DOCSLIB.ORG

Van De Velde D

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Van De Velde D Delft University of Technology Competition in Public Transport An Exploratory Research in Institutional Frameworks in the Public Transport Sector van de Velde, Didier DOI 10.4233/uuid:dce92e5c-e2b1-43b0-80a4-7a0b6a4cd727 Publication date 2019 Document Version Final published version Citation (APA) van de Velde, D. (2019). Competition in Public Transport: An Exploratory Research in Institutional Frameworks in the Public Transport Sector. https://doi.org/10.4233/uuid:dce92e5c-e2b1-43b0-80a4- 7a0b6a4cd727 Important note To cite this publication, please use the final published version (if applicable). Please check the document version above. Copyright Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons. Takedown policy Please contact us and provide details if you believe this document breaches copyrights. We will remove access to the work immediately and investigate your claim. This work is downloaded from Delft University of Technology. For technical reasons the number of authors shown on this cover page is limited to a maximum of 10. Public Transport Public in Competition Uitnodiging Didier van de Velde is involved in teaching and research at Delft University of Technology. He Competition in voor het bijwonen van de is active as international expert and advisor on openbare verdediging van governance and institutional reforms in the public het proefschrift transport and railway sectors. The central research aim of this thesis is to gain a Public Transport Competition in deeper understanding of the variety of institutional frameworks that can exist in the public transport Public Transport sector and on how these develop. The main focus of this dissertation is located on the growing and An Exploratory Research evolving role of ‘competition’ as an institutional in institutional feature that can take many guises. Frameworks in the Public Transport Sector An Exploratory Research van in Institutional Frameworks in the Public Transport Sector Didier van de Velde op vrijdag 29 november 2019 om 12:00 in de Aula van de Technische Universiteit Delft, Mekelweg 5 in Delft Aansluitend is er een receptie Didier van de Velde de van Didier Didier van de Velde Competition in Public Transport An Exploratory Research in Institutional Frameworks in the Public Transport Sector Didier van de Velde Competition in Public Transport An Exploratory Research in Institutional Frameworks in the Public Transport Sector Dissertation for the purpose of obtaining the degree of doctor at Delft University of Technology by the authority of the Rector Magnificus, prof.dr.ir. T.H.J.J. van der Hagen chair of the Board for Doctorates to be defended publicly on Friday 29 November 2019 at 12:30 o’clock By Didier Maurice VAN DE VELDE Licencié en Sciences Economiques, Université Catholique de Louvain, Belgium born in Brussels, Belgium This dissertation has been approved by the promotors. Composition of the doctoral committee: Rector Magnificus, Chairman Prof.dr. J.P.M. Groenewegen Delft University of Technology, promotor Dr. W.W. Veeneman Delft University of Technology, copromotor Independent members: Prof.dr. G.P. van Wee Delft University of Technology Prof.dr. J.F.M. Koppenjan Erasmus University Rotterdam Em.Prof.dr. C. Mulley University of Sydney (Australia) Em.Prof.dr. B. Faivre d’Arcier Université Lumière - Lyon 2 (France) Dr. C.H. Sørensen Swedish National Road and Transport Research Institute Prof.mr.dr. J.A. de Bruijn Delft University of Technology, reserve member Keywords Public transport, competition, regulation, deregulation, competitive tendering, institutions Printed by GildePrint - The Netherlands Cover D.M. van de Velde, icons via stock.adobe.com Copyright © D.M. van de Velde, 2019 ISBN 978-94-6384-084-2 An electronic copy of this dissertation is available at https://repository.tudelft.nl Acknowledgements This dissertation brings together research spanning a few decades. It started many years ago when I worked as a young researcher at Erasmus University Rotterdam. Various events and changing priorities over the years led to interruptions and postponement, including private circumstances and new opportunities in particular in the consulting field. With time passing and my switch to TU Delft, this also led to a redefinition and refinement of the research towards what it has become today. Several professors had a determinant role in what this research has become. I would like to thank Prof. Henry Tulkens (UCL, Louvain-la-Neuve) who was the first to spark my interest for issues related to efficiency in the public sector when I was still a student in Lou- vain-la-Neuve. I thank in particular Prof. Ken