natgillin/translations-raw huggingface dataset:
They include the sharing of risks in terms of traffic and of correlative commercial and financial responsibilities, the generalised use of incentive mechanisms (for example, in the form of discounts connected with the number of links or passengers carried), and variations in the distribution of risk over the term of contracts.
Ti tokovi kažejo pozitiven dodatni prispevek družbe Ryanair za vsa zadevna leta.
As a result, it is difficult to compare transactions based on a price per rotation or per passenger.
Okvir poslovanja ima torej nujno pozitivno neto sedanjo vrednost, in to ne glede na tehtani povprečni strošek izbranega kapitala.
Ryanair cites a study by Oxera from 2 October 2011, which proposes Glasgow Prestwick and Liverpool John Lennon airports as comparators.
Ta diskontna stopnja je tehtani povprečni strošek kapitala subjekta, ki dodeli pomoč, ob njeni dodelitvi.
However, the Commission has strong doubts that these two benchmarks are relevant for assessing the situation of Charleroi airport, given that the revenue structure of Glasgow Prestwick airport is heavily based on cargo, which does not exist at Charleroi.
Kot je pojasnjeno v uvodni izjavi 538, je Komisija upoštevala tehtani povprečni strošek kapitala družbe BSCA.
Moreover, both airports have apparently received public funding in recent years.
Komisija je na podlagi naslednjih predpostavk ocenila, da ta strošek znaša 9,7 %:
In addition, as indicated above, the transactions to be analysed consist of several ‘prices’, i.e. in particular the various airport charges, the price of ground handling services and, for certain measures, the contributions to Promocy for marketing activities.
premije za tveganje v višini 5,72 % [204];
Each of these transactions therefore leads to a complex set of cash flows between the airport manager and the airline and its subsidiaries.
stroškov pred obdavčitvijo kapitala, vloženega brez tveganja, med 4,2 % in 4,4 %;
Accordingly, a comparison between just the airport charges invoiced by BSCA to Ryanair and the airport charges invoiced at the comparison airports would not provide any useful indication as to compliance with the market economy operator principle.
V naslednji preglednici so predstavljeni rezultati izračuna neto diskontirane vrednosti okvira poslovanja iz leta 2004, ki temelji na 9,7-odstotni diskontni stopnji.
At the very least, in order to validly compare the transactions covered by this assessment, it would be necessary to identify, for the airports in the comparison sample, a set of comparable transactions, which must particularly include equivalent marketing services and equivalent ground handling services.
Preglednica 24
Identifying such a sample of comparable transactions would prove impossible, given that the transactions covered by this assessment are so complex and specific, and all the more so as the prices of ground handling services and marketing services are rarely made public and would be difficult to obtain in order to form a basis for comparison.
Neto diskontirana vrednost (NDV) ukrepa iz leta 2004
Lastly, assuming that it could be established, based on a valid comparative analysis, that the ‘prices’ applied in the various transactions covered by this assessment were equivalent to or higher than the ‘market prices’ established using the sample of comparison transactions, the Commission could not, however, conclude that those transactions corresponded to the market price if it proved that, on their conclusion, the airport manager may have expected them to lead to incremental costs higher than the incremental revenues.
Diskontna stopnja 9,7 %
A market economy operator would not in fact be interested in offering goods or services at the ‘market price’ if this led to an incremental loss.
Ta pozitivna neto diskontirana vrednost potrjuje, da je bilo mogoče pričakovati, da bo se bo na podlagi okvira poslovanja iz leta 2004 povečala donosnost subjekta Valonija-SOWAER-BSCA.
The Commission considers it appropriate to reiterate in the context of this analysis that, following the adoption of the aviation guidelines, both Belgium and the interested parties were invited to submit comments on the application of those guidelines to the present case.
Točka 66 letaliških smernic določa, da morajo biti sporazumi del splošne strategije, ki naj bi vsaj dolgoročno omogočila donosnost letališča.
In the event, neither Belgium nor the interested parties, except for Ryanair, disputed in substance the Commission's approach according to which, where an appropriate benchmark cannot be identified to establish a true market price for the services provided by airports to airlines, the most relevant criterion for assessing the arrangements concluded between these two parties is an ex ante incremental profitability analysis.
V zvezi s tem se je upravni odbor družbe BSCA na sestanku z dne 15. aprila 2004 seznanil s predlogi družbi Ryanair in je pooblastil „predsednika upravnega odbora, da potrdi poslovni načrt družbe BSCA in izmeri morebitne posledice zadevnih predlogov“.
