natgillin/translations-raw huggingface dataset:
The State took over the debt Sementsverksmiðjan hf. had towards the Pension Fund of State Employees for the payment of pensions of its own employees.
Država je prevzela dolg, ki ga je imela družba Sementsverksmiðjan hf. do Pokojninskega sklada državnih uslužbencev za plačilo pokojnin svojim zaposlenim.
Sementsverksmiðjan hf. had been established in 1955 as part of the State administration.
Družba Sementsverksmiðjan hf. je bila ustanovljena leta 1955 kot del državne uprave.
The employees of the cement producer, called Iceland State Cement Works at the time, were affiliated to the Pension Fund of State Employees like any other employees of the State administration.
Zaposleni v tovarni cementa, ki se je tedaj imenovala Islandska državna cementarna, so bili kot vsi drugi zaposleni v državni upravi vključeni v Pokojninski sklad državnih uslužbencev.
In 1997, the State reformed the Pension Fund of State Employees.
Leta 1997 je država izvedla reformo Pokojninskega sklada državnih uslužbencev.
The Pension Fund of State Employees made an actuarial assessment of the liabilities it had towards its affiliates in future pension payments.
Pokojninski sklad državnih uslužbencev je izvedel aktuarsko oceno obveznosti, ki jih je imel do svojih članov v zvezi s prihodnjimi izplačili pokojnin.
The result of this assessment was then compared with the assets of the Fund and the share of liabilities amongst the different employers with affiliated employees.
Rezultat te ocene se je nato primerjal s premoženjem Sklada in deležem obveznosti med različnimi delodajalci, katerih zaposleni so bili vključeni v Sklad.
The liabilities of the Pension Fund of State Employees for already retired employees of Sementsverksmiðjan hf. at the end of 1996 corresponded to ISK 400 million [30].The Treasury paid this liability to the Pension Fund of State Employees with bonds of the company.
Obveznosti Pokojninskega sklada državnih uslužbencev za že upokojene zaposlene družbe Sementsverksmiðjan hf. so ob koncu leta 1996 znašale 400 milijonov ISK [30].Državna zakladnica je te obveznosti Pokojninskemu skladu državnih uslužbencev plačala z obveznicami družbe.
This liability stayed in the accounts of Sementsverksmiðjan hf. until 23 October 2003 when the State took over a debt of Sementsverksmiðjan hf. towards the Pension Fund.
Te obveznosti so ostale v računovodski evidenci družbe Sementsverksmiðjan hf. do 23. oktobra 2003, ko je država prevzela dolg te družbe do Pokojninskega sklada.
In so far as the payment of pension obligations belongs to the normal costs an undertaking has to put up with in the course of business, the takeover by the State of these payments relieved Sementsverksmiðjan hf. of an operating cost.
Če plačilo pokojninskih obveznosti spada k običajnim stroškom, ki jih mora plačati podjetje med poslovanjem, je prevzem teh plačil, ki ga je izvedla država, razrešil družbo Sementsverksmiðjan hf. stroška poslovanja.
By so doing, the State granted a selective advantage to this undertaking as other undertakings have to put up with all pension related costs for their own employees.
S tem je država temu podjetju dodelila selektivno prednost, saj morajo druga podjetja plačati vse stroške, povezane s pokojninami za svoje zaposlene.
Thirdly, the aid measure must distort competition and affect trade between the Contracting Parties.
Tretjič, ukrep pomoči mora izkrivljati konkurenco in vplivati na trgovino med pogodbenicami.
Undertakings benefiting from an economic advantage granted by the State which reduces their normal burden of costs, are placed in a better competitive position than those who cannot enjoy this advantage.
Podjetja, katerim država dodeli gospodarsko ugodnost, ki zmanjšuje njihovo običajno obremenjenost s stroški, so v boljšem konkurenčnem položaju kot podjetja, ki te ugodnosti ne prejemajo.
There is competition in the market for cement within the EEA.
Na trgu za cement v okviru EGP vlada konkurenca.
