natgillin/translations-raw huggingface dataset:
Alleged State aid measures raised by the Complainant
ukrep 3: dolgoročna posojila, ki jih je PCC zagotovil družbi MMD od leta 2010 (v nadaljnjem besedilu: ukrep 3),
The Complainant in its 2013 complaint identified a number of measures which it alleged constituted illegal and incompatible State aid by PCC to MMD.
ukrep 4: nakup dveh žerjavov s strani PCC in oddaja žerjavov v dolgoročni zakup družbi MMD v letih 2010 in 2011 (v nadaljnjem besedilu: ukrep 4),
The alleged aid measures include:
ukrep 5: jamstvo za prekoračitev stanja na računu (v nadaljnjem besedilu: ukrep 5).
Measure 1: Acquisition of MMD by PCC in 2008 (‘Measure 1’);
V prvotni pritožbi se je na splošno trdilo, da PCC ni deloval v skladu z načelom vlagatelja v tržnem gospodarstvu, saj je pridobil podjetje, ki je ustvarjalo izgube, in ga finančno podpiral, čeprav je od leta 2008 še naprej ustvarjalo izgube.
Measure 2: Revenue grants provided annually by PCC to MMD (‘Measure 2’);
V pritožbi je bilo ocenjeno, da bi skupna podpora, ki jo je PCC zagotovil družbi MMD, novembra 2014 znašala 17,3 milijona GBP.
Measure 3: Long-term loan facility provided by PCC to MMD as of 2010 (‘Measure 3’);
Družba MMD brez stalne podpore PCC na trgu ne bi mogla preživeti.
Measure 4: Acquisition of two cranes by PCC and their subsequent long-term lease to MMD in 2010 and 2011 (‘Measure 4’);
Po mnenju pritožnika je zato stalna podpora PCC z uporabo javnih sredstev družbi MMD zagotovila znatno gospodarsko prednost, zaradi česar je lahko družba MMD obstoječim in potencialnim strankam ponudila diskontirane cene pretovarjanja.
Measure: 5: Security for overdraft facility (‘Measure 5’).
Zato naj bi bila konkurenca na trgu pretovarjanja in skladiščenja uvoženih svežih proizvodov izkrivljena.
The original complaint argued generally that PCC did not act in line with the market economy investor principle (‘MEIP’) by acquiring and financially supporting a loss-making business despite its continued losses since 2008.
Ukrep 1: pridobitev MMD s strani PCC leta 2008
The complaint estimated that the overall support provided by PCC to MMD would as at November 2014 amount to GBP 17,3 million.
PCC je družbo MMD pridobil od prejšnjega zasebnega lastnika za 2,07 milijona GBP.
Without the continued support from PCC, MMD would have not been able to survive on the market.
PCC je družbo MMD v okviru začetne naložbe financiral tudi z dodatnimi kapitalskimi naložbami v višini 2,34 milijona GBP v obliki kapitalske podpore ter je načrtoval kritje njenih izgub v proračunskih letih 2008/2009 in 2009/2010 v skupni višini 1,443 milijonov GBP.
Thus, according to the Complainant, PCC's continued support using public funds provided a significant economic advantage to MMD and allowed MMD to offer discounted cargo handling rates to its existing and potential customers.
Komisija je kljub trditvam pritožnika v sklepu o začetku postopka sklenila, da je PCC pri pridobitvi družbe MMD v teh razmerah deloval v skladu z načelom vlagatelja v tržnem gospodarstvu ter da zato ukrep 1 ne zagotavlja gospodarske prednosti družbi MMD in ne pomeni državne pomoči.
As a result, the competition in the market for handling and storage of imported fresh produce was allegedly distorted.
Pritožnik in anonimna zainteresirana stran tudi nista predložila dodatnih argumentov ali dokazov v zvezi z ukrepom 1.
Measure 1: Acquisition of MMD by PCC in 2008
Glede na navedeno se ukrep 1 v tem sklepu ne ocenjuje.
PCC acquired MMD from a previous private owner for a price of GBP 2,07 million.
Ukrep 2: letna nepovratna sredstva PCC za prihodek družbe MMD
As part of the initial investment, PCC also funded MMD with additional capital investments of GBP 2,34 million in the form of capital grants and planned to cover the losses of MMD in the financial years 2008/2009 and 2009/2010 with total funds of GBP 1,443 million.
