natgillin/translations-raw huggingface dataset:
This period was chosen because the Danish Government believed that with the introduction of a new business model and its first experiences in practice, banks would again be willing to lend money to TV2, i.e. the period was chosen to be long enough to amass this experience.
Danska vlada je to obdobje izbrala zato, ker je menila, da bi bile banke z uvedbo novega poslovnega modela in prvimi izkušnjami v praksi družbi TV2 ponovno pripravljene dati posojila, tj. izbrano je bilo obdobje, ki je dovolj dolgo, da se zberejo te izkušnje.
However, given that all aid will be repealed with the adoption of this Decision (see above), the Danish Government now considers that the restructuring period should end on the repeal of all aid measures.
Vendar danska vlada glede na to, da bo celotna pomoč odpravljena s sprejetjem tega sklepa (glej zgoraj), zdaj meni, da bi se moralo obdobje za prestrukturiranje končati z odpravo vseh ukrepov pomoči.
The Commission takes a different view.
Komisija zavzema drugačno stališče.
According to the Guidelines, restructuring should result in the company’s return to long-term viability.
Glede na Smernice bi moralo prestrukturiranje povzročiti ponovno vzpostavitev dolgoročne sposobnosti preživetja družbe.
The Commission considers that the restructuring period lasts until the moment when the company has implemented all restructuring measures, ensuring such long-term viability.
Komisija meni, da obdobje za prestrukturiranje traja tako dolgo, dokler družba ne izvede vseh ukrepov za prestrukturiranje, ki zagotavljajo tako dolgoročno sposobnost preživetja.
While all State aid measures will cease immediately on adoption of this Decision, the restoration of long-term viability to TV2 is not guaranteed as of this moment as long as TV2 still lacks a sustainable business model.
Čeprav bodo vsi ukrepi državne pomoči prenehali veljati takoj, ko bo sprejet ta sklep, ponovna vzpostavitev dolgoročne sposobnosti preživetja TV2 v tem trenutku ni zagotovljena, dokler TV2 ne bo imela trajnostnega poslovnega modela.
Such a business model will only be established with the introduction of the end-user charges.
Tak poslovni model bo vzpostavljen samo z uvedbo nadomestil za končne uporabnike.
The introduction of end-user charges is also the main restructuring measure directly addressing the most serious cause of TV2’s financial difficulties.
Uvedba nadomestil za končne uporabnike je tudi glavni ukrep za prestrukturiranje, ki neposredno obravnava najresnejši vzrok finančnih težav TV2.
According to point 38 of the Guidelines, in order to ensure that the adverse effects of the aid on trading conditions are minimised as much as possible, so that the positive effects pursued outweigh the adverse ones, compensatory measures must be taken.
V skladu s točko 38 Smernic je treba sprejeti izravnalne ukrepe, ki bodo v največji možni meri zmanjšali škodljive učinke pomoči na pogoje poslovanja, tako da bodo manjši od želenih pozitivnih učinkov.
These measures may comprise divestment of assets or reductions in capacity or market presence.
Ti ukrepi lahko vsebujejo prenos sredstev ali zmanjšanje zmogljivosti ali prisotnosti na trgu.
According to point 40 of the Guidelines, they must be in proportion to the distortive effects of the aid and the relative importance of the firm on its markets.
V skladu s točko 40 Smernic morajo biti sorazmerni z izkrivljajočimi učinki pomoči in relativno pomembnostjo podjetja na njegovih trgih.
In principle, the commitment not to open any new channels (i.e. limiting market presence), can be seen as a compensatory measure, as it excludes TV2 from competing for new customers and therefore benefits its competitors.
Načeloma se lahko prepoved uvajanja novih programov (tj. omejevanje prisotnosti na trgu) obravnava kot izravnalni ukrep, ker TV2 izključuje iz konkuriranja za nove stranke in s tem zagotavlja prednost njenim konkurentom.
The opening of new commercial channels would be beneficial to TV2 because the channels would be financed by a steady revenue source based on non-cyclical subscription fees, and because they would provide the necessary income to the group, partially counterbalancing the negative results from the public service channel.