Currently there are two companies active in the Icelandic market of cement: Sementsverksmiðjan hf. and Aalborg Portland Íslandi ehf.
Trenutno sta na islandskem trgu za cement dejavni dve družbi: Sementsverksmiðjan hf. in Aalborg Portland Íslandi ehf.
Any advantage granted to Sementsverksmiðjan hf. which reduces the costs it should normally incur, places this undertaking in a better competitive position vis-à-vis the other actual or potential market players in the Icelandic cement market which does not receive this advantage.
Vsaka ugodnost, dodeljena družbi Sementsverksmiðjan hf., ki zmanjšuje stroške, ki bi jih morala imeti, postavlja to podjetje v boljši konkurenčni položaj v primerjavi z drugimi dejanskimi ali potencialnimi akterji na islandskem trgu za cement, ki te ugodnosti ne prejemajo.
Thus, the support granted by the State to Sementsverksmiðjan hf. has the effect of distorting competition.
Zato podpora, ki jo je država dodelila družbi Sementsverksmiðjan hf., povzroča izkrivljanje konkurence.
Fourthly, for Article 61(1) of the EEA Agreement to be applicable, the notified measure must have an effect on trade between the Contracting Parties to the EEA Agreement.
Četrtič, za uporabo člena 61(1) Sporazuma EGP mora priglašeni ukrep vplivati na trgovino med pogodbenicami Sporazuma EGP.
The direct competitor of Sementsverksmiðjan hf. in the Icelandic market is a subsidiary of an undertaking located in another State party to the EEA Agreement which does not produce cement in Iceland, but imports it from other EEA countries into Iceland.
Neposredni tekmec družbe Sementsverksmiðjan hf. na islandskem trgu je hčerinsko podjetje podjetja iz druge države pogodbenice Sporazuma EGP, ki ne proizvaja cementa v Islandiji, temveč ga v Islandijo uvaža iz drugih držav EGP.
For this reason, the measure affects trade between the Contracting Parties to the EEA Agreement within the meaning of Article 61(1) of the EEA Agreement.
Zato ukrep vpliva na trgovino med pogodbenicami Sporazuma EGP v smislu člena 61(1) Sporazuma EGP.
For the abovementioned reasons the Authority considers that the State granted State aid to Sementsverksmiðjan hf. with the takeover of pension obligations with the Agreement signed in October 2003 between the Ministry of Finance and the State Pension Fund.
Zaradi navedenih razlogov Nadzorni organ meni, da je država družbi Sementsverksmiðjan hf. dodelila državno pomoč, ko je prevzela pokojninske obveznosti s sporazumom, ki sta ga oktobra 2003 sklenila Ministrstvo za finance in Državni pokojninski sklad.
Pursuant to Article 1(3) of Part I of Protocol 3 to the Surveillance and Court Agreement, ‘the EFTA Surveillance Authority shall be informed, in sufficient time to enable it to submit its comments, of any plans to grant or alter aid (…).
V skladu s členom 1(3) dela I Protokola 3 k Sporazumu o nadzornem organu in sodišču „mora biti Nadzorni organ Efte o vseh načrtih za dodelitev ali spremembo pomoči obveščen dovolj zgodaj, da lahko predloži pripombe […].
The State concerned shall not put its proposed measures into effect until the procedure has resulted in a final decision.’
Zadevna država članica ne sme začeti izvajati svojih predlaganih ukrepov, dokler v postopku ni sprejeta dokončna odločitev.“
Although the Icelandic authorities submitted a notification, by letter dated 29 August 2003, on the planned sale of the State’s shares at Sementsverksmiðjan hf., the signature of the abovementioned agreements by the Icelandic authorities put any possible State aid measure granted on the basis of these agreements into effect before the Authority had taken a final decision on the notification.
Čeprav so islandski organi v dopisu z dne 29. avgusta 2003 priglasili načrtovano prodajo državnih deležev v družbi Sementsverksmiðjan hf., so zaradi zgoraj navedenih sporazumov, ki so jih sklenili islandski organi, začeli veljati vsi morebitni ukrepi državne pomoči, dodeljeni na podlagi teh sporazumov, še preden je Nadzorni organ sprejel dokončno odločitev o priglasitvi.