PCC je družbi MMD od njene pridobitve leta 2008 zagotavljal nepovratna sredstva za prihodek v obliki prenosov denarja, ki so se evidentirali kot „drugi poslovni prihodki“, zaradi česar so se povečali poslovni prihodki (in posledično zmanjšale izgube iz poslovanja).
Despite the claims of the Complainant, the Commission concluded in the Opening Decision that PCC acted in line with the MEIP by acquiring MMD under these conditions and therefore Measure 1 does not provide any economic advantage to MMD and does not constitute State aid.
V prvotnem naložbenem načrtu je bilo predvideno, da bo treba izgube družbe MMD kriti le v prvih dveh letih in v skupnem znesku največ 1,443 milijonov GBP.
In addition, neither the Complainant nor the Anonymous Interested Party provided any additional arguments or evidence with respect to Measure 1.
Vendar je PCC po proračunskem letu 2009/2010 še naprej zagotavljal nepovratna sredstva za prihodek, pri čemer je skupni znesek nepovratnih sredstev za prihodek, zagotovljenih do leta 2016, dosegel 16,71 milijona GBP (glej preglednico 1 spodaj).
In view of that, Measure 1 is not assessed in this Decision.
V proračunskem letu 2016/2017 družba MMD ni prejela nepovratnih sredstev za prihodek, pri čemer je v tem letu zabeležila dobiček.
Measure 2: Revenue grants provided annually by PCC to MMD
Preglednica 1
Since the acquisition in 2008, PCC has provided MMD with revenue grants in the form of cash transfers recorded as ‘other operating income’, thus increasing the operating profits (and thereby reducing operating losses).
Nepovratna sredstva PCC za prihodek družbe MMD in dobiček/izguba družbe MMD v proračunskem obdobju 2008/2009–2016/2017
The original investment case envisaged the need to cover MMD's losses only in the first two years and for a total amount limited to GBP 1,443 million.
(v milijonih GBP)
However, PCC continued to provide revenue grants after the 2009/2010 financial year and the total amount of revenue grants provided up to 2016 reached GBP 16,71 million (see Table 1 below).
Poslovni prihodki (brez nepovratnih sredstev za prihodek)
No revenue grant was provided in the financial year 2016/2017 and MMD recorded a profit in that year.
Skupni dobiček (brez nepovratnih sredstev za prihodek)
13/14
Splošni pogoji posojila so določeni v sporazumu o komercialnem posojilu med PCC in družbo MMD, za vsako črpanje posojila pa so potrebni dodatni dokumenti (informacije o naložbi v osnovna sredstva, ki se bodo krila s posojilom, finančna ocena posameznega črpanja s strani družbe MMD in PCC, ustrezni dokumenti o zavarovanju).
14/15
Med letoma 2010 in 2017 je družba MMD iz tega posojila skupaj izčrpala 5,7 milijona GBP.
15/16
Pritožnik trdi, da je PCC s posojilom družbi MMD zagotovil dolgoročno financiranje pod pogoji, ki ji pri običajnih komercialnih posojilodajalcih ne bi bili na voljo.
Operating profit (excl. revenue grants)
Trdi tudi, da sporazum o posojilu med PCC in družbo MMD ni le nepodpisan, ampak v njem predvsem tudi ni določb, ki bi jih vsak komercialni posojilodajalec sistematično zahteval (kot so finančni dogovori ali primeri neodplačevanja).
Total profit (excl. revenue grants)
Trdi še, da PCC s financiranjem družbi MMD omogoča naložbe v novo poslovno infrastrukturo in sredstva ter ji s tem zagotavlja konkurenčno prednost.
Total profit as reported in annual reports (i.e. incl. revenue grants)
Pritožnik zato trdi, da dolgoročno posojilo ni v skladu s pogoji udeleženca v tržnem gospodarstvu in pomeni nezakonito državno pomoč, saj so izpolnjeni tudi vsi drugi pogoji.
The grants were provided in the form of cash transfers in order to cover the annual trading loss of MMD.
Ukrep 4: nakup dveh žerjavov s strani PCC in oddaja žerjavov v dolgoročni zakup družbi MMD v letih 2010 in 2011
The Complainant argues that MMD would not have been viable without that constant financial support by PCC.
