natgillin/translations-raw huggingface dataset:
In this respect, the Commission considers that a capitalisation of losses would have resulted in the loss of the entire registered capital of the company, since the accumulated losses were higher than the registered capital.
Zato kapital, ki ga je zvezna država podjetju NG zagotovila 1. maja 2002 (v znesku 2179000 EUR) in 21. decembra 2004 (v znesku 22839241 EUR), ter kapital, ki sta ga zvezna dežela in okrožje Ahrweiler zagotovila 31. avgusta 2004 (v znesku 4887000 EUR) in 4. septembra 2007 (v znesku 10000000 EUR), pomenita pomoč, ki je enaka skupnemu znesku zagotovljenega kapitala.
For this reason the Commission considers that the criteria of point 10(a) of the R&R Guidelines are met in this case since 2006.
V zvezi z ukrepom 2 (delničarska posojila podjetja NG pred začetkom projekta „Nürburgring 2009“) Komisija na podlagi finančnih podatkov, ki so jih predložili nemški organi, ugotavlja, da so imela podjetja EWN, Camp4Fun in TTI letne izgube in negativen lastni kapital, ko so prejela svoje dele ukrepa 2 (glej preglednice 1–4).
In addition, on the basis of point 11 of the R&R Guidelines, the Commission considers NG to have been in difficulty already since 2002, because:
Tudi podjetja BWN1, BWNB in BWN2, ki so prejela posojila v obdobju 2004–2007, so imela letne izgube v celotnem navedenem obdobju in negativen lastni kapital v letih 2005, 2006 in 2007.
NG's annual turnover decreased by 80 % in that period, at a total amount of EUR 89,4 million, and the company had annual losses for most part of the same period;
Nazadnje, podjetje MAN je imelo nakopičene in letne izgube, ko je prejelo svoj del ukrepa 2.
during the whole period NG had excessive debt, which increased from 119 % of turnover in 2002 to 4150 % of turnover in 2011;
Zato Komisija na podlagi točke 11 smernic za reševanje in prestrukturiranje meni, da so bila navedena podjetja v času ukrepa 2 podjetja v težavah.
even in 2004 and 2005, when the company's debt fell below 100 % of its turnover, that debt remained at significantly high levels of around 70 % of turnover, and also during the same years the company had reduced sales and annual losses;
Na drugi strani Komisija na podlagi finančnih podatkov, ki so jih predložili nemški organi, ugotavlja, da podjetje FZS ni bilo v težavah, ko je prejelo svoj del ukrepa 2, saj finančni podatki podjetja niso pokazali nobenega od znakov iz točke 11 navedenih smernic.
and (d) NG had negative equity for the most part of the same period (2006-2011).
Zagotovitev posojil podjetjem v takih težavah, ki jih noben zasebni vlagatelj ne bi nikakor financiral, zlasti ker so ta podjetja pripadala podjetju, ki je bilo samo v hudih finančnih težavah (NG), vključuje prednost za ta podjetja, ki je enaka znesku posojil.
MSR's key financial data during the period 2007-2011 were as follows:
Zato posojila, ki jih je podjetje NG odobrilo svojim hčerinskim družbam EWN (6195170,02 EUR), BWN/BWNB (3760000 EUR), Camp4Fun (450000 EUR), MAN (100000 EUR) in TTI (25000 EUR), niso v skladu z načelom vlagatelja v tržnem gospodarstvu.
Table 12
Poleg tega Komisija ugotavlja, da posojila podjetju FSZ (646738,12 EUR) temu podjetju niso zagotovila prednosti, saj so bila odobrena s 6-odstotno obrestno mero, ki je v skladu s tržno ravnjo, saj ustreza vsoti izhodiščne obrestne mere v Nemčiji v času odobritve posojil (5,06 % aprila 2002, 4,8 % marca 2003 in 5,19 % marca 2008) [158] in bazičnih točk, ki jih je treba dodati zaradi finančnega stanja podjetja FSZ (100 bazičnih točk), ob upoštevanju, da podjetje ni kazalo nobenega od znakov iz točke 11 smernic za reševanje in prestrukturiranje, ko je prejelo navedena posojila [159].