For this reason, the State aid granted in the framework of this transaction constitutes unlawful State aid within the meaning of Article 1(f) of Part II of Protocol 3, that is, new aid put into effect in contravention of Article 1(3) of Part I of the same Protocol.
Zato pomeni državna pomoč, dodeljena v okviru te transakcije, nezakonito državno pomoč v smislu člena 1(f) dela II Protokola 3, to je novo pomoč, ki se izvaja v nasprotju s členom 1(3) dela I istega protokola.
Under Article 61(3)(c) of the EEA Agreement, aid to facilitate the development of certain economic activities or of certain economic areas, may be considered compatible with the functioning of the EEA Agreement, where such aid does not adversely affect trading conditions to an extent contrary to the common interest.
V skladu s členom 61(3)(c) Sporazuma EGP se lahko pomoč za pospeševanje razvoja določenih gospodarskih dejavnosti ali določenih gospodarskih območij šteje za združljivo z delovanjem Sporazuma EGP, če taka pomoč ne vpliva škodljivo na trgovinske pogoje v obsegu, ki bi bil v nasprotju s skupnimi interesi.
Restructuring aid is to be assessed under the Authority’s Rescue and Restructuring aid guidelines (hereinafter referred to as ‘the R & R guidelines’).
Pomoč za prestrukturiranje je treba oceniti v skladu s Smernicami Nadzornega organa o pomoči za reševanje in prestrukturiranje (v nadaljnjem besedilu: smernice za reševanje in prestrukturiranje).
In Decision No 421/04/COL, the Authority emphasised that the Icelandic authorities had not provided any arguments or respective documentary evidence to assess the compatibility of the aid with the R & R guidelines.
Nadzorni organ je v Odločbi št. 421/04/COL poudaril, da islandski organi niso zagotovili argumentov ali ustreznih dokaznih listin za oceno združljivosti pomoči s smernicami za reševanje in prestrukturiranje.
The aid was granted in October 2003 when the State relieved Sementsverksmiðjan hf. from its pension liabilities.
Pomoč je bila dodeljena oktobra 2003, ko je država prevzela pokojninske obveznosti družbe Sementsverksmiðjan hf.
According to Section 16.2.1 of the R & R guidelines, in any event and irrespective of its size, a limited company is regarded as a firm in difficulty for the purposes of the guidelines, where more than half of its registered capital has disappeared and more than one quarter of that capital has been lost over the preceding 12 months.
V skladu z oddelkom 16.2.1 smernic za reševanje in prestrukturiranje se kapitalska družba za namene teh smernic v vsakem primeru in ne glede na njeno velikost šteje za podjetje v težavah, če je bila izgubljena več kot polovica registriranega osnovnega kapitala in če je bila več kot četrtina takega kapitala izgubljena v zadnjih dvanajstih mesecih.
Whatever the type of company concerned, the R & R guidelines consider a firm to be in difficulty for the purposes of the guidelines, where it fulfils the criteria under its domestic law for being the subject of collective insolvency proceedings.
Ne glede na vrsto zadevnega podjetja se v skladu s smernicami za reševanje in prestrukturiranje za namene smernic šteje, da je podjetje v težavah, če izpolnjuje pogoje, ki jih določa domače pravo za uvedbo kolektivnih postopkov v primeru insolventnosti.
The usual signs of a firm being in difficulty are increasing losses, diminishing turnover, growing inventories, excess capacity, declining cash flow, mounting debt, rising interest charges and falling or nil net asset value.
Običajni znaki za to, da je podjetje v težavah, so naraščajoče izgube, upadanje prometa, kopičenje zalog, presežki prostih zmogljivosti, padanje denarnih tokov, naraščajoči dolgovi, naraščajoči stroški obresti in zmanjševanje ali izguba celotne čiste vrednosti sredstev.
Between 2000 and 2002, the total debt of Sementsverksmiðjan hf. went from ISK 733 million to ISK 1157 million.