Da bi PCC podprl dejavnosti družbe MMD, se je odločil, da bo v letih 2010 in 2011 kupil dva mobilna pristaniška žerjava, od katerih je vsak stal približno 2,1 milijona GBP, ter ju na podlagi 7-letne pogodbe o poslovnem najemu dal v zakup družbi MMD.
In addition, it claims that PCC did not conduct any proper analysis of whether the provision of additional grants to MMD was economically justifiable.
Mesečna najemnina 16000 GBP (kar je več kot 190000 GBP na leto) za posamezni žerjav je bila izračunana tako, da se bo naložba PCC vrnila v pričakovani življenjski dobi žerjavov, tj. 15 letih, in tudi krila njegove stroške kapitala (kar skupno pomeni efektivni obrestni meri 4,46 % in 4,62 %).
Measure 3: Long-term loan facility provided by PCC to MMD from 2010
Čeprav v pritožbi niso navedeni posebni argumenti v zvezi s tem ukrepom, spadata nakup in zakup žerjavov med različne ukrepe financiranja, vključene v pritožbo, s katerimi PCC podpira naložbe družbe MMD v novo opremo na način, ki domnevno ni v skladu s tržnimi pogoji.
In 2010, PCC decided to provide a long-term (up to 20-years) loan facility of GBP 6,944 million to MMD.
Ukrep 5: jamstvo za prekoračitev stanja na računu
The interest rate for the loan facility amounts to 4,81 %, corresponding to PCC's costs of borrowing plus an administration fee of 0,25 %.
Družba MMD je bila po pridobitvi vključena v bančne odnose PCC z banko Lloyds TSB.
The purpose of the loan facility is to support MMD's capital expenditure.
Banka Lloyds TSB je zato zahtevala dodatno jamstvo v obliki 1 milijona GBP gotovinskega pologa.
The general terms of the loan facility are set out in a Commercial Loan Agreement between PCC and MMD, while for each draw-down of the loan additional documents are necessary (information on the capital expenditure intended to be covered by the loan, financial appraisal of each draw-down by MMD and PCC, appropriate collateral documents).
Maja 2009 se je to jamstvo povečalo na 1,2 milijona GBP, spomladi 2010 pa zmanjšalo na 0,55 milijona GBP.
Between 2010 and 2017, a total of GBP 5,7 million has been drawn-down by MMD under this facility.
Leta 2011 se je to jamstvo banki Lloyds TSB dopolnilo z jamstvom PCC banki za mesečno prekoračitev stanja na računu v višini 1 milijona GBP, ki je bilo na voljo družbi MMD.
The Complainant argues that the loan facility by PCC provided MMD with long-term funding on terms which would not have been available to it from ordinary commercial lenders.
Polog in nato tudi jamstvo je zahtevala banka Lloyds TSB za kritje običajnih trgovinskih poslov družbe MMD in kot jamstvo za plačila, ki jih banka izvede v imenu družbe MMD (kot so plačila CHAPS, plačila BACS, jamstvo za plačilo carinskih dajatev in poslovne plačilne kartice).
It also claims that the loan agreement between PCC and MMD is not only unsigned but in particular lacks provisions which any commercial lender would routinely require (such as financial covenants or events of default).
Banka Lloyds TSB lahko polog ali jamstvo unovči, če družba MMD plačil, ki jih je banka izvedla, nato ne poravna.
Finally, it argues that the financing from PCC enables MMD to invest in new operating infrastructure and assets and thus provides it with a competitive advantage.
V pritožbi je jamstvo za prekoračitev stanja na računu vključeno med ukrepe, ki pomenijo stalno finančno podporo PCC družbi MMD, kar naj bi ji zagotovilo neupravičeno gospodarsko prednost.
Therefore, the Complainant argues that the long-term loan facility does not correspond to market economy operator terms and, since all other criteria are also fulfilled, constitutes illegal State aid.
Razlogi za začetek postopka
Measure 4: Acquisition of two cranes by PCC and their subsequent long-term lease to MMD in 2010 and 2011
Komisija je v sklepu o začetku postopka izrazila pomisleke, da stalna podpora družbi MMD z letnimi nepovratnimi sredstvi za prihodek morda ni združljiva z načelom vlagatelja v tržnem gospodarstvu.
