COMMISSION DECISION
of 22 July 2009
on State aid C 18/05 (ex N 438/04, N 194/05 and PL 34/04) awarded by Poland to Stocznia Gdańsk
(notified under document C(2009) 5685)
(Only the Polish text is authentic)
(Text with EEA relevance)
(2010/175/EC)
I.
THE PROCEDURE
II.
DETAILED DESCRIPTION OF THE AID
1.
The company
(in PLN million) |
|||||||||
|
1999 |
2000 |
2001 |
2002 |
2003 |
2005 |
2006 |
2007 |
2008 |
Turnover |
153 |
212 |
251 |
168 |
98 |
185,6 |
221 |
308 |
248 |
Operating result (1999 to 2003); Net result (2005 to 2008). |
–32 |
–49 |
–38 |
–14(6) |
–47 |
– 100 |
–71 |
– 237 |
–17 |
2.
Decision to initiate proceedings under Article 88(2) of the EC Treaty
3.
Comments from interested parties
(a)
Comments by Gdynia Shipyard Group
(b)
Comments by other interested parties
(c)
Comments by Poland
4.
Chronological description of decisive events following the Commission’s decision to open the formal investigation
5.
The 2009 Restructuring Plan
(a)
Sales strategy
Products |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
Jibs |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Prefabricates |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Storage structures |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Steel structures for building |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Total |
[… more than 10 000] |
[…] |
[…] |
[…] |
[…] |
[… more than 50 000] |
[… more than 50 000] |
(b)
Industrial and operational restructuring
(c)
Financial restructuring
(d)
Costs of restructuring and own contribution
(e)
Financial projections
|
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
Inflation |
1,80 % |
2,13 % |
2,44 % |
2,31 % |
2,28 % |
2,26 % |
2,24 % |
2,19 % |
2,15 % |
2,11 % |
WIBOR 3M |
3,42 % |
3,34 % |
3,69 % |
3,85 % |
3,85 % |
3,85 % |
3,85 % |
3,85 % |
3,85 % |
3,85 % |
USD/PLN |
3,00 |
2,70 |
2,50 |
2,35 |
2,32 |
2,32 |
2,32 |
2,32 |
2,32 |
2,32 |
EUR/PLN |
3,90 |
3,75 |
3,50 |
3,30 |
3,25 |
3,25 |
3,25 |
3,25 |
3,25 |
3,25 |
Steel prices (EUR) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Change in energy prices |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
[…] % |
(f)
Avoidance of undue distortion of competition
6.
State aid granted to Gdańsk Shipyard
No |
Awarding body |
Aid instrument |
Legal basis |
Number of decision or agreement |
Date of award of aid |
Date of entry into force |
Period for which aid was awarded |
Nominal value of aid |
1. |
2. |
3. |
4. |
5. |
6. |
7. |
8. |
9. |
1. |
Social Insurance Fund |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 30.12.2004 No UPP/12/3/2004 |
30.12.2004 |
15.3.2005 |
one-off transaction |
13 521 851,00(29) |
2. |
Pomerania Tax Office |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 30.12.2004 No UPP/12/3/2004 |
30.12.2004 |
15.3.2005 |
one-off transaction |
24 215 557,00(29) |
3. |
Gdańsk I Tax Office |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 30.12.2004 No UPP/12/3/2004 |
30.12.2004 |
15.3.2005 |
one-off transaction |
1 215 460,00(29) |
4. |
Marshal of Pomerania Voivodship |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 30.12.2004 No UPP/12/3/2004 |
30.12.2004 |
15.3.2005 |
one-off transaction |
698 462,00(29) |
5. |
Social Insurance Fund |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 15.12.2005 No UPP/12/4/2005 |
15.12.2005 |
9.1.2006 |
one-off transaction |
2 975 558,00(29) |
6. |
Pomerania Tax Office |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 15.12.2005 No UPP/12/4/2005 |
15.12.2005 |
9.1.2006 |
one-off transaction |
5 398 177,00(29) |
7. |
Marshal of Pomerania Voivodship |
write-off |
Act of 30.10.2002 |
Decision by the President of the ARP of 15.12.2005 No UPP/12/4/2005 |
15.12.2005 |
9.1.2006 |
one-off transaction |
138 531,00(29) |
8. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 03/06.2005 |
6.6.2005 |
9.6.2005 |
26.8.2005 |
7 000 000,00 |
9. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 02/10.2005 |
27.10.2005 |
28.10.2005 |
31.1.2006 |
6 000 000,00 |
10. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 01/01.2006 |
11.1.2006 |
17.1.2006 |
30.6.2006 |
9 000 000,00 |
11. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 03/07.2006 |
27.7.2006 |
7.8.2006 |
31.10.2006 |
4 000 000,00 |
12. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 03/07.2006 |
27.7.2006 |
22.9.2006 |
28.2.2007 |
8 000 000,00 |
13. |
KPS |
loan |
statutory activity of KPS |
loan agreement No 01/11.2006 |
8.11.2006 |
16.11.2006 |
20.7.2007 |
4 000 000,00 |
14. |
PHZ Cenzin |
capital injection |
Polish Company Code of 15.9.2000 |
Act of 21.12.2006 |
21.12.2006 |
27.12.2006 (1st tranche of PLN 7 million) and 29.12.2006 (2nd tranche of PLN 13 million) |
one-off capital injection |
20 000 000,00 |
15. |
Gdynia Shipyard |
capital injection |
Polish Company Code of 15.9.2000 |
Act of 27.6.2005 |
27.6.2005 |
July 2005 (1st tranche of PLN 12 million) and August 2005 (2nd tranche of PLN 8 million) |
one-off capital injection |
20 000 000,00 |
16. |
Treasury |
guarantee — vessels 8184/9-10, 8184/12-13 and 8184/18 |
Act of 8 May 1997 on guarantees granted by the Treasury and some legal persons (Journal of Laws 2003/174 item 1689 as amended) |
Decree of the Council of Minister No 222/2004 of 21.9.2004 |
21.9.2004 |
1.10.2004 |
until 15.1.2008 |
161 285 903,00 |
17. |
ARP |
Guarantee for NORD/LB loan |
statutory activity of ARP |
Act of 17.8.2005 |
17.8.2005 |
17.8.2005 |
until 30.6.2000 |
20 000 000,00 |
18. |
Social Insurance Fund |
non-enforcement of liabilities |
— |
— |
— |
1.5.2004 |
31.9.2009(30) |
95 354 830,80(31) |
19. |
Gdańsk municipality |
non-enforcement of liabilities |
— |
— |
— |
1.5.2004 |
31.9.2009(30) |
|
20. |
Gdańsk municipality |
write-off |
Tax Act of 29.8.1997 |
not yet granted |
— |
— |
— |
2 226 300,00 |
|
|
|
|
|
|
|
TOTAL |
405 030 629,80 |