natgillin/translations-raw huggingface dataset:
The expected return on capital must be high enough to enable the restructured firm to compete in the marketplace on its own merits (point 37).
državno poroštvo iz leta 2010, ki ga je dodelil IVF za nakup delnic kluba Hercules CF;
During the formal investigation procedure, Spain submitted that the decision to grant measure 1 to Fundacion Valencia was based on a viability plan of May 2009.
državno poroštvo iz leta 2011, ki ga je dodelil IVF za nakup delnic kluba Elche CF;
In addition, the financial results forecasted by the viability plan were below a level which could be considered as adequate for the restoration of Valencia CF's long-term viability.
Komisija ugotavlja, da Španija prek plačila 4,9 milijona EUR državnih poroštev, ki jih je IVF leta 2013 dodelil v korist kluba Valencia CF, ni dodelila nove pomoči.
Indeed, as demonstrated in Table 6 above, the 2009 viability plan presented operating losses until the fiscal year ending in June 2013, i.e. in the 4 years following the granting of the 2009 State guarantee.
Pomoč ni združljiva z notranjim trgom, ker ne more biti odobrena kot pomoč za prestrukturiranje ali katera koli druga vrsta pomoči.
In addition, the operating profits forecasted for the fiscal years ending in June 2014 and June 2015 were at a very low operating margins, of 1 % and 4 % respectively.
Vrniti je treba naslednje zneske pomoči: klub Valencia CF 20,381 milijona EUR, klub Hercules CF 6,143 milijona EUR in klub Elche CF 3,688 milijona EUR –
Finally, as regards the club's forecasted earnings before taxes until the economic year ending in June 2015, the same analysis stands as for the operating results above, whereas the significantly high results of EUR 50,5 million in the fiscal year ending in June 2011 and EUR 154,8 million in June 2012 are not representative of the club's financial performance but constitute extraordinary results stemming from the sale of land plots.
SPREJELA NASLEDNJI SKLEP:
On the basis of the above, as regards return to viability, the Commission comes to the conclusion that the impact of the different measures is not duly quantified and viability is not foreseen at adequate levels under different scenarios.
Člen 1
Therefore, the Commission considers that the viability plan, even if it was considered as a genuine restructuring plan in the sense of the 2004 R&R Guidelines, was incomplete as to enable Valencia CF to restore its long-term viability within a reasonable timescale.
Španija je s kršenjem člena 108(3) Pogodbe o delovanju Evropske unije nezakonito izvajala naslednje ukrepe, ki so državna pomoč in niso združljivi z notranjim trgom:
As regards Hercules CF and Elche CF, the Commission notes that no plan related to the viability of any of those two clubs was submitted, therefore also in the case of those two clubs point 34 of the 2004 R&R Guidelines is not fulfilled.
Ukrep 1
Avoidance of undue distortions of competition (compensatory measures)
Državno poroštvo, ki ga je IVF 5. novembra 2009 dodelil za bančno posojilo fundaciji Fundación Valencia za vpis delnic kluba Valencia CF v okviru povečanja kapitala s strani kluba Valencia CF, v znesku 19,193 milijona EUR.
According to point 38 of the 2004 R&R Guidelines, compensatory measures must be taken in order to ensure that the adverse effects on trading conditions are minimised as much as possible.
Ukrep 2
These measures may comprise divestment of assets, reductions in capacity or market presence and reduction of entry barriers on the markets concerned (point 39).
Državno poroštvo, ki ga je IVF 26. julija 2010 dodelil za bančno posojilo fundaciji Fundación Hercules za vpis delnic kluba Hercules CF v okviru povečanja kapitala s strani kluba Hercules CF, v znesku 6,143 milijona EUR.
In this regard, the sale of assets used in loss-making activities which would at any rate be necessary to restore viability will not be considered as a reduction of capacity or market presence for the purpose of the assessment of the compensatory measures (point 40).
Ukrep 3
Spain proposes as compensatory measures for Valencia CF the sale of the club's most valuable players (see recital 41 above).
