natgillin/translations-raw huggingface dataset:
The assets representing the investments in subsidiary companies whose capital had been deducted from that of the parent would not be included in total assets for the purposes of computing the ratio.’
Da se prednost obravnava kot državna pomoč, zadošča, da izpolnjuje druge pogoje iz člena 107(1) PDEU.
Article 57 provides that unconsolidated own funds of a credit institution exclude ‘(1) holdings in other credit and financial institutions amounting to more than 10 % of their capital’.
Sklep v zvezi z družbo Umicore (sklep Komisije z dne 26. maja 2010 o državni pomoči, odobreni družbi Umicore S.A., C 76/2003 (ex NN 69/2003)), ki ga navaja družba FFT, v obravnavani zadevi ni ustrezen, saj Komisije njena praksa odločanja ne zavezuje (glej uvodno izjavo 202).
The reason for this being the high level of integration of the group businesses and because of Fiat SpA's historical support for its subsidiaries.
Vsekakor zaradi razlike med obravnavano zadevo in zadevo Umicore vzporednice niso mogoče.
According to FFT, credit agencies employ group consolidated accounts to assess Fiat SpA's credit rating.
Zadeva Umicore se je nanašala na to, kako je družba Umicore uporabila oprostitve plačila DDV pri prodajah srebra podjetjem s sedežem v drugih državah članicah.
FFT deals only with major financial institutions located in the Euro area countries, essentially where ‘Option 1’ (the option that allows reference to the rating of the Sovereign instead of the bank's own rating) has been validated by national supervisors.
Belgijski posebni davčni inšpektorat (Inspection spéciale des impôts – ISI) je decembra 2000 dosegel poravnavo s podjetjem.
Furthermore, CRD III grants a 0 % risk weighting for sovereigns that issue bonds in their own currency whatever their rating (Annex VI, part 1, 1.2, (4)).
Taka poravnava je bila upravna praksa belgijskih davčnih organov, vendar le če se je nanašala na dejstva obravnavane zadeve, ne pa na stopnjo obdavčitve: „Vendar so v skladu s členom 84 belgijskega zakonika o DDV take poravnave mogoče le, če ne vključujejo oprostitve ali znižanja davka.
Therefore, according to FFT's and [the tax advisor]'s understanding of the Basel II framework and the CRD rules, a risk weight of one notch less than the one applying to the sovereign in which the banks operate could be applied to the banks under consideration.
V skladu s tem načelom se poravnava torej ne more nanašati na znesek davka, ki izhaja iz dokazanih dejstev, ampak na dejanska vprašanja“ (točka 154).
Such an application of the Basel II framework leads to the selection of the 20 % risk weighting for FFT's exposures to banks.
Glej sodbo v zadevi Italija proti Komisiji, 173/73, ECLI:EU:C:1974:71, točka 13.
This reasoning is applied both for credit and counterparty risks for FFT's exposure towards the banks.
Glej na primer sodbo v zadevi Banco Exterior de Espana, C-387/92, ECLI:EU:C:1994:100.
Basel Committee on Banking Supervision, International regulatory framework for banks (Basel III).
Glej sodbo v združenih zadevah Belgija in Forum 187 ASBL proti Komisiji, C-182/03 in C-217/03, ECLI:EU:C:2006:416.
Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p.
Odločba Komisije 2003/757/ES z dne 17. februarja 2003 o ukrepu pomoči, ki jo je Belgija namenila centrom za usklajevanje s sedežem v Belgiji (UL L 282, 30.10.2003, str. 25).
338).
Glej sodbo v združenih zadevah Belgija in Forum 187 ASBL proti Komisiji, C-182/03 in C-217/03, ECLI:EU:C:2006:416, točki 96 in 97.
FFT supports this point by making reference to § 5.3.2 of the Commission communication on Company Taxation in the Internal Market, COM(2001) 582 final of 23 October 2011.
Glej sodbo v združenih zadevah Belgija in Forum 187 ASBL proti Komisiji, C-182/03 in C-217/03, ECLI:EU:C:2006:416, točka 81.
In this context, FFT makes reference to the Commission decision on Umicore (Commission decision of 26 May 2010 on State aid granted to Umicore SA, C 76/2003 (ex NN 68/2003)) where the Commission stated that a tax advantage must be ‘out of proportion’ in order to fall within the scope of State aid scrutiny.
