natgillin/translations-raw huggingface dataset:
Those airports' prices consequently tend not to be determined with regard to market considerations and in particular sound ex ante profitability prospects, but essentially having regard to social or regional considerations.
Komisija zato meni, da sporazuma obstajata neodvisno drug od drugega in da je treba donosnost vsakega posameznega spremnega pisma oceniti ločeno, v času njegovega dogovorjenega trajanja.
Even if some airports are privately owned or managed without social or regional considerations, the prices charged by those airports can be strongly influenced by the prices charged by the majority of publicly subsidised airports as the latter prices are taken into account by airlines during their negotiations with the privately owned or managed airports.
Sodišče je v sodbi Stardust Marine odločilo, da je „[…] za preveritev vprašanja, ali je država ravnala kot preudaren vlagatelj, ki deluje pod pogoji tržnega gospodarstva, potrebna umestitev v obdobje, v katerem so bili sprejeti ukrepi finančne podpore, da se oceni gospodarska racionalnost ravnanja države in s tem prepreči kakršna koli ocena na podlagi poznejših razmer“.
In those circumstances, the Commission has strong doubts that at the present time, an appropriate benchmark can be identified to establish a true market price for services provided by airports.
Za namene presoje obravnavanih sporazumov je zato treba obstoj in znesek morebitne pomoči v sporazumih oceniti ob upoštevanju prevladujočih okoliščin v času sklenitve sporazumov ter, natančneje, ob upoštevanju informacij, ki so bile takrat na voljo, in razvoja, ki ga je bilo mogoče takrat predvideti.
This situation may change or evolve in the future […]’.
Ocena spremnega pisma št. 1
Moreover, as the Union courts have recalled, benchmarking by reference to the sector concerned is merely one analytical tool amongst others to determine if a beneficiary has received an economic advantage which it would not have obtained in normal market conditions.
V skladu s sodbo v zadevi Charleroi mora Komisija pri oceni zadevnih ukrepov upoštevati tudi vse pomembne značilnosti ukrepov in njihovo ozadje.
As such, while the Commission may use that approach, it is not obliged to do so where, as in this case, it would be inappropriate.
Ugotoviti je treba, ali je letališče pri sklepanju dogovora z letalskim prevoznikom v celotnem obdobju trajanja dogovora zmožno pokriti vse stroške, ki izhajajo iz takega dogovora, in sicer z razumno stopnjo dobička na podlagi dobrih srednjeročnih obetov .
Ryanair essentially argued that the MEO test can be applied based on a comparison with the commercial arrangements of other European airports.
To se meri z razliko med dodatnimi prihodki, za katere se pričakuje, da bodo ustvarjeni s sporazumom, in dodatnimi stroški, ki bi nastali zaradi pogodbe, od tako pridobljenih denarnih tokov pa se odšteje ustrezna diskontna stopnja.
In particular, it compared charges paid by Ryanair at Bournemouth, Grenoble, Knock, Maastricht, Nîmes and Prestwick airports with the charges paid by Ryanair under the agreements at Lübeck airport.
Ta pristop je utemeljen z dejstvom, da ima lahko upravljavec letališča objektiven interes za sklenitev transakcije z letalskim prevoznikom, ne glede na kakršno koli primerjavo s pogoji, ki jih letalskim prevoznikom ponujajo drugi upravljavci letališč, ali celo s pogoji, ki jih isti upravljavec letališča ponuja drugim letalskim prevoznikom.
However, this comparison study did not assess whether the sample of benchmark airports fulfilled all the criteria spelled out in the 2014 Aviation Guidelines, as it only assessed traffic volumes, type of airport traffic and prosperity of the surrounding area.
Komisija v zvezi s tem ugotavlja tudi, da so cenovne razlike standardna poslovna praksa.
In recital 296 of its 2012 Opening Decision, the Commission compared the charges laid down in the 2010 Side Letters with the charges at Hamburg airport, which led to doubts as to the market conformity of the charges laid down in the 2010 Side Letters.
Vendar bi morale biti take politike razlikovanja cen poslovno upravičene.