Državno poroštvo, ki ga je IVF 17. februarja 2011 dodelil za bančni posojili fundaciji Fundación Elche za vpis delnic kluba Elche CF v okviru povečanja kapitala s strani kluba Elche CF, v znesku 3,688 milijona EUR.
However, the Commission notes that the players sold were used in the club's loss-making activity, i.e. the participation in football competitions, therefore those sales cannot be considered as bringing a reduction of capacity or performance in Valencia's profitable areas of activity.
Ukrep 4
Furthermore, the Commission notes that the sale of the abovementioned players was rather necessary as restructuring measure for the viability of Valencia CF, as also implied in the latter's 2009 viability plan.
Povečanje poroštva, ki ga je IVF 10. novembra 2010 dodelil fundaciji Fundación Valencia, v znesku 1,188 milijona EUR za plačilo zapadle glavnice, obresti in stroškov posojila, zavarovanega z ukrepom 1.
Indeed, those sales were necessary for the club to recover, through the increase of revenues and the reduction of the high costs of expensive players.
Člen 2
Even if those sales could ultimately benefit a competitor, their primary aim was to enable the recovery of Valencia.
Španija dodeljeno nezdružljivo pomoč iz člena 1 izterja od kluba Valencia CF za ukrepa 1 in 4, kluba Hercules CF za ukrep 2 in kluba Elche CF za ukrep 3.
Therefore they cannot be considered as bringing any benefit to Valencia CF's competitors.
Za vsote, ki jih je treba izterjati, se od datuma, ko so bile dane na voljo upravičencem, do datuma dejanske izterjave zaračunajo obresti.
Against this background, the Commission considers the compensatory measures proposed by Spain not to be sufficient under the 2004 R&R Guidelines in order to ensure that the adverse effects on trading conditions resulting from the granting of aid to Valencia CF are minimised as much as possible.
Obresti se izračunajo z obrestnoobrestnim računom v skladu s poglavjem V Uredbe Komisije (ES) št. 794/2004 [38] in Uredbo Komisije (ES) št. 271/2008 [39] o spremembi Uredbe (ES) št. 794/2004.
As regards Hercules CF and Elche CF, the Commission notes that no compensatory measures related to any of those two clubs were submitted, therefore also in the case of those two clubs point 38 of the 2004 R&R Guidelines is not fulfilled.
Španija na dan sprejetja tega sklepa prekliče vsa neizvedena izplačila pomoči iz člena 1.
Aid limited to the minimum (own contribution)
Člen 3
According to point 43 of the 2004 R&R Guidelines, in order to limit the amount of aid to the strict minimum of the restructuring costs necessary, a significant contribution to the restructuring from the beneficiary's own resources is necessary.
Izterjava pomoči, navedene v členu 1, se izvede takoj in učinkovito.
This can include the sale of assets that are not essential to the firm's survival, or external financing at market conditions.
Španija zagotovi izvršitev tega sklepa v štirih mesecih od datuma uradnega obvestila o tem sklepu.
The own contribution must be real, i.e. actual, excluding all future profits such as cash flow (point 43 of the 2004 R&R Guidelines).
Člen 4
Inherently, the own contribution must not include any further State aid.
Španija v dveh mesecih po tem, ko je obveščena o tem sklepu, predloži naslednje informacije:
For large firms like Valencia CF [32], the Commission usually considers a contribution of at least 50 % of the restructuring costs to be appropriate.
skupni znesek (glavnica in obresti vračila), ki ga je treba izterjati od posameznega upravičenca;
However, in exceptional circumstances and in cases of particular hardship, the Commission may accept a lower contribution (point 44 of the 2004 R&R Guidelines).
podroben opis že sprejetih in načrtovanih ukrepov za uskladitev s tem sklepom;
In view of the total amount of the 2009 capital increase of EUR 92,4 million of Valencia CF, which can be considered as its restructuring cost, Spain proposes to consider as own contribution the private participations therein which reached the amount of EUR 18,8 million.
dokumente, ki dokazujejo, da se je od upravičencev zahtevalo vračilo pomoči.