Med letoma 2000 in 2002 se je skupni dolg družbe Sementsverksmiðjan hf. povečal s 733 milijonov ISK na 1157 milijonov ISK.
Current assets decreased from ISK 750 million to ISK 640 million.
Gibljiva sredstva so se zmanjšala s 750 milijonov ISK na 640 milijonov ISK.
In the annual accounts of Sementsverksmiðjan hf. for 2002, the accountants raised serious concerns about the financial status of the company.
Računovodje so v zaključnem računu družbe Sementsverksmiðjan hf. za leto 2002 izrazili globoko zaskrbljenost zaradi finančnega položaja družbe.
The accumulated losses and the strong likelihood of continued operational losses in the year 2003, lead to the conclusion that the possibility of continued operation of the company was questionable.
Zaradi nakopičenih izgub in velike verjetnosti, da se bodo izgube iz poslovanja leta 2003 nadaljevale, je bilo ugotovljeno, da je možnost nadaljnjega poslovanja družbe vprašljiva.
According to the explanations and information provided by the Icelandic authorities, Sementsverksmiðjan hf. was on the brink of bankruptcy and could not recover through its own resources.
Po pojasnilih in informacijah, ki so jih zagotovili islandski organi, je bila družba Sementsverksmiðjan hf. tik pred stečajem in se s svojimi sredstvi ne bi mogla opomoči.
Therefore, the Authority considers that Sementsverksmiðjan hf. was a firm in difficulty within the meaning of the R & R guidelines at the time of the grant.
Zato Nadzorni organ meni, da je bila ob dodelitvi pomoči družba Sementsverksmiðjan hf. podjetje v težavah v smislu smernic za reševanje in prestrukturiranje.
DEFINITION OF RESTRUCTURING AID
OPREDELITEV POMOČI ZA PRESTRUKTURIRANJE
Restructuring aid should be based on a feasible, coherent and far-reaching plan to restore a firm’s long-term viability.
Pomoč za prestrukturiranje mora temeljiti na realističnem, koherentnem in dolgoročnem načrtu za ponovno vzpostavitev dolgoročne rentabilnosti podjetja.
According to Section 16.2.2 of the R & R guidelines, restructuring aid usually involves one or more of the following elements: the reorganisation and rationalisation of the firm’s activities on to a more efficient basis, typically involving the withdrawal from loss-making activities, the restructuring of those existing activities that can be made competitive again and, possibly, diversification in the direction of new and viable activities.
V skladu z oddelkom 16.2.2 smernic za reševanje in prestrukturiranje pomoč za prestrukturiranje po navadi vključuje enega ali več naslednjih elementov: reorganizacijo in racionalizacijo dejavnosti podjetja za večjo učinkovitost, kar običajno pomeni opustitev področij, ki ustvarjajo izgubo, in prestrukturiranje tistih obstoječih dejavnosti, ki lahko ponovno postanejo konkurenčne, ter po možnosti diverzifikacijo v nove in rentabilne dejavnosti.
Financial restructuring (capital injections, debt reduction) usually has to accompany the physical restructuring.
Fizično prestrukturiranje mora po navadi spremljati finančno prestrukturiranje (kapitalski vložki, zmanjšanje dolga).
The provisions of the R & R guidelines however stress that restructuring operations cannot be limited to financial aid designed to make good past losses without tackling the reasons for those losses.
Določbe smernic za reševanje in prestrukturiranje poudarjajo, da ukrepi za prestrukturiranje ne smejo biti omejeni na finančno pomoč za pokritje preteklih izgub, ne da bi odpravili razloge za te izgube.
The restructuring plan for Sementsverksmiðjan hf. consisted of a wide range of measures.
Načrt za prestrukturiranje družbe Sementsverksmiðjan hf. je vključeval zelo različne ukrepe.
It covered the financial restructuring of the company, the restructuring of workforce and production costs and the incorporation of alternative revenue sources.
Zajemal je finančno prestrukturiranje družbe, prestrukturiranje delovne sile in proizvodnih stroškov ter vključitev nadomestnih virov prihodkov.