The Commission notes that traffic volume in Lübeck was much lower than in Hamburg airport.
Pri oceni dodatne donosnosti sporazuma je primerno upoštevati le dodatne stroške in prihodke, ki so nastali v času trajanja sporazuma, tj. od 28. marca do 30. oktobra 2010.
In fact, Hamburg was the airport with the most traffic in northern Germany.
Ker bi se sporazum iz leta 2000 iztekel maja 2010, Komisija meni, da je to smiselno.
Hamburg was used for all segments of air transport, whereas Lübeck was specialised in low-cost carriers which required fewer check-in counters and facilities for transfer passengers, no passenger buses, less baggage-handling personnel and facilities, less cleaning personnel, and allowed for a shorter turnaround time.
Analiza dodatnih stroškov in koristi, ki jo je izvedla družba Oxera, temelji na podatkih te spremenjene in popravljene različice poslovnega načrta z dne 10. marca 2010, saj je bil pripravljen bližje datumu podpisa sporazumov iz leta 2010.
Consequently, Hamburg airport was not sufficiently comparable to Lübeck airport.
Načrt zajema tri scenarije:
In the light of those considerations, the Commission takes the view that the approach generally recommended in the 2014 Aviation Guidelines for applying the MEO test to relationships between airports and airlines, namely the ex ante incremental profitability analysis, must be applied to this case.
najugodnejši scenarij: predpostavlja se, da se bo promet v zadevnem obdobju precej povečal zaradi pričakovanja, da bo družba Ryanair na letališču vzpostavila bazo.
Timeframe of the assessment
Zato je v načrtu predvideno povečanje prihodkov iz neletalskih dejavnosti in razširitev neletalskih storitev,
The Commission considers that the appropriate timeframe for assessing the profitability of arrangements between airports and airlines is typically the time horizon of the agreement itself.
vmesni scenarij: predvideva se, da se bo poslovanje nadaljevalo kot prej, tj. v skladu s podatki, razpoložljivimi za leto 2010, tj. leto poslovnega načrta, in
As airlines are able to adapt their operations in a short timeframe and as the specific contents of possible future agreements usually cannot be predicted, a private airport operator would usually not assume that the specific terms of an agreement will continue beyond its agreed duration.
najslabši scenarij: predvideva se, da se bo letališče zaprlo do leta 2012, pri čemer se bo med letoma 2010 in 2011 število potnikov zmanjševalo.
Furthermore, their content differs in so far as only Side Letter No 1 contains an additional marketing payment of considerable size connected to a temporary marketing event.
Ob upoštevanju pozitivnega izida javnega glasovanja dne 25. aprila 2010, s katerim so se zagotovile dodatne naložbe za letališče (glej uvodno izjavo 16), le en mesec po sklenitvi spremnega pisma št. 1, je po mnenju Komisije predpostavka, da sta obe strani pričakovali nadaljnje delovanje letališča, upravičena.
The Court of Justice declared in the Stardust Marine judgment that, ‘[…] in order to examine whether or not the State has adopted the conduct of a prudent investor operating in a market economy, it is necessary to place oneself in the context of the period during which the financial support measures were taken in order to assess the economic rationality of the State's conduct, and thus to refrain from any assessment based on a later situation. ’
Iz preglednice 2 je razvidno, da se je za prihodke, ki izhajajo iz spremnega pisma št. 1, pričakovalo, da bodo presegli dodatne stroške, s čimer bi nastal letni presežek v višini […] EUR v zadevnem scenariju, kot ga je izračunala družba Oxera.
For the purpose of assessing the agreements in question, both the existence and the amount of possible aid in the agreements therefore have to be assessed in the light of the situation prevailing at the time they were signed and, more specifically, in the light of the information available and developments foreseeable at the time.
Preglednica 2
Assessment of Side Letter No 1
Analiza dodatne donosnosti spremnega pisma št. 1
According to the Charleroi judgment, when assessing the measures in question, the Commission has to take into account all the relevant features of the measures and their context.
