natgillin/translations-raw huggingface dataset:
The development of trade is not affected to an extent contrary to the common interest
Z notranjo stopnjo donosa se meri donos/dobiček, ki ga vlagatelj pridobi iz vloženega kapitala.
The Commission notes that Poland did not provided any proofs that Gdynia and Gdansk airport would form a collaborative aviation hub.
Pravila, ki so se uporabljala v tistem obdobju, so bila določena v Uredbi Komisije (ES) št. 1998/2006 z dne 15. decembra 2006 o uporabi členov 87 in 88 Pogodbe pri pomoči de minimis (UL L 379, 28.12.2006, str.
Rather, it would seem logical that the two airports would have to compete for essentially attracting the same passengers.
5).
The Commission further notes that the business plan of Gdynia airport (around [80 - 90] % of revenue generated by low-cost and charter flights) and the scale of investments (e.g. a terminal with the capacity of 0,5 million passengers per annum that is to be expanded in the future) do not confirm the view that Gdynia airport would focus on general aviation traffic and would provide only or mainly services to the general aviation sector.
V glavnem načrtu naložbenega projekta so bili opredeljeni različni ukrepi, potrebni za preureditev letališča.
Taking into account the above and the fact that both airports would focus first on LCC and charters, the Commission considers that the aid is directed to an airport, which would be in direct competition with another airport in the same catchment area without there being a demand for airport service that could not be served by the existing airport.
Prosti denarni tok podjetja se uporablja za izračun vsakoletnega zaslužka podjetja pred obrestmi in davki s prišteto amortizacijo (ker gre za nedenarne stroške) ter odštetimi naložbenimi potrebami, spremembami obratnih sredstev in davki (glej preglednico 5 študije načela VPTP iz leta 2010).
Therefore, the Commission considers that the aid in question would affect trade to an extent contrary to the common interest.
V izračunih prostega denarnega toka podjetja je tako upoštevana vsa kapitalska poraba, predvidena za preureditev letališča.
The absence of a common interest objective that the aid is intended to achieve, strengthen that conclusion.
Povprečni tehtani stroški kapitala so stopnja, ki naj bi jo družba predvidoma plačala vsem imetnikom njenih vrednostnih papirjev za financiranje njenih sredstev.
Based on the data provided by Poland the Commission considers that the investment costs can be lower than for the construction of other comparable regional airports in Poland.
Temeljijo na netvegani stopnji v višini […] %, premiji kreditnega tveganja v višini […] %, stopnji davka od dohodkov pravnih oseb v višini 19 %, faktorju beta […], stopnjo tržne premije v višini […] % in kapitalsko sestavo […] % dolga in […] % lastniškega kapitala (glej razdelek 4.4 na strani 21 študije načela VPTP iz leta 2010).
This is mainly due to usage of existing infrastructure of the military airport.
Komisija ugotavlja, da se zdi, da izračuni, ki jih je predložila Poljska, kažejo, da so bili za študijo načela VPTP uporabljeni povprečni tehtani stroški kapitala z navzdol usmerjeno časovno strukturo stopnje.
Moreover, Poland argues that without the aid the investment would not be undertaken by the airport manager.
Končna vrednost je temeljila na predvideni stabilni rasti, ki je bila […] %.
The Commission further observes that due to long period necessary to reach the break-even point for such type of investment the public financing could be necessary to change the behaviour of the beneficiary in such a way that it entered the investment.
Netvegana stopnja se je povišala na […] %, faktor beta pa na […].
Moreover, since the expected profitability of the investment project cannot be established (see recital 177) and a market economy investor would not pursue such project, it is indeed likely that the aid changes the behaviour of the airport manager.
Kapitalska sestava se je spremenila s povečanjem deleža dolga ([…] %) in zmanjšanjem deleža lastniškega kapitala ([…] %).
However, in absence of a clearly defined objective of common interest, the Commission concludes that the aid cannot be considered to be necessary and proportional to that objective.
Prosti denarni tok lastniškega kapitala = prosti denarni tok podjetja + najeti krediti in posojila – odplačani krediti in posojila – obresti na kredite in posojila.
