natgillin/translations-raw huggingface dataset:
However, the Commission considers that other services for which the subsidy is paid are economic in nature, such as maintenance and repair of infrastructures operated commercially, and even marshalling.
Dodati je treba tudi del subvencije za gasilsko in vzdrževalno službo, ki ga je mogoče pripisati gospodarskim dejavnostim.
The Commission takes the view that Belgium is committing a manifest error of assessment in qualifying these services as services of general economic interest.
Komisija meni, da je 10 % izdatkov, povrnjenih s subvencijo za gasilsko in vzdrževalno službo, kot so navedeni v poslovnem načrtu družbe BSCA za leto 2002, gospodarske narave.
As recalled by paragraph 47 of the Communication from the Commission on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest [152], generally speaking, a ‘particular public service task’ implies the supply of services which, if it were considering its own commercial interest, an undertaking would not assume or would not assume to the same extent or under the same conditions.
Preglednica 16
In paragraph 50 of said Communication, the Commission also considers that the services to be classified as services of general economic interest must be addressed to citizens or be in the interest of society as a whole.
Del subvencije za gasilsko in vzdrževalno službo, ki ga je mogoče pripisati gospodarskim dejavnostim
In the present case, the economic services identified are not supplied in the interest of citizens, but only to enable BSCA to provide an airport service.
Komisija je za določitev denarnih odlivov, ki jih je treba upoštevati pri izračunu neto diskontirane vrednosti ukrepa iz leta 2002, torej seštela zadnje postavke iz Preglednice 14, Preglednice 15 in Preglednice 16.
They are indissociable from the economic activity of operating the airport.
Preglednica 17
Furthermore, BSCA was not chosen in a procedure meeting the requirements of the fourth Altmark condition.
Denarni odlivi do leta 2015, ki jih je Komisija upoštevala za izračun neto diskontirane vrednosti ukrepa iz leta 2002
In addition, Belgium has not provided any evidence that the amount of the subsidy was determined on the basis of an analysis of the costs that a typical undertaking, well run and adequately equipped, would have incurred in order to meet the necessary public service requirements.
Za izračun neto sedanje vrednosti projekta je treba določiti pričakovane prihodke.
Belgium's arguments are actually insufficient for the following reasons:
Te pričakovane prihodke sestavlja variabilni del koncesijske dajatve družbe BSCA, kot je določena s členom 11.1 pogodbe med družbama SOWAER in BSCA iz leta 2002, to je 35 % prihodkov iz letalske dejavnosti družbe BSCA, in katere zgornja meja se je sčasoma spreminjala.
Belgium indicates that the ratios mentioned in the Communication referred to above in recital 410 demonstrate BSCA's efficient management (see recital 253), without, however, indicating the nature and value of those ratios.
Od leta 2015 je pogodba med družbama SOWAER in BSCA iz leta 2002 določala ponovni pregled teh zneskov.
Belgium adds that this sound management enabled private investors to be attracted in 2009 during BSCA's partial privatisation.
Komisija je predpostavljala, da bo ta zgornja meja od leta 2015 odpravljena (če bi Komisija predpostavljala, da se bo zgornja meja ohranila tudi po letu 2015, bi dobila nižjo neto diskontirano vrednost ukrepa).
However, the Commission stresses that, although investors did decide to participate in BSCA's capital (while obtaining a right of veto over important decisions), this may have been due to the existence of the aid, allowing them to expect that BSCA would attract a significant volume of traffic and therefore generate high profits, rather than due to sound management.
Preglednica 18
It can also be pointed out in this regard that private investors may take holdings in mismanaged companies that they hope to turn around once they have or share control of the company in question, as is the case with BSCA's private investor who has obtained a right of veto over important decisions.
Denarni prilivi do leta 2015, ki jih je Komisija upoštevala za izračun neto diskontirane vrednosti ukrepa iz leta 2002
It also cannot be concluded, as Belgium has done, that the airport is well run simply due to the fact that the turnover or traffic at Charleroi airport is on the increase (see recital 254).