However, the Commission notes that those private participations were equal to 20 % of the total restructuring costs.
Španija obvešča Komisijo o napredku nacionalnih ukrepov, sprejetih za izvajanje tega sklepa, dokler vračilo pomoči iz člena 1 ni izvedeno v celoti.
On this basis, the Commission considers that the private participations in the 2009 capital increase of Valencia CF are not sufficient to be acceptable as own contribution.
Na zahtevo Komisije takoj predloži informacije o že sprejetih in načrtovanih ukrepih za uskladitev s tem sklepom.
As regards Hercules CF and Elche CF, the Commission notes that measures 2 and 3 constituted 100 % of the financial sources of the respective capital injections into those clubs, therefore there was no private participation in those measures.
Zagotovi tudi podrobne informacije o zneskih pomoči in obrestih, ki so jih upravičenci že povrnili.
Therefore, the Commission considers that requirements of point 43 of the 2004 R&R Guidelines have not been fulfilled.
Člen 5
The ‘one time, last time’ principle
Ta sklep je naslovljen na Kraljevino Španijo.
Finally, the aid must respect point 72 of the 2004 R&R Guidelines, which provides that a company that has received rescue and restructuring aid in the past 10 years is not eligible for rescue or restructuring aid (the ‘one time, last time’ principle).
V Bruslju, 4. julija 2016
As regards Valencia CF, which benefitted from measures 1 and 4, Spain claims that measure 4 is only an increase of the existing guarantee by EUR 6 million, therefore it cannot be considered as a new guarantee and thus new State aid to Valencia CF.
Za Komisijo
However, the Commission notes that the abovementioned 2010 increase of the 2009 existing State guarantee was not foreseen or programmed from the beginning, when the 2009 State guarantee was granted, but had an ad hoc character since it was granted in order to cover the unexpectedly defaulted interest payment of 26 August 2010 of the guaranteed loan (see recital 10 above).
Članica Komisije
Therefore the Commission considers that measure 4 constitutes new State guarantee in favour of Valencia CF and is separable from measure 1.
UL C 69, 7.3.2014, str. 99.
Since Valencia CF benefited twice from restructuring aid in a period of 10 years, i.e. in 2009 and 2010, when it received the 2009 State guarantee and the 2010 increase of the previous (2009) guarantee, the Commission concludes that the ‘one time, last time’ principle is not respected in relation to measure 4, granted in favour of Valencia CF.
Glej opombo 1.
Conclusion
Provizija, ki jo posojilodajalec zaračuna posojilojemalcu za neuporabljeno kreditno linijo ali neizplačan delež posojila.
In view of the above, the Commission finds that the 2009 State guarantee and its 2010 increase in favour of Valencia CF, the 2011 State guarantee in favour of Hercules CF and the 2011 State guarantee in favour of Elche CF were granted in breach of Article 108(3) TFEU.
V letnem poročilu kluba Valencia CF iz junija 2012 je navedeno, da klub Valencia CF spada v skupino družb, katerih matična družba ali holding je fundacija Fundacion Valencia.
The Commission also considers that the measures do not meet the conditions required by the 2004 R&R Guidelines.
Zaupni podatki.
The Commission hence considers the aid not compatible with the internal market.
UL C 155, 20.6.2008, str. 10.
Recovery
UL C 244, 1.10.2004, str. 2.
According to the TFEU and the Court's established case-law, the Commission is competent to decide that the Member State concerned must abolish or alter aid when it has found that it is incompatible with the internal market [33].
Zlasti: (a) osma dodatna določba zakona št. 7/1990 vlade Generalitat Valenciana z dne 28. decembra 1990 o proračunih za leto 1991, s katerim je bil ustanovljen IVF, in (b) zakonska uredba Sveta Valencie z dne 26. junija 1991, s katero je bil spremenjen zakon vlade Generalitat Valenciana o javnih financah.
The Court has also consistently held that the obligation on a Member State to abolish aid regarded by the Commission as being incompatible with the internal market is designed to re-establish the previously existing situation [34].