In order to support the operations of MMD, PCC decided in 2010 and 2011 to purchase two mobile harbour cranes for approximately GBP 2,1 million each and to lease them to MMD under an operating lease agreement valid for 7 years.
Podpora PCC v obliki nepovratnih sredstev za prihodek je precej presegla čas in znesek iz prvotnega naložbenega načrta (16,71 milijona GBP v osmih letih v primerjavi s prvotno načrtovanega 1,44 milijona GBP v dveh letih), zato so obstajali pomisleki, da bi se lahko ta denarna nepovratna sredstva štela za kratkoročno in začasno podporo za prestrukturiranje podjetja.
The monthly rent of GBP 16000 (in excess of GBP 190000 per year) for each crane has been calculated so that the investment made by PCC is repaid over the expected lifetime of the cranes of 15 years while also covering PCC's own cost of capital (in total leading to effective interest rates of 4,46 % and 4,62 %).
Poleg tega je bilo že v prvem letu 2008/2009 jasno, da se prvotne finančne napovedi ne bodo uresničile.
Even though the complaint does not contain any specific arguments with respect to this particular measure, the acquisition and lease of cranes belongs among the various financing measures included in the complaint by which PCC supports MMD's investment in new equipment in a manner allegedly not consistent with market conditions.
Čeprav so obstajali dokazi o ustrezni ekonomski analizi za pridobitev družbe MMD, v dokumentaciji ni bilo dokazov o tem, da je bila ekonomska smiselnost posamezne dodelitve dodatnih nepovratnih sredstev za prihodek ustrezno analizirana.
Measure: 5: Security for overdraft facility
Argument, da se nepovratna sredstva skoraj izravnajo s tokovi prihodkov od družbe MMD k PCC, ki bi se izgubili, če bi družba prenehala opravljati dejavnosti, se je štel za pomanjkljiv, saj ni bilo dokazov o tem, da bi pristaniška sredstva (pristani, skladišča itd.), ki jih uporablja družba MMD, v primeru njene likvidacije ostala neizkoriščena ali bi pomenila popolno izgubo zakupljenih najemov in davkov na tonažo, ki se plačajo PCC.
Upon acquisition, MMD was brought under the umbrella of PCC's banking relationship with Lloyds TSB Bank.
Prav tako ni bilo dokazov, da je PCC preučil alternativne scenarije za stalno podporo (kot je začetek likvidacije družbe MMD), da bi dokazal, da je to dejansko ekonomsko najugodnejša možnost v celotnem obdobju.
In return, Lloyds TSB required an additional security cash deposit of GBP 1 million.
Ukrep 3: dolgoročna posojila, ki jih je PCC zagotovil družbi MMD od leta 2010
In May 2009, this security deposit was increased to GBP 1,2 million and in spring 2010 decreased to GBP 0,55 million.
Ob upoštevanju tega, da družba MMD brez nepovratnih sredstev PCC za prihodek več let ne bi postala dobičkonosna, je Komisija v sklepu o začetku postopka izrazila pomisleke glede tega, ali so posojilni pogoji upoštevali tveganje, da družba MMD posojila ne bi odplačevala.
In 2011, this security deposit to Lloyds TSB Bank was supplemented by a guarantee by PCC to the bank for a monthly overdraft facility of GBP 1 million available to MMD.
Malo verjetno je, da bi zasebni upnik, čeprav bi bil matična družba, odobril tako posojilo, ne da bi ustrezno obravnaval finančne težave hčerinske družbe.
The deposit and subsequently also the guarantee were required by Lloyds TSB Bank to cover MMD's normal commercial transactions and to serve as security for payments that the bank makes on behalf of MMD (such as CHAPS payments, BACS payments, customs indemnity facility and Corporate Charge cards).
Sporazum o komercialnem posojilu, ki ga je predložilo Združeno kraljestvo, je bil razmeroma splošen in ni vseboval nekaterih standardnih določb, ki so običajno potrebne (kot so finančni dogovori ali primeri neodplačevanja).
Lloyds TSB Bank is able to call upon the deposit or guarantee in the event that these payments made by the bank are subsequently not honoured by MMD.