Pripombe Luksemburga k sklepu o začetku postopka, točke od 38 do 40.
Notably Commission Decision of 28 October 2009 on State aid C 10/07 (ex NN 13/07) implemented by Hungary for tax deductions for intra-group interest decisions (hereinafter ‘Hungarian group interest tax regime decision’).
Glej uvodno izjavo 102.
Commission Decision 2009/809/EC of 8 July 2009 on State aid C 4/2007 (ex N 465/2006) on the Groepsrentebox scheme which the Netherlands is planning to implement (C4/07 (ex 465/06)) (OJ L 288, 4.11.2009, p. 26). (hereinafter ‘Groepsrentebox decision’).
Glej preglednico 7.
Commission Decision 2004/77/EC of 24 June 2003 on the aid scheme implemented by Belgium — Tax ruling system for United States foreign sales corporations (OJ L 23.28.1.2004, p. 14); Commission Decision 2003/755/EC of 17 February 2003 on the aid scheme implemented by Belgium for coordination centres established in Belgium (OJ L 282, 30.10.2003, p. 25); Commission Decision 2003/501/EC of 16 October 2002 on the State aid scheme C 49/2001 (ex NN 46/2000) — Coordination Centres — implemented by Luxembourg (OJ L 170, 9.7.2003, p. 20); Commission Decision 2004/76/EC of 13 May 2003 on the aid scheme implemented by France for headquarters and logistics centres (OJ L 23, 28.1.2004, p. 1); Commission Decision 2003/512/EC of 5 September 2002 on the aid scheme implemented by Germany for control and coordination centres (OJ L 177, 16.7.2003, p. 17).
Glej uvodno izjavo 64.
See Case C-399/08 P Commission v Deutsche Post ECLI:EU:C:2010:481, paragraph 38 and the case-law cited therein.
Glej uvodno izjavo 70.
See Case C-399/08 P Commission v Deutsche Post ECLI:EU:C:2010:481, paragraph 39 and the case-law cited therein.
Za opis metode MTMN glej uvodno izjavo 91.
See Joined Cases C-106/09 P and C-107/09 P Commission v. Government of Gibraltar and United Kingdom ECLI:EU:C:2011:732, paragraph 72 and the case-law cited therein.
Komisija ne sprejema trditve družbe FFT, opisane v uvodni izjavi 162, v skladu s katero bi moralo dejstvo, da se metoda MTMN vse pogosteje uporablja, upravičevati njeno uporabo.
See Case 730/79 Phillip Morris ECLI:EU:C:1980:209, paragraph 11 and Joined Cases T-298/97, T-312/97 etc.
Ta trditev je v nasprotju s sklicevanjem družbe FFT, kot je navedeno v uvodni izjavi 161, na odstavek 2.2 smernic OECD za določanje transfernih cen, v skladu s katerim „izbrana metoda vedno temelji na izbiri najprimernejše metode za posamezen primer“.
Alzetta ECLI:EU:T:2000:151, paragraph 80.
Ta cilj smernic OECD ni združljiv z razlago, v skladu s katero bi lahko davčni zavezanec svobodno izbiral med različnimi metodami, ne glede na dejstva in okoliščine zadevnega primera.
See C-172/03 Heiser ECLI:EU:C:2005:130, paragraph 40.
To je v nasprotju s položajem, v katerem družba, čeprav daje posojila znotraj skupine, svoje naloge omeji na vzajemne transakcije, za katere neodvisno podjetje ne bi bilo pripravljeno plačati tretji osebi, saj take transakcije brez drugih nalog in dejavnosti niso ekonomsko upravičene (vzajemne transakcije se lahko uporabljajo za pokrivanje tveganj, ki izvirajo iz druge dejavnosti).
See Joined Cases C-78/08 to C-80/08 Paint Graphos ECLI:EU:C:2011:550.
Zato takih transakcij in drugih nalog ni mogoče primerjati z glavnimi nalogami finančne institucije.
See Joined Cases C-78/08 to C-80/08 Paint Graphos ECLI:EU:C:2011:550, paragraph 65.
