natgillin/translations-raw huggingface dataset:
The comparison submitted by Veidekke ASA shows that in respect of contracts tendered out in 2003 to 2006 the resulting winning prices were generally lower than the prices at which the contracts were previously transferred to Mesta AS.
Primerjava, ki jo je predložila družba Veidekke ASA, kaže, da so bile v zvezi s pogodbami, oddanimi prek razpisov v letih od 2003 do 2006, dobljene cene izbranih ponudnikov na splošno nižje od cen, po katerih so bile pogodbe prej prenesene na družbo Mesta AS.
Moreover, the overview also shows that the prices submitted in offers by Mesta AS (itself) in subsequent tenders are lower than the prices at which the contracts have been transferred to Mesta AS [90]:
Poleg tega pregled še kaže, da so bile cene, predložene v ponudbah družbe Mesta AS na poznejših razpisih, nižje od cen, po katerih so bile pogodbe prenesene na družbo Mesta AS: [90]
(million NOK)
(v milijonih NOK)
Tender year
Leto razpisa
Amount by which contract transfer price exceeds Mesta AS’ tender offers
Znesek, za katerega cena prenesene pogodbe presega razpisne ponudbe družbe Mesta AS
In 2006 Mesta AS won 21 out of 30 contracts [91].
Leta 2006 je družba Mesta AS na razpisih dobila 21 od 30 pogodb [91].
This means that out of a total of 108 contracts Mesta AS won 68 contracts which equals about 62,7 %.
To pomeni, da je od skupaj 108 pogodb družba Mesta AS na razpisih dobila 68 pogodb, kar je približno 62,7 %.
Previous price examinations and experience of the Public Road Administration
Predhodna preverjanja cen in izkušnje Uprave za javne ceste
The Norwegian authorities have explained that prior to the establishment of Mesta AS the Norwegian Parliament supported five test/pilot contracts which the Public Road Administration had planned to put up for public tender.
Norveški organi so pojasnili, da je norveški parlament pred ustanovitvijo družbe Mesta AS podprl pet preizkusnih/pilotnih pogodb, za katere je Uprava za javne ceste nameravala objaviti javni razpis.
The authorities have explained that the resulting prices were used to evaluate this type of contract internally (both in the period before and after the decision to establish Mesta AS in 2001).
Organi so pojasnili, da so bile dobljene cene uporabljene za notranjo oceno te vrste pogodb (v obdobju pred odločitvijo o ustanovitvi družbe Mesta AS v letu 2001 in po njej).
The prices have, however, not been used as a basis for fixing the prices of the transitional contracts.
Vendar te cene niso bile uporabljene kot podlaga za določitev cen prehodnih pogodb.
Upon queries by the Authority of the reason for this, the Norwegian authorities have explained that it had been decided that the value of the transitional contracts should be determined on the basis of the cost base for the contracts.
Po poizvedbah Nadzornega organa, zakaj je bilo tako, so norveški organi pojasnili, da je bila sprejeta odločitev, da se vrednost prehodnih pogodb določa na podlagi stroškovne osnove za pogodbe.
According to the authorities the winning prices of the five test/pilot contracts were as follows:
Po navedbah organov so bile cene izbranih ponudnikov pri petih preizkusnih/pilotnih pogodbah naslednje:
Bærum (1998) five years: NOK 74940000
Bærum (1998), pet let: 74940000 NOK,
Nedre Romerike (1999) five years: NOK 56000000
Nedre Romerike (1999), pet let: 56000000 NOK,
Ibestad Dyrøy (1999) four years: NOK 30418400
Ibestad Dyrøy (1999), štiri leta: 30418400 NOK,
Lågendalen (2000) four years: NOK 45706323
Lågendalen (2000), štiri leta: 45706323 NOK,
Våler og Åsnes (2001) five years: NOK 39018023.
Våler og Åsnes (2001), pet let: 39018023 NOK.
In December 2000 the Public Road Administration issued a report in which it examined the competitiveness of the operation and maintenance services of the Production Department [92].