Consequently, the Commission considers that the investment aid of Gdynia and Kosakowo in favour of Gdynia-Kosakowo Airport Ltd does not comply with the requirements of the 2005 Aviation Guidelines and cannot be found compatible with the internal market.
V primerjavi s prostim denarnim tokom podjetja je prosti denarni tok lastniškega kapitala diskontiran po stopnji donosa na lastniški kapital, ki ji vedno višja od povprečnih tehtanih stroškov kapitala.
The Commission is of the view that the financing of operating losses of Gdynia-Kosakowo Airport Ltd constitutes operating aid, reducing the airport operator’s current expenditure.
Neto sedanja vrednost posledično kaže, kolikšen del donosa naložbe je na voljo delničarjem (vlagateljem v lastniški kapital).
According to the case law of the Court, such operating aid is in principle incompatible with the internal market.
Neto sedanja vrednost, izračunana na podlagi prostega denarnega toka lastniškega kapitala, zato ne izraža celotnega donosa naložbe, tj. donosa za delničarje in donosa za upnike.
According to the 2005 Aviation Guidelines, operating aid granted to airports can only be declared compatible under exceptional circumstances and strict conditions in underprivileged regions.
Za prikaz razlik v značilni sestavi financiranja letaliških družb in družb, ki zagotavljajo letališke storitve, se je donos lastniškega kapitala odštel pred izračunom povprečij.
The Commission notes that Gdynia airport is located in an underprivileged region covered by the derogation set out in Article 107(3)(a) of the TFEU, and thus, the Commission has to assess whether the operating aid at stake can be considered compatible under the RAG.
Netvegana stopnja se je znižala na […] %, faktor beta pa na […].
According to paragraph 76 of the RAG, the operating aid in regions eligible under the derogation in Article 107(3)(a) of the TFEU may be granted provided that following cumulative criteria are met:
Tromestje je urbano območje, ki ga sestavljajo tri večja mesta v Pomorjanski (Gdansk, Gdynia in Sopot).
it is justified in terms of its contribution to regional development and its nature and (ii) its level is proportional to the handicaps it seeks to alleviate.
Na območju tromestja trenutno delujejo tri letališča:
Poland is of the opinion that the operating aid is compatible with the paragraph 76 of the RAG (see recitals 77–79).
letališče Lecha Wałęse v Gdansku, vojaško letališče v mestu Pruszcz Gdanski in vojaško letališče na meji med Gdynio in Kosakowim (Gdynia-Oksywie).
Since the Pomeranian Region is already served by Gdansk airport and the new airport will not increase the connectivity of this region, the Commission cannot conclude that the aid would contribute to regional development.
Zadeva C-35/96, Komisija proti Italiji, Recueil 1998, str.
The Commission considers that in absence of that, it cannot be concluded that the operating aid is proportional to the handicaps it seeks to alleviate, as the Pomeranian Region does not appear to suffer from any connectivity handicap.
I-3851;
Moreover, the Commission considers the assessed operating aid is allocated to a part of predetermined expenditure.
Sodba v združenih zadevah T-455/08, Flughafen Leipzig-Halle GmbH in Mitteldeutsche Flughafen AG proti Komisiji, in T-443/08, Freistaat Sachsen in Land Sachsen-Anhalt proti Komisiji, ZOdl.
However in the view of the Commission’s assessment of the business plan for Gdynia airport and it’s assessment of the level of foreseen revenues and costs, presented in section 5.1.3, it cannot be concluded that the aid would be limited to a necessary minimum, granted on a transitional basis and be degressive.
2011, str.
In particular, with regard to the uncertainties regarding the expected profitability of the airport operator (see section on the existence of aid) the transitional nature and degressivity of the aid cannot be ensured.
