COMMISSION DECISION
of 20 December 2006
on State aid No C 3/2005 (ex N 592/2004 (ex PL 51/2004)) which Poland is planning to implement for Fabryka Samochodow Osobowych SA (formerly DAEWOO — FSO Motor SA)
(notified under document number C(2006) 6628)
(Only the Polish text is authentic)
(Text with EEA relevance)
(2007/509/EC)
1. PROCEDURE
2. DETAILED DESCRIPTION OF THE AID
2.1. Beneficiary of the aid
2.2. Difficulties and efforts to find a strategic investor
|
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
Total sales(5) (1 000 cars) including assembly kits |
189 |
121 |
47 |
30 |
35 |
43 |
47 |
2.3. Markets(8)
2.4. The restructuring plan
|
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
FSO S.A. |
8 769 |
[…] |
[…] |
[…] |
[…] |
[…] |
2 236 |
Service, component, and other subsidiaries |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Subsidiaries responsible for sales |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Total FSO S.A. + subsidiaries |
19 099 |
[…] |
[…] |
[…] |
[…] |
[…] |
6 534 |
Item |
Liabilities (PLN 1 000) |
Interest (PLN 1 000) |
Total (PLN 1 000) |
Liabilities converted into shares (PLN 1 000) |
Written off (PLN 1 000) |
DMC |
[…] |
[…] |
[…] |
[…] |
[…] |
State Treasury |
[…] |
[…] |
[…] |
[…] |
[…] |
Arrangement proceedings |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] financial institutions |
[…] |
[…] |
[…] |
[…] |
[…] |
Total |
4 193 892 |
873 849 |
5 067 741 |
3 547 475 |
1 188 500 |
The amount of liabilities under the loans was quoted in accordance with the Agreement (taking into account the USD exchange rate as at the date of the Agreement, i.e. 3,94 PLN/USD). |
2.5. Aid measures
No |
Authority granting State aid/Type of liability |
Form of State aid |
Measure in nominal value (USD 1 000) |
1 |
Ministry of Finance |
Guarantees and pledges on investment credit |
83 000 |
No |
Authority granting State aid/Type of liability |
Form of State aid |
Amount of debt written-off or deferred/measures in nominal value (PLN 1 000) |
2 |
Tax office Warsaw Prague |
Write-off |
34 860 |
3 |
Social Insurance Institute |
Write-off |
1 586 |
4 |
State Fund for Rehabilitation of Disabled Persons (PFRON) Payments to PFRON |
Write-off, Deferral into 5 quarterly instalments; First instalment payable 30 June 2005 |
467 382 |
5 |
State Fund for Rehabilitation of Disabled Persons (PFRON) Payments to PFRON |
Write-off, Deferral into 6 quarterly instalments; First instalment payable 1 January 2006 |
375 375 |
6 |
Warsaw City Authority Real estate tax |
Deferral into 12 monthly instalments First instalment payable 2 January 2006 |
5 836 |
7 |
Warsaw City Authority Białołęka District Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2005 |
376 |
8 |
Warsaw City Authority Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2005 |
2 022 |
9 |
District Starost Office in Ełk Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2005 |
56 |
10 |
Ełk City Authority Real estate tax |
Deferral into 12 monthly instalments of liabilities for April and May 2004 First instalment payable 31 December 2004 |
54 |
11 |
Ełk City Authority Real estate tax |
Deferral into 12 monthly instalments First instalment payable 30 June 2005 |
323 |
12 |
Kożuchów City Authority Real estate tax |
Deferral into 12 monthly instalments First instalment payable 1 January 2005 |
458 |
13 |
Mazowiecki Provincial Governor Fee for perpetual usufruct of land |
Write-off of fee for 2004 |
2 419 |
14 |
Warsaw City Authority |
Write-off of fee for 2004 |
397 |
15 |
District Starost Office in Opole Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2004 |
79 |
16 |
District Starost Office in Opole Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2005 |
79 |
17 |
District Starost Office in Nysa Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2004 |
89 |
18 |
District Starost Office in Nysa Fee for perpetual usufruct of land |
Deferral of fee until 31 December 2005 |
81 |
19 |
Nysa City Authority Real estate tax |
Write-off, Deferral into instalments payable in 16 quarterly instalments |
341 341 |
20 |
2nd Mazowiecki Tax office, Warsaw Tax on civil law transactions |
Write-off |
1 103 |
21 |
2nd Mazowiecki Tax office, Warsaw Tax on civil law transactions |
Write-off |
671 |
22 |
II Customs Office in Warsaw Customs duties |
Deferral of payments for May and June 2004 until December 2004 |
1 050 |
23 |
II Customs Office in Warsaw Customs duties |
Deferral of payments for July and August 2004 until January 2005 |
1 000 |
24 |
National Fund for Environmental Protection and Water Management/Provincial Fund for Environmental Protection and Water Management State Treasury |
Subsidy or preferential loan to finance costs for the implementation and functioning by the end of 2008 of a system to recycle vehicles and the costs of adapting to legal requirements concerning environmental protection |
7 170 |
|
|
TOTAL in PLN (rows 2-24) |
61 990 |
2.6. Grounds for initiating the procedure
3. POLAND’S COMMENTS
Production forecast (1 000 cars) |
2006 |
2007 |
2008 |
2009 |
2010 |
Letter of 22 May 2006(16) |
|
|
[…] |
[…] |
[> 200] |
Document of 31 August 2006 (Production forecast including assembly kits) |
[< 100] |
[…] |
[…] |
|
|