Uvajanje novih komercialnih programov bi TV2 koristilo, ker bi bili programi financirani s stalnim virom prihodkov, ki bi temeljil na necikličnih naročninah, in ker bi skupini zagotavljali potreben prihodek, s čimer bi delno izničili negativne rezultate javnega televizijskega programa.
According to the market analysis provided in the restructuring plan, the pay-TV market is growing [98].
Glede na tržno analizo iz načrta prestrukturiranja se trg plačniške televizije širi [98].
TV2’s competitors, however, argue that the option of opening new commercial channels was not available to TV2 anyway, since the market was saturated.
Vendar konkurenti TV2 zatrjujejo, da možnost uvajanja novih programov družbi TV2 tako ali tako ni bila omogočena, ker je bil trg zasičen.
In this regard, the Commission notes that TV2’s competitors themselves launched channels in 2009 (SBS launched 6erene, Canal Digital will launch a sports channel, Viasat launched a channel on 23 March 2009, and the TV4 group launched Canal 9 in July 2009).
Komisija v zvezi s tem navaja, da so sami konkurenti družbe TV2 leta 2009 uvedli programe (SBS je uvedla 6erene, Canal Digital bo uvedla športni program, Viasat je program uvedla 23. marca 2009, skupina TV4 pa je julija 2009 uvedla Canal 9).
Denmark has also confirmed that due to the restructuring, TV2 will also be prevented from launching radio channels [99].
Danska je prav tako potrdila, da bo za TV2 zaradi prestrukturiranja veljala tudi prepoved uvajanja radijskih programov [99].
This commitment is highly relevant in that there is an upcoming tender procedure for the operating licence for the new FM 4 radio station.
Ta zaveza je zelo pomembna zaradi prihodnjega razpisnega postopka za licenco za poslovanje za novo radijsko postajo FM4.
Denmark originally expressed an interest in TV2’s possible participation in this tender, but later confirmed that such a bid would not take place in view of the Commission’s ongoing investigation of the restructuring plan, despite the fact that plans for this had already been made.
Danska je prvotno izrazila zanimanje za morebitno sodelovanje TV2 na tem razpisu, vendar je pozneje potrdila, da take ponudbe ne bo predložila zaradi tekoče preiskave načrta prestrukturiranja, ki jo je izvajala Komisija, čeprav je bila udeležba že načrtovana.
In other words, contrary to what the competitors claim, the commitment not to open new channels had proven to have a real meaning and constitutes a sacrifice for the company.
Z drugimi besedami, v nasprotju s trditvami konkurentov se je izkazalo, da je imela prepoved uvedbe novih programov velik pomen in da za družbo pomeni izgubo.
The Commission considers this commitment to be important in light of point 46 of the Guidelines, according to which aid should not go to finance new investment that is not essential for restoring the firm’s viability.
Komisija to zavezo obravnava kot pomembno v smislu točke 46 Smernic, v skladu s katero pomoč ne sme biti namenjena financiranju novih naložb, ki niso bistvenega pomena za obnovo sposobnosti podjetja za preživetje.
The Commission also considers the proposed compensatory measures to be in proportion to the distortive effects of the aid measures.
Komisija predlagane izravnalne ukrepe prav tako obravnava kot sorazmerne z izkrivljajočimi učinki ukrepa pomoči.
It should be pointed out that these measures all end on the date of adoption of this Decision.
Poudariti je treba, da bodo vsi ti ukrepi odpravljeni z datumom sprejetja tega sklepa.
In that regard, the Commission would point out that none of the notified restructuring aid measures has been, or will be, implemented.
Komisija želi v zvezi s tem poudariti, da nobeden od priglašenih ukrepov pomoči za prestrukturiranje ni bil oziroma ne bo izveden.
As can be seen from recitals 150 et seq. the rescue aid facility will also be repealed on adoption of this Decision.
