COMMISSION DECISION
of 23 March 2011
on State aid C 10/10 (ex N 562/09) which Spain intends to grant for the restructuring of A NOVO Comlink
(notified under document C(2011) 1740)
(Only the Spanish text is authentic)
(Text with EEA relevance)
(2012/178/EU)
I.
PROCEDURE
II.
DESCRIPTION OF THE MEASURE
1.
The notified restructuring plan
2.
Measures not notified to the Commission
3.
Recipient
(in EUR) |
|||||||
|
2001 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
Capital |
15 000 000 |
14 684 923 |
6 167 668 |
6 167 668 |
8 967 667 |
4 056 802 |
2 057 000 |
(in EUR) |
||||
|
2006 |
2007 |
2008 |
2009 |
Increasing losses |
–2 603 000 |
–4 549 000 |
–3 923 000 |
– 292 000 |
Diminishing turnover |
22 090 000 |
21 853 000 |
15 305 000 |
15 464 000 |
4.
Grounds for initiating the procedure
III.
COMMENTS FROM SPAIN
(in EUR) |
||||||
|
Month 1 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Month 6 |
Revenues |
1 440 998,00 |
1 685 785,00 |
1 586 880,00 |
1 403 600,00 |
1 405 920,00 |
1 549 760,00 |
Expenses |
1 632 677,00 |
4 231 415,00 |
2 631 987,00 |
2 684 834,00 |
1 754 309,00 |
1 504 723,00 |
Balance |
– 191 679,00 |
–2 545 630,00 |
–1 045 107,00 |
–1 281 234,00 |
– 348 389,00 |
45 037,00 |
Cumulative balance |
– 191 679,00 |
–2 737 309,00 |
–3 782 416,00 |
–5 063 650,00 |
–5 412 039,00 |
–5 367 002,00 |
(EUR million) |
||||
|
A NOVO Group SA (France) |
A NOVO (Spain) |
||
2008 |
2009 |
2008 |
2009 |
|
Sales |
350 |
366 |
14,9 |
15,5 |
Profits |
–17 |
12 |
–3,9 |
–0,3 |
Own resources |
45 |
53 |
0 |
1,8 |
Short-term loans |
28 |
18 |
3,4 |
2 |
Long-term loans |
56 |
51 |
0,6 |
0,7 |
Cash flow |
–0,3 |
2 |
–0,6 |
–0,9 |
Assets |
230 |
225 |
14,2 |
13,4 |