MSR's key financial data 2007-2011 (EUR million)
Zato navedena posojila podjetju FSZ ne pomenijo državne pomoči.
CMHN's key financial data during the period 2008-2011 were as follows:
V zvezi z ukrepom 3 (posojila podjetju NG iz združenih likvidnih sredstev zvezne dežele) Nemčija ni predložila nobenih dokazov, ki bi pokazali, da podjetje NG ni imelo koristi od obrestnih mer, ki so bile ugodnejše v primerjavi s pogoji posojil njegovim konkurentom.
Table 13
Poleg tega je težko sprejeti, da bi imelo podjetje v finančnih težavah, kot jih je imelo podjetje NG, na trgu dostop do kakršnega koli financiranja s kakršno koli obrestno mero.
CMHN's key financial data 2008-2011 (EUR million)
Ukrepi, financirani z združenimi likvidnimi sredstvi, torej niso bili izvedeni pod tržnimi pogoji.
The Commission notes that it has not received any document of MSR or CMHN which would demonstrate their prospects for viability.
Zagotovitev posojil podjetju v takih težavah, ki ga noben zasebni vlagatelj ne bi nikakor financiral, vključuje prednost za podjetje, ki je enaka znesku posojil.
On the basis of point 11 of the R&R Guidelines, the Commission considers MSR and CMHN to have been in difficulty already since 2007 and 2008, respectively, because they had minimal revenue, significant annual losses and mounting debt, which exceeded significantly their annual turnover.
Na kratko, zagotovitev posojil podjetju NG s strani zvezne dežele od 30. junija 2003 do 11. maja 2010 (glej seznam posojil v preglednici 5) vključuje pomoč v znesku 399805370 EUR.
The Commission does not agree to the argument of Germany that NG, MSR and CMHN were not in difficulty, because the construction of infrastructure and the organisation of Formula 1 and Superbike race events were carried out on behalf of the public sector and they cannot be therefore taken into account for analysis of their financial situation.
Zagotovitev posojila podjetju v takih težavah, ki ga noben zasebni vlagatelj ne bi nikakor financiral, vključuje prednost za podjetje, ki je enaka znesku posojila.
Firstly, the Commission finds that the construction of infrastructure for motorsport, leisure activities, accommodation and dining and the organisation of motorsport events are not special effects outside the regular business of NG, MSR and CMHN.
Zato je prednost, ki jo je podjetje NG 27. decembra 2007 zagotovilo podjetju MSR prek posojila v višini 300000 EUR, enaka 300000 EUR.
These were the core activities within the business remit of these companies.
Zato na podlagi točke 11 smernic za reševanje in prestrukturiranje meni, da je bilo podjetje CST v težavah, ko je prejelo vsakega od posojil v okviru ukrepa 5 (v obdobju 2008–2011, glej preglednico 6).
Even if both their shareholders and business management saw NG, MSR and CMHN as vehicles to keep the sport infrastructure in public ownership and to organise non-profitable sport events which would not be offered without the coverage of losses by the public funding, these shareholders and business management should not allow the development of liabilities in the non-efficient and loss-making manner demonstrated by the above financial data of these companies without a sound and realistic business plan.
Zagotovitev posojil podjetju v takih težavah, ki ga noben zasebni vlagatelj ne bi nikakor financiral, zlasti ker je podjetje CST pripadalo podjetju, ki je bilo samo v hudih finančnih težavah (NG), vključuje prednost za to podjetje, ki je enaka znesku posojil.
The above activities shall be therefore included in the financial assessment.
Zato je prednost, ki jo je podjetje NG od 27. avgusta 2008 do 18. aprila 2011 zagotovilo podjetju CST prek posojil v skupnem znesku 11032060 EUR, enaka skupnemu znesku posojil.