Komisija je izračunala neto denarne tokove (prilivi minus odlivi), ki jih je upoštevala za izračun neto diskontirane vrednosti ukrepa iz leta 2002, pri čemer je razlikovala med zadnjo postavko iz Preglednice 18 in Preglednice 17.
This increase in turnover and traffic may stem from the aid, which enables BSCA to offer very favourable conditions to airlines and thus attract traffic.
Preglednica 19
Lastly, Belgium's argument that ‘it is clear from the financing mechanism put in place that, by definition, the compensation paid to BSCA is less than the market price of all the services entrusted to it, insofar as this compensation was capped in 2006 for the fire and ground traffic and airport site safety services and in 2010 for the security services’ (see recital 255), also does not prove that BSCA is efficiently managed, but only that there may be no overcompensation.
Neto denarni tokovi (prilivi minus odlivi) do leta 2015, ki jih je Komisija upoštevala za izračun neto diskontirane vrednosti ukrepa iz leta 2002
In conclusion, at least the first and fourth conditions of the Altmark judgment are not satisfied.
Diskontna stopnja, upoštevana za izračun neto diskontirane vrednosti ukrepa iz leta 2002
The Commission cannot therefore rule out, under the Altmark judgment, that the Region's subsidy for the services associated with the airport activities constitutes an advantage.
Kot je pojasnjeno v uvodni izjavi 424, je Komisija za določitev diskontne stopnje ocenila tehtani povprečni strošek kapitala družbe SOWAER ob odobritvi ukrepa.
Application of the market economy operator test
Ta ocena je temeljila na naslednjih podatkih in predpostavkah:
As regards identifying the entity granting the measure, the Commission considers that the actions of (i) the Region, as owner of the airport zone land, on the one hand, and (ii) SOWAER, a company under the exclusive control of the Region, as concession-holder of the airport zone land, owner of the infrastructures built on the airport zone land, and holder of the tasks delegated by the Region, on the other hand, must be assessed together where they involve the same activity and the same airport.
dstotnem finančnem vzvodu družbe SOWAER [162] in torej 23-odstotnem deležu dolga pri financiranju (r D);
Under these circumstances, SOWAER appears to be an intermediary of the Region in this context.
strošku dolga pred obdavčitvijo (kD), enakem tehtanemu povprečnemu strošku dolga pred obdavčitvijo družbe SOWAER v letu 2002, to je med 4,9 % in 5,5 %,
Consequently, in order to determine whether or not the measures defined in Section 3.1 give BSCA an economic advantage, the Commission will consider that the entity granting the measure is the group consisting of the Region and SOWAER (hereinafter ‘Region-SOWAER’).
premiji za tveganje (Δk) v višini 5,51 % [163];količniku beta [164] med 0,91 in 1,23 [165];
As a result, the Commission considers that it must examine together the commitments of the Region-SOWAER where they alter the economics of the concession (provision of the infrastructures, including development of the investment programme and funding of the major repairs, concession fee, subsidy for certain services associated with the airport activities where these services are economic in nature) and where they are virtually simultaneous and linked.
kar zadeva strošek lastniškega kapitala, strošku pred obdavčitvijo kapitala, vloženega brez tveganja (rf), med 5,16 % in 5,37 % [166];
The Commission will therefore apply the market economy operator test to the following four sets of measures, considered in turn:
davčni stopnji v višini (t) 40,2 %.