Ex ante analysis of the profitability of measures
„Splošna analiza mora tudi v vseh pogledih potrditi, da obstoj in prihodnost letališča nikakor nista ogrožena in da ima družba BSCA dolgoročno zadosten manevrski prostor za svoj nadaljnji razvoj“.
In the light of the above, the Commission considers that the approach generally recommended in the aviation guidelines for applying the market economy operator test to relationships between airports and airlines, namely the ex ante incremental profitability analysis, must be applied to the present case.
Na naslednjem sestanku 6. maja 2004 je „upravni odbor ugotovil, da se bo s predlogi, o katerih se je pred kratkim v Dublinu razpravljalo s predstavniki družbe Ryanair, glede na predvideni razvoj letališča Charleroi zagotovilo nadaljnje poslovanje družbe Ryanair na letališču pod pogoji iz prvotnega poslovnega načrta […].“ Ker je bil prvotni poslovni načrt del dolgoročne strategije razvoja, je Komisija sklepala, da je okvir poslovanja iz leta 2004 del iste strategije.
This approach is justified by the fact that an airport manager may have an objective interest in concluding a transaction with an airline where it may reasonably expect this transaction to improve its profits (or reduce its losses) compared to a counterfactual situation in which this transaction is not concluded [194], regardless of any comparison with the conditions offered to airlines by other airport managers, or even with the conditions offered by the same airport manager to other airlines.
Ker je merilo zasebnega udeleženca v tržnem gospodarstvu izpolnjeno, okvir poslovanja iz leta 2004 ne pomeni državne pomoči.
As stated by point 63 of the aviation guidelines, ‘The Commission considers that arrangements concluded between airlines and an airport can be deemed to satisfy the MEO test when they incrementally contribute, from an ex ante standpoint, to the profitability of the airport.
Pogodba iz leta 2005
The airport should demonstrate that, when setting up an arrangement with an airline …, it is capable of covering all costs stemming from the arrangement, over the duration of the arrangement, with a reasonable profit margin on the basis of sound medium-term prospects’ [195].
Komisija je za presojo, ali je pogodba iz leta 2005 predhodno prispevala k donosnosti subjekta, ki je odobril pomoč, v skladu s točko 63 letaliških smernic, ugotovila, ali je bila neto diskontirana vrednost pogodbe iz leta 2005 pozitivna za subjekt Valonija-SOWAER-BSCA.
The Commission stresses that the criterion indicated in point 63 of the aviation guidelines reflects the logic of the market economy operator test, but that this criterion, which refers to the arrangements concluded between specific airports and airlines rather than to a general business plan as is usually the case when applying the market economy operator test, has only recently been introduced.
Alternativni scenarij je, da po preteku veljavnosti dopisa družbe BSCA družbi Ryanair z dne 24. junija 2004, to je marca 2006, ni več sporazuma z družbo Ryanair.
Consequently, the Commission admits that it may be difficult for Member States and the operators concerned to provide documents dating from the moment when the measure was granted and precisely meeting the requirements in point 63 of the aviation guidelines, where these arrangements were concluded some years previously.
Komisija je nato uporabila enako metodologijo, kot je bila uporabljena za pogodbi iz leta 2001 in je opisana v uvodni izjavi 525.
The Commission will take these considerations into account when applying the market economy operator test to the agreements with Ryanair.
O naložbah na podlagi pogodbe med družbama SOWAER in BSCA iz leta 2002 in naložbi iz leta 2003 je bilo že odločeno in dela so se že začela.
According to point 64 of the aviation guidelines, ‘In order to assess whether an arrangement concluded by an airport with an airline satisfies the MEO test, expected non-aeronautical revenues stemming from the airline's activity should be taken into consideration together with airport charges, net of any rebates, marketing support or incentive schemes.
Poleg tega bi bil, kot je navedeno v uvodni izjavi 533, program naložb, ki je bil sestavni del pogodbe med družbama SOWAER in BSCA iz leta 2002, verjetno sprejet tudi, če ne bi bilo pogodb z družbo Ryanair.
Similarly, all expected costs incrementally incurred by the airport in relation to the airline's activity at the airport should be taken into account … In contrast, costs which the airport would have to incur anyway independently from the arrangement with the airline should not be taken into account in the MEO test’ (the footnotes have not been reproduced).
Komisija na podlagi tega sklepa, da ni treba, da se dodatni stroški naložb pripišejo pogodbi iz leta 2005.
Furthermore, according to point 66 of said guidelines, ‘When assessing airport/airline arrangements, the Commission will also take into account the extent to which the arrangements under assessment can be considered part of the implementation of an overall strategy of the airport expected to lead to profitability at least in the long term’ [196].
