27 milijonov DKK, kar je bistveno odstopalo od zneska, ki ga je napovedala zainteresirana stran Viasat, tj. dobička v višini 249 milijonov DKK.
The profit for 2010 is also estimated to be much smaller than that assumed by Viasat.
Tudi dobiček, napovedan za leto 2010, je bistveno manjši od tistega, ki ga je predvidela zainteresirana stran Viasat.
The Commission has not found any errors in the methodologies used by TV2 and its consultant PWC (see also recital 41 of this Decision).
Komisija ni ugotovila nobenih napak v metodologijah, ki sta jih uporabili družba TV2 in podjetje PWC (glej tudi uvodno izjavo 41 tega sklepa).
As to the study of TV2’s credit rating submitted by Viasat and carried out by Audon partners [93], according to which TV2 could have obtained credit, the reactions of banks show that the real picture is a different one.
V zvezi s študijo bonitetne stopnje TV2, ki jo je predložila Viasat in izvedlo podjetje Audon Partners [93] ter v skladu s katero bi TV2 lahko pridobila kredit, odzivi bank kažejo, da je dejansko stanje drugačno.
The analysis is furthermore based only on figures and assumptions which have not been checked with TV2.
Poleg tega analiza temelji samo na številkah in predpostavkah, ki niso bile preverjene pri TV2.
The fact that the company has drawn much less on the rescue aid credit facility than it could have does not mean that it cannot be regarded as a firm in difficulty.
Dejstvo, da je družba iz kreditnih sredstev za pomoč za reševanje črpala manj, kot bi lahko, ne pomeni, da je ni mogoče obravnavati kot podjetje v težavah.
It would be an absurd finding to disqualify a beneficiary of rescue and restructuring aid from eligibility for the aid if cost-saving measures and other measures envisaged in the restructuring plan later prove to be successful, and help the company to deal with its financing problems largely using its own resources.
Absurdno bi bilo ugotoviti, da je bila upravičencu do pomoči za reševanje in prestrukturiranje odvzeta upravičenost do pomoči, če bi se pozneje izkazalo, da so bili varčevalni in drugi ukrepi, predvideni v načrtu prestrukturiranja, uspešni in so podjetju pomagali pri odpravljanju finančnih težav v glavnem s porabo lastnih sredstev.
This might, however, lead to the result that at a certain point in time ongoing State aid is no longer necessary, which will be discussed below (see recital 149).
Vendar bi to lahko privedlo do ugotovitve, da državna pomoč v določenem trenutku ni bila več potrebna, kar bo obravnavano v nadaljevanju (glej uvodno izjavo 149).
In any event, the credit facility was always constructed in such a way that the company could only get access to it in the event of a certified need.
V vsakem primeru so bila kreditna sredstva vedno oblikovana na tak način, da so bila podjetju dostopna samo v primeru, če je bila potreba potrjena.
This was done in order to keep the aid to the minimum, and TV2’s behaviour in trying to achieve the restructuring process as much as possible using its own resources is in line with that requirement.
Namen tega ukrepa je bil omejiti pomoč na minimalni znesek, obnašanje TV2, ko je poskušala postopek prestrukturiranja v največji možni meri izvesti z uporabo lastnih sredstev, pa je v skladu s to zahtevo.
It should furthermore be underlined that the numerous allegations by Viasat and SBS that TV2’s weak financial situation is self-inflicted through poor management decisions or bad investments is irrelevant for its eligibility under the Guidelines, which do not ask for the cause of the financial problems of the aid beneficiary, but only seek to ascertain that the aid beneficiary is indeed a firm in difficulty.
Nadalje je treba poudariti, da številne obtožbe s strani zainteresiranih strani Viasat in SBS v zvezi s tem, da je slabo finančno stanje povzročila TV2 sama s slabimi upravljavskimi odločitvami ali slabimi naložbami, ne vplivajo na upravičenost družbe v okviru Smernic, ki ne zahtevajo razloga za finančne težave upravičenca do pomoči, ampak samo želijo zagotoviti, da je upravičenec do pomoči dejansko podjetje v težavah.
Competitors have also, in this respect, asserted that TV2’s problems largely stem from the public service channel and that internal cost and transfer pricing adjustments could remedy this situation.
Konkurenti so v zvezi s tem tudi zatrdili, da težave TV2 v glavnem izvirajo iz javnega televizijskega programa ter da bi lahko notranji stroški in prilagoditve oblikovanja cen transferjev cen izboljšali stanje.