Uprava za javne ceste je decembra 2000 objavila poročilo, v katerem je proučila konkurenčnost upravljavskih in vzdrževalnih storitev Oddelka za gradnjo [92].
The report contains preliminary results of August 2000 and the ability to compete has been calculated by identifying the relation between the calculated costs of a contract and the agreed price.
Poročilo vsebuje predhodne rezultate iz avgusta 2000, konkurenčna sposobnost pa je bila izračunana z ugotovitvijo povezave med izračunanimi stroški pogodbe in dogovorjeno ceno.
In the case of the contracts of the Production Department the costs represented 94 % of the price while with respect to contracts entered into by private entrepreneurs the costs represented 71 % of the price.
V primeru pogodb Oddelka za gradnjo so stroški obsegali 94 % cene, stroški pogodb samostojnih podjetnikov pa so obsegali 71 % cene.
It appears that the test/pilot cases formed the basis for coming to this conclusion.
Videti je, da so bili preizkusni/pilotni primeri podlaga za to ugotovitev.
On page 7 of the report the Bærum contract is listed as having an average annual value of NOK 15 million as a result of the public tender.
Na sedmi strani poročila je navedeno, da je povprečna letna vrednost pogodbe Bærum 15 milijonov NOK, kar izhaja iz javnega razpisa.
This figure is a result of price per km of 125000 × 120 km road which equals NOK 15 million (or NOK 75 million during five years) [93].
Ta podatek je zmnožek cene na kilometer ( 125000) in dolžine cest (120 km), kar znese 15 milijonov NOK (ali 75 milijonov NOK v petih letih) [93].
The Nedre Romerike contract is listed in the report with an annual value of NOK 11,2 million.
V poročilu je za pogodbo družbe Nedre Romerike navedena letna vrednost 11,2 milijona NOK.
The price per km is 50000 × 198 km road which equals NOK 9,9 million (or NOK 49,5 million during five years) [94].
Cena na kilometer je 50000, kar pomnoženo s 198 km cest znese 9,9 milijona NOK (ali 49,5 milijona NOK v petih letih) [94].
Aside from this, it appears, from questions posed by the transport committee in the Parliament to the Ministry of Transport in 1999–2000 concerning the situation of the Public Road Administration, that an analysis had been carried out in Akershus which showed that the price level of the operation and maintenance contracts was 20-25 % above those of the private contracts [95].
Poleg tega je iz vprašanj, ki jih je parlamentarni Odbor za promet postavil Ministrstvu za promet v letih 1999 in 2000 v zvezi s stanjem v Upravi za javne ceste, razbrati, da je bila v Akershusu opravljena analiza, ki je pokazala, da je bila raven cen v pogodbah o upravljanju in vzdrževanju za od 20 do 25 % višja od ravni cen v pogodbah s samostojnimi podjetniki [95].
Moreover, in a press release dated 17 April 2001 the Public Road Administration refers to the fact that a comparison between, on the one hand, four contracts under which maintenance and operation services were provided by private operators, and on the other hand, contracts under which the Production Department carried out corresponding services, showed that the lowest price offer amongst the private providers was about 15–20 % lower than that of the Production Department.
Poleg tega se Uprava za javne ceste v sporočilu za javnost z dne 17. aprila 2001 sklicuje na dejstvo, da je primerjava med štirimi pogodbami, po katerih so vzdrževalne in upravljavske storitve izvajali zasebni ponudniki, na eni strani in pogodbami, po katerih je ustrezne storitve izvajal Oddelek za gradnjo, na drugi strani pokazala, da je bila med zasebnimi izvajalci dejavnosti najnižja ponujena cena za približno od 15 do 20 % nižja od cene Oddelka za gradnjo.
The transitional contracts and the opening balance
Prehodne pogodbe in začetna bilanca
The Norwegian authorities have explained that the transitional contracts were assets which formed part of the discounted cash flow and were therefore taken into account when assessing the total value of Mesta AS.
Norveški organi so pojasnili, da so bile prehodne pogodbe sredstva, ki so bila del diskontiranega denarnega toka in zato upoštevana pri oceni skupne vrednosti družbe Mesta AS.