Ker je učinek ukrepa zelo podoben dolgoročnemu posojilu, analiziranemu zgoraj (financiranje naložbe v osnovna sredstva družbe MMD na podlagi stroškov izposojanja PCC), so bili pomisleki, izraženi v sklepu o začetku postopka, podobni kot pomisleki v zvezi z dolgoročnim posojilom.
The complaint includes the security for overdraft facility among the measures representing continued financial support by PCC to MMD, which gives MMD an allegedly undue economic advantage.
Glede na navedbe v sklepu o začetku postopka se zdi, da se v dokumentih o analizi pridobitve družbe MMD, ki jih je predložilo Združeno kraljestvo, ni upošteval povečan gotovinski polog PCC.
Grounds for initiating the procedure
Tudi če se argument, da je bil tak polog posredno predviden, sprejme, ni dokazov o tem, da je PCC naknadno analiziral svojo stalno izpostavljenost.
In the Opening Decision the Commission expressed concerns that the continued support to MMD by means of the annual revenue grants might not be MEIP-compliant.
PCC je kljub stalnim izgubam družbe MMD enostavno še naprej zagotavljal jamstvo za njeno posojilo v obliki obratnega kapitala.
The support by PCC in the form of revenue grants went far beyond the time and amount planned in the original investment case (GBP 16,71 million over 8 years as opposed to the originally planned GBP 1,44 million over two years) and therefore there were concerns that these cash grants could be considered as short-term and temporary support for the restructuring of the business.
Komisija je zato v sklepu o začetku postopka izrazila pomisleke glede tega, ali bi lahko družba MMD tako posojilo pridobila brez podpore PCC, hkrati pa ni bilo verjetno, da bi zasebna matična družba v istih razmerah nadaljevala tako finančno podporo, ne da bi ustrezno obravnavala finančne težave svoje hčerinske družbe.
In addition, it was already evident in the first year 2008/2009 that the original financial forecasts would not materialise.
PRIPOMBE ZAINTERESIRANIH STRANI
Further, while there was evidence of a proper economic analysis for the acquisition of MMD, there was little if any evidence on the file that demonstrated that each grant of additional revenue grant had been properly analysed as regards its economic sense.
Pripombe pritožnika
The argument that the grants are almost balanced with the revenue streams from MMD to PCC that would be lost if it ceased operations was considered to be flawed since there was no evidence suggesting that the port assets (quays, warehouses etc.) used by MMD would remain idle if MMD were liquidated or would lead to a complete loss of the lease rentals and tonnage dues paid to PCC.
Pritožnik je v svojih pripombah podprl sklep o začetku postopka ter ohranil svoje stališče glede sklepa o ukrepu 1, ne da bi navedel dodatne argumente ali predložil dodatne dokaze v zvezi s tem ukrepom.
Finally, there was no evidence that PCC had weighted up its continued support with alternative scenarios (such as putting MMD into liquidation) in order to demonstrate that it was in fact the most advantageous option, economically, throughout the whole period.
V zvezi z ukrepi 2 do 5 se je skliceval na svoja prejšnja stališča in ponovno poudaril svoje prepričanje, da ni podlage, na kateri bi lahko PCC razumno sklepal, da bi lahko njegova finančna podpora kdaj koli prinesla ustrezne poslovne prihodke, pri čemer v svojih pripombah ni zagotovil dodatnih dokazov ali argumentov.
In view of MMD's inability to achieve profitability over a number of years without PCC's revenue grants, in the Opening Decision the Commission expressed concerns as to whether the terms of the loan corresponded to the risks of default by MMD.
Pripombe anonimne zainteresirane strani
It seemed doubtful that a private creditor, even in a position of a parent company, would have granted such a loan without adequately addressing the financial difficulties of its subsidiary.
Anonimna zainteresirana stran je podprla predhodno analizo iz sklepa o začetku postopka in menila, da so ukrepi 2 do 5 jasno pomenili državno pomoč družbi MMD, s katero je PCC zagotovil stalno finančno pomoč trajno neučinkovitemu in nedonosnemu podjetju.
The concerns as regards the market terms of the loan facility were confirmed also by the Commission Reference Rate Communication of 2008, according to which a market rate for a company in difficulty (without the continued support by PCC, MMD would have almost certainly been a company in difficulty) even presuming a high level of collateral (for which there was no evidence) would amount to 5,48 % in 2011 and between 5,46 % and 5,74 % in 2012.