the 2002 SOWAER/BSCA agreement and the amendment of 29 March 2002 to the Region/BSCA agreement (hereinafter ‘the 2002 agreements’),
Komisija lahko na podlagi teh podatkov in predpostavk izračuna tehtani povprečni strošek kapitala (C), in sicer na podlagi naslednje standardne formule:
the decision of the Walloon Government of 3 April 2003 to build a terminal with a larger capacity than originally planned (3 million passengers instead of 2 million) and to provide for larger capacity car parks (hereinafter ‘the 2003 investment decision’),
C = (1 – rD) × kE + rD × kD
the service agreement of 4 April 2006 between SOWAER and BSCA and the amendment of 10 March 2006 to the Region/BSCA agreement (hereinafter ‘the 2006 agreements’),
kjer so stroški kapitala (kE) dobljeni z modelom ocenjevanja dolgoročnih sredstev (CAMP, v Capital Asset Pricing Model) na podlagi formule:
The Commission will also apply the market economy operator test to BSCA's capital increase subscribed by SOWAER in December 2002.
Komisija na podlagi te formule in zgoraj navedenih predpostavk meni, da je 9-odstotna diskontna stopnja razumna.
If any of these measures constitutes an advantage, the Commission will examine whether that advantage is selective.
i.
Application of the market economy operator test to the measures involving the provision of the infrastructure, including new investments and major repairs, and the granting of a subsidy for certain services associated with the airport activities
Rezultat izračuna neto diskontirane vrednosti
2002 agreements
Neto denarni tokovi, navedeni v Preglednice 19, diskontirani po 9-odstotni stopnji, predstavljajo neto diskontirano vrednost v višini –83,7 milijona EUR.
General principles applicable to the four measures
Selektivnost
As highlighted by point 51 of the aviation guidelines, the analysis of conformity with the market economy operator test should be based on sound ex ante profitability prospects for the entity granting the financing [153].
Valonija-SOWAER se je na podlagi pogodb iz leta 2002 odločila, da bo dala družbi BSCA na voljo zemljišča in infrastrukturo letališča Charleroi, pri čemer se je zavezala, da bo to infrastrukturo razvila v skladu s programom naložb, priloženim pogodbi med družbama SOWAER in BSCA iz leta 2002, ter izvedla večja vzdrževalna dela in popravila, poleg tega pa bo družbi BSCA izplačevala subvencijo za nekatere storitve, povezane z letališko dejavnostjo, v zameno za koncesijsko dajatev, nižjo od tiste, ki bi jo zahteval zasebni udeleženec v tržnem gospodarstvu.
The Commission notes that the Region did not supply any business plan proving the expected return for the Region and/or SOWAER from the scheduled investments when the binding decisions were made on each investment.
Komisija ugotavlja, da je bil ukrep odobren izključno družbi BSCA.
The absence of a business plan suggests that the Region and/or SOWAER were not acting according to a market economy operator logic when they adopted the measures granted to BSCA.
Po mnenju Belgije [167] seveda ni nikakršne diskriminacije na ravni Valonije, kar zadeva subvencijo za nekatere storitve, povezane z letališko dejavnostjo [168].
The Commission also notes that the reports supplied in support of the Walloon Government's decisions justify the need for these investments through the positive impact of the airport's development on the economy and employment situation in Charleroi and its region [154].
Poleg tega po navedbah Belgije naloge, povezane z varnostjo in varovanjem na letališčih, ki pripadajo Flandriji, izvaja slednja.
However, the Commission points out that it is settled case-law that regional development considerations cannot be taken into account when applying the market economy operator test [155].
Vendar Komisija pripominja naslednje.
Despite no business plan being supplied by the Region and/or SOWAER, the Commission has examined whether, for the group consisting of the Region-SOWAER, the net present value of each set of measures identified in recital 416 is positive.
Najprej, ker prednost izhaja iz dejstva, da je koncesijska dajatev nižja od tiste, ki bi jo za uporabo infrastrukture, zagotavljanje storitev in subvencijo zahteval zasebni udeleženec, je treba preučiti, ali je z ukrepom družbi BSCA dodeljena selektivna prednost.
If the net present value of a measure is positive, this means that the measure in question is profitable for the operator concerned.
V okviru tega zgolj dejstvo, da Valonija nediskriminatorno izplačuje subvencijo tudi drugim letališčem, ki jih upravlja, ne zadošča.