Gwilliam (Erasmus University Rotterdam) with whom I had extensive discussions on competition in public transport, who helped me develop my international network and to whom I am deeply indebted for much of what I learned in the public transport field. I would also like to thank Prof. Leo Sleuwaegen (KU Leuven and Erasmus University Rotterdam) for the support and new perspectives he gave after Ken Gwilliam’s departure to the World Bank. My gratitude also goes to Prof. Ernst ten Heuvelhof for the trust he placed in me, welcoming me at TU Delft and making this dissertation possible. To Prof. John Groenewegen, my promotor at TU Delft, I express my deepest gratitude for helping me setting up this dissertation, and for his continuous and ever so kind and insightful theoretical and practical support all over these last years. It is thanks to him and his encouragements that I have been able bring together the various strands of my research and realise this dissertation. Many colleagues have, directly or indirectly, contributed through stimulating discussions and through a pleasant working environment to what this thesis has become. With the risk of forgetting someone, I would like to mention a number of persons with whom I have had more intensive discussions on topics related to this thesis. This includes in particular Wijnand Veeneman, my copromotor at TU Delft, my former colleagues Hans Verhoeff and Peran van Reeven at Erasmus University, and John Preston, Peter White, Chris Nash, Gunnar Alexandersson and Takahiko Saito for their help and for invaluable discussions on governance and competition in bus and rail. A special word of thanks goes to Prof. David Hensher for his support, stimulating comments and the opportunity given to organise the 11th Thredbo conference in Delft in 2009, and to the Thredbo research community that has been so important for the realisation of this dissertation. I wish to express my gratitude to my co-authors for the kind cooperation during the realisation of the various studies and papers that have contributed to this thesis. Finally, I also want to thank my earlier col- leagues at the Department of Regional, Port and Transport Economics of Erasmus Univer- ACKNOWLEDGEMENTS v sity Rotterdam, my current colleagues at the Section Organisation and Governance of TU Delft and my colleagues at inno-V for their continued support and everydaygezelligheid . I am also indebted to the numerous interviewees and to several colleagues in the consulting world for providing me with deeper practical insights in the functioning of competition in this sector, answering my numerous questions and spending time discussing with me. I would like to mention Olivier Domenach, Maryline Bessone, Thomas Avanzata, Bård Norheim, Jan Werner, Christoph Schaaffkamp, Andreas Wettig and of course all of my colleagues at inno-V who, with their wealth of practical experience, enriched my vision on competition in public transport. Many thanks too to Jan-Jaap de Vlieger and Marcel van Winsen for their help in finalising this book and organising the defence day. Finally, writing a thesis is a heavy burden for one’s family, especially when it takes so long. Thank you Ingrid, Martijn, Lise and Janwillem for your patience, support and loving care over all those years. Amsterdam, October 2019 Didier van de Velde vi COMpetiTiON iN pubLiC TrANSpOrT Contents Part I Introduction . 1 1 Introduction ...................................................... 3 1.1 Research context .....................................................3 1.2 Research aims and main research questions .............................4 1.3 Theoretical framework ................................................5 1.4 Scope of the research .................................................9 1.5 Research method .....................................................9 1.6 Overview of the thesis ................................................10 Part II The Path to Competition . 13 2 Introduction ......................................................15 3 Towards competition in the 1980s and 1990s ..........................17 3.1 Taking stock at the end of the 1980s ...................................17 3.2 The potential for regulatory change in 1990 .............................21 3.3 A burgeoning debate on competition and its options in the 1990s .........35 3.4 Observations ........................................................42 4 Typologies of institutions .......................................... 43 4.1 The right of initiative and decision layering in service supply .............44 4.2 Institutional layers ...................................................62 5 Competition in practice ..........................................