CONDITIONS FOR THE AUTHORISATION OF RESTRUCTURING AID
POGOJI ZA ODOBRITEV POMOČI ZA PRESTRUKTURIRANJE
State aid for helping firms in difficulty to restructure may be regarded as legitimate only under certain conditions.
Državna pomoč, ki podjetjem v težavah pomaga, da se prestrukturirajo, se lahko šteje za zakonito samo pod določenimi pogoji.
It may be justified, for instance, by social or regional policy considerations, by the need to take into account the beneficial role played by small and medium-sized enterprises (SMEs) in the economy or by the desirability of maintaining a competitive market structure when the disappearance of firms could lead to a monopoly or tight oligopoly situation.
Upravičujejo jo lahko na primer socialna ali regionalna politika zadevne družbe, potreba po upoštevanju koristne vloge malih in srednje velikih podjetij v gospodarstvu ali želja po vzdrževanju konkurenčne tržne strukture, ko bi izginjanje podjetij lahko vodilo k monopolnemu ali izrazitemu oligopolnemu položaju.
According to Section 16.3.2.2(b) of the R & R guidelines, the grant of aid should be conditional on implementation of the restructuring plan which must be endorsed by the Authority.
V skladu z oddelkom 16.3.2.2(b) smernic za reševanje in prestrukturiranje mora biti dodelitev pomoči pogojena z izvajanjem načrta za prestrukturiranje, ki ga mora potrditi Nadzorni organ.
The restructuring plan, the duration of which must be as short as possible, must restore the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions as to future operating conditions.
Načrt za prestrukturiranje, katerega trajanje mora biti čim krajše, mora ponovno vzpostaviti dolgoročno rentabilnost podjetja v razumnem času in na podlagi stvarnih predvidevanj o prihodnjih pogojih poslovanja.
Restructuring aid must be linked to a viable restructuring plan to which the EFTA State concerned commits itself.
Pomoč za prestrukturiranje mora biti zato vezana na izvedljiv načrt za prestrukturiranje, h kateremu se zaveže zadevna država Efte.
The plan must be submitted in all relevant detail to the Authority and include, in particular, a market survey.
Načrt se mora predložiti Nadzornemu organu z vsemi potrebnimi podrobnostmi, vsebovati pa mora zlasti raziskavo trga.
The improvement in viability must derive mainly from internal measures contained in the restructuring plan and may be based on external factors such as variations in prices and demand over which the company has no great influence only if the market assumptions made are generally acknowledged.
Izboljšanje rentabilnosti mora izhajati predvsem iz notranjih ukrepov, ki jih vsebuje načrt za prestrukturiranje, in lahko temelji na zunanjih dejavnikih, kot so spremembe cen in povpraševanja, na katere družba nima velikega vpliva, vendar samo, če so tržne predpostavke splošno potrjene.
The provisions of Section 16.3.2.2(b) of the R & R guidelines require the restructuring plan to describe the circumstances that led to the company’s difficulties, thereby providing a basis for assessing whether the proposed measures are appropriate.
V skladu z določbami oddelka 16.3.2.2(b) smernic za reševanje in prestrukturiranje je treba v načrtu za prestrukturiranje opisati okoliščine, zaradi katerih je podjetje zašlo v težave, s čimer se zagotovi temelj za ovrednotenje ustreznosti predlaganih ukrepov.
It should take account, inter alia, of the present state of and future prospects for supply and demand on the relevant product market, with scenarios reflecting best-case, worst-case and intermediate assumptions and the firm’s specific strengths and weaknesses.
Med drugim mora načrt upoštevati trenutno stanje ter pričakovano povpraševanje in ponudbo na upoštevnem proizvodnem trgu v prihodnosti ter vsebovati scenarije, ki odražajo najbolj optimistična, najbolj pesimistična in vmesna predvidevanja ter značilne prednosti in slabosti podjetja.
It should enable the firm to progress towards a new structure that offers it prospects for long term viability and enables it to stand on its own feet.