Njihove cene na podlagi lastnega kapitala ni mogoče pravilno določiti, ker so lahko v drugih sektorjih primernejši drugačni kazalniki, na primer donosnost celotnih sredstev ali donosnost prodaje.
See also Joined Cases C-78/08 to C-80/08 Paint Graphos ECLI:EU:C:2011:550, paragraph 50.
Glej opombo 114.
This includes income attributable to a permanent establishment located in Luxembourg, income from professional services carried on in the country, dividends, interest from profit sharing loans and interest from bonds if the paying agent is the State or a resident individual or company, capital gains from the sale of shareholdings of 10 % or more in resident companies (except venture capital funds).
Glej uvodni izjavi 58 in 59.
In 2012.
Glej tudi uvodno izjavo 68 sklepa o začetku postopka.
The solidarity surcharge was increased from 5 % to 7 % with effect from tax year 2013.
Za druge primere razlik med različnimi kazalniki dobička, ki temeljijo na lastnem kapitalu, glej zlasti McKinsey Working Papers on Risk, št. 24, „The use of economic capital in performance management for banks“, januar 2011, in zlasti graf 10, str. 13.
With the changes introduced for tax year 2013, the aggregate income tax rate increases from 28,80 % to 29,22 % for Luxembourg City.
Davčni svetovalec v poročilu o transfernih cenah izračuna plačilo za tveganje v višini 1726000 EUR, če pa bi 6,05-odstotni donos lastnega kapitala, ki ga je izračunal davčni svetovalec, uporabili za računovodski lastni kapital družbe FFT, bi plačilo za tveganje znašalo 17392000 EUR.
In addition, Luxembourg companies are subject to an annual net wealth tax, which is levied at a rate of 0,5 % on the company's worldwide net worth on 1 January of each year.
Uvodna izjava 163.
E.g. interest expenses on assets generating tax-exempt income or directors' fees, which are not for the day-to-day running of the company.
Glej odstavek 2.97 smernic OECD.
Fiscal unity applies if a number of conditions are fulfilled: the parent company has held, directly or indirectly, a participation of 95 % or more in the share capital of a subsidiary, as from the beginning of the accounting period during which the application for the consolidation regime has been made; the subsidiary is a capital company resident in Luxembourg and fully subject to corporate income tax; the consolidating parent company is a capital company resident in Luxembourg and fully subject to corporate income tax, or a branch of a non-resident company which is subject in its jurisdiction of establishment to an income tax which is comparable to Luxembourg income tax; and the consolidation is requested for at least five accounting years.
Glej odstavek 2.86 smernic OECD.
An integrated company can offset losses experienced in some of its plants against the profits realised in other plants.
V okrožnici je navedeno, da bi morali ponudniki storitev, na katere se nanaša, opravljali predvsem naloge, podobne tistim, ki jih opravljajo regulirane institucije.
Tax consolidation assimilates a group of companies to a single taxpayer.
V okrožnici so omenjeni tudi možni dodatki, ki se prištejejo k stroškom, povezanim z odobritvijo posojila, in pri katerih se upošteva obveznost spoštovanja zahtev glede solventnosti.
It is a means to eliminate the disadvantages that groups of companies experience compared to integrated companies with respect to income taxation.
Vendar pa okrožnica lastnega kapitala, ki ga je treba poplačati, ne omejuje na te zahteve glede solventnosti.
Consolidation is not an aid measure if, once consolidated, a group of companies is not treated more favourably than an integrated company.
Glej uvodno izjavo 81.
In general, all undertakings having an income are considered to be in a similar legal and factual situation from the perspective of direct company taxation.
V praksi je uporaba donosnosti regulativnega kapitala otežena, ker imajo regulirane institucije v lasti različne vrste regulativnega kapitala, kot sta temeljni in dodatni kapital, medtem ko je lastni kapital edina vrsta kapitala v lasti družbe FFT.
Observations of FFT to the Opening Decision, paragraph 2.1.
Ta zapletenost je v okviru Basel III še večja.
Observations of FFT to the Opening Decision, paragraph 2.1.3.
Regulirane finančne institucije praviloma ne sporočajo zneska svojega minimalnega regulativnega kapitala, ki pa se lahko posredno izračuna.
See footnotes 66 and 67.
Sporočajo dejansko stopnjo regulativnega kapitala, ki ga imajo, ki pa je vedno višja od zahtevane minimalne stopnje.