II-01311, ki jo je Sodišče potrdilo s sodbo v zadevi C-288/11P, Mitteldeutsche Flughafen in Flughafen Leipzig-Halle proti Komisiji, [2012], še ne objavljeni v Zodl.;
In any case, the Commission considers that granting operating aid in order to ensure the operation of an investment project that benefits of incompatible investment aid is inherently incompatible with the internal market.
glej tudi sodbo v zadevi T-128/89, Aéroports de Paris proti Komisiji, Recueil 2000, str.
Therefore, the Commission considers that the operating aid in favour of Gdynia-Kosakowo airport Ltd granted by Gdynia and Kosakowo does not comply with the criteria set out in the RAG.
II-3929, ki jo je Sodišče potrdilo s sodbo v zadevi C-82/01P, Recueil 2002, str.
Conclusion on comptibility
I-9297, in zadevi T-196/04, Ryanair proti Komisiji, ZOdl.
Consequently, the Commission concludes that the State aid granted to Gdynia-Kosakowo Airport Ltd is incompatible with the internal market.
2008, str.
The Commission has not identified any other compatibility clause that could potentially be relevant for declaring the present aid compatible with the Treaty.
II-3643.
Likewise Poland has invoked neither any compatibility clause nor provided any substantial arguments that would allow the Commission to declare the present aid compatible.
Zadevi C-159/91 in C-160/91, Poucet proti AGV in Pistre proti Cancave, Recueil 1993, str.
The investment and operating aid which Poland has granted or intends to grant in favour of Gdynia-Kosakowo Airport Ltd are incompatible with the internal market.
I-637.
Poland has unlawfully implemented the aid in breach of Article 108(3) of the Treaty on the Functioning of the European Union.
Zadeva C-364/92, SAT Fluggesellschaft proti Eurocontrol, Recueil 1994, str.
RECOVERY
I-43.
In this context, the Court has stated that that objective is attained once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to the payment of the aid is restored [63].
I-1547;
Following that case-law, Article 14 of Council Regulation (EC) No 659/1999 [64] laid down that ‘where negative decisions are taken in respect of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary.’
Odločba Komisije z dne 19. marca 2003 N 309/02;
Therefore, the State aid mentioned above must be reimbursed to the Polish authorities, insofar as it has been paid out,
Odločba Komisije N 438/02 z dne 16. oktobra 2002, Subvencije belgijskim pristaniškim upravam za izvrševanje nalog javne oblasti.
HAS ADOPTED THIS DECISION:
Glej opombo 32.
Article 1
Glej zlasti zadevo C-364/92 SAT/Eurocontrol, Recueil 1994, str.
The State aid, unlawfully put into effect by Poland between 28 August 2007 and 17 June 2013 in breach of Article 108(3) of the Treaty on the Functioning of the European Union in favour of Port Lotniczy Gdynia-Kosakowo sp. z o.o. by means of capital injections amounting to PLN 91714000 PLN is incompatible with the internal market.
I-43, točka 30, in zadevo C-113/07, P Selex Sistemi Integrati proti Komisiji, ZOdl.
The State aid which Poland is planning to implement for Port Lotniczy Gdynia-Kosakowo sp. z o.o. after 17 June 2013 for the conversion of the military airport of Gdynia-Kosakowo into a civil aviation airport is incompatible with the internal market.
2009, str.
The State aid may accordingly not be implemented.
I-2207, točka 71.
Article 2
Glej med drugim zadevo C-172/03, Wolfgang Heiser proti Finanzamt Innsbruck, ZOdl.
The dates on which the sums to be recovered were put at the disposal of the beneficiary are the following:
Zakon o letalstvu (Ustawa z dnia 3 lipca 2002 r. – Prawo lotnicze (JoL 2002, št. 130, točka 1112, kot je bila spremenjena)), glej med drugim člena 74 in 84.
28 August 2007 for the amount of 50000 PLN;
Zadeva C-482/99, Francija proti Komisiji, Recueil 2002, str.
4 March 2008 for the amount of 200000 PLN;
I-4397.
11 September 2008 for the amount of 500000 PLN;
Sodba z dne 12. maja 2001 v združenih zadevah T-267/08 in T-279/08, Nord-Pas-de-Calais, ZOdl.
