COMMISSION DECISION
of 16 March 2004
on the State aid paid by Italy to the Adriatica, Caremar, Siremar, Saremar and Toremar shipping companies (Tirrenia Group)
(notified under document number C(2004) 470)
(Only the Italian text is authentic)
(Text with EEA relevance)
(2005/163/EC)
I. PROCEDURE
II. DETAILED DESCRIPTION OF THE AID MEASURES
(in ITL million) |
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YEAR |
(A) OPERATING COSTS |
(B) OPERATING REVENUE |
(C) NET LOSS (accumulated losses minus accumulated revenue) (A — B) |
RETURN ON CAPITAL INVESTED |
AMOUNT OF ANNUAL SUBSIDY |
1992 |
– 127 018 |
64 772 |
– 62 772 |
8 258 |
70 504 |
1993 |
– 124 191 |
79 716 |
– 44 475 |
10 615 |
55 090 |
1994 |
– 158 533 |
80 324 |
– 78 209 |
7 819 |
86 028 |
1995 |
– 166 334 |
95 114 |
– 71 220 |
9 304 |
80 524 |
1996 |
– 170 095 |
95 422 |
– 74 673 |
7 935 |
82 608 |
1997 |
– 174 331 |
94 995 |
– 79 336 |
5 788 |
85 124 |
1998 |
– 175 809 |
114 210 |
– 61 599 |
5 271 |
66 870 |
1999 |
– 151 109 |
126 403 |
– 24 706 |
3 646 |
28 352 |
2000 |
– 137 255 |
109 786 |
– 27 469 |
4 377 |
31 846 |
2001 |
– 183 820 |
155 616 |
– 28 204 |
6 147 |
34 351 |
(in ITL million) |
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YEAR |
(A) OPERATING COSTS |
(B) OPERATING REVENUE |
(C) NET LOSS (accumulated losses minus accumulated revenue) (A — B) |
RETURN ON CAPITAL INVESTED |
AMOUNT OF ANNUAL SUBSIDY |
1992 |
– 33 519,0 |
7 464,0 |
– 26 055,0 |
1 342,0 |
27 397,0 |
1993 |
– 35 938,0 |
8 365,0 |
– 27 573,0 |
2 641,0 |
30 214,0 |
1994 |
– 35 295,2 |
9 383,8 |
– 25 911,4 |
1 606,2 |
27 517,6 |
1995 |
– 34 605,7 |
11 396,6 |
– 23 209,1 |
1 781,6 |
24 990,7 |
1996 |
– 34 972,8 |
11 533,5 |
– 23 439,3 |
1 560,4 |
24 999,7 |
1997 |
– 36 653,4 |
11 746,7 |
– 24 906,7 |
1 172,8 |
26 079,5 |
1998 |
– 39 602,0 |
11 744,0 |
– 27 858,0 |
973,0 |
28 831,0 |
1999 |
– 40 218,8 |
12 425,6 |
– 27 793,2 |
738,8 |
28 532,0 |
2000 |
– 36 300,0 |
12 652,0 |
– 23 648,0 |
828,0 |
24 476,0 |
2001 |
– 31 105,6 |
12 487,0 |
– 17 649,5 |
1 094,9 |
18 725,1 |
(in ITL million) |
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YEAR |
(A) OPERATING COSTS |
(B) OPERATING REVENUE |
(C) NET LOSS (accumulated losses minus accumulated revenue) (A — B) |
RETURN ON CAPITAL INVESTED |
AMOUNT OF ANNUAL SUBSIDY |
1992 |
– 43 511,0 |
27 406,0 |
– 16 105,0 |
1 367,0 |
17 472,0 |
1993 |
– 44 907,0 |
30 750,0 |
– 14 157,0 |
2 145,0 |
16 302,0 |
1994 |
– 47 696,6 |
32 759,0 |
– 14 937,0 |
1 312,1 |
16 249,1 |
1995 |
– 47 900,0 |
32 000,0 |
– 15 900,0 |
1 400,0 |
17 300,0 |
1996 |
– 50 516,1 |
32 483,3 |
– 18 032,8 |
1 285,0 |
19 317,8 |
1997 |
– 48 900,0 |
31 200,0 |
– 17 700,0 |
900,0 |
18 600,0 |
1998 |
– 50 801,0 |
29 996,0 |
– 20 805,0 |
718,0 |
21 523,0 |
1999 |
– 47 840,1 |
32 362,0 |
– 15 478,1 |
588,1 |
16 066,2 |
2000 |
– 45 675,0 |
34 577,0 |
– 11 098,0 |
1 993,0 |
13 091,0 |
2001 |
– 44 903,1 |
35 573,5 |
– 9 329,6 |
3 033,5 |
12 363,2 |
(in ITL million) |
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YEAR |
(A) OPERATING COSTS |
(B) OPERATING REVENUE |
(C) NET LOSS (accumulated losses minus accumulated revenue) (A — B) |
RETURN ON CAPITAL INVESTED |
AMOUNT OF ANNUAL SUBSIDY |
1992 |
– 79 543,0 |
26 903,0 |
– 52 640,0 |
2 874,0 |
55 514,0 |
1993 |
– 75 845,0 |
30 444,0 |
– 45 401,0 |
5 334,0 |
50 735,0 |
1994 |
– 78 549,7 |
32 845,7 |
– 45 704,0 |
3 336,0 |
49 040,0 |
1995 |
– 80 947,5 |
33 847,0 |
– 47 100,5 |
4 363,7 |
51 464,2 |
1996 |
– 85 934,6 |
32 724,0 |
– 53 210,6 |
3 888,4 |
57 099,0 |
1997 |
– 97 536,9 |
35 203,2 |
– 62 333,4 |
3 155,1 |