See C-138/09 Todaro Nunziatina & C. ECLI:EU:C:2010:291, paragraph 21.
Nazadnje, včasih regulirane institucije donos tveganju prilagojenega lastnega kapitala, ki lahko šteje za podobnega donosu regulativnega kapitala, uporabijo za določanje notranjih cen.
The scheme provided that the positive balance between interest received on group loans and interest paid in the context of intra-group financing transactions was not taxed at the standard corporate tax rate of 25,5 % at the time but taxed in a ‘group interest box’ at the rate of 5 %.
Vendar se v tem primeru raje uporablja za posamično sredstvo in ne v obliki agregata kot kazalnik dobička celotne institucije in se zato načeloma ne razkrije.
Groepsrentebox decision, recital 85.
Glej uvodno izjavo 256.
Groepsrentebox decision, recital 101.
Glej preglednico 6.
Groepsrentebox decision, recital 107.
FMI WP/12/36, How Risky Are Banks' Risk Weighted Assets?
The Circular states that ‘[A]s regards intra-group financing companies, the functions they perform when they grant loans go group entities are, in substance, comparable to the functions performed by independent financial institutions, subject to the supervision of the ‘Commission de Surveillance du Secteur Financier’ (CSSF) ’.
Sonali Das et Amadou N.R.
See Article 9 of the OECD Model Tax Convention.
Sy, 2012, str. 6.
In this case, the measure provided for the possibility to deduct from the tax base in Hungary 50 % of the amount of the net interest received from affiliated companies, which is the balance of interest received from affiliated companies less the interest paid to affiliated companies.
Uvodni izjavi 58 in 59.
Under the measure, half of the net interest received is taxed, while in the normal application of the tax system the whole amount would be taxed.
Sklep o začetku postopka, uvodna izjava 72.
On the level of the affiliated company paying the net interest, 50 % of the amount of the net interest is added to the tax base, i.e. instead of a full deduction of the net interest paid under the normal tax system, companies only deduct half of this amount from their tax base.
Uvodna izjava 167.
The scheme applied only to interest received from and paid to affiliated companies and it had as objective reducing the difference between equity and intra-group loan financing.
Glej uvodno izjavo 98.
Luxembourg's observations to the Opening Decision, paragraph 73.
Glej uvodno izjavo 58.
FFT's second set of comments, paragraphs 2.1.3 and 2.1.4.
Glej opombo 136.
FFT's first set of comments, paragraph 60.
Ker ni zadostnih podatkov za izračun pravilne ocene minimalnega regulativnega kapitala družbe FFT, bi iz sektorskega povprečja izšel minimalni regulativni kapital v znesku 427 milijonov EUR, glej uvodno izjavo 270, kar je več kot znaša skupni lastni kapital družbe FFT, ki je 287 milijonov EUR.
As noted at recital 206.
Uvodna izjava 69 in preglednica 1.
See Case C-15/14 P Commission v MOL ECLI:EU:C:2015:362, paragraph 60; see also, Case T-385/12 Orange v Commission ECLI:EU:T:2015:117.
Uvodna izjava 61.
Case C-39/94 SFEI and Others ECLI:EU:C:1996:285, paragraph 60; Case C-342/96 Spain v Commission ECLI:EU:C:1999:210, paragraph 41.
Uvodna izjava 97.
This advantage does not have to be ‘out of proportion’ as FFT argues in its observations (paragraphs 1.7.1 and 1.7.2) Any advantage is sufficient to constitute State aid, provided the other conditions of Article 107(1) of the Treaty are met.
Uvodna izjava 96.
The Umicore decision (Commission decision of 26.5.2010 on State aid granted to Umicore SA, C 76/2003 (ex NN 68/2003)) quoted by FFT is irrelevant to the present case given the fact that the Commission is not bound by its decisional practice (see recital 202).
Kot je navedel Luksemburg v uvodni izjavi 154.
In any event, the difference between the present case and the Umicore case does not allow parallels to be drawn between those two cases.
Glej uvodno izjavo 154.
The Umicore case concerned the application of VAT exemptions by Umicore in the context of certain sales of silver to undertakings established in other Member States.
Glej uvodno izjavo 95.