Podjetju mora omogočiti, da se razvija v smeri nove strukture, ki mu daje možnosti za dolgoročno rentabilnost in da se postavi na svoje noge.
The plan should provide for a turnaround that will enable the company, after completing its restructuring, to cover all its costs including depreciation and financial charges.
Načrt mora zagotoviti preobrat, ki bo podjetju omogočil, da bo po izvedenem prestrukturiranju vse svoje stroške krilo samo, vključno z amortizacijo in finančnimi dajatvami.
According to the R & R guidelines, the expected return on capital should be enough to enable the restructured firm to compete in the marketplace on its own merits.
V skladu s smernicami za reševanje in prestrukturiranje mora biti pričakovani donos kapitala dovolj velik, da prestrukturiranemu podjetju omogoči samostojno konkuriranje na trgu.
The restructuring plan of Sementsverksmiðjan hf. consisted of four different measures:
Načrt za prestrukturiranje družbe Sementsverksmiðjan hf. je vseboval štiri različne ukrepe:
financial restructuring;
finančno prestrukturiranje,
restructuring of workforce;
prestrukturiranje delovne sile,
restructuring of production costs;
prestrukturiranje proizvodnih stroškov,
alternative revenue sources.
nadomestne vire prihodkov.
The Icelandic authorities have explained that one of the key measures of the restructuring was to reduce debts through sale of assets.
Islandski organi so pojasnili, da je bil eden od ključnih ukrepov prestrukturiranja zmanjšanje dolga s prodajo premoženja.
During autumn 2003, Sementsverksmiðjan hf. liquidated all assets not directly related to the production and delivery of cement to the Icelandic market.
Jeseni 2003 je družba Sementsverksmiðjan hf. prodala vse premoženje, ki ni bilo neposredno vezano na proizvodnjo in dostavo cementa na islandski trg.
With the money obtained from this sale, the company was able to reduce existing debts and was able at least to reduce the losses of operations.
Z denarjem, ki ga je dobila od prodaje, je družba zmanjšala obstoječe dolgove in vsaj zmanjšala izgube iz poslovanja.
Total proceeds from the sale of assets were ISK 580 million and were used to reduce long and short term debt.
Skupni iztržek od prodaje premoženja je znašal 580 milijonov ISK in se je uporabil za zmanjšanje dolgoročnega in kratkoročnega dolga.
The main aim of the company was to minimise capital expenses during the period of restructuring.
Glavni cilj družbe je bil čim bolj zmanjšati stroške kapitala med prestrukturiranjem.
All remaining long term debts were then renegotiated so that the company would not reduce the principal of the loan for two years following the sale.
Pogoji za preostale dolgoročne dolgove so bili na novo določeni, tako da se družbi dve leti po prodaji ne bi zmanjšala glavnica posojila.
According to the information provided, the most difficult part of the restructuring for the company was the re-negotiation of debt with creditors.
Po zagotovljenih informacijah so bila za družbo najtežji del prestrukturiranja ponovna pogajanja z upniki o dolgu.
It seems that the company had increased its short and long terms lending significantly over the three years prior to the sale, due to the losses incurred.
Zdi se, da je družba zaradi nastalih izgub v treh letih pred prodajo precej povečala svojo kratkoročno in dolgoročno zadolženost.
The company had signed loans with various institutions.
Posojila je najela pri različnih institucijah.
The credit institutions regarded these loans with Sementsverksmiðjan hf. as loans acquired by the State and were not willing to grant more credit to the company once privatised unless the outstanding loans were repaid.
Kreditne institucije so posojila, dodeljena družbi Sementsverksmiðjan hf., obravnavale kot posojila državi, in niso bile pripravljene družbi, ko je bila privatizirana, dodeliti dodatnih posojil, dokler ne bi bila plačana neodplačana posojila.
Therefore, the debt levels had to be reduced significantly which was achieved through the sale of assets redundant for cement production and/or distribution.
Zato je bilo treba precej znižati stopnjo zadolženosti, kar je družba dosegla s prodajo premoženja, ki ga ni potrebovala za proizvodnjo in/ali dostavo cementa.