Vir: poročilo družbe Oxera, Odziv na zahtevo Evropske komisije, 6. oktober 2017.
It needs to be established whether, when setting up an arrangement with an airline, the airport is capable of covering all the costs stemming from the arrangement, over the duration of the arrangement, with a reasonable profit margin on the basis of sound medium-term prospects .
Analiza donosnosti spremnega pisma št. 1 k sporazumu o storitvah zračnega prevoza med letališčem Lübeck in družbo Ryanair
This is to be measured by the difference between the incremental revenues expected to be generated by the agreement and the incremental costs expected to be incurred as a result of the agreement, the resulting cash flows being discounted with an appropriate discount rate.
Opomba:
The Commission also notes in this context that price differentiation is a standard business practice.
Diskontna stopnja v uporabi
Such differentiated pricing policies should, however, be commercially justified.
Stopnja rasti
When assessing the incremental profitability of the agreement, it is appropriate to take only into account the incremental costs and revenues generated over the duration of the agreement, that is to say from 28 March to 30 October 2010.
Trajanje pogodbe
In line with this approach, Oxera provided an ex ante calculation of the incremental profitability of the 2010 Side Letters.
leta
In its calculations, Oxera takes into account all incremental traffic, and all costs and revenues relating to Ryanair's operation at Lübeck airport.
Verjetnost podaljšanja pogodbe
As the 2000 Agreement would have ended in May 2010, the Commission finds this to be sound.
Trženje družbe AMS (2 = vključuje najugodnejši primer, 1 = vključuje osnovni primer, 0 = izključuje)
The Oxera analysis is based on the terms of the agreements between FLG and Ryanair, actual financial data of FLG, as well as ex ante projections from a business plan submitted by Germany, drawn up by FLG on 10 March 2010.
n. r.
This business plan covers the ex ante passenger numbers as well as the expected costs and revenues of Lübeck airport for the period 2010 to 2015.
Spremno pismo št. 1
The business plan was originally prepared in December 2009 and then later revised by adjusting the traffic scenario from the original plan downwards and by adding two additional scenarios.
Spremno pismo št. 1 veljavno od
Oxera's analysis of incremental costs and revenues is based on the data of this revised version of the business plan dated 10 March 2010, as it was drawn up closer to the date of signing the 2010 Agreements.
Datum
The plan distinguishes between three scenarios:
Spremno pismo št. 1 veljavno do
Best case: the assumption is that traffic will increase significantly over the period due to the expectation that Ryanair will establish a base at the airport.
Del leta 2010, v katerem je veljal ta rabat
Consequently, the plan assumes an increase of non-aeronautical revenues and an expansion of non-aeronautical services,
Del leta 2010, ko je veljal sporazum, v katerem je veljal ta rabat
Middle case: it is assumed that business will continue as before, namely in line with the data available for 2010, the year of the business plan, and
Plačila za trženje
Worst case: it is assumed that the airport will close by 2012, with passenger numbers declining during 2010 and 2011.
Rabat za trženje na izkrcanega potnika pri 17 obračanjih na teden ali manj:
While in the best-case scenario, the passenger numbers increase from […] in 2010 to […] in 2013 and lead to a corresponding increase of revenues, the passenger numbers stagnate in the middle-case scenario at […], in line with the expected numbers for 2010.
Rabat za trženje na izkrcanega potnika pri 18 obračanjih na teden ali več:
In the worst-case scenario, the passenger numbers drop rapidly in 2011 and any airport operations cease in 2012.
Mejno število obračanj na teden
For the purpose of analysing the 2010 Agreements, Oxera found it not appropriate to adopt the worst-case projections of the business plan, as this scenario assumed that the public vote of the citizens of Hansestadt Lübeck in 2010 would decide in favour of closing the airport.
Premik v letalskem prometu
Considering the positive outcome of the public vote ensuring further investments for the airport on 25 April 2010 (see recital 16) only one month after concluding Side Letter No 1, the Commission finds the assumption reasonable that both parties expected the airport to continue operations.