Secondly, the Commission considers that the fact that the construction of infrastructure for the said purpose and the organisation of motorsport events may well have contributed to NG, MSR and CMHN's difficulties does not in itself mitigate the finding that NG showed the usual signs of a firm being in difficulty already before the ‘Nürburgring 2009’ project was launched.
V zvezi s patronatsko izjavo Komisija ugotavlja, da jo je podjetje NG izdalo podjetju CST 23. decembra 2009 in se v njej zavezalo, da bo financiralo odplačilo finančnih obveznosti podjetja CST, ki jih to podjetje samo ni moglo odplačati.
A healthy firm would need to adapt its costs to such activities in order to survive.
Financiranje takih finančnih obveznosti bi se izvedlo prek posojil podjetja NG podjetju CST s 6-odstotno obrestno mero.
In the years 2008 and 2009, NG, MSR and CMHN had losses and increasing debt (increase by 537 % between 2002-2011, 4052 % between 2007-2011 and 443 % between 2008-2011, respectively).
Zaveza je vključevala tudi podreditev terjatev podjetja NG v zvezi z navedenimi posojili, ki jih je financiralo podjetje NG na podlagi patronatske izjave z dne 23. decembra 2009, ki je določala, da so zadevne terjatve podjetja NG do podjetja CST na zadnjem mestu na seznamu terjatev vseh upnikov do podjetja CST.
Although the Nürburgring 2009 project was implemented in 2010, the subsequent financial results of NG, MSR and CMHN indicate that their difficulties persisted.
V zvezi s tem Komisija meni, da se upnik v tržnem gospodarstvu ne bi zavezal k financiranju neodplačanih posojil podjetja v hudih težavah ali k podreditvi obstoječih terjatev do podjetja v hudih težavah, saj bi tak ukrep pomenil dejansko izgubo terjatev.
In light of the above, the Commission has reached the conclusion that NG, MSR and CMHN were firms in difficulty within the meaning of the R&R Guidelines at the time when measures 1 to 19 were provided, and that their difficulty was so severe that they would not find any financing in the market.
Na tej podlagi Komisija ugotavlja, da patronatska izjava, ki je vključevala navedeno zavezo za financiranje neodplačanih posojil in podreditev poznejših terjatev, pomeni prednost.
EXISTENCE OF STATE AID
Komisija meni tudi, da je patronatska izjava dodaten ukrep k posojilom iz obdobja 2008–2011 (glej uvodno izjavo 182), saj:
Article 107(1) TFEU provides that any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market.
ni bila odobrena hkrati z navedenimi posojili;
State resources and imputability
Znesek ukrepa je enak skupnemu znesku posojil, ki jih je podjetje NG financiralo na podlagi patronatske izjave z dne 23. decembra 2009, vendar Komisija nima informacij o ustreznem znesku.
Part of measure 1 (increases of own capital) taken by the Land and the district of Ahrweiler as well as another part of measure 1 (transfers to the capital reserve), measures 3, 9, 16 and 19 taken by the Land alone amount manifestly to State resources imputable to the State.
Nazadnje, Komisija v zvezi s podreditvijo terjatev ugotavlja, da sta se podjetji NG in CST o njej dogovorili 13. decembra 2010 in da se je glede na pogodbo nanašala na posojila, odobrena do 30. novembra 2010, v skupnem znesku 10,4 milijonov EUR (tj. prvih 13 od 15 posojil v preglednici 6).
For the measures carried out by NG (measures 2, 4, 5, 6, 7, 10, 12, 13, 14, 15 as regards the transfer of shares of MSR to NG, 17), Germany accepts explicitly that the resources are imputable to the State.
Poleg tega ugotavlja, da so se zaradi zadevne podreditve terjatve podjetja NG do podjetja CST premaknile na zadnje mesto na seznamu terjatev vseh upnikov do podjetja CST.
In this context, in the meeting of the supervisory board of 28 August 2005, its vice-president declared that the award of the project to private investors can take place only if the risk for the Land is small [139].
Zato ugotavlja, da podreditev pomeni prednost.