However, the Commission does not consider this argument relevant in a situation in which the aid goes to the group as such, including the commercial operations.
Vendar Komisija te utemeljitve ne obravnava kot ustrezne v primeru, ko se pomoč dodeli skupini kot taki, vključno s komercialnimi dejavnostmi.
The Commission notes, however, that TV2 has separate and audited accounts for the public service and other activities, and a fully documented and audited transfer pricing policy, which is relatively simple, transparent and aims to give an accurate picture of the different activities based on transfer prices on market terms.
Vendar pa Komisija ugotavlja, da TV2 vodi ločene račune za javne storitve in druge dejavnosti ter da so ti revidirani ter ima v celoti dokumentirano in revidirano politiko oblikovanja cen transferjev, ki je dokaj preprosta, pregledna in usmerjena k zagotavljanju prave slike različnih dejavnosti, ki temeljijo na cenah transferjev po tržnih pogojih.
On the exogenous factors, Viasat agrees with the assumption of a GDP growth of 1,02 %.
Viasat se v zvezi z zunanjimi dejavniki strinja s predpostavko glede 1,02-odstotne rasti BDP.
Contrary to their understanding, Denmark did not forecast that the advertising market would drop by 10 % each year in the 2009-2013 period, but simply stated that […].
V nasprotju z njunim prepričanjem Danska ni napovedala, da se bo oglaševalski trg v obdobju 2009–2013 vsako leto zmanjšal za 10 %, ampak je preprosto navedla, da napoveduje […] oglaševalskega trga.
Regarding the argument that licence fees granted to the regional broadcasting stations should have been included in the assessment of TV2’s financial situation, the Commission finds that the licence fees finance the programme production of regional broadcasters and are relevant only in relation to that.
Komisija v zvezi s trditvijo, da bi bilo treba naročnine, dodeljene regionalnim radijskim in televizijskim postajam, vključiti v oceno finančnega položaja TV2, ugotavlja, da se iz naročnin financira samo programska produkcija regionalnih postaj in da so pomembne samo iz tega vidika.
In this regard, the Commission notes that the regional TV2 stations are independent from TV2 and subject to their own public service obligations under the Danish Broadcasting Act, for which they receive licence financing.
Komisija v zvezi s tem navaja, da so regionalne postaje TV2 neodvisne od družbe TV2 in so podvržene svojim lastnim obveznostim iz danskega zakona o radiodifuziji, za katere prejemajo finančna sredstva iz naročnin.
As to SBS’s argument that viewers will pay twice for the programme, it should be stressed that one of the payments — the subscription fees for TV2 main channel — result from the customer’s choice and have been found not to involve any State aid.
V zvezi s trditvijo SBS, da bodo gledalci program plačali dvakrat, je treba poudariti, da je eno od plačil, tj. naročnine za glavni program TV2, posledica uporabnikove izbire in da je bilo zanj ugotovljeno, da ne vključuje državne pomoči.
In any event, it has been shown above that TV2 as a group was a firm in difficulty suffering from acute financing needs, since it could not obtain any external financing from banks.
V vsakem primeru je bilo zgoraj prikazano, da je bila TV2 kot skupina podjetje v težavah, v katerem so nastale resne potrebe po financiranju, ker od bank ni mogla pridobiti zunanjega financiranja.
This included any potential benefits resulting from its obligation to broadcast these programmes.
To je vključevalo kakršne koli morebitne koristi, ki so izhajale iz njene obveznosti do oddajanja teh programov.
TV2’s dire situation changed, however, with the sale of the broadcasting transmission network.
Vendar se je zelo resen položaj TV2 spremenil s prodajo oddajnega prenosnega omrežja.
Using the proceeds from the sale of the broadcasting network, TV2 was able to pay back part of its debt, and the financial outlook became much more positive, as can be seen from the figures in recitals 62-64 of this Decision.
je lahko z iztržkom od prodaje oddajnega omrežja povrnila del svojega dolga, finančna napoved pa je postala precej bolj pozitivna, kot je razvidno iz številk v uvodnih izjavah 62–64 tega sklepa.
Trends in the advertising market are also more positive [95].
Tudi trendi na oglaševalskem trgu so pozitivnejši [95].
was able to repay its state loan drawn from the rescue aid facility.
je lahko odplačala svoje državno posojilo, ki ga je črpala iz sredstev za pomoč za reševanje.