(556) Komisija je na podlagi teh predpostavk ugotovila, da so upoštevni denarni tokovi za analizo dobičkonosnosti ukrepa iz leta 2005 naslednji:
The Commission has therefore applied the market economy operator test to the following measures, in line with the principles set out above:
Preglednica 25
2001 contracts
Pričakovani denarni tokovi ukrepa iz leta 2005
In order to determine whether the 2001 contracts contributed, from an ex ante point of view, to the profitability of the entity having granted the aid, in accordance with point 63 of the aviation guidelines, the Commission has assessed whether the net present value (hereinafter ‘NPV’) of the 2001 contracts was positive for the entity Region-SOWAER-BSCA.
[6–10]
Prior to the 2001 agreements, BSCA drew up a business plan.
[12–17]
However, on the one hand, this business plan covered not only the revenue received from the traffic generated by Ryanair, but also the revenue received from the traffic generated by other airlines.
[5,5–7,5]
On the other hand, it identified the revenue and costs of BSCA only, whereas, in order to apply the market economy operator test, it should be considered that the entity that concluded the 2001 contracts with Ryanair was the entity Region-SOWAER-BSCA.
Fiksni stroški na potnika
This business plan can therefore be used as a source of information, but must be reworked so that it can be used to apply the market economy operator test.
[0–0,1]
The Commission has therefore recreated what would have been a business plan produced by the entity Region-SOWAER-BSCA in order to assess the expected profitability of these contracts, with only the revenue and costs of the incremental economic activities associated with these contracts being included.
Skupni stroški na potnika na odhodnem letu
To this end, the Commission started with BSCA's general business plan (i.e. covering all the airport's activities and not just the specific effect of the 2001 contracts), as available prior to the conclusion of the 2001 contracts.
Skupni dodatni prispevek na potnika družbe Ryanair na odhodnem letu pred naložbami (v EUR)
Using this general business plan, the Commission constructed an incremental business plan including only the incremental economic activities (i.e. taking into account only the revenue and costs associated with Ryanair's traffic), by isolating the incremental traffic, costs and revenue to be expected from the contracts with Ryanair on their conclusion [197].
[5–10]
The Commission then created a business plan for the entity Region-SOWAER-BSCA by adding the incremental costs and revenue of the Region and SOWAER associated with these contracts and by neutralising the internal flows within the entity Region-SOWAER-BSCA.
Skupni dodatni prispevek družbe Ryanair pred naložbami (v milijonih EUR)
Expected incremental costs
[6–17]
Expected incremental investment costs
Pogodba iz leta 2005 ima torej nujno pozitivno neto sedanjo vrednost in to ne glede na tehtani povprečni strošek izbranega kapitala.
In order to determine whether part of the investment costs should be taken into account in the expected incremental investment costs due to the 2001 contracts, the Commission examined, in accordance with point 64 of the aviation guidelines, whether the investment programme for Charleroi airport was decided in connection with the 2001 contracts or independently from those agreements.
(558) Komisija je kljub temu kot primer izračuna neto sedanje vrednosti ukrepa iz leta 2005 določila diskontno stopnjo, ki jo je treba uporabiti.
The Commission found that, at the end of the 1990s, i.e. before the 2001 contracts were signed, the Region wanted to develop the airport in order to boost economic activity within its territory.
Komisija je na podlagi naslednjih predpostavk ocenila, da ta strošek znaša 9,3 %:
Accordingly, in its regional policy declaration approved on 15 July 1999, the Walloon Parliament recognised that the regional airports constituted important centres of economic development and job creation for the Walloon Region [198].
premije za tveganje v višini 5,74 % [206];
In a note of 8 November 2000 to the Walloon Government (this note was intended to inform the Walloon Government with a view to a decision approving the investment programme), the minister with responsibility for the economy stressed that it was vital, ‘in order to allow the airport to play its role as a regional economic lever, to equip it with a complete infrastructure in the context of its comprehensive development’.
stroškov pred obdavčitvijo kapitala, vloženega brez tveganja, med 3,5 % in 3,9 %;
According to Belgium, at the end of the 1990s (and therefore before the 2001 agreements), due to technical constraints associated with the existing infrastructure [199], it was clear that a new terminal needed to be built in the northern part of the site.
Neto diskontirana vrednost (NDV) ukrepa iz leta 2005 (v milijonih EUR) Diskontna stopnja 9,3 % NDV 80,6
The Region had itself compulsorily purchased further land during the 1990s, and in 1999 Igretec transferred to the Region the land that it had purchased.