Temporary public service obligation
Začasna obveznost javne službe
The Norwegian authorities have explained that in accordance with Article 59(2) EEA the Norwegian authorities imposed an obligation on Mesta AS as of 1 January 2003 to carry out a public service obligation in the form of operation and maintenance services on the national road work.
Norveški organi so pojasnili, da so v skladu s členom 59(2) Sporazuma EGP družbi Mesta AS s 1. januarjem 2003 naložili obveznost izvajanja storitev javne službe v obliki upravljavskih in vzdrževalnih storitev na državnih cestah.
The report lays down the fundamental requirements for ensuring that the standard of the operation and maintenance works are sufficient for maintaining road safety via setting concrete standards or actions with respect to tunnels, drainage, road coverage, bridges, quays and pavements (the ‘Standardisation Report’) [99].
Poročilo določa temeljne zahteve za zagotovitev, da standardi upravljavskih in vzdrževalnih del zadoščajo za ohranitev varnosti v cestnem prometu, tako da so opredeljeni konkretni standardi ali ukrepi glede predorov, drenaže, cestišč, mostov, nabrežij in pločnikov ( „Standardizacijsko poročilo“) [99].
The Standardisation Report also lays down specific standards in relation to reliable winter maintenance to ensure maintenance of road safety.
Standardizacijsko poročilo določa tudi posebne standarde glede zanesljivega vzdrževanja pozimi, da bi zagotovili ohranjanje varnosti v cestnem prometu.
Up until 1 January 2003 this task involved monitoring mainly the works of one service provider, i.e., the Production Department.
Do 1. januarja 2003 je ta naloga vključevala predvsem spremljanje gradenj enega ponudnika storitev, tj. Oddelka za gradnjo.
However, after that date this task would take on a new dimension since road maintenance work would be subject to public tenders and hence carried out by a number of different service providers.
Po tem datumu pa bi ta naloga dobila novo razsežnost, saj bi cestna vzdrževalna dela postala predmet javnih razpisov in bi jih tako izvajali številni različni ponudniki storitev.
In this regard it appears from preparatory legislative works that the rationale behind a gradual opening of the market was to ensure that the Public Road Administration could continue to adequately control and ensure that road standards and safety would be kept at a satisfactory level [101].The Norwegian authorities have further explained that this is also the motivation behind tendering out the most risky and demanding contracts at the end of the process while the simplest and smallest were tendered out first [102].
V zvezi s tem je iz pripravljalnih zakonodajnih aktov razbrati, da je bil namen postopnega odpiranja trga zagotoviti, da bi Uprava za javne ceste lahko še naprej ustrezno nadzirala in zagotavljala doseganje standardov za ceste in varnost v cestnem prometu na zadovoljivi ravni [101].Norveški organi so še pojasnili, da je bil to tudi razlog, zakaj so najbolj tvegana in zahtevna dela na razpisih prek pogodb oddali na koncu postopka, najpreprostejša in najmanj obsežna dela pa so oddali najprej [102].
By leaving the most challenging contracts to the end, the Public Road Administration would already have obtained a fair amount of experience from having supervised and monitored several service providers after the first tender rounds.
Pogodbe, ki so pomenile največji izziv, naj bi oddali na koncu, ko bi Uprava za javne ceste že dobila dovolj izkušenj z nadzorom in spremljanjem več ponudnikov storitev iz prvih krogov razpisa.
The Public Road Administration would therefore have the best possible conditions for maintaining control of the level of road safety by the time the more challenging contracts were tendered out [103].
Uprava za javne ceste bi tako imela najboljše možne pogoje za ohranjanje nadzora ravni varnosti v cestnem prometu do takrat, ko bi bila prek pogodb oddana zahtevnejša dela [103].
With respect to payment of compensation for the public services the Norwegian authorities have submitted the following tables providing an overview of the costs, revenues and rate of return in respect of the services provided by Mesta AS under the transitional operation and maintenance contracts [104].