Rabat za trženje iz spremnega pisma št. 1 (EUR/izkrcanega potnika)
To ensure that the approach is conservative, Oxera based its analysis primarily on FLG's projections for the middle-case scenario.
Število obračanj družbe Ryanair na letni podlagi
Table 2 shows that the revenues stemming from the Side Letter No 1 were expected to exceed the incremental costs, leading to an annual surplus of EUR […] in the scenario calculated by Oxera.
Število obračanj družbe Ryanair na teden
Table 2
Rabat za trženje (EUR/izkrcanega potnika)
Incremental profitability analysis of Side Letter No 1
Donosnost
Source: Oxera report, Response to the European Commission's request, 6 October 2017
Izkrcani potniki družbe Ryanair
Profitability analysis of Side Letter 1 to Airport Service Agreement between Lübeck and Ryanair
Izkrcani potniki skupaj
Note:
Prihodki
Units
Stroški za varnost potnikov
Discount rate in use
Stroški oskrbe na ploščadi
Growth rate
EUR/obračanje
Contract length
Pristojbina za potniške storitve
years
Letališka pristojbina za varnost
Probability of contract renewal
Prihodki iz letalskih dejavnosti
AMS marketing (2 = include upper case, 1 = include base case, 0 = exclude)
v tisoč EUR
n/a
Prihodki iz neletalskih dejavnosti
Side Letter 1
Prihodki skupaj
Side Letter 1 effective until
Trženje
Proportion of 2010 in which this rebate was effective
Trženje družbe AMS
Proportion of 2010 when agreement was in force in which this rebate was effective
Amortizacija
Marketing Payments
Stroški skupaj
Per Dpax marketing rebate if 17 or fewer turnarounds per week:
Neto denarni tok
Per Dpax marketing rebate if 18 or more turnarounds per week:
Končna vrednost
Cut-off number of turnarounds per week
Denarni tokovi skupaj
ATM
Število let, v katerem zapade denarni tok
Marketing rebate from Side Letter 1 (EUR per DPAX)
Diskontni faktor
Ryanair turnaround annualised
Neto sedanja vrednost
Ryanair turnaround per week
v milijonih EUR
Marketing rebate (EUR per DPAX)
Sporazuma iz leta 2010 ne določata posebnega cilja glede prometa za družbo Ryanair, zato napoved glede letališkega prometa izvira iz napovedi družbe FLG za leto 2010, kot je izražena v vmesnem scenariju iz poslovnega načrta.
Profitability
Delež prometa družbe Ryanair na letališču naj bi ostal pri 91 %, kar odraža povprečno raven treh let pred podpisom spremnega pisma št. 1.
Ryanair DPAX
Obračanja družbe Ryanair so se izračunala ob predpostavki 189 razpoložljivih sedežev na zrakoplov in 80-odstotnega koeficienta zasedenosti.
Total DPAX
To je v skladu s koeficientom zasedenosti družbe Ryanair v letu 2010, ki je bil takrat glede na letno in finančno poročilo družbe Ryanair za leto 2010 81- do 82-odstoten.
Ryanair ATMs
Pričakovano dodatno število potnikov v času trajanja sporazuma se je izračunalo na podlagi predvidenega števila letov in je bilo prilagojeno glede na trajanje spremnega pisma št. 1.
Total ATMs
Ker v vmesnem scenariju iz poslovnega načrta rast števila potnikov ni predvidena, napovedi iz tega scenarija pa temeljijo na že obstoječih informacijah za leto 2010, in ob ugotovitvi, da je predvideno število manjše od dejanskih podatkov glede prometa v preteklem letu 2009, Komisija meni, da je ta pristop smiseln.
Revenues
Poleg tega Komisija ugotavlja, da analiza občutljivosti, ki jo je izvedla družba Oxera, kaže, da tudi pri uporabi dejanskih naknadnih podatkov družbe Ryanair o številu potnikov dobljena neto sedanja vrednost ostane pozitivna pri […] EUR.