Družba BSCA opozarja, da morajo cene zemeljske oskrbe („handling“) „omogočiti kritje stroškov in razumno stopnjo dobička“.
It was on this land that the new passenger terminal was built.
V nadaljevanju dopisa družba BSCA pojasnjuje, da so „stroški, povezani z zemeljsko oskrbo, in njihovo obvladovanje bistvo predloga družbi Ryanair.
During a session on 20 July 2000, the Region approved the outlines of a framework agreement on a multiannual investment programme for Charleroi airport, referring in particular to the ‘concept of a new passenger terminal’, with a total budget of EUR 113740000.
Precejšen del teh stroškov je fiksen ali delno variabilen, zato je strošek na potnika povezan s številom obravnavanih potnikov.
On 8 November 2000 the Region adopted a decision implementing its decision of 20 July 2000, amending the assumptions of the multiannual investment programme.
V poslovnem predlogu (z družbo Ryanair) je določeno najmanjše število obračanj in neupoštevanje tega minimuma bi zagotovo povzročilo izgubo za dejavnost zemeljske oskrbe družbe BSCA.
Although these decisions did not legally bind the Region, they show that the Region had laid the foundations of the investment programme well before the 2001 contracts were signed.
V primeru neupoštevanja so predvidene sankcije“.
The decision of 8 November 2000 was particularly based on a note from the minister with responsibility for the economy, which referred to two studies ordered by the Region and carried out at the end of the 1990s/beginning of the 2000s:
Komisija na podlagi tega sklepa, da čeprav je poslovni predlog družbe BSCA družbi Ryanair z vidika družbe BSCA vključeval nekatera tveganja – zlasti tveganje premajhne dobičkonosnosti, če bi bil promet družbe Ryanair nižji od predvidenega –, je ta predlog kljub temu temeljil na razvojni strategiji, v skladu s katero je družba BSCA pričakovala, da bo zaradi prometa družbe Ryanair znižala svoje stroške na potnika in tako ustvarila zadosten dobiček.
a study conducted by the International Air Transport Association (hereinafter ‘IATA’): this study identified three options for developing passenger traffic at Charleroi airport, based on assumptions of growth in the number of passengers for scheduled, charter and business flights,
Ker je merilo zasebnega udeleženca izpolnjeno, pogodba iz leta 2005 ne pomeni državne pomoči.
The summary of these studies presented by the minister to the Walloon Government refers to general traffic assumptions, which are not presented as being connected with a particular company or future contract.
Družba BSCA je 31. marca 2010 na družbo Ryanair prenesla svoj 50-odstotni delež v družbi Promocy.
On 31 July 2001 a ‘strategic guidance note’, accompanying the 2001 BSCA business plan, was presented to BSCA's Board of Directors.
Delnice je prodala po njihovi knjigovodski vrednosti (to je 100 EUR na delnico) v skupnem znesku 31100 EUR.
This note indicated that BSCA should target low-cost airlines and possibly airlines from eastern countries.
Vsa tveganja in obveznosti družbe BSCA kot delničarja družbe Promocy so se prenesli na družbo Ryanair.
It stressed that it was vital for BSCA to attract new airlines (over and above Ryanair) and that Charleroi airport should position itself as a potential destination for the new bases to be opened by low-cost airlines in the future.
Ob navedeni prodaji so denarna sredstva družbe Promocy znašala 261073 EUR (stanje sredstev, pri čemer se odštejeta kapital in zakonska rezerva) [207].
The 2001 BSCA business plan also confirms that the investments and in particular the construction of the new terminal were envisaged not only in terms of meeting the needs of Ryanair, but also meeting the needs of all airlines that Charleroi airport could attract.
Družba BSCA je torej svoje deleže v družbi Promocy prenesla na družbo Ryanair za znesek, ki je bil za 99436 EUR nižji od polovice denarnih sredstev družbe Promocy ob prodaji.
In fact, according to this business plan, the number of departing passengers carried by Ryanair was expected to grow only from 360000 to 700000 passengers by 2015 (see table presented in recital 536).
Vendar Belgija poudarja, da je ob prodaji potekal davčni spor.
This growth was mainly expected to occur in 2001-2003, i.e. before the opening of the new terminal, which was planned at the time for 2005.
Družba BSCA bi morala kriti polovico njegovih stroškov, če bi obdržala svoje deleže v družbi Promocy.
The Region and BSCA therefore expected that the increase in traffic facilitated by these investments would stem from airlines other than Ryanair.
Zato se je po navedbah Belgije družba BSCA odločila prodati svoje deleže po njihovi knjigovodski vrednosti.