Domnevala je, da bi družba MMD brez stalne podpore že veliko prej postala insolventna in prenehala poslovati.
Without collateral, the rate would have been more than 11 %.
Anonimna zainteresirana stran ni predložila pripomb v zvezi z ukrepom 1.
Finally, the Commercial Loan Agreement submitted by the United Kingdom was relatively general and lacked some standard provisions normally required (such as financial covenants or event of default).
Anonimna zainteresirana stran je menila, da PCC ni deloval kot razumni tržni vlagatelj, saj je družbi MMD še naprej zagotavljal financiranje, ne da bi zagotovil smiselno ali uspešno prestrukturiranje družbe MMD, da bi obravnaval njene težave.
Since the measure is in its effects very similar to a long-term loan facility analysed above (financing of capital expenditure of MMD based on the costs of borrowing of PCC), the concerns expressed in the Opening Decision were analogous to those related to the long-term loan facility.
Trdila je, da noben razumni vlagatelj ne bi kupil neuspešnega podjetja in še najprej več let financiral njegove neuspehe brez izvedbe reform, s katerimi bi se ti neuspehi obravnavali.
According to the Opening Decision, the documents analysing the acquisition of MMD provided by the United Kingdom did not appear to take account of the increased cash deposit by PCC.
V zvezi z nepovratnimi sredstvi za prihodek (ukrep 2) se je anonimna zainteresirana stran strinjala s sklepom o začetku postopka in poudarila, da je PCC vsako leto brez ustrezne ocene enostavno poravnal izgube iz poslovanja družbe MMD.
However, even if the argument that such deposit was implicitly envisaged were to be accepted, there was no evidence demonstrating that PCC had analysed its continued exposure subsequently.
Tudi kar zadeva ukrepa 3 in 4, se je anonimna zainteresirana stran strinjala s sklepom o začetku postopka in trdila, da družbi MMD brez podpore PCC ne bi bilo na voljo financiranje po primerljivih pogojih.
Despite the continued losses of MMD, PCC simply continued to provide the security for MMD's working capital loan facilities.
Na koncu se je strinjala, da je tudi ukrep 5 pomenil neupravičeno korist za družbo MMD, ki pri razumnem ekonomskem vlagatelju ne bi bila na voljo.
The Commission thus in the Opening Decision expressed concerns that such facilities could be acquired by MMD without PCC's support and at the same time it appeared unlikely that a private parent company in the same situation would have continued such financial support without adequately addressing the financial difficulties of its subsidiary.
Anonimna zainteresirana stran zato potrjuje predhodno oceno iz sklepa o začetku postopka, da ti ukrepi pomoči ne izpolnjujejo niti osnovnih pogojev za združljivo pomoč za reševanje ali prestrukturiranje.
COMMENTS FROM INTERESTED PARTIES
Anonimna zainteresirana stran poudarja tudi, da so te subvencije znatno vplivale na konkurenco, saj je sektor pretovarjanja svežih proizvodov zelo konkurenčen trg z nizkimi maržami, na katerem so zakoniti operaterji, ki ne prejemajo pomoči, v primerjavi z operaterji, podprtimi z nezakonito državno pomočjo, posebno ranljivi.
Comments from the Complainant
Trdi tudi, da je za družbo MMD znano, da ponuja nižje cene pretovarjanja od tržne cene (vključno z domnevnim ponujanjem brezplačnega skladiščenja), da bi pridobila in obdržala stranke.
The Complainant in its comments supported the Opening Decision while reserving its position as regards the conclusion concerning Measure 1 without providing any additional arguments or evidence with respect to this measure.
Pomoč torej ni škodila le posameznim konkurentom, ampak tudi splošnim dejavnostim na trgu.
With respect to Measures 2 to 5 the Complainant referred to its previous submissions and reiterated its belief that there are no grounds on which PCC could have reasonably concluded that its financial support would ever deliver an adequate commercial return, without providing any additional evidence or arguments in its comments.
Anonimna zainteresirana stran je zato Komisijo pozvala, naj zahteva vračilo nezakonite in nezdružljive pomoči, zagotovljene družbi MMD.