28 July 2009 for the amount of 1345000 PLN;
2011, str.
8 December 2010 for the amount of 4361000 PLN;
II-01999, točka 108.
8 July 2011 for the amount of 25970000 PLN;
Zadeva 40/85 Belgija proti Komisiji, Recueil 1986, str.
1 September 2011 for the amount of 1779000 PLN;
I-2321.
25 April 2012 for the amount of 31009000 PLN;
Čeprav je Komisija zaprosila poljske organe, naj predložijo temeljne preglednice v excelu, uporabljene za izračune, s formulami, so poljski organi predložili preglednice v excelu brez formul.
27 May 2013 for the amount of 6469000 PLN;
Glej opombo 38.
17 June 2013 for the amount of 20031000 PLN.
Zadeva C-124/10P, Evropska komisija proti Électricité de France (EDF), 2012, še neobjavljena v ZOdl., točka 85.
The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 [65].
Samo […] milijonov PLN (približno […] EUR) je bilo uporabljenih za financiranje raznih študij, opravljenih za pripravo projekta.
Poland shall cancel all outstanding payments of the aid referred to in Article 1(2) with effect from the date of notification of this Decision.
V sporazumu z dne 11. marca 2001 je določeno, da bo Gdynia v obdobju 2011–2013 zagotovila denarna sredstva v skupnem znesku 59,048 milijona PLN (14,8 milijona EUR), Kosakowo pa bo v obdobju 2011–2040 zagotovilo stvarni vložek (zamenjava letne najemnine za delnice).
Recovery of the aid referred to in Article 1(1) shall be immediate and effective.
Glej na primer Odločbo Komisije št.
Poland shall ensure that this Decision is implemented within four months following the date of notification of this Decision.
C(2009) 4445 z dne 3. junija 2009 o dodelitvi finančne pomoči Skupnosti na področju vseevropskih prometnih omrežij.
Article 4
Glej opombo 4.
Within two months following notification of this Decision, Poland shall submit the following information to the Commission:
Glavni načrt je bil naročen februarja 2010 in predložen novembra 2010.
the total amount (principal and recovery interests) to be recovered from the beneficiary;
Potniški promet (v tisočih potnikov na leto) na letališču Gdansk.Dejansko stevilo potnikov:Leto200420052006200720082009201020112012Stevilo potnikov4666721256171519541911223224632906Predvideni razvoj potniskega prometaLeto20132014201520162017201820192020Stevilo potnikov31533311347736163760391140674230
a detailed description of the measures already taken and planned to comply with this Decision;
Nizkocenovni prevozniki: 64,5 %, čarterski prevozniki: 7,5 %.
documents demonstrating that the beneficiary has been ordered to repay the aid.
V letih 2009 in 2011 je bila ta številka 70 %.
Poland shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1(1) has been completed.
standardna parkirnina znaša 8 PLN/tono za 24 ur (2 EUR; za prve štiri ure se pristojbina ne zaračuna).
It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision.
Popusti:
It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.
potniške pristojbine se lahko znižajo od 5 % (če ima letalski prevoznik 100–300 odhajajočih potnikov z letališča Bydgoszcz na mesec) do 50 % (če ima letalski prevoznik več kot 8000 odhajajočih potnikov z letališča Bydgoszcz na mesec);
Article 5
pristajalna pristojbina – 50-odstotni popust v 12 mesecih povezave, 50 % za pristajanje med 14.00 in 20.00;
This Decision is addressed to the Republic of Poland.
pristajalne pristojbine in parkirnina:
Done at Brussels, 11 February 2014.
10 % za prevoznika s 4–10 leti na mesec, 15 % za 11–30 letov na mesec, 20 % za več kot 31 letov na mesec.
For the Commission
Letališče Szczecin:
Vice-President
standardna pristojbina na odhajajočega potnika znaša 35 PLN (8,75 EUR);
OJ C 243, 23.8.2013, p.
standardna pristajalna pristojbina znaša 70 PLN/tono (17,5 EUR);
25.
standardna parkirnina znaša 8 PLN/tono za 24 ur (za prvi dve uri se pristojbina ne zaračuna).