65 488,5 |
1998 |
– 106 563,1 |
37 244,8 |
– 69 318,3 |
2 599,3 |
71 917,6 |
1999 |
– 110 611,1 |
40 274,2 |
– 70 336,9 |
2 211,2 |
72 548,1 |
2000 |
– 102 881,0 |
43 335,0 |
– 59 546,0 |
3 940,0 |
63 486,0 |
2001 |
– 106 490,0 |
47 314,4 |
– 59 175,6 |
4 249,9 |
63 425,5 |
(in ITL million) |
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YEAR |
(A) OPERATING COSTS |
(B) OPERATING REVENUE |
(C) NET LOSS (accumulated losses minus accumulated revenue) (A — B) |
RETURN ON CAPITAL INVESTED |
AMOUNT OF ANNUAL SUBSIDY |
1992 |
– 59 987,0 |
20 543,0 |
– 39 444,0 |
26,0 |
39 470,0 |
1993 |
– 63 737,0 |
22 810,0 |
– 40 927,0 |
1 538,0 |
42 465,0 |
1994 |
– 69 365,7 |
25 470,0 |
– 43 894,8 |
1 690,0 |
45 584,8 |
1995 |
– 71 389,6 |
24 519,9 |
– 46 869,7 |
2 173,2 |
49 042,9 |
1996 |
– 71 404,3 |
26 613,7 |
– 44 790,6 |
1 867,4 |
46 658,0 |
1997 |
– 73 752,0 |
30 420,0 |
– 43 332,0 |
1 516,9 |
44 848,9 |
1998 |
– 77 143,0 |
31 920,0 |
– 45 223,0 |
1 287,0 |
46 510,0 |
1999 |
– 74 172,0 |
30 896,5 |
– 43 275,5 |
986,6 |
44 262,3 |
2000 |
– 70 114,0 |
32 594,0 |
– 37 520,0 |
2 291,0 |
39 818,0 |
2001 |
– 68 316,8 |
33 377,9 |
– 34 938,9 |
3 366,5 |
38 305,4 |
III. COMMENTS FROM THE PARTIES CONCERNED
IV. COMMENTS FROM THE ITALIAN AUTHORITIES
V. ASSESSMENT OF THE AID
(in ITL million) |
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COST ELEMENTS 2000 economic accounts |
ADRIATICA |
SAREMAR |
TOREMAR |
SIREMAR |
CAREMAR |
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Total costs |
139 893 |
36 299,6 |
– 45 675,0 |
– 102 881,1 |
70 113,8 |
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Operating revenue |
112 424 |
12 651,4 |
34 576,9 |
43 335,1 |
32 594,3 |
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Result (costs — revenue) |
– 27 469 |
– 23 648,2 |
– 11 098,1 |
– 59 546,0 |
– 37 519,5 |
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Return on capital invested |
3 571 |
828,2 |
1 993,0 |
3 940,4 |
2 290,5 |
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Compensation under Article 7 |
806 |
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Annual subsidy |
31 846 |
24 476,4 |
13 091,1 |
63 486,4 |
39 810,0 |
Cost elements |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Total costs |
127 018 |
124 191 |
158 533 |
166 334 |
170 095 |
174 331 |
179 809 |
151 109 |
137 255 |
Cost elements |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Total costs |
33 519 |
35 938 |
35 295,2 |
34 605,7 |
34 972,8 |
36 653,4 |
39 602,0 |
40 218,8 |
36 300,0 |
Cost elements |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Total costs |
43 511 |
44 907 |
47 696,6 |
47 900 |
50 516,1 |
48 900 |
50 801 |
47 840,1 |
45 675 |
Cost elements |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Total costs |
79 543 |
75 845 |
78 549,7 |
80 947,5 |
85 934,6 |
97 536,9 |
106 563,1 |
110 611,1 |
102 881 |
Cost elements |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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Total costs |
59 987 |
63 737 |
69 365,7 |
71 389,6 |
71 404,1 |
73 752,0 |
77 143,0 |
74 172,0 |
70 114 |
Year |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
Variation in inflation(52) |
|
4,2 |
3,9 |
5,4 |
3,9 |
1,7 |
1,8 |
1,6 |
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Short-term rates |
14,901 |
14,240 |
10,940 |
11,162 |
9,301 |
7,836 |
6,180 |
3,398 |
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Medium and long-term rates |
11,377 |
10,926 |
11,146 |
11,992 |
11,324 |
8,860 |
6,390 |
4,259 |
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