Odločba Komisije z dne 12. maja 2004 v zadevi C 40/00, uvodna izjava 120, sodba Sodišča z dne 20. septembra 2001 v zadevi C-390/98, točki 77 in 78, in sodba Sodišča z dne 8. maja 2003 v zadevah C-328/99 in C-399/00, točka 83.
In this context, the Court has established that this objective is attained once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to the payment of the aid is restored [35].
Podatki, ki jih je predložil klub Valencia CF: (a) skupna čista vrednost (nakupni stroški minus letna amortizacija) igralcev kluba Valencia CF, kot je razvidna iz zaključnega računa za leto 2008/09, je bila 95,7 milijona EUR; (b) ocenjena skupna tržna vrednost igralcev kluba Valencia CF je bila junija 2009 približno 235,7 milijona EUR in (c) v poslovnem letu, ki se je končalo junija 2010, so bili igralci prodani za 78,7 milijona EUR (za podpise novih pogodb pa je bilo skupaj porabljenih 14,5 milijona EUR).
In line with the case-law, Article 16(1) of Council Regulation (EU) 2015/1589 [36] laid down that ‘where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary […].’
UL C 16, 22.1.2009, str. 1.
Thus, given that the measures at hand were not notified to the Commission in violation of Article 108 TFEU and are, therefore, to be considered as unlawful and incompatible aids, they must be recovered in order to re-establish the situation that existed on the market prior to their granting.
Zadeva C-482/99, Francija proti Komisiji (Stardust Marine), Recueil 2002, str.
Recovery should cover the time from when the advantage accrued to the beneficiary, that is to say when the aids were put at the disposal of the beneficiary, until effective recovery, and the sums to be recovered should bear interest until effective recovery.
I-4397.
The Commission notes that Valencia CF has submitted that (see recital 41 letter (b) above), since the ownership of Valencia CF was transferred in the context of an open and competitive tendering procedure, the aid element (if any) would have been reflected in the market price and included in the purchase price and that therefore it is the seller of the shares that keeps the benefit of the aid.
Zadeva C-200/97, Ecotrade, EU:C:1998:579, točka 41, ter združeni zadevi C-399/10 P in C-401/10 P, Bouygues in Bouygues Télécom proti Komisiji in drugi, EU:C:2013:175, točke 137 do 139.
According to Valencia CF, in the light of the above, the aid amount of the State guarantee would be recovered from the seller Fundacion Valencia.
http://www.ivf.gva.es/en/informacion-institucional.
The Commission considers that, as explained in recitals 47-48 above, since it was the club that ultimately benefitted from measures 1 and 4, with the 2014 sale, the aid was transferred also to the new Valencia CF owner.
Stardust Marine, točka 56; Air France, točka 58.
The Commission notes that Elche CF and Hercules CF are currently subject to collective insolvency proceedings (see recitals 18 and 20 above).
Sodba z dne 22. marca 1977 v zadevi C-78/76, Steinike & Weinlig proti Zvezni republiki Nemčiji, točki 17 in 18.
In line with a well-established case-law, the fact that a beneficiary is insolvent or subject to bankruptcy proceedings has no effect on its obligation to repay unlawful and incompatible aid [37].
Sodba z dne 15. julija 2004 v zadevi C-345/02, Pearle BV in drugi proti Hoofdbedrijfschap Ambachten, točka 37.
CONCLUSION
Glej sodbo Sodišča v zadevi C-222/04, Cassa di Risparmio di Firenze in drugi.
The Commission concludes that Spain has unlawfully implemented aid to the sum of EUR 30,212 million in breach of Article 108(3) TFEU, in the form of:
Odločba Komisije 2008/716/ES z dne 2. aprila 2008 o državni pomoči C 38/07 (ex NN 45/07) Francije za Arbel Fauvet Rail SA (UL L 238, 5.9.2008, str. 27), Sklep Komisije 2012/541/EU z dne 22. februarja 2012 o državni pomoči SA.26534 (C 27/10, ex NN 6/09), ki jo je Grčija odobrila podjetju Enómeni Klostoÿfantourgía (United Textiles) AE (UL L 279, 12.10.2012, str. 30), Sklep Komisije 2014/539/EU z dne 27. marca 2014 o državni pomoči SA.34572 (13/C) (ex 13/NN), ki jo je Grčija odobrila družbi Larco General Mining & Metallurgical Company S.A.