Passenger security charge
V skladu s prakso Komisije, da se oceni, ali je dogovor, ki ga je letališče sklenilo z letalskim prevoznikom, skladen s preskusom udeleženca v tržnem gospodarstvu, je treba upoštevati pričakovane prihodke iz neletalskih dejavnosti letalskega prevoznika in letališke pristojbine brez vseh znižanj, podpore za trženje ali shem spodbud (v nadaljnjem besedilu: pristop enojnega obračunavanja).
Ramp handling charges
Zato dodatni prihodki, ki bi jih udeleženec v tržnem gospodarstvu razumno pričakoval na podlagi sporazuma, vključujejo:
EUR TA
prihodke od letalskih dejavnosti potniškega prometa in pristajalnih pristojbin, ki jih plačuje družba Ryanair, in
Passenger service fee
prihodke iz neletalskih dejavnosti, na primer, od parkirišč, franšiznih trgovin ali pa neposredno upravljanih prodajaln.
Airport security charge
Družba Oxera upošteva prihodke od letalskih dejavnosti na potnika od letaliških pristojbin, določenih v spremnem pismu št. 1 v povezavi s sporazumom iz leta 2000, in jih pomnoži z ustreznim številom potnikov.
Aeronautical revenues
V skladu s prakso Komisije so bile pristojbine za varnost izključene iz analize, saj jih je družba FLG prenesla na pristojni javni organ.
EUR '000s
Družba Oxera je navedla, da bi lahko letališče na podlagi spremnega pisma št. 1 pričakovalo prihodke od letalskih dejavnosti v višini […] EUR.
Non-aeronautical revenues
Komisija meni, da je ta rezultat smiseln.
Total Revenue
Prihodki iz neletalskih dejavnosti na potnika so se izračunali na podlagi vmesnega scenarija iz poslovnega načrta družbe FLG.
Costs
V skladu z napovedmi za leto 2010 je v zadevnem scenariju predvideno, da bodo prihodki iz neletalskih dejavnosti ostali pri približno […] prihodkov iz letalskih dejavnosti.
OPEX
Vključujejo na primer prihodke od prodajaln in restavracij ter prihodke od parkirišč.
Marketing
Družba Oxera ocenjuje, da prihodki iz neletalskih dejavnosti znašajo […] EUR.
AMS marketing
Kar zadeva izračun dodatnih stroškov, je treba v skladu s prakso Komisije upoštevati vse stroške, ki jih ima letališče v zvezi z dejavnostjo letalskega prevoznika na letališču.
Depreciation
Taki dodatni stroški lahko obsegajo vse kategorije odhodkov ali stroške trženja, npr. dodatne stroške za zaposlene in opremo, nastale zaradi navzočnosti letalskega prevoznika na letališču.
Total costs
V skladu s prakso Komisije se stroški, ki bi jih letališče moralo kriti v vsakem primeru in ne glede na dogovor z letalskim prevoznikom, ne smejo upoštevati pri preskusu udeleženca v tržnem gospodarstvu.
Net cash flow
Družba Oxera v skladu s tem pristopom upošteva dodatne operativne stroške in stroške trženja.
Terminal Value
Stroški trženja izhajajo iz sporazuma iz leta 2000 ter so ohranjeni v spremnem pismu št. 1 in povečani za plačila za trženje med obdobjem veljavnosti spremnega pisma št. 1 od 28. marca do 30. oktobra 2010:
Total cash flows
Preglednica 3
Number of years when cash flow is due
Seznam plačil za trženje na odhajajočega potnika iz spremnega pisma št. 1
Discount factor
Plačila za trženje na odhajajočega potnika v primeru:
NPV
manj kot 18 obračanj na teden
EUR m
18 obračanj na teden ali več
As the 2010 Agreements do not stipulate a specific traffic target for Ryanair, the forecast of airport traffic stems from FLG's projections for the year 2010, as expressed in the middle-case scenario of the business plan.
Ker je napoved števila obračanj presegla 18 obračanj na teden, so plačila za trženje temeljila na znesku v višini […] EUR na odhajajočega potnika.
The proportion of Ryanair traffic at the airport is expected to remain at 91 %, which reflects the average level of the three years prior to signing Side Letter No 1.