Load more

Recommended publications
  • Study to Evaluate the Effectiveness of the European Works Councils in the Transport Sector
    Study to evaluate the effectiveness of the European Works Councils in the transport sector EUROPEAN COMMISSION Directorate-General for Mobility and Transport Directorate DG MOVE Unit D4 Contact: [] E-mail: […]@ec.europa.eu (functional e-mail if existing, or Firstname.Lastname) European Commission B-1049 Brussels EUROPEAN COMMISSION Study to evaluate the effectiveness of the European Works Councils in the transport sector A study by ICF International Director of Study: Tina Weber Written by: Tina Weber, Anne-Mari Hall, Helen Quaresma, Ines Maillart “The information and views set out in this study are those of the author(s) and do not necessarily reflect the official opinion of the Commission. The Commission does not guarantee the accuracy of the data included in this study. Neither the Commission nor any person acting on the Commission’s behalf may be held responsible for the use which may be made of the information contained therein.” Directorate-General for Mobility and Transport December , 2015 EUR [number] EN Study to evaluate the effectiveness of the European Works Councils in the transport sector Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) The information given is free, as are most calls (though some operators, phone boxes or hotels may charge you). LEGAL NOTICE This document has been prepared for the European Commission however it reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.
    [Show full text]
  • WSRC3290 ASCP 2018 Conference Program FA.Indd
    AUSTRALASIAN SOCIETY FOR CONTINENTAL PHILOSOPHY ANNUAL CONFERENCE 2018 AUSTRALASIAN SOCIETY FOR CONTINENTAL PHILOSOPHY ANNUAL CONFERENCE 2018 ACKNOWLEDGMENT OF COUNTRY THANKS TO Western Sydney University would like to acknowledge the ≥ Professor Peter Hutchings, Dean of the School of Humanities Burramattagal people of the Darug tribe, who are the traditional and Communication Arts custodians of the land on which Western Sydney University at Jacinta Sassine and the student volunteers Parramatta stands. We respectfully acknowledge the Burramattagal ≥ people’s Ancestors and Elders, past and present and acknowledge ≥ Hannah Stark, Timothy Laurie and student volunteers their 60,000 year unceded occupation of these lands. who organized the PG event ≥ Panel organisers: Dr Suzi Adams and Dr Jeremy Smith; Professor WELCOME Thomas M. Besch; Professor Francesco Borghesi; Dr Sean Bowden; Associate Professor Diego Bubbio; Dr Millicent Churcher; Dr Richard The Conference Organising Committee for 2018 extends a warm Colledge; Dr Ingo Farin; Associate Professor Chris Fleming; Dr John welcome to all our international and Australian participants, and all Hadley; Professor Vanessa Lemm; Professor Li Zhi; Associate Professor others associated with the conference. The ASCP conference is this year hosted by Western Sydney University, at our new Parramatta David Macarthur; Associate Professor Sally Macarthur; Dr Jennifer City campus. The event has been planned and developed across Mensch; Professor Nick Mansfield; Dr Talia Morag; Associate Professor this year by members of the Philosophy Research Initiative. Eric S. Nelson; Professor Ping He; Dr Rebecca Hill; Associate Professor Janice Richardson and Dr Jon Rubin; Dr Marilyn Stendera; Dr Omid Tofighian; Professor Miguel Vatter and Dr Nicholas Heron; Dr Allison CONFERENCE ORGANIZING COMMITTEE Weir; Dr Magdalena Zolkos.