The 2009 State guarantee granted by IVF for the purchase of shares in Valencia CF.
(UL L 254, 28.8.2014, str. 24).
The 2010 State guarantee granted by IVF for the purchase of shares in Hercules CF.
Združeni zadevi T-102/07, Freistaat Sachsen in drugi proti Komisiji, ter T-120/07, MB Immobilien Verwaltungs in MB System proti Komisiji, ZOdl.
The 2011 State guarantee granted by IVF for the purchase of shares in Elche CF.
2010, str.
The 2010 increase of the 2009 State guarantee granted by IVF to cover an increase of the existing 2009 loan for the purchase of shares in Valencia CF.
II-585.
The Commission concludes that Spain has not granted new aid through the 2013 payment of EUR 4,9 million of the State guarantees granted by IVF in favour of Valencia CF.
https://www.standardandpoors.com/en_US/web/guest/article/-/view/sourceId/504352.
The aid is not compatible with the internal market since it cannot be authorised as restructuring aid or any other type of aid.
„Dolžnik z bonitetno oceno C je trenutno nagnjen k neplačevanju, ki bi povzročilo bonitetno oceno izdajatelja SD ali D, in je odvisen od ugodnih poslovnih, finančnih in gospodarskih razmer, da lahko izpolnjuje svoje finančne obveznosti.“
The amounts to be recovered are EUR 20,381 million from Valencia CF, EUR 6,143 million from Hercules CF and EUR 3,688 million from Elche CF,
„Dolžnik z bonitetno oceno R je zaradi svojega finančnega položaja pod regulativnim nadzorom.
HAS ADOPTED THIS DECISION:
Med trajanjem regulativnega nadzora imajo lahko regulativni organi pristojnost, da dajo prednost eni vrsti obveznosti pred drugo ali izberejo plačilo nekaterih obveznosti, drugih pa ne.“
Article 1
„Dolžnik z bonitetno oceno SD (selective default – izpolnjevanje nekaterih obveznosti) ali D ni plačal ene ali več svojih finančnih obveznosti (ocenjenih ali neocenjenih), razen hibridnih instrumentov, ki so razvrščeni kot regulativni kapital ali niso plačani v skladu s pogoji, ob zapadlosti.
The following measures constitute State aid that was unlawfully put into effect by Spain in breach of Article 108(3) of the Treaty on the Functioning of the European Union and that are incompatible with the internal market:
Za dolžnika se šteje, da ne izpolnjuje obveznosti, razen če agencija Standard & Poor's meni, da bodo ta plačila izvedena v morebitnem določenem obdobju odloga.
Measure 1
Vendar se bo vsako določeno obdobje odloga, daljše od petih poslovnih dni, štelo kot pet poslovnih dni.
The State guarantee granted by IVF on 5 November 2009 for a bank loan to Fundación Valencia for the subscription of shares in Valencia CF, in the context of the capital increase by Valencia CF, in the amount of EUR 19,193 million.
Bonitetna ocena D se dodeli, kadar agencija Standard & Poor's meni, da bo neizpolnjevanje obveznosti pomenilo splošno neizpolnjevanje obveznosti in da dolžnik ne bo plačal nobenih ali skoraj nobenih svojih obveznosti, ko zapadejo.
Measure 2
Bonitetna ocena SD se dodeli, kadar agencija Standard & Poor's meni, da dolžnik ni izpolnil obveznosti v zvezi s posebno zadevo ali ene vrste obveznosti, razen hibridnih instrumentov, ki so razvrščeni kot regulativni kapital, vendar bo še naprej pravočasno izpolnjeval svoje plačilne obveznosti v zvezi z drugimi zadevami ali druge vrste obveznosti.