Za izračun skupnih plačil za trženje so bila ta plačila za trženje pomnožena z ustreznimi napovedmi števila odhajajočih potnikov družbe Ryanair.
Ryanair turnarounds have been calculated, assuming 189 available seats per aircraft and a load factor of 80 %.
Za pričakovane dodatne stroške trženja za obdobje od marca do oktobra 2010 se je izračunalo, da znašajo […] EUR.
This is in line with Ryanair's 2010 load factor, which, according to Ryanair's annual report and financial statement of 2010, was 81 to 82 % at the time.
Dodatni operativni stroški so bili ocenjeni na podlagi regresijske analize, s katero se je opredelil učinek spremembe skupnega števila potnikov na operativne stroške letališča.
The expected incremental passenger numbers for the duration of the agreement were calculated from the envisaged number of flights and extrapolated for the duration of Side Letter No 1.
Ker se v vmesnem scenariju letna napoved operativnih stroškov spreminja vsako leto, napoved glede potnikov pa ne, družba Oxera na podlagi tega scenarija ni mogla izvesti regresijske analize.
Considering that the middle-case scenario of the business plan assumes no growth in passenger numbers, but bases its projections on already existing information for the year 2010, and noticing that the projected numbers are below the actual traffic numbers of the previous year 2009, the Commission finds this approach to be sound.
Namesto tega je dodatne operativne stroške izračunala z uporabo povprečnih ocen iz najugodnejšega in najslabšega scenarija, da bi zagotovila zadržan pristop.
Furthermore, the Commission notes that the sensitivity analysis performed by Oxera shows that even when using Ryanair's actual ex post passenger numbers, the resulting net present value remains positive at EUR […].
Družba Oxera je dodatne operativne stroške ocenila na […] EUR.
According to Commission practice, 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 activities must be taken into consideration together with airport charges, net of any rebates, marketing support or incentive schemes (‘single-till approach’).
Glede na približno 90-odstotni delež prometa družbe Ryanair na letališču Lübeck v času veljavnosti sporazuma Komisija meni, da je ta pristop smiseln.
Therefore, incremental revenues that a private Market Economy Operator would reasonably expect from the agreement include:
V izračun dodatne donosnosti spremnega pisma št. 1 niso vključeni stroški amortizacije (naložbeni stroški).
aeronautical revenues from passengers and landing charges paid by Ryanair; and
Družba Oxera je pri izračunih uporabila 2,24-odstotno diskontno stopnjo, kar ustreza referenčni meri Komisije plus 100 bazičnih točk.
non-aeronautical revenues from, for example, car parking, franchise shops, or directly operated shops.
Komisija meni, da je 10-odstotna diskontna stopnja verjetno bližje tehtanemu povprečju stroškov kapitala udeleženca v tržnem gospodarstvu kot referenčna mera plus 100 bazičnih točk.
Oxera takes into account the aeronautical revenues per passenger from the airport charges stipulated in Side Letter No 1 in connection with the 2000 Agreement, and multiplies them with the respective passenger numbers.
Vendar Komisija ugotavlja, da analiza občutljivosti, ki jo je izvedla družba Oxera, kaže, da bi bila pri uporabi 10-odstotne diskontne stopnje neto sedanja vrednost še vedno pozitivna pri […] EUR.
In line with Commission practice, security fees have been excluded from the analysis, as they were passed on by FLG to the competent public authority.
Poleg tega je družba Oxera analizo občutljivosti izvedla ob upoštevanju različnih scenarijev, med drugim:
Oxera submitted that for Side Letter No 1, the airport could have expected aeronautical revenues of EUR […].
izračun z 10-odstotno diskontno stopnjo (neto sedanja vrednost pozitivna pri […] EUR);
The Commission finds this result to be sound.
uporaba dejanskih naknadnih podatkov družbe Ryanair o številu potnikov namesto predhodnih podatkov o številu potnikov, predvidenih v vmesnem scenariju poslovnega načrta (neto sedanja vrednost pozitivna pri […] EUR);