    [Show full text]
  • Electronic Data Interchange Manual (EDI)
    Electronic Data Interchange Manual (EDI) Daimler AG Issued December 2014 Electronic Data Interchange Manual Dear supplier, This manual describes the structure of the information flows involved in the Daimler AG procurement process for the passenger car and commercial vehicle (*) divisions. In order to ensure a consistent, fault-free and prompt flow of information, optimising the interchange of the data required for the delivery process is an important objective in the global automotive industry. This manual provides advice on setting up essential support facilities and on making the transition to communication by EDI (Electronic Data Interchange). This will help you maintain and increase your competitiveness in the marketplace. The following aspects are described in turn: the general role of electronic data interchange in the supply process the messages used in communications the technical prerequisites the required set-up procedures for starting electronic data interchange and the testing procedure. There is also an Appendix listing the names of contact persons for specific message types in the various plants. All comments, remarks or questions relating to this manual should be referred to: SC/SET department HPC F201 71059 Sindelfingen Phone +49-7031-90-26 53 [email protected] Questions of a specialised technical nature may be referred to one of the contact persons listed in Chapter 12. * Wherever the term “Daimler AG plants” is used, this refers to the PC division (Mercedes-Benz Cars and Vans) and CV division (Daimler Trucks and
    [Show full text]
  • Financial Report REPORT FINANCIAL Financial Report 2013
    FINANCIAL REPORT 2013 Financial Report Financial Report 2013 Caisse des Dépôts Group Notion of Group 2 Consolidated financial statements 3 2 Consolidated financial statements Notion of Group Audit of the financial The French Monetary and Financial Code (Code monétaire et financier) statements defines Caisse des Dépôts as “a state-owned group at the service of the public interest and the country’s economic development. The said In compliance with Article L.518-15-1 of the French Monetary and group fulfils public interest functions in support of the policies pursued Financial Code: by the State and local authorities, and may engage in competitive activities. […] “Each year, Caisse des dépôts et consignations shall present its com- pany and consolidated financial statements, audited by two statutory Caisse des dépôts et consignations is a long-term investor promoting auditors, to the Finance Committees of the National Assembly and the business development in line with its own patrimonial interests. Senate.” Caisse des dépôts et consignations is closely supervised by the French Parliament and the legislative process.” The Group is therefore unique as a public institution with subsidiaries and affiliates that operate in the competitive sector. From an accounting perspective, the Public Institution comprises two reporting entities: >>the Central Sector which prepares consolidated Group financial state- ments for the entities over which Caisse des Dépôts exercises exclusive or joint control or significant influence, and whose consolidation has
    [Show full text]
  • WERTSCHÖPFUNG GESTALTEN – Analog – Digital – in Echtzeit 5./6
    FORUM AUTOMOBILLOGISTIK 2019 Aussteller-/Teilnehmerverzeichnis WERTSCHÖPFUNG GESTALTEN – analog – digital – in Echtzeit 5./6. Februar 2019 München, BMW Welt FORUM AUTOMOBILLOGISTIK 2013 Anzeige Top-Logistikstandort in der deutschen Hauptstadtregion Nordsee Ostsee Gdynia Gdansk D Frankfurt (Oder) PL Weiterrouting: z. B. Russland (Moskau), Kasachstan, China (»Neue Seidenstraße«) Berlin Kutno Poznań Brest Duisburg Bzeg Dolny Gliwice nach Kolbuszowa Lyon nach Sopron GVZ Frankfurt (Oder) – Ihr Anschluss an die Wachstumsmärkte Logistik-Hub für E-Commerce, After-Sales und Ersatzteillogistik Höchste Förderquote Deutschlands: bis zu 40% Direktzuschuss Günstige Gewerbemieten und Grundstückspreise Moderner Multi-User Logistik- und Industriepark Relationen des KV-Terminals Frankfurt (Oder) Geplante Relationen/KV-Netzwerk Kontakt: GVZ Investor Center Ostbrandenburg GmbH Frankfurt (Oder) Im Technologiepark 1 | 15236 Frankfurt (Oder) Tel. +49 335 557 1300 | Fax +49 335 557 1310 www.gvz-ffo.de www.icob.de [email protected] PROGRAMM / 5. Februar Check-in 09:00 – 09:15 Uhr BESUCH DER BEGLEITENDEN FACHAUSSTELLUNG Eröffnung/Moderation 09:15 – 09:30 Uhr TAGESPLANUNG, TAGUNGSZIELE Dr.-Ing. Joachim Damasky Geschäftsführer Technik und Umwelt Herzlich willkommen in München! Verband der Automobilindustrie (VDA), Berlin Prof. Dr.-Ing. Thomas Wimmer Vorsitzender der Geschäftsführung Bundesvereinigung Logistik (BVL), Bremen Keynote 09:30 – 10:00 Uhr SMARTE END-TO-END-LOGISTIK – Oliver Zipse INTELLIGENTE WERTSTROMGESTALTUNG BIS ZUM KUNDEN Mitglied des Vorstands BMW AG,
    [Show full text]
  • Eurail Group G.I.E
    Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurosender Benefit: Pass holders benefit from a 20% discount on the Eurosender online platform when placing an order to send a package or parcel. Benefit code: RAIL20 Info: Follow the steps below to redeem the Benefit: 1. Visit Eurosender website: www.eurosender.com 2. Choose your to and from countries from the list. 3. Select the number of packages or parcels to be sent and click ‘NEXT’. 4. Fill in the order form. 5. Insert the Benefit code RAIL20 in the box “discount code”. The new price and amount of discount will be displayed. 6. Select the payment method and insert your payment details. 7. Receive order confirmation. For any problems or questions regarding your order or the service, Eurosender customer support department is available on Tel: +44 (0)20 3318 3600 or by email at [email protected]. Please note: The Benefit code is valid only for a single user. The code has no expiration date and it can be transferrable. This Benefit is valid only for standard shipping orders. Benefit: Eurail and Interrail Pass holders benefit from 20% off Stasher Luggage Storage. Book online to store your bags safely while you explore the city – all across Europe. Use EURAIL20 or INTERRAIL20 for 20% off the entire booking (including insurance). Info: Follow the steps below to redeem the Benefit 1. Visit Stasher.com 2. Enter the location where you wish to store your bag 3.