Glede plačila nadomestila za javne storitve so norveški organi predložili naslednje tabele, v katerih je pregled stroškov, prihodkov in donosnosti v zvezi s storitvami družbe Mesta AS v skladu s prehodnimi pogodbami o upravljanju in vzdrževanju [104].
Table 1 shows that in relation to total capital invested in Mesta AS, capital has been allocated to the transitional operation and maintenance contracts with the same proportion as that which the share of revenue from the transitional contracts represents out of total revenue.
Prva tabela kaže, da so bila v odnosu do celotnega kapitala, vloženega v družbo Mesta AS, sredstva, dodeljena prehodnim pogodbam o upravljanju in vzdrževanju, v enakem razmerju, kot je bil delež prihodkov iz prehodnih pogodb v celotnih prihodkih.
Mesta AS – capital allocation
Mesta AS: dodeljeni kapital
Total Capital
Skupni kapital
Opening balance
Začetna bilanca
Closing balance
Končna bilanca
Total turnover Mesta
Skupni promet družbe Mesta AS
Total turnover operation and maintenance
Skupni promet na področju upravljanja in vzdrževanja
Share of operation and maintenance turnover compared to total turnover
Delež skupnega prometa na področju upravljanja in vzdrževanja v primerjavi s skupnim prometom
Capital allocated to operation and maintenance
Kapital, dodeljen za upravljanje in vzdrževanje
Share of operation and maintenance capital allocated to transitional contracts (%)
Delež kapitala za upravljanje in vzdrževanje, dodeljenega prehodnim pogodbam
Share of operation and maintenance capital allocated to transitional contracts (NOK)
Delež kapitala za upravljanje in vzdrževanje, dodeljenega prehodnim pogodbam
Mesta AS: Revenue, costs and rate of return for transitional operation and maintenance contracts
Mesta AS: prihodki, stroški in donosnost za prehodne pogodbe o upravljanju in vzdrževanju
Profit before tax [105]
Dobiček pred obdavčitvijo [105]
Capital allocated to transitional contracts
Kapital, dodeljen prehodnim pogodbam
Actual return on capital
Dejanska donosnost kapitala
The Norwegian authorities have explained that the average rate of return in the operation and maintenance market, that is, the ‘reference rate of return’ is the weighted average cost of capital (‘WACC’) after tax of 8,42 % [106].
Norveški organi so pojasnili, da je povprečna donosnost na trgu upravljanja in vzdrževanja, tj. „referenčna donosnost“, tehtano povprečje stroškov kapitala („WACC“) po obdavčitvi, ki je 8,42 % [106].
The following table provides an overview of the composition of the reference rate of return.
Naslednja tabela vsebuje pregled sestave referenčne donosnosti.
Composition of reference rate of return
Sestava referenčne donosnosti
Weighted average cost of capital (WACC)
Tehtano povprečje stroškov kapitala (WACC)
Risk free interest [107] before tax
Netvegane obresti [107] pred obdavčitvijo
Market rate risk premium [108]
Premija za tveganje tržne cene [108]
Total capital beta
Beta vrednost kapitala skupaj
Net debt/equity
Neto dolg / trajni kapital
Equity beta
Beta vrednost trajnega kapitala
Cost of equity after tax
Stroški trajnega kapitala po obdavčitvi
Cost of outside capital
Stroški zunanjega kapitala
Risk free interest before tax
Netvegane obresti pred obdavčitvijo
Premium on loan
Kreditna premija
Cost of outside capital before tax
Stroški zunanjega kapitala pred obdavčitvijo
Cost of outside capital after tax
Stroški zunanjega kapitala po obdavčitvi
Cost of equity
Stroški trajnega kapitala
Share of equity
Delež trajnega kapitala
Weighted cost of equity after tax
Tehtani stroški trajnega kapitala po obdavčitvi
Share of outside capital
Delež zunanjega kapitala
Weighted cost of outside capital after tax
Tehtani stroški zunanjega kapitala po obdavčitvi
WAAC cost of total capital after tax
Stroški WAAC celotnega kapitala po obdavčitvi
The reference rate of return of 8,42 % is based on a beta value of 1 which has been fixed by reference to:
8,42-odstotna referenčna donosnost temelji na beta vrednosti 1, ki je bila določena s sklicevanjem na:
Observations of the beta value over a 40 month period (2002–2007) of 15 comparable companies (such as Veidekke ASA, Skanska AB-B SHS, PEAB AB) [109];
ugotovitve beta vrednosti v 40-mesečnem obdobju (2002–2007) v petnajstih primerljivih družbah (kot so Veidekke ASA, Skanska AB-B SHS, PEAB AB) [109];
the rate of return is correlated on the basis of Morgan Stanleys ‘All Country World Index’ [110];
korelacijo donosnosti na podlagi svetovnega indeksa vseh držav pri družbi Morgan Stanley („All Country World Index“) [110];
the equity share has been considered to be in line with the sector average (based on 15 comparable companies) [111].