The discount rate used to calculate the net present value has been determined by establishing the cost of capital for the entity having granted the measure at the time when it was granted.
Belgija tega ni dokazala.
The cost of capital for an entity depends on its financing structure, particularly in terms of equity and debt.
Tudi če bi Belgija to lahko dokazala, Komisija opozarja, da bi bila s takim ukrepom družbi BSCA še vedno dodeljena selektivna prednost, saj bi tak ukrep koristil natančno določeni gospodarski panogi (in sicer panogi upravljanja letališč) in torej ne bi bil splošen ukrep [169].
In the present case, most of the expenditure associated with the project undertaken by the Region-SOWAER group is covered by the investments funded by SOWAER.
Zlasti upravljavci drugih načinov prevoza niso deležni take prednosti.
That is why the Commission has decided to calculate the cost of capital for the entity granting the measure by using the cost of capital given by the structure of SOWAER's balance sheet, which is the financing structure chosen by the Region-SOWAER group, and its conditions of access to capital markets.
Komisija zato sklepa, da je z ukrepom družbi BSCA dodeljena selektivna prednost.
Application of the market economy operator test to the 2002 agreements
Odločitev o naložbah iz leta 2003
Under the 2002 agreements, the Region-SOWAER decided to place the land and infrastructure of Charleroi airport at BSCA's disposal, in return for a concession fee, while undertaking to develop this infrastructure in accordance with the investment programme annexed to the 2002 SOWAER/BSCA agreement, and to carry out the major repairs and maintenance as well as pay BSCA a subsidy for certain services associated with the airport activities.
Stroški odločitve za naložbo iz leta 2003 za Valonijo-SOWAER torej ustrezajo dodatnim stroškom poleg stroškov, predvidenih v „programu naložb“ iz leta 2002.
The counterfactual scenario would have consisted in the Region-SOWAER not signing the 2002 agreements and therefore not committing to further significant investments or granting the ‘fire-maintenance’ subsidy.
Za preučitev, ali bi udeleženec na trgu sprejel odločitev o naložbah iz leta 2003, je treba ugotoviti, ali je neto sedanja vrednost ukrepa iz leta 2003 pozitivna.
The Commission has assumed that, in this counterfactual scenario without any aid, the airport would probably have continued to operate, but to a much lesser extent, given the need for the investments stipulated by the 2002 agreements in order to significantly increase traffic at the airport.
Razlike med načrtom iz leta 2003 in leta 2002 se hkrati nanašajo na napovedi v smislu naložb in na pričakovano število potnikov.
This counterfactual scenario would have led to a slightly positive net present value, which is impossible to estimate with any degree of reliability, particularly as it would be very difficult to estimate the expected traffic in the absence of the 2002 agreements and the concession fees obtained from BSCA by the Region-SOWAER.
Kar zadeva naložbe, Komisija opozarja na razliko za postavki „novi terminal“ in „parkirišče“ tako v smislu zneskov kot tudi datumov naložb.
In its net present value calculations, the Commission has therefore assumed that the net present value of the counterfactual scenario is zero.
Poleg tega Komisija na podlagi informacij, ki jih je poslala Belgija, meni, da je gospodarski del naložb v parkirišče in terminal 93-odstoten.
If, on the basis of this assumption, the net present value of the 2002 agreements is negative, this would definitely be the case if the net present value of the counterfactual scenario were assumed to be positive.
Znesek dodatnih naložb na podlagi ukrepa iz leta 2003 torej ustreza naslednji primerjavi:
This assumption is therefore favourable to the Region-SOWAER and to BSCA.