    [Show full text]
  • Mediadaten 2021
    B U S I N E S S MEDIA DATA 2021 RAIL BUSINESS – FOR OVER 10 YEARS THE WEEKLY INDUSTRY REPORT FOR THE RAIL TRANSPORT MARKET POLITICS – RAIL OPERATION – TECHNOLOGY Contact person at the publishing house Content Silke Härtel (Advertising Manager) Editor/Publishing House 3 Telephone: +49 40 237 14-227 Advertising Price List 4 E-Mail: [email protected] Advertising Price List Rail Business Daily Newsletter 5 Data and Topics Schedule 6 Garage Map and Shunting Service Provider Map 8 Marketplace Rail Freight Transport 9 Ilkay Witthuhn (Advertising Sales) Eurailpress Annual Calendar 10 Telephone: +49 40 237 14-302 Online 11 E-Mail: [email protected] Beatrice Burmester (Advertising technology) Telephone: +49 40 237 14-363 E-Mail: [email protected] www.eurailpress.de/rbs B U S I N E S S Editor/Publishing House 2021 1 Brief Description Dipl.-Ing. Christoph Müller Rail Business has been published for over 10 years now. It is the (Editorial Office Technology, Infrastructure and Passenger Transport) weekly industry report for the entire rail transport market. The Telephone: +49 40 237 14 -152 focus is on both the freight and passenger transport, being ope- E-Mail: [email protected] rated by federal railroads as well as private railroads. Dipl.-Ing. agr. Dagmar Rees Exclusive Reporting: (Editorial Office Business and Freight Transport) Rail Business is published in print version as well as locked pdf and Telephone: +49 (171) 3081904 provides newslets, background reports, interviews and comments on E-Mail: [email protected] all relevant areas of rail transport: politics, law, rail companies, indus- trial companies, operation, infrastructure, technology, personals, ser- 4 Advertising Department: vices (consulting, financing, leasing), associations and events.
    [Show full text]
  • Annex to 3Rd IRG-Rail Market Monitoring Report
    IRG-Rail (15) 02a_rev1 Independent Regulators’ Group – Rail IRG–Rail Annexes to the 3rd IRG-Rail Annual Market Monitoring Report March 2015 IRG-Rail Annexes to the Annual Market Monitoring Report Index 1. Country sheets market structure.................................................................................2 2. Common list of definitions and indicators ...............................................................299 3. Graphs and tables not used in the report................................................................322 1 IRG-Rail Annexes to the Annual Market Monitoring Report 1. Country sheets market structure Regulatory Authority: Schienen-Control GmbH Country: Austria Date of legal liberalisation of : Freight railway market: 9 January 1998. Passenger railway market: 9 January 1998. Date of entry of first new entrant into market: Freight: 1 April 2001. Passenger: 14 December 2003. Ownership structure Freight RCA: 100% public Lokomotion: 30% DB Schenker, 70% various institutions with public ownership LTE: 100% public (was 50% private, new partner to be announced May 2015) Cargoserv, Ecco-Rail, RTS: 100% private TXL: 100% public (Trenitalia) Raaberbahn Cargo: 93.8% public SLB, STB, GKB, MBS, WLC: 100% public RPA: 53% private, 47% public (City of Hamburg: 68% HHLA, HHLA: 85% Metrans, Metrans: 80% RPA) Passenger ÖBB PV 100% public WLB, GKB, StLB, MBS, StH, SLB: 100% public CAT: 49.9% ÖBB PV, 50.1% Vienna Airport (public majority) WESTbahn: 74% private, 26% public (SNCF Voyageurs) Main developments Rail freight traffic once again receded slightly in 2013 on the previous year. The new entrants could raise their market share in traffic frequency (tons) from 23.2 to 24.9 percent, and their share in transport performance (net tons per kilometre) rose from 17.6 to 19.3 percent.