The terminology of the TFEU will be used throughout this Decision.
Splošno uporabljena metoda za preučitev odločitev o kapitalskih naložbah je presoja vrednosti lastniškega kapitala družbe.
See footnote 1.
Vrednost lastniškega kapitala je vrednost družbe, ki je na voljo njenim lastnikom ali delničarjem.
The distance by car between Gdynia and Gdansk airport is between 26-29 kilometres depending on the chosen route, source:
Izračuna se tako, da se seštejejo vsi prihodnji denarni tokovi, ki jih bodo imeli na voljo vlagatelji kapitala, z ustrezno diskontno stopnjo donosa.
The Gdansk airport is owned and operated by the Gdansk Lech Walesa Airport Ltd, a company set up by public entities.
Navadno se uporablja diskontna stopnja, ki je enaka stroškom lastniškega kapitala, ki izražajo tveganje denarnih tokov.
The funding capital of the company is broken down as follows:
standardna pristajalna pristojbina je 36 PLN/tono;
city of Gdansk (32 %), Pomeranian Region (32 %), ‘Polish airports’ State Enterprise (31 %), city of Sopot (3 %), and city of Gdynia (2 %).
standardna parkirnina je 15 PLN/tono za 24 ur (za prve štiri ure se pristojbina ne zaračuna).
Gdansk Lech Walesa airport (hereinafter: ‘Gdansk airport’) is the third largest airport in Poland.
Če letalski prevoznik odpre obratovalno bazo na letališču Lublin, je pristojbina na odhajajočega potnika 4,21 PLN (1,05 EUR) in 5,76 PLN (1,44 EUR) za prvih pet sezon (2,5 leta);
In 2012, it served 2,9 million passengers (2,7 million in regular traffic and 0,2 million in charters), The following eight airlines operate regular routes from Gdansk airport (January 2014):
za parkirnine in pristajalne pristojbine se uporablja 99-odstotni popust.
Wizzair (22 destinations), Ryanair (7 destinations), Eurolot (4 destinations), Lot (2 destinations), Lufthansa (2 destinations), SAS (2 destinations), Air Berlin (1 destination), Norvegian (1 destination).
Po petih sezonah se popusti uporabljajo za vse nove povezave.
After the opening of a new terminal in May 2012 Gdansk airport has an annual capacity of 5 million passengers.
Popusti na potniške in pristajalne pristojbine ter parkirnino se gibljejo od 95 % v prvem letu povezave do 25–65 % v petem letu (odvisno od števila potnikov).
According to the information provided by Poland, the enlargement of the terminal (scheduled in 2013-2015) will result in an increase of the capacity to 7 million passengers.
Po petem letu se uporablja 60-odstotni popust, če letalski prevoznik prepelje več kot 250000 odhajajočih potnikov z letališča Lublin.
The investments at Gdansk airport were also financed though State aid (see the 2008 Commission decision in State aid case N 153/08; EUR 1,7 million; OJ C 46, 25.2.2009, p.
Zadeva T-214/95, Het Vlaamse Gewest proti Komisiji, Recueil 1998, str.
7 and the 2009 Commission decision in State aid case N 472/08, as the result around EUR 33 million granted to Gdansk Airport by the Polish authorities; OJ C 79, 2.4.2009, p.
II-717.
2).
Zadeva T 109/01, Fleuren Compost proti Komisiji, Recueil 2004, str.
The existing military airport is located on the border of the city of Gdynia and the municipality (gmina) of Kosakowo and is called the ‘Gdynia-Oksywie’ airfield.
II-127.
Source:
Zadeva C-75/97, Belgija proti Komisiji, točki 64 in 65.
Eurostat.
Uredba Sveta (ES) 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 108 Pogodbe o delovanju Evropske unije (UL L 83, 27.3.1999, str.
According to Poland the investments falling within public policy remit include: building and equipment for fire brigade, customs, airport security guards, police and border guards, airport fence with video surveillance etc.
1).
In nominal terms.