Subject to the outcome of the pending State aid cases and the approval of the restructuring plan, TV2 expects to have sufficient financing until January 2012 when the subscription charges will be implemented [96].
glede na izid nerešenih zadev v zvezi z državno pomočjo in odobritev načrta prestrukturiranja pričakuje, da bo do januarja 2012, ko se bodo začela izvajati plačila naročnin, finančno dovolj sposobna [96].
Given that new situation, the Commission does not find that TV2 can still currently be classified as a firm in difficulty.
Komisija glede na te nove razmere meni, da se TV2 trenutno ne more več obravnavati kot podjetje v težavah.
There is therefore no need for any aid measure beyond the approval of this Decision, and the notified, non-implemented loan and credit facility contained in the restructuring plan should be repealed.
Zato poleg sprejetja tega sklepa ni potrebe po kakršnem koli ukrepu pomoči, priglašena neizvedena kreditna sredstva in posojilo iz načrta prestrukturiranja pa naj se odpravijo.
For the same reason, the existing aid facility under the rescue aid decision should also come to an end.
Iz enakih razlogov naj se odpravijo tudi obstoječa sredstva za pomoč iz sklepa o pomoči za reševanje.
Pursuant to point 34 of the Guidelines, the grant of the aid must be conditional on implementation of a restructuring plan which must restore viability to the company within a reasonable timescale.
Glede na točko 34 Smernic mora biti dodelitev pomoči pogojena z izvajanjem načrta prestrukturiranja, ki mora v razumnem času obnoviti sposobnost preživetja družbe.
The restructuring plan describes the circumstances that led to the company’s difficulties as having been caused by new activities which did not turn out to be profitable, and the increasingly unprofitable public service channel.
Načrt prestrukturiranja opisuje okoliščine, ki so privedle do težav družbe, ki so jih povzročile nove dejavnosti, ki se niso izkazale za dobičkonosne, in vedno bolj nedobičkonosen javni televizijski program.
In the Commission’s view, the restructuring plan adequately addresses these issues.
Načrt prestrukturiranja po mnenju Komisije ustrezno obravnava te težave.
The Commission notes that the restructuring plan provides for financial and operational restructuring measures which, together with an amended business model, will enable the company to stand on its own feet.
Komisija navaja, da načrt prestrukturiranja zagotavlja finančne in operativne ukrepe za prestrukturiranje, ki bodo skupaj s spremenjenim poslovnim modelom družbi omogočili, da bo postala samostojna.
In this regard, the Commission firstly notes that the requirement in the restructuring plan to sell assets resulted in the successful sale of the broadcasting network, which provided TV2 with sufficient funds to repay its debts.
Komisija v zvezi s tem najprej navaja, da je bila posledica zahteve po prodaji premoženja iz načrta prestrukturiranja uspešna prodaja oddajnega omrežja, ki je TV2 zagotovila dovolj sredstev, da je povrnila svoj dolg.
Other measures in the form of cost savings will also contribute to the long-term viability of the firm (see recitals 47 and 48 above).
Tudi drugi ukrepi v obliki varčevanja bodo prispevali k dolgoročni sposobnosti preživetja družbe (glej uvodni izjavi 47 in 48 zgoraj).
The company is also giving up loss-making activities; in 2008, it sold its loss-making radio operation to the SBS group.
Družba prav tako opušča deficitne dejavnosti; leta 2008 je skupini SBS prodala svojo deficitno radijsko dejavnost.
This is also demonstrated by the reactions of banks, which refused to provide funding due to their concerns about trends on the advertising market and doubts as to TV2’s earning ability.
To dokazujejo tudi odzivi bank, ki zaradi svojih zadržkov glede trendov na oglaševalskem trgu in dvomov v zvezi s sposobnostjo TV2 za pridobivanje zaslužka niso hotele zagotoviti financiranja.
The new business model will provide TV2 with a more stable income base by charging subscription fees for the viewing of its main channel.
Novi poslovni model bo TV2 zagotovil stabilnejšo osnovo prihodka z zaračunavanjem naročnin za spremljanje njenega glavnega programa.
The originally notified duration of the restructuring plan until 31 December 2012 spans a period of almost 4 years.
Prvotno priglašeni čas trajanja načrta prestrukturiranja do 31. decembra 2012 se razširja na obdobje skoraj štirih let.