The State guarantee granted by IVF on 26 July 2010 for a bank loan to Fundación Hercules for the subscription of shares in Hercules CF, in the context of the capital increase by Hercules CF, in the amount of EUR 6,143 million.
Bonitetna ocena dolžnika se zniža na D ali SD, če ta izvaja ponudbo za zamenjavo problematičnih obveznosti (distressed exchange).“
Measure 3
Ta bonitetna kategorija se nanaša na družbe, katerih plačilna sposobnost je odvisna od trajno ugodnih razmer, in glede na lestvico bonitetnih ocen agencije Standard & Poor's obsega bonitetne ocene CCC+, CCC in CCC– ter CC.
The State guarantee granted by IVF on 17 February 2011 for two bank loans to Fundación Elche for the subscription of shares in Elche CF, in the context of the capital increase by Elche CF, in the amount of EUR 3,688 million.
Sporočilo Komisije o spremembi metode določanja referenčnih obrestnih mer in diskontnih stopenj (UL C 14, 19.1.2008, str. 6).
Measure 4
Glej http://ec.europa.eu/competition/state_aid/legislation/base_rates_eu27_en.pdf.
The increase granted by IVF on 10 November 2010 to Fundación Valencia, in the amount of EUR 1,188 million for the payment of overdue capital, interest and costs of the loan guaranteed by measure 1.
Glej opombo 27.
Article 2
Zadeva C-364/90, Italija proti Komisiji, točka 20.
Spain shall recover the incompatible aid granted and as referred to in Article 1 from the Valencia CF for Measures 1 and 4, Hercules CF for Measure 2, and Elche CF for Measure 3.
UL C 83, 7.4.2009, str. 1.
The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiaries until their actual recovery.
V skladu s Priporočilom Komisije z dne 6. maja 2003 o opredelitvi mikro-, malih in srednje velikih podjetij (UL L 124, 20.5.2003, str. 36) kategorijo mikro-, malih in srednjih podjetij (MSP) sestavljajo podjetja, ki zaposlujejo manj kot 250 oseb in dosegajo letne prihodke v višini največ 50 milijonov EUR in/ali katerih letna bilančna vsota skupaj ne presega 43 milijonov EUR.
The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 [38] and with Commission Regulation (EC) No 271/2008 [39] amending Regulation (EC) No 794/2004.
Poleg tega so podatki glede števila zaposlenih in finančnih zneskov podatki, ki se navezujejo na zadnje potrjeno obračunsko obdobje in se izračunajo na letni osnovi.
Spain shall cancel all outstanding payments of the aid referred to in Article 1 with effect from the date of adoption of this decision.
Glej zadevo C-70/72, Komisija proti Nemčiji, Recueil 1973, str. 813, točka 13.
Article 3
Glej združene zadeve C-278/92, C-279/92 in C-280/92, Španija proti Komisiji, Recueil 1994, str.
Recovery of the aid referred to in Article 1 shall be immediate and effective.
I-4103, točka 75.
Spain shall ensure that this Decision is implemented within 4 months following the date of notification of this Decision.
Glej zadevo C-75/97, Belgija proti Komisiji, Recueil 1999, str.
Article 4
I-030671, točki 64 in 65.
Within 2 months following notification of this Decision, Spain shall submit the following information:
Uredba Sveta (EU) 2015/1589 z dne 13. julija 2015 o določitvi podrobnih pravil za uporabo člena 108 Pogodbe o delovanju Evropske unije (UL L 248, 24.9.2015, str. 9).
the total amount (principal and recovery interests) to be recovered from each beneficiary;
Zadeva C-42/93, Španija proti Komisiji (Merco), Recueil 1994, str.
documents demonstrating that the beneficiaries have been ordered to repay the aid.
Uredba Komisije (ES) št. 794/2004 z dne 21. aprila 2004 o izvajanju Uredbe Sveta (EU) 2015/1589 o določitvi podrobnih pravil za uporabo člena 108 Pogodbe o delovanju Evropske unije (UL L 140, 30.4.2004, str.
Spain shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.
1).