Uredba Komisije (ES) št. 794/2004 z dne 21. aprila 2004 o izvajanju Uredbe Sveta (ES) št. 659/1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES (UL L 140, 30.4.2004, str.
The project is considered as an economically profitable investment when it generates a positive NPV.
PRILOGA
Investments producing lower income as the (opportunity) costs of capital are not economically profitable.
Informacije o prejetih zneskih pomoči, ki jih je še treba povrniti oziroma so že bili povrnjeni
The (opportunity) costs of capital are reflected in the discount rate.
Identiteta upravičenca
The terminal value is the present value of all subsequent cash flows generated under the stable growth rate forever (i. e. the equity value of the airport operator in the last year of the submitted business plan).
Celotni znesek prejete pomoči [1]
Communication from the Commission — Community guidelines on financing of airports and start-up aid to airlines departing from regional airports (OJ C 312, 9.12.2005, p.
Celotni znesek pomoči, ki ga je treba povrniti [1](glavnica)
1).
Celotni znesek, ki je že bil povrnjen [1]
Guidelines on national regional aid for 2007-2013 (OJ C 54, 4.3.2006, p.
Glavnica
13).
Obresti
IRR measures the return/profit that the investor achieves on its invested capital.
V milijonih nacionalne valute.
The Master plan of the investment project has identified the different measures, which were necessary for the conversion of the airport.
Ob priglasitvi je bilo predvideno, da bo letališče začelo delovati na začetku leta 2014.
The FCFF evaluates in each year the EBIT of the firm to which depreciation and amortization are added (as these are non-cash expenses), less investment needs, changes in working capital and taxes (See Table 5 of the 2010 MEIP Study).
V poročilu družbe PricewaterhouseCoopers (v nadaljnjem besedilu: PWC) iz leta 2012 je bila naslednja napoved potniškega prometa v prvih letih delovanja:
The FCFF calculations are based on the expected cash flows (in and out of the company) for the projection period of 2010-2040.
Gdynia naj bi v letih 2007–2019 prispevala 142,48 milijona PLN (približno 35,62 milijona EUR) denarnih sredstev.
These cash flows are based on a business plan and its underlying assumptions about traffic, charges, operating costs and capital expenditures.
Kosakowo je ob ustanovitvi družbe prispevalo denarna sredstva v višini 0,1 milijona PLN (25000 EUR).
Hence, in the FCFF calculation, all the capital expenditures foreseen to convert the airport are taken into account.
V zvezi s tem se sklicuje na študije načela VPTP, opravljene glede naložbe v letih 2010–2012.
The weighted average cost of capital is the rate that a company is expected to pay on average to all its security holders to finance its assets.
Poljska navaja, da so vse študije načela VPTP pokazale pozitivno neto sedanjo vrednost in višjo notranjo stopnjo donosa [14] od stroškov kapitala.
This is based on a risk-free rate of […] %, a credit risk premium of […] %, a corporate tax rate of 19 %, a beta of […], a market rate premium of […] % and a capital structure of […] % debt and […] % equity (See Section 4.4 at page 21 of the 2010 MEIP Study).
Poljska pojasnjuje tudi, da je bila maja 2011 opravljena nova študija načela VPTP.
The Commission notes that the calculations submitted by Poland seem to indicate that a WACC with a downward term structure was used for the MEIP analysis.
Navaja, da je ta študija načela VPTP dopolnila študijo načela VPTP iz leta 2010, ki je bila opravljena zaradi napredovanja priprav in razpoložljivosti natančnejših podatkov o naložbenem načrtu, njegovem časovnem okviru in financiranju.
The terminal value was based on a stable growth assumption of […] %.
V tem sporazumu se je Gdynia zavezala, da bo v obdobju 2011–2013 vložila skupaj 59 milijonov PLN.
The risk-free rate was increased to […] % and the beta was increased to […].
Kosakowo pa se je zavezalo, da bo v obdobju 2011–2040 zagotovilo stvarni vložek v obliki zamenjave dolga za lastniški kapital (kot je opisano v preglednici 2),