Kot je razvidno iz uvodne izjave 150 in naslednjih, bodo s sprejetjem tega sklepa ukinjena tudi sredstva za pomoč za reševanje.
This means that the company will not receive any State aid.
To pomeni, da družba ne bo prejemala nikakršne državne pomoči.
The actual payments made under the rescue aid facility were, however, limited (DKK 223 million drawn of DKK 1000 million available).
Vendar so bila dejanska plačila, izvedena v okviru sredstev za pomoč za reševanje, omejena (od razpoložljivih 1000 milijonov DKK je bilo izčrpanih 223 milijonov DKK).
Most of the aid was actually drawn as rescue aid (DKK 208 out of 223 million were drawn until end 2008, i.e. within the six-month rescue period) and all the funds actually drawn from the credit facility have already been repaid to the State.
Večina pomoči se je dejansko črpala kot pomoč za reševanje (do konca leta 2008, tj. v šestmesečnem obdobju reševanja, je bilo izčrpanih 208 milijonov DKK od 223 milijonov DKK), vsa sredstva, ki so se dejansko črpala iz kreditnih sredstev, pa so bila državi že povrnjena.
Nor is the actual amount drawn from the credit facility — DKK 223 million — excessive in light of TV2’s 2008 turnover ([…] %).
Prav tako dejanski znesek, izčrpan iz kreditnih sredstev, tj. 223 milijonov DKK, glede na promet TV2 iz leta 2008 ni čezmeren ([…] %).
In light of this, the Commission does not consider it necessary to demand further compensatory measures from Denmark and the aid beneficiary.
Glede na to Komisija meni, da od Danske in upravičenke do pomoči ni potrebno zahtevati nadaljnjih izravnalnih ukrepov.
For that reason, the Commission does not see any need for further compensatory measures, as suggested by the competitors.
Zato Komisija ne vidi nobene potrebe po nadaljnjih izravnalnih ukrepih, kot so predlagali konkurenti.
However, the Commission does not agree with the proposal by Denmark that the commitment should cease when all aid measures have come to an end [100].
Vendar se Komisija ne strinja s predlogom Danske, da bi bilo treba zavezo odpraviti ob izteku vseh ukrepov [100].
Thirdly, the restructuring plan is based on the premise that it is only when the end-user charges are introduced in 2012 that the company will have access to external financing; only then will long-term viability be restored.
Tretjič, načrt prestrukturiranja temelji na predpostavki, da bo družbi zunanje financiranje omogočeno šele z uvedbo nadomestil za končne uporabnike leta 2012; šele takrat bo obnovljena dolgoročna sposobnost preživetja.
Denmark itself has argued that the aid measures, including the rescue aid facility which is still in place, would be needed to fill the liquidity gap until a more stable business model for the public service channel was in place.
Danska sama je trdila, da bodo za zapolnitev likvidnostne vrzeli potrebni ukrepi pomoči, vključno s sredstvi za pomoč za reševanje, ki so še zmeraj veljavna, dokler ne bo uveden stabilnejši poslovni model.
The rescue aid facility thus had the function of keeping the company afloat until a new business model had begun to apply.
Tako je bila vloga sredstev za pomoč za reševanje ta, da podpirajo družbo, dokler se ne začne izvajati nov poslovni model.
Against this background, the Commission does not find that the compensatory measure commitment can come to an end with the end of the aid or the date of this Decision.
Na podlagi tega Komisija meni, da se zaveza glede izravnalnega ukrepa ne more odpraviti z zaključkom pomoči ali datumom tega sklepa.
The Commission considers it feasible, however, that the obligation not to launch new channels may end at an earlier date than the end of the period of the restructuring plan (31 December 2012), namely when the end-user charges have been introduced (via the change in the licence) and TV2 will be able to levy them.
Vendar Komisija meni, da je izvedljivo, da se prepoved uvajanja novih programov ukine pred zaključkom obdobja načrta prestrukturiranja (31. december 2012), in sicer ko bodo uvedena nadomestila za končne uporabnike (prek spremembe licence) in jih bo TV2 lahko zaračunavala.