skladnost deleža trajnega kapitala s povprečjem v panogi (na podlagi petnajstih primerljivih družb) [111].
Finally, the following table shows the difference between the reference rate of return and the actual return obtained by Mesta AS on the operational and maintenance contracts in the relevant years.
Naslednja tabela pa kaže razliko med referenčno donosnostjo in dejanskim donosom družbe Mesta AS pri pogodbah o upravljanju in vzdrževanju v zadevnih letih.
Rate of return
Donosnost
Mesta: rate of return
Mesta AS: donosnost
Reference rate of return
Referenčna donosnost
Surplus return
Presežna donosnost
Surplus return (in million NOK)
Presežna donosnost (v milijonih NOK)
DOCUMENT DUTY AND REGISTRATION FEES
TAKSE ZA DOKUMENTE IN VPIS V ZEMLJIŠKO KNJIGO
According to the Mesta Act real estate transferred from the Production Department to Mesta AS was to be registered in the Norwegian real estate registry as a ‘name change’ [112].
V skladu z zakonom Mesta je bilo treba nepremičnine, ki so bile z Oddelka za gradnjo prenesene na družbo Mesta AS, vpisati v norveški register nepremičnin kot „spremembo imena“ [112].
This meant that Mesta would have its real estate registered in the real estate registry without incurring document duty and registration fees which normally fall due in the case of transfer of title to property in Norway [113].In Norway an administrative practice, referred to as the ‘continuity principle’ provides for an exemption from payment of document duty and registration fee in cases where the undertaking is considered to ‘continue’ in some form.
To je pomenilo, da bi družba Mesta AS vpisala svoje nepremičnine v register nepremičnin, ne da bi plačala takse za dokumente in vpis v zemljiško knjigo, ki jih je običajno treba plačati v primeru prenosa lastninske pravice na Norveškem [113].Na Norveškem upravna praksa, imenovana „načelo kontinuitete“, omogoča oprostitev plačila takse za dokumente in vpis v zemljiško knjigo v primerih, ko za podjetje velja, da se v neki obliki „nadaljuje“.
Two circulars have been issued by the Ministry of Justice on the application of the continuity principle.
Ministrstvo za pravosodje je glede uporabe načela kontinuitete izdalo dve okrožnici.
According to the First Circular, which was applicable on 1 January 2003, only mergers between limited liability companies can benefit from the continuity principle [114].
V skladu s prvo okrožnico, ki je veljala 1. januarja 2003, se lahko načelo kontinuitete uporabi le pri združitvah družb z omejeno odgovornostjo [114].
On 18 July 2007, the Authority adopted the Opening Decision to initiate a formal investigation on the basis of the preliminary finding that the measures taken in the context of establishment of Mesta AS could involve State aid which would not qualify for any of the exemptions provided for in the EEA Agreement [116].
Nadzorni organ je 18. julija 2007 sprejel odločbo o sprožitvi formalnega postopka preiskave na podlagi predhodne ugotovitve, da bi lahko ukrepi, sprejeti v okviru ustanovitve družbe Mesta AS, vključevali državno pomoč, ki ne izpolnjuje nobenega od pogojev za izvzetje, določenih v Sporazumu EGP [116].
The Authority therefore had doubts that the relevant measures could be considered to be compatible with the functioning of the EEA Agreement.