Preglednica 20
Costs and revenue taken into account in calculating the net present value of the 2002 measure
Znesek dodatnih naložb v razmiku dveh let na podlagi ukrepa iz leta 2003
In order to calculate the net present value of the 2002 agreements for the Region-SOWAER, the Commission has determined the costs and revenue of the Region-SOWAER that could have been anticipated due to these agreements, by including:
Parkirišče
for the period from 2002 to 2015:
gospodarski del
the estimated cost of the economic investments (see Table 13) and services to be provided by SOWAER, and also the part of the subsidy paid by the Region for certain services associated with the airport activities, which is paid for economic services,
Naložbe v skladu z načrtom za obdobje 2001–2002
the expected revenue from the concession fee payable by BSCA to SOWAER,
Znesek dodatnih naložb (v razmiku dveh let)
for the period from 2016 to 2040:
Kar zadeva potniški promet, Komisija opozarja na razliko med ravnjo potnikov v letu 2003, pričakovano leta 2002 (1,47 milijona) in leta 2003 (1,7 milijona).
the value of the cash flows expected from the project after 2015.
Meni torej, da se je pričakovalo, da bo z dodatnimi naložbami pridobljenih 16 % več potnikov (1,7/1,47) v celotnem obdobju.
The value of the project's cash flows after 2015 has been estimated using the perpetuity growth method with a growth rate of 2 %, reflecting the expected rate of inflation over the period [156].
dstotnem finančnem vzvodu družbe SOWAER [170] in torej 23-odstotnem deležu dolga pri financiranju (rD);
These figures are based on the forecasts available to the Region and SOWAER in 2002, particularly with regard to traffic and costs.
premiji za tveganje (Δk) v višini 5,64 % [171],
The Commission has not therefore taken account of any cost drifts in the investment programme that could not have been anticipated at the time of the decision to commit to the programme in April 2002 (for example, increase in building costs and cost drifts associated with soil stability problems that were unknown when the investment programme was prepared).
količniku beta med 0,91 in 1,25 [171] Glej opombo 156.
In examining that question, it is for the national court to determine what is normal remuneration for the services in question’.
Pogodbi iz leta 2006
The Commission takes the view that, in the present case, the provision of infrastructure at a price below market price constitutes an advantage for BSCA, even if SOWAER expects to recover its loss through the growth in its capital or the dividends that it will receive.
S pogodbama iz leta 2006:
The Commission also notes the effects on competition of an approach in which any capital gains and dividends are taken into account.
je bil spremenjen obseg storitev, za katere družba BSCA prejema subvencijo od Valonije, in uvedena je bila zgornja meja za to subvencijo,
In extreme cases, this scenario would result in the acceptance that a public authority could demand a zero concession fee from an airport in which it was a shareholder (as said authority could expect dividends and/or an increase in the value of its shares), without this constituting aid.
so bili spremenjeni pogoji za izračun variabilnega zneska koncesijske dajatve, pri čemer se je zgornja meja ohranila na ravni, ki je bila določena s pogodbo med družbama SOWAER in BSCA iz leta 2002.
This would enable the airport in question to offer very low charges to airlines, thus distorting competition, particularly in relation to private airports.
Kar zadeva pričakovane stroške ukrepov iz leta 2006, so z uvedbo zgornje meje subvencije Valonije ukrepi iz leta 2006 omogočili, tudi s predhodnega vidika, omejitev zvišanja subvencije in tako zmanjšanje stroškov celote Valonija/SOWAER v primerjavi s prejšnjim stanjem.
The following table indicates the cost of the economic investments taken into account by the Commission in calculating the net present value of the 2002 measure.
Kar zadeva pričakovane prejemke na podlagi ukrepov iz leta 2006, je treba navesti, da je bilo po navedbah Belgije odločeno o spremembi pogojev za izračun variabilnega zneska koncesijske dajatve, tako da družbe, upravljavke letališč (torej družba BSCA), ki so dobile pravico do določanja višine letaliških pristojbin, ne morejo znižati pristojbine, ki se plačuje družbi SOWAER (ta pristojbina je bila dotlej odvisna od višine letaliških pristojbin).