According to point 43 of the Guidelines, the amount and intensity of the aid must be limited to the strict minimum of the restructuring costs necessary to enable restructuring to be undertaken.
V skladu s točko 43 Smernic mora biti pomoč omejena na najnižjo vsoto stroškov prestrukturiranja, potrebnih za izvedbo prestrukturiranja.
The idea behind this provision is that the company, at the end of restructuring, is not equipped with surplus liquidity that it could use for aggressive market behaviour.
Zamisel, ki se skriva za to določbo, je, da podjetje po končanem prestrukturiranju ne razpolaga s presežno likvidnostjo, ki bi jo lahko uporabilo za agresivno tržno obnašanje.
Beneficiaries are expected to make a significant contribution to the restructuring plan from their own resources, including the sale of assets that are not essential to the firm’s survival.
Od upravičencev se pričakuje, da bodo z lastnimi sredstvi bistveno prispevali k načrtu prestrukturiranja, vključno s prodajo premoženja, ki ni ključnega pomena za preživetje podjetja.
Such a contribution must be real, and may not include expected future profits such as cash flow.
Tak prispevek mora biti realen in ne sme vključevati nobenih pričakovanih prihodnjih dobičkov, kot je denarni tok.
It must be as high as possible, at least 50 % for large firms.
Prispevek mora biti čim višji, v velikih podjetjih vsaj 50-odstoten.
The Commission considers TV2 to be a large firm in the meaning of the Guidelines.
Komisija obravnava družbo TV2 v smislu Smernic kot veliko podjetje.
The Commission does not share the view of the Danish Government that any costs at all, in particular cost-saving measures, automatically qualify as restructuring measures.
Komisija ni istega mnenja kot danska vlada, da se kakršni koli stroški, zlasti varčevalni ukrepi, samodejno obravnavajo kot ukrepi za prestrukturiranje.
A company might incur expenditure in pursuing cost savings.
Podjetje lahko z izvajanjem varčevanja povzroči izdatke.
Cost savings as described by Denmark in the present case do not, in themselves, represent a restructuring cost.
Varčevanje, kot ga opisuje Danska v tem primeru, samo po sebi ne predstavlja stroškov prestrukturiranja.
Denmark provided a list of ‘classical’ restructuring costs, which consist of DKK […] million and which cover transaction costs related to the sale of the transmission network (DKK […] million), costs associated with the transfer to the new business model (DKK […]-[…] million) and staff costs for termination of contracts, legal and consultancy fees (DKK […] million).
Danska je predložila seznam „klasičnih“ stroškov prestrukturiranja, ki so sestavljeni iz […] milijonov DKK in ki obsegajo stroške transakcije v zvezi s prodajo prenosnega omrežja ([…] milijonov DKK), stroške, povezane s prehodom na novi poslovni model ([…]–[…] milijonov DKK), in stroške za razveljavitev pogodb uslužbencev, pravne stroške in stroške svetovanja ([…] milijonov DKK).
The Commission accepts these costs as restructuring costs.
Komisija te stroške sprejema kot stroške prestrukturiranja.
According to the Commission’s case practice, restructuring costs include all extraordinary costs incurred in order for the firm to return to viability, but not regular operating costs incurred in the restructuring period.
Stroški prestrukturiranja glede na prakso Komisije v sodnih zadevah vključujejo vse izredne stroške, ki so nastali zato, da se obnovi sposobnost preživetja podjetja, ne pa operativnih stroškov, ki so nastali v obdobju prestrukturiranja.
However, the present case concerns a company’s need of liquidity to bridge a transitional period until a new sustainable business model is in place.
Vendar se obravnavani primer nanaša na potrebo družbe po likvidnosti, da se premosti prehodno obdobje do uvedbe novega trajnostnega poslovnega modela.
As outlined above, TV2 had a genuine financing need, since it did not have access to external financing.
Kot je opisano zgoraj, je bila potreba TV2 po financiranju pristna, saj TV2 ni imela dostopa do zunanjega financiranja.