In December 2000, the Belgian tax authorities' Special Tax Inspectorate (Inspection Spéciale des Impôts-ISI) reached a settlement agreement with the company.
Glej uvodno izjavo 165.
This type of settlement was administrative practice by the Belgian tax authorities but only to the extent that the settlement related to the facts of the case and not to the level of taxation: ‘Néanmoins, conformément à l'article 84, CTVA, de tells transactions ne sont possibles que dans la mesure où elles n'impliquent pas exemption ou moderation d'impôt.
Vzvod je delež sredstev, financiranih z lastnim kapitalom.
En application de ce principe, une transaction ne peut donc pas porter sur le montant de la taxe résultant de faits établis, mais bien sur des questions de fait’ (paragraph 154).
Ker se preostala sredstva financirajo z dolgom, je vzvod merilo zadolženosti in, nasprotno, kapitalizacije družbe.
See Case 173/73 Italy v Commission ECLI:EU:C:1974:71, paragraph 13.
V primeru družbe FFT je ves lastni kapital temeljni kapital, ker družba FFT ne uporablja instrumentov iz drugih kategorij.
See, for instance, Case C-387/92 Banco Exterior de Espana ECLI:EU:C:1994:100.
Glej uvodno izjavo 268.
See Joined Cases C-182/03 and C-217/03 Belgium and Forum 187 v Commission ASBL ECLI:EU:C:2006:416.
Opisan v uvodnih izjavah od 121 do 126.
Commission Decision 2003/757/EC of 17 February 2003 on the aid scheme implemented by Belgium for coordination centres established in Belgium (OJ L 282, 30.10.2003, p. 25).
Na podlagi računovodskih podatkov družbe FF, predstavljenih v preglednici v uvodni izjavi 114.
See Joined Cases C-182/03 and C-217/03 Belgium and Forum 187 ASBL v Commission, ECLI:EU:C:2006:416, paragraphs 96 and 97.
Hipotetični regulativni kapital v višini 427 milijonov EUR bi bil višji tudi od 286 milijonov EUR lastnega kapitala, ki ga je družba FFT imela ob nakupu družb FFNA in FFC.
See Joined Cases C-182/03 and C-217/03 Belgium and Forum 187 v Commission ASBL ECLI:EU:C:2006:416, paragraph 81.
Poročilo o transfernih cenah je iz leta 2011.
Observations of Luxembourg to the Opening Decision, paragraphs 38 to 40.
To referenčno obdobje se torej sprejme.
See recital 102.
Za primerjavo, v obdobju od 12. maja 2012 do 12. maja 2014 je količnik beta tega indeksa znašal 1,3.
See Table 7.
Glej preglednico 6 sklepa o začetku postopka.
See recital 64.
Glej preglednico 4.
See recital 70.
Glej uvodno izjavo 114.
For a description of the TNMM, see recital 91.
Kot je navedeno v uvodni izjavi 123.
The Commission does not accept FFT's argument in recital 162 that the fact that the TNMM is relied upon with increasing frequency would justify its use.
Glej uvodno izjavo 155.
This argument is in contradiction with the reference made by FFT to paragraph 2.2 of the OECD Guidelines, as reported in recital 161, which states ‘the selection of a transfer pricing method always aims at finding the most appropriate method for a particular case.’
Glej uvodni izjavi 113 in 114.
This objective of the OECD Guidelines is not compatible with the interpretation that the taxpayer would have a free choice of methods, notwithstanding the facts and circumstances of the case.
Glej preglednico v uvodni izjavi 125.
This contrasts with the situation where, although engaging in intra-group loans, a company limits its functions to back-to-back transactions, for which a standalone company would not accept to remunerate a third party, because such transactions do not have any economic rationale in isolation of other functions and operations (i.e. back-to-back transactions can be used for hedging risks stemming from a different activity).
Banka za mednarodne poravnave, 81. letno poročilo, 1. april 2010–31. marec 2011, 26. junij 2011, str. 81.
Therefore, such transactions, as well as other functions which cannot be compared to the principal functions of a financial institution, might not be correctly priced based on capital, as in other industries different indicators, such as return on total assets or return on sales might be more appropriate.
ECB, Poročilo o finančni stabilnosti, december 2011, str. 130 (prosti prevod).
See footnote 114.