In order to produce this table, the Commission started with the investment programme planned for Charleroi airport, which was annexed to the SOWAER/BSCA agreement of 15 April 2002.
zgornja meja ukrepov ostane nespremenjena;
Although annexed to the SOWAER/BSCA agreement of 15 April 2002, this programme does not identify the investments remaining to be made on the date of 15 April 2002, but all the investments that should have been made from 1 January 2001 or that remained to be made.
je uvedena zaščitna klavzula, ki določa „da si bosta stranki v izjemnih okoliščinah ali ob zakonski spremembi […], na katere stranki ne moreta vplivati in s katerimi bi se lahko korenito spremenili finančni pogoji pogodbe v škodo ene od strank […], v dogovoru z Valonijo pravično prizadevali za spremembe pogodbe, da bi vzpostavili ponovno ravnovesje svojih vzajemnih obveznosti in obenem ohranili svoje interese“.
In order to identify the investments remaining to be made on the date of 15 April 2002, the Commission transferred to 2002 the investments planned in 2001 and 2002 [158] and then deducted from this sum those investments already made on 15 April 2002 [159].
Komisija meni, da je bilo dejansko razumno, da je družba SOWAER pri družbi BSCA dosegla spremembo pogojev za izračun variabilnega zneska koncesijske dajatve, tako da družba BSCA ne bi mogla spremeniti višine variabilnega zneska koncesijske dajatve z znižanjem letališke pristojbine [173].
Table 13
Poleg tega Komisija ugotavlja, da je bila brez tovornega prometa zgornja meja, uvedena z ukrepi iz leta 2006, leta 2006 dosežena pri 637689 potnikih in leta 2007 pri 1737378 potnikih, čeprav je letališče Charleroi že leta 2006 imelo 2170000 potnikov.
Cost of the investments remaining to be made as at 15 April 2002
Zato bi morala ohranitev zgornje meje variabilnega zneska koncesijske dajatve na nespremenjeni ravni omogočiti ohranitev višine prihodkov družbe SOWAER.
(EUR million)
V primeru izjemnih okoliščin, zaradi katerih bi se variabilni znesek koncesijske dajatve znižal, bi lahko družba SOWAER pri družbi BSCA znova dosegla spremembe za ponovno vzpostavitev ravnovesja vzajemnih obveznosti.
2002 + 2003 + 2004
Z ukrepi iz leta 2006 se torej ne bi smeli a priori znižati prihodki celote Valonija/SOWAER.
Compulsory purchase (balance of 1st phase)
Ukrepi iz leta 2006 bi torej morali a priori omogočiti omejitev stroškov celote Valonija/SOWAER (glej uvodno izjavo 457), da bi se ohranili njeni prihodki (glej uvodno izjavo 459).
Balance of new land
Zato ne pomenijo državne pomoči.
SABCA renovation
Ta ukrep je torej izključen iz nadaljnje preučitve.
Deferral, accrual and other
Sprememba pogodbe med Valonijo in družbo BSCA iz leta 2008
Sub-Total
S spremembo pogodbe med Valonijo in družbo BSCA z dne 15. januarja 2008 je bila uvedena zaveza Valonije, da bo nove gospodarske storitve (usmerjanje itd.) krila s subvencijo za nekatere storitve, povezane z letališko dejavnostjo.
Fencing of airport site
Po mnenju Belgije je bil ta prenos pristojnosti v interesu celota Valonija/SOWAER, čeprav se je zavezala h kritju pripadajočih stroškov, saj je lahko pričakovala znižanje stroškov, ker bo te storitve zagotavljala družba BSCA, namesto da jih bo zagotavljala neposredno Valonija.
Approach and taxiway lighting
Belgija v podkrepitev svojega stališča navaja obrazložitev osnutka odredbe [174], s katero so bile naloge, povezane z varnostjo in varovanjem, prenesene na družbo BSCA, in poročilo valonskega parlamenta z dne 6. decembra 2007 o tej odredbi.