In this special case involving purely financial restructuring until the company changes to a more stable business plan, the Commission can also accept this need of financing as constituting a restructuring cost.
Komisija lahko v tem posebnem primeru, ki vključuje izključno finančno prestrukturiranje, dokler družba ne dobi stabilnejšega poslovnega načrta, to potrebo po financiranju sprejme kot strošek prestrukturiranja.
It was the credit facility of the rescue aid decision (DKK 1000 million) which provided the necessary temporary buffer to cover the financial gap.
Kreditna sredstva iz sklepa o pomoči za reševanje (1000 milijonov DKK) so zagotovila potrebno začasno ublažitev za zapolnitev finančne vrzeli.
However, this facility was only transitional and could only be accessed when TV2 could demonstrate a financing need as certified by an external auditor.
Vendar so bila ta sredstva zgolj prehodna in so bila dostopna samo v primeru, če je zunanji revizor lahko dokazal upravičenost finančne potrebe TV2.
In the end, TV2 did not draw much from the credit facility (only […] % of it).
iz kreditnih sredstev ni črpala veliko (samo […] %).
In addition, most of the credit drawn (DKK […] million) was drawn during the period covered by the Commission’s rescue aid decision, i.e. within the six-month rescue period before the restructuring plan was submitted.
Poleg tega se je večina izčrpanega kredita ([…] milijonov DKK) črpala v obdobju iz sklepa Komisije o pomoči za reševanje, tj. v šestmesečnem obdobju reševanja pred predložitvijo načrta prestrukturiranja.
has contributed towards the above restructuring costs through the sale of assets, with the sale of the broadcasting network for the amount of DKK 640 million, and through external financing by mortgaging its premises in Odense at DKK 80 million.
je prispevala k zgoraj navedenim stroškom prestrukturiranja s prodajo premoženja, prodajo oddajnega omrežja v vrednosti 640 milijonov DKK in z zunanjim financiranjem s pridobitvijo hipoteke na svoje prostore v Odenseju v višini 80 milijonov DKK.
The contribution of DKK 720 million is well beyond the 50 % threshold for large firms.
Prispevek v višini 720 milijonov DKK bistveno presega 50-odstotni prag za velika podjetja.
As stated above, TV2 used the proceeds from the sale of the network to reduce its debt.
Kot je navedeno zgoraj, je TV2 porabila iztržek iz prodaje omrežja za zmanjšanje svojega dolga.
The money thus spent cannot be used for other purposes.
Tako porabljen denar se ne more porabiti za druge namene.
In addition, as is clear from the above, all aid measures will end as of the date of this Decision and no new aid measures as notified under the restructuring plan will be introduced (see recital 150 of this Decision).
Poleg tega bodo vsi ukrepi pomoči, kot je pojasnjeno zgoraj, odpravljeni z datumom tega sklepa, uvedeni pa ne bodo nobeni novi ukrepi pomoči, kot so priglašeni v načrtu prestrukturiranja (glej uvodno izjavo 150 tega sklepa).
There is therefore no danger, in terms of point 45 of the Guidelines, of any aid in excess of what was needed staying in the company.
Zato v smislu člena 45 Smernic ni nevarnosti, da bi kakršna koli pomoč, višja od tistega, kar je bilo potrebno, ostala v družbi.
According to point 46 of the Guidelines, the Commission may require additional measures from the Member State in order to ensure that the aid does not distort competition contrary to the common interest.
Komisija lahko v skladu s točko 46 Smernic od države članice zahteva dodatne ukrepe, da se zagotovi, da pomoč ne izkrivlja konkurence v obsegu, ki bi bil v nasprotju s skupnim interesom.
The Commission takes note of the arguments put forward by Denmark throughout the formal investigation, and the intention expressed by the aid beneficiary in supporting documents that the restructuring plan should enable TV2 to use business opportunities in line with its peers and to charge subscription charges.