Zato je Nadzorni organ podvomil, ali bi zadevne ukrepe lahko obravnavali kot združljive z delovanjem Sporazuma EGP.
The relevant measures concern the restructuring measures, value assessment of assets, transitional contracts transferred to Mesta AS and the lack of payment of document duty and registration fees.3.
Ti ukrepi zadevajo ukrepe za prestrukturiranje, oceno vrednosti sredstev, prehodne pogodbe, prenesene na družbo Mesta AS, ter neplačilo taks za dokumente in vpis v zemljiško knjigo.3.
Comments have been received from four interested parties after the Opening Decision following which the Authority and various interested parties have had a comprehensive dialogue on the issues involved.
Po odločbi o sprožitvi postopka so bile prejete pripombe štirih zainteresiranih strank, sledil pa je izčrpen dialog Nadzornega organa in zainteresiranih strank glede obravnavanih vprašanj.
The law firm, Arntzen de Besche (‘Arntzen’) has submitted comments on behalf of Mesta AS.
Odvetniška družba Arntzen de Besche (v nadaljnjem besedilu: Arntzen) je predložila pripombe v imenu družbe Mesta AS.
On the issue of state compensation for restructuring measures Arntzen submits that the key issue is whether the costs represent a liability of the state.
Družba Arntzen glede vprašanja državnega nadomestila za ukrepe za prestrukturiranje navaja, da je ključno vprašanje, ali stroški pomenijo obveznost države.
It is only if this is not the case that the restructuring costs may be considered to form part of the normal budget of Mesta AS and a reimbursement for such costs represents an economic advantage.
Samo če ni tako, je mogoče stroške prestrukturiranja obravnavati kot del običajnega proračuna družbe Mesta AS, nadomestilo takih stroškov pa pomeni gospodarsko prednost.
Based on the ‘Combus’ judgment the decisive issue is whether the compensation ‘lightens the burdens normally assumed in an undertaking’s budget’ and it is only relief from such costs which constitute an economic advantage [117].A distinction must be drawn between compensation of (i) costs incurred in the normal operation of a company and (ii) imposed costs which are therefore not incurred in the normal operation of the company and do not correspond to cost obligations of competitors.
Na podlagi sodbe „Combus“ je odločilno vprašanje, ali nadomestilo „razbremenjuje podjetje bremena, ki je običajno predvideno v proračunu podjetja“, in le oprostitev takih stroškov pomeni gospodarsko prednost [117]. Treba je razlikovati med nadomestilom (i) stroškov, nastalih pri običajnem poslovanju družbe, in (ii) naloženih stroškov, ki torej niso nastali med običajnim poslovanjem družbe in ne ustrezajo stroškovnim obveznostim tekmecev.
Compensation of the latter type of costs may, as in this case, merely offset or neutralise a structural disadvantage by ensuring a level playing field and do therefore not constitute State aid.
Nadomestilo zadnje vrste stroškov lahko, tako kot v tem primeru, le izravna ali nevtralizira strukturno pomanjkljivost, tako da zagotovi enake pogoje delovanja, in zato ne pomeni državne pomoči.
On this basis Arntzen submits that compensation for restructuring measures to Mesta AS originate in a State liability with the objective of offsetting structural disadvantages and does therefore not involve State aid.
Družba Arntzen na podlagi tega navaja, da nadomestilo za ukrepe za prestrukturiranje, namenjeno družbi Mesta AS, izhaja iz obveznosti države, katere cilj je izravnati strukturne pomanjkljivosti, in tako ne pomeni državne pomoči.
In the event the Authority should find that the restructuring measures do involve State aid, Arntzen submits that the aid is compatible since it allows Mesta AS to compete on a level playing field in a market just opened for competition.
Če bi Nadzorni organ ugotovil, da ukrepi za prestrukturiranje vključujejo državno pomoč, družba Arntzen navaja, da je pomoč združljiva, saj družbi Mesta AS omogoča, da tekmuje pod enakimi konkurenčnimi pogoji na trgu, ki je bil nedavno odprt za konkurenco.