Deutsche Bank, European Banks: Running the Numbers: Spring edition, 5. april 2011 (prosti prevod).
See recital 58 and 59.
V poročilu Deutsche Bank z dne 20. marca 2015 je implicitni strošek lastnega kapitala za evropske banke ocenjen na 10 %.
See also recital 68 of the Opening Decision.
Prvi sklop pripomb družbe FFT, točka 64; drugi sklop pripomb družbe FFT, točka 1.8.1 in naslednje, točka 3.1.8.
For further illustration of differences between different profit indicators based on capital see, for example, McKinsey Working Papers on Risk, Number 24, The use of economic capital in performance management for banks, January 2011, in particular Exhibit 10 on page 13.
Predvsem odločba o davčnih olajšavah za obresti znotraj skupine na Madžarskem.
In the transfer pricing report, the tax advisor arrives at a risk remuneration of EUR 1726000, whereas applying the return on equity calculated by the tax advisor of 6,05 % to FFT's accounting equity would result in a risk remuneration of EUR 17392000.
Glej uvodno izjavo 202.
Recital 163.
Glej tudi odločbo Groepsrentebox, točke od 80 do 82; odločba o davčni olajšavi za obresti za skupine na Madžarskem, točki 131 in 132.
See paragraph 2.97 of the OECD Guidelines.
Glej sodbo v zadevi France Télécom proti Komisiji, C-81/10 P, ECLI:EU:C:2011:811, točka 43, in sodbo v zadevi Italija proti Komisiji, C-66/02, ECLI:EU:C:2005:768, točka 34; glej tudi sodbo v združenih zadevah Francija in France Télécom proti Komisiji, T-427/04 in T-17/05, ECLI:EU:T:2009:474, točki 207 in 215.
See paragraph 2.86 of the OECD Guidelines.
Pripombe Luksemburga k sklepu o začetku postopka, točka 28.
The Circular notes that service providers covered by the Circular would be in essence performing functions similar to functions performed by regulated institutions.
Glej uvodno izjavo 77.
The Circular also refers to possible add-on to costs of credit relating to the obligation to respect solvency requirements.
Prvi sklop pripomb družbe FFT, točka 60; drugi sklop pripomb družbe FFT, točka 1.4.
However the Circular does not limit capital to be remunerated to such solvency requirements.
Oddelek 7.2.1.1.
See recital 81.
Okrožnica, str. 3 in 4.
The use of return on regulatory capital is made more difficult in practice because of the different type of regulatory capital held by regulated institutions, such as Tier 1 and Tier 2 capital, whereas the only capital type that FFT has is equity.
Pripombe Luksemburga k sklepu o začetku postopka, točka 34.
This complexity is increased under the Basel III framework.
Pripombe Luksemburga k sklepu o začetku postopka, točka 36.
Regulated financial institutions do not typically report the amount of the minimum regulatory capital, although it can be indirectly recalculated.
Davčna stališča so oštevilčena v istem vrstnem redu, kot jih je Luksemburg pošiljal Komisiji.
Rather, they report the actual level of regulatory capital they hold, which is always higher than the minimum required.
Stran 34 poročila družbe FFT o transfernih cenah.
Finally, risk-adjusted return on capital, which at an aggregate level could be seen as similar to a return on regulatory capital, is sometimes used by regulated institutions for internal pricing purposes.
Glej uvodno izjavo 83.
However, in that case, it is used asset by asset rather than as a profit indicator for the institution in aggregate and it is also therefore not disclosed in principle.
Od teh sta se dve davčni stališči nanašali na prošnji družbe FFT in [družbe F], glej uvodni izjavi 28 in 29.
See recital 256.
V prošnji Komisije z dne 23. junija 2015 so zajeta vsa poročila o transfernih cenah, ki jih je družba predložila, dopis Luksemburga z dne 25. junija 2015 pa ne vključuje nobenega poznejšega tovrstnega poročila.
See Table 6.
Dopis Luksemburga z dne 24. marca 2015, odgovor na vprašanje št. 6.
IMF WP/12/36, How Risky Are Banks' Risk Weighted Assets?
Sodba v združenih zadevah Paint Graphos in drugi, od C-78/08 do C-80/08, ECLI:EU:C:2011:550, točka 69.