Komisija upošteva argumente, ki jih je Danska predložila med izvajanjem uradne preiskave, in namen, ki ga je upravičenka do pomoči izrazila v dokazilih, in sicer, da bi moral načrt prestrukturiranja družbi TV2 omogočiti, da poslovne priložnosti izkoristi v skladu s svojimi konkurenti in da zaračunava uporabniška nadomestila.
Denmark and TV2 further point out that the currently high equity buffer of TV2 with solvency (and net interest-bearing debt) ratios which are significantly higher (lower) than those of competitors, is only necessary because of the uncertainties of the pending State aid cases and the business model.
Danska in TV2 nadalje poudarjata, da je trenutno visoka blažitev kapitala TV2 s stopnjami solventnosti (neto dolg z obrestmi), ki so bistveno višje (nižje) od stopenj konkurentov, potrebna samo zaradi negotovosti nerešenih zadev o državni pomoči in poslovnega modela.
Both TV2 and Denmark express a general willingness to bring the capital structure back in line with TV2’s peers once the State aid investigations are closed.
Tako TV2 kot Danska sta izrazili splošno pripravljenost, da kapitalsko strukturo ponovno prilagodita kapitalski strukturi konkurentov TV2, ko bodo preiskave v zvezi z državno pomočjo zaključene.
The Commission does not, on its part, see any need for TV2 to have a capital structure that is different from that of its peers once the business model and the pending legal cases have been resolved.
Komisija ne vidi nobene potrebe, da bi morala imeti TV2 kapitalsko strukturo, ki bi bila drugačna od struktur njenih konkurentov, ko se bodo razrešile negotovosti glede poslovnega modela in nerešenih pravnih zadev.
Capital structures based on (artificially) high equity are advantageous for the company, because it will be able to attract funding at relatively low rates.
Kapitalske strukture, ki (umetno) temeljijo na velikem kapitalu, podjetju dajejo prednost, ker bo lahko pridobilo financiranje po razmeroma nizkih stopnjah.
Equally important, TV2 should bring its capital structure back to a level that ensures that competition is not distorted.
Enako pomembno je tudi, da TV2 svojo kapitalsko strukturo ponovno vzpostavi na ravni, ki zagotavlja, da konkurenca ni izkrivljena.
The Commission would like TV2 to revert back to a normal capital structure by making dividend payments to the State, rather than by aggressively expanding its balance sheet by debt financing.
Komisija želi, da se TV2 vrne na običajno kapitalsko strukturo, tako da državi plača obresti, in ne tako, da s financiranjem dolga agresivno širi svojo bilanco stanja.
In line with points 49 and 50 of the Guidelines, Denmark has committed to submitting reports to the Commission no later than 6 months after the approval of the aid.
Danska se je v skladu s točkama 49 in 50 Smernic zavezala k predložitvi poročil Komisiji najkasneje šest mesecev po odobritvi pomoči.
Antitrust issues
Vprašanja o varstvu konkurence
The Commission notes that one of TV2’s competitors has filed an anti-trust complaint regarding the planned introduction of the end-user charges.
Komisija upošteva, da je eden od konkurentov TV2 vložil pritožbo glede varstva konkurence v zvezi z načrtovano uvedbo nadomestil za končne uporabnike.
The Commission is aware that aspects of an aid which contravene specific provisions of the Treaty other than the State aid provisions may be so indissolubly linked to the object of the aid that it is impossible to evaluate them separately [101].
Komisija se zaveda, da so lahko vidiki pomoči, ki so v nasprotju s posebnimi določbami Pogodbe, ki niso določbe državne pomoči, tako neločljivo povezani s predmetom pomoči, da jih ni mogoče ocenjevati ločeno [101].
The Court has stressed that the obligation to ensure that the State aid rules are applied consistently with other provisions of the Treaty is all the more necessary where those provisions also pursue the objective of undistorted competition.
Sodišče je poudarilo, da je obveznost zagotavljanja, da se pravila o državni pomoči uporabljajo dosledno z drugimi določbami Pogodbe, toliko bolj potrebna tam, kjer je cilj teh določb neizkrivljanje konkurence.