Also, in a workshop of the supervisory board on 20 December 2005, its vice-president stated that a decision about an investment of NG must be taken in the new cabinet after the elections in the parliament of the Land [140].
Meni tudi, da je podreditev iz leta 2010 dodaten ukrep k posojilom, na katerih temelji, saj:
Moreover, the government of the Land informed about the investment Erlebnisregion Nürburgring in the government declaration of 30 May 2006 and the Council of Ministers took note on 19 September 2006 of the intention of the supervisory board of NG to implement the project under substantial participation of a private third party [141].
odločitev o njej ni bila sprejeta hkrati z odločitvijo o povezanih posojilih;
In addition, the Ministry of Economy, Transport, Agriculture and Wine as well as the Finance Ministry of the Land provided on a continuous basis opinions, comments or instructions regarding the ‘Nürburgring 2009’ project [142], which was presented by the Land to the public on 2 December 2009.
Znesek ukrepa je enak skupnemu znesku podrejenih posojil, tj. 10,4 milijona EUR.
The Commission considers that also the loan granted by NG to MSR through PNG as an intermediary (measure 6) is a measure carried out by NG and thus imputable to the State.
Komisija v zvezi s plačilom podjetja NG podjetju IPC (ukrep 6) ugotavlja, da je računsko sodišče zvezne dežele ugotovilo, da preudaren podjetnik za izvedbo storitev ne bi izbral zadevnih podjetij in da podjetje NG ni dovolj skrbno preverilo prejšnjega dela navedenih podjetij, da bi ocenilo njihovo primernost in presodilo, ali so bili pogoji za financiranje projekta Nürburgring 2009, ki so jih ponudila ta podjetja, realni [160].
As regards the ISB loan (measure 8) and the rescheduling of interests (measure 18), Germany has acknowledged that the Land instructed ISB to grant the loan.
V zvezi s tem Komisija meni, da je izbira podjetja IPC za zagotovitev navedenih storitev pomenila prednost za navedena podjetja.
Concerning the loans granted by RIM to MSR through Mediinvest and PNG as an intermediaries (measure 11) and the transfer of shares of MSR to RIM (part of measure 15), the Commission notes that RIM is a public institution with the mission of supporting the Land's policy in economic and structural development [143].
Zato ukrep pomeni državno pomoč podjetju IPC v skupnem znesku plačil navedenim podjetjem, tj. 640000 EUR.
Therefore, for the purpose of the above-mentioned measures, ISB and RIM constitute instruments of the State in the application of its policy, which demonstrates the imputability of ISB and RIM's actions to the State insofar as these measures are concerned.
Zato je prednost, ki jo je podjetje NG zagotovilo podjetju MSR prek posojila z dne 15. oktobra 2008, enaka 2941000 EUR.
Resources imputable to the State are therefore involved in all the measures.
V okviru ukrepa 7 je podjetje MIB podjetju NG odstopilo svoje terjatve do podjetja CST, ki je prejelo zadevna posojila, podjetje NG pa je podjetju MIB plačalo nominalno ceno in obresti.
Economic activity
Ker je bilo podjetje CST v težavah (glej uvodno izjavo 184), Komisija ugotavlja, da ni verjetno, da bi podjetje MIB doseglo poravnavo svojih terjatev do podjetja CST.
By analogy with the Leipzig/Halle judgment [144], the construction of infrastructure can be considered an economic activity if it is intrinsically linked to a commercial exploitation of the infrastructure, which is the case here.
Zato je ta ukrep koristil podjetju MIB, saj so bile njegove terjatve poravnane, nadomestilo pa ga je podjetje NG, ki je postalo upnik podjetja v težavah.
The operation of sport facilities (including race tracks and off-road parks), leisure parks [145], accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, and cash free payment systems, and their lease to professional or non-professional users [146], are an economic activity for both the owner and operator.
Ker ni bilo načrta za uspešno poslovanje podjetja CST, ki bi prikazoval ponovno vzpostavitev uspešnega poslovanja tega podjetja in njegove možnosti za odplačilo dolgov, ta ukrep ni v skladu z načelom vlagatelja v tržnem gospodarstvu.