The Region and BSCA did not therefore make the investments with a view to specifically increasing the number of Ryanair passengers, but to enable the significant traffic potential, which was not specifically linked to one airline, to be realised.
Belgija je poslala dopis z dne 24. februarja 2010, ki ga je finančni direktor družbe BSCA poslal njenemu upravnemu odboru in v katerem mu je predlagal, naj potrdi prodajo deležev družbe BSCA v družbi Promocy po njihovi knjigovodski vrednosti.
The Commission therefore concludes that these investments cannot be specifically attributed to Ryanair.
V tem dopisu je bilo opozorjeno, da družba Promocy po sklenitvi nove pogodbe z družbo Ryanair leta 2005 ni več poslovala.
As a result, it is not relevant to attribute incremental investment costs to the 2001 contracts.
Po uvedbi preiskave in nato sodnega postopka v zvezi z navedenim sporom je bilo odločeno, da družba Promocy ostane v mirujočem stanju.
Expected incremental operating costs
Ker je bil od takrat v tej sodni zadevi dosežen le majhen napredek, sta se družbi BSCA in Ryanair odločili za likvidacijo družbe Promocy.
The expected incremental operating costs due to the 2001 contracts are equal to the expected operating costs directly attributable to Ryanair, to which the Commission has added part of the expected indirect operating costs in proportion to the number of Ryanair passengers compared to the total number of passengers.
Glede na dopis je družba BSCA tako predlagala družbi Ryanair, da si razdelita čista sredstva družbe, ki so tedaj znašala 350000 EUR.
The Commission stresses that if, in this case, the net present value of the 2001 contracts is positive, this would be even more true if the expected incremental operating costs had been determined using a linear regression, as proposed in the study submitted for Ryanair by Oxera.
Družba Ryanair je navedla, da bi čista sredstva raje „izčrpala“ s še zadnjimi dejavnostmi trženja.
Contrary to Ryanair's opinion, the Commission analysis has excluded any residual value of the contract with Ryanair, because the long-term effect of advertising on total traffic at Charleroi is undocumented and difficult to measure.
Da bi izšli iz slepe ulice, je družba BSCA predlagala družbi Ryanair, da nanjo prenese svoje deleže po knjigovodski vrednosti, to je za 31100 EUR, in sicer na podlagi podpisanega dogovora, ki je vključeval takojšni odstop družbe BSCA kot upravljavca družbe Promocy.
The results of the net present value calculation are presented in Table 21.
Avtor dopisa je upravnemu odboru predlagal, naj potrdi prodajo, in ta je to storil soglasno.
They reveal a positive incremental contribution by Ryanair for all the years concerned.
Komisija meni, da je Belgija predložila zadostne dokaze o obstoju in obsegu spora, s tem ko je Komisiji poslala obvestila o davčnem popravku [208].
Expected cash flows due to the 2001 measure
Ukrep zato ne vključuje državne pomoči.
Number of Ryanair departing passengers
Aneks iz leta 2010
Total number of departing passengers
Komisija je v oddelku 6.2.1 pokazala, da ob sklenitvi aneksa iz leta 2010 sredstva družbe BSCA niso bila javna sredstva in da poleg tega odločitve družbe BSCA za sklenitev aneksa iz leta 2010 ni bilo mogoče pripisati državi.
Revenue per departing passenger
Če pa bi se štelo, da ta ugotovitev Komisije ni utemeljena, da je bil aneks iz leta 2010 dejansko odobren iz državnih sredstev in da je mogoče odločitev o odobritvi aneksa iz leta 2010 pripisati državi, bi bilo treba preučiti, ali je bila z aneksom iz leta 2010 družbi Ryanair dodeljena prednost.
Passenger fee
V tem primeru bi bilo treba šteti, da je subjekt, ki je odobril ukrep, Valonija/SOWAER/BSCA.
Boarding fee
Preučiti je torej treba, ali so Valonija/SOWAER/BSCA ob sklenitvi aneksa iz leta 2010 ravnale kot udeleženci v tržnem gospodarstvu.
Fuel
Aneks iz leta 2010 določa:
[0,3-0,7]
splošno odstopanje pristojbine za potnike z omejeno mobilnostjo, v skladu s katerim bo družba Ryanair plačala [10–30] centov na potnika za obdobje od 1. februarja 2009 do 31. januarja 2010; poleg tega pogoji indeksacije pristojbine za potnike z omejeno mobilnostjo določajo znižanje tarife sorazmerno s povečanjem prometa, ki ga ustvari družba Ryanair [209].
Duty free shop
znižanje cene zemeljske oskrbe za [10–50] centov na potnika družbe Ryanair.