Consequently, the construction or renovation of infrastructure which is indissolubly linked to these activities is also an economic activity.
Zato odstop terjatev v višini 1476830,88, ki jih je podjetje MIB odstopilo podjetju NG, vključuje pomoč, ki je enaka znesku prodajne cene, tj. 1476830,88 EUR.
By contrast, non-economic activities include the use of a sport facility at the level of non-professional users [147] and the training of youngsters by professional sport clubs if accounts are separated from the accounts for the economic activities [148].
Kar zadeva ukrep 8 (posojilo v znesku 325265000 EUR, ki ga je banka ISB odobrila podjetjem NG, MSR in CMHN), bi lahko v odsotnosti povezanega poroštva (ukrep 9) zagotovitev posojila podjetjem v takih težavah, ki jih noben zasebni vlagatelj ne bi nikakor financiral, vključevala prednost za ta podjetja, ki bi bila enaka znesku posojil.
In view of the indissoluble link between the infrastructure and the economic activity for which it is used the construction, upgrade or operation of Nürburgring sport and tourism infrastructure are thus economic activities for the investors and operators, even if the revenues from the operation of the infrastructure do not cover the costs of its construction and if more than 90 % of sport activities at Nürburgring qualify as amateur sport.
Vendar v tem konkretnem primeru pomoč vključuje samo poroštvo (ukrep 9) in ne posojila (ukrep 8), saj Komisija ne more izključiti, da bi zasebni upnik podjetjem NG, MSR in CMHN odobril posojila pod primerljivimi pogoji zaradi poroštva zvezne dežele (ukrep 9).
The latter fact plays a role only at the level of users:
Ukrep 9, tj. poroštvo za posojilo banke ISB v višini 325265000 EUR (ukrep 8), ni bil v skladu z načelom vlagatelja v tržnem gospodarstvu.
non-professional users are not undertakings.
Javni organi uresničujejo politiko regionalnega razvoja, vlagatelji v tržnem gospodarstvu pa ne bi izvedli zadevnih ukrepov v korist podjetij v težavah, saj bi to močno škodilo njihovim finančnim interesom.
The organisation of Formula 1 or other motorsport races is a provision of services on the market of professional sport which considerably benefits from broadcasting rights.
Upravičenci so bili podjetja v težavah, poroštvo je pokrivalo 100 % posojila in ni bilo poroštvene premije za državo, ki bi temeljila na tveganju neplačila posojila s poroštvom.
Financing of Formula 1 or other motorsport events is not exempt from the remit of State aid law for the mere reason that they are run with a structural deficit or implement the objectives of regional policy.
Zaradi velikih finančnih težav upravičencev (NG, MSR in CMHN) ob odobritvi zadevnega poroštva (glej preglednice 11–13) Komisija meni, da noben upnik na trgu upravičencem ne bi dal poroštva pod navedenimi pogoji.
The Commission thus considers that Formula 1 and other motorsport racing is an economic activity.
Komisija nima informacij o tem, ali je bilo poroštvo uveljavljeno.
Promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes also qualify as economic activities.
Na podlagi navedenega meni, da ukrep 9 pomeni državno pomoč.
Selectivity
Zneski pomoči, ki so jih podjetja NG, MSR in CMHN prejela od zvezne dežele prek poroštva, so enaki zneskom pripadajočih posojil (ukrep 8), tj. 96574200 EUR in 113590800 EUR v primeru podjetja NG, 92000000 EUR v primeru podjetja MSR ter 23100000 EUR v primeru podjetja CMHN.
The Commission considers that the measures have a selective character at the level of the operator (NG for measures 1, 3, 8, 9, 13, 14, 16, 18 and 19; EWN, FSZ, MAN, TTI, BWN, BWNB, Camp4Fun for measure 2; MSR for measures 4, 5, 8, 9, 11, 12, 18 and 19; CST for measure 5; MIB for measure 7; CMHN for measures 8, 9, 18 and 19; NAG for measures 10 and 17; Mediinvest, Geisler & Trimmel and Weber for measure 15), as they reserve favourable treatment for that operator.
V zvezi z ukrepom 10 (poslovni najem kompleksa Nürburgring s strani podjetja NAG) Komisija ugotavlja, da lahko razpisni postopek na splošno izključi prednost za najemnika.
Distortion of competition and effect on trade
Preglednica 16
With regard to measures 1 to 19, there is a distortion of competition in the markets of the operation of race tracks, off-road parks, leisure parks, accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, cash free payment systems, promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes, since the aid to the Nürburgring infrastructure and the Formula 1 activities promotes the use of this infrastructure.
Najnižja najemnina za Nürburgring
The organisation of Formula 1 racing and other motorsport events promotes the access of customers to those events.
strokovno mnenje
The measures in question enabled NG, MSR and CMHN to continue operating so that they did not have to face, as other competitors having financial difficulties, the consequences normally deriving from their difficult financial results.
1,6 milijona EUR
This distorts competition as other companies active in the same markets need to operate without such State support.
12 milijonov EUR
As regards the effect on trade between Member States, Nürburgring with its Formula 1 and the German Touring Car Championship competes with other race tracks in the Union organising top motorsport competitions and it cannot be excluded that the Nürburgring leisure park could attract visitors from Belgium (its border with Germany is around 50 km far from the Nürburgring).
12,3 milijona EUR
It has to be recalled that a complaint has been received from the competing leisure park operator Eifelpark (cf. recital 2).
najemna pogodba
It can also not be excluded that there is an effect on trade between Member States in respect of the operation of off-road parks, accommodation facilities, restaurants, safety driving centres, driving schools, multifunctional halls, cash free payment systems, as well as in respect of promotion of tourism, project development, the construction of real property, business management and trade with cars or motor bikes.
0 EUR
Advantage
5 milijonov EUR
According to the settled practice of the Commission and as confirmed by the case law, the criterion for assessing whether a transaction between a public body and an undertaking amounts to State aid is the market economy investor principle [149].
11,5 milijona EUR
It follows from this principle that, when the State acts in a market as a commercial operator, it must do so in a way comparable to a private operator.
Komisija ugotavlja, da obstaja pomoč v znesku 9 milijonov EUR, tj. razlika med navedenima točkama (a) in (b) (za tretje leto se izračuna samo polovica navedene razlike, saj je najemna pogodba prenehala 31. oktobra 2012, tj. sredi tretjega leta) [162].
If the State does not do so, State aid could be involved.
V zvezi z ukrepom 11 (posojila, ki jih je podjetje RIM odobrilo podjetju MSR prek podjetja Mediinvest in v primeru enega posojila tudi prek podjetja PNG kot posrednika), s katerim se je financiral II. del projekta „Nürburgring 2009“, Nemčija sama navaja, da ni bilo mogoče najti zasebnih vlagateljev, ki bi financirali II. del projekta.
In other words, when the market economy investor principle is applicable, the benchmark for appreciating whether a transaction involves State aid is whether a private operator placed in a similar situation would have behaved in the same way.
Poleg tega je iz mnenja računskega sodišča zvezne dežele razvidno, da morebitni vlagatelji projekta niso šteli za izvedljivega pod tržnimi pogoji.
In applying this principle, non-economic considerations cannot be taken into account as reasons for granting support measures.
Več zasebnih upravljavcev zabaviščnih parkov je dejansko zavrnilo svoje sodelovanje v projektu.
As established by relevant jurisprudence, the provision of the measures by the State cannot be seen in isolation, but will have to be considered in the context of other aid measures [150]
Brez povezanega poroštva (ukrep 12) bi lahko zagotovitev posojila podjetjem v takih težavah, ki jih noben zasebni vlagatelj ne bi nikakor financiral, vključevala prednost za ta podjetja, ki bi bila enaka znesku posojil.