    [Show full text]
  • Deutsche Bahn Integrated Interim Report January – June 2019 Germany Needs a Strong Rail System MORE ROBUST, MORE POWERFUL, MORE MODERN
    Deutsche Bahn Integrated Interim Report January – June 2019 Germany needs a strong rail system MORE ROBUST, MORE POWERFUL, MORE MODERN STRONG RAIL Germany needs a strong rail system more than ever before. This will enable DB Group to fully focus on making a strong rail system possible in Germany in the future. Further Information µ3 ff. A strong rail system for our climate [ 1 ] A strong rail system for our climate means: a reduction in total CO₂ emis­ sions by 10 million tons per year. This corresponds to the annual CO₂ foot­ print of one million people. A strong rail system for the people [ 2 ] A strong rail system for the people means: twice as many rail passengers and five million car trips and 14,000 air flights less in Germany every day. A strong rail system for the economy [ 3 ] A strong rail system for the economy means: increasing the rail freight transport market share in Germany to 25%. This corresponds to 13 million fewer truck trips per year on German roads. A strong rail system for Europe [ 4 ] A strong rail system for Europe means: a joint implementation of European networking by means of a strong rail system, which is the decisive factor for achiev ing European climate protection targets and economic growth. At a glance H 1 Change Selected key figures 2019 2018 absolute % KEY FINANCIAL FIGURES (€ MILLION) Revenues adjusted 22,013 21,548 + 465 + 2.2 Revenues comparable 21,926 21,548 + 378 + 1.8 Profit before taxes on income 277 560 – 283 – 50.5 Net profit (after taxes) 205 562 – 357 – 63.5 EBITDA adjusted 1) 2,534 2,304
    [Show full text]
  • Long Distance Coach Services in France and Germany: the New European Competition Between Flixbus and Blablabus Laurent Guihéry
    Long Distance Coach Services in France and Germany: the new European competition between Flixbus and BlaBlaBus Laurent Guihéry To cite this version: Laurent Guihéry. Long Distance Coach Services in France and Germany: the new European competi- tion between Flixbus and BlaBlaBus. Rivista di Economia e Politica dei Trasporti, Rivista pubblicata dalla Società Italiana di Economia dei Trasporti e della Logistica (SIET) 2019, Numero speciale su ”Il trasporto automobilistico di lunga distanza”, 1 (2019). halshs-02374703 HAL Id: halshs-02374703 https://halshs.archives-ouvertes.fr/halshs-02374703 Submitted on 27 Nov 2019 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Long Distance Coach Services in France and Germany: the new European competition between Flixbus and BlaBlaBus Pagina | 1 Long Distance Coach Services in France and Germany: the new European competition between Flixbus and BlaBlaBus V.2 after referee – 15.09.2019 Laurent Guihéry1* 1 Professor, University of Cergy-Pontoise, MRTE, France Long distance passenger mobility is experiencing a huge structural change in France and Germany. Based on Internet technology and customer-oriented services, new entrants in interurban coach services are diversifying the options for the travelers and have been very successful.
    [Show full text]
  • Financial Report 2015 Financial Report
    2015 FINANCIAL REPORT 2015 FINANCIAL REPORT CAISSE DES DÉPÔTS GROUP 001 ♦ Introduction 002 ♦ Consolidated financial statements CDC-FI 2015_GB.indb 2 27/05/2016 18:51 INTRODUCTION AUDIT OF Article 518-2 of the French Monetary and Financial Code (Code monétaire et financier) defines Caisse des Dépôts as: THE FINANCIAL “[...] a State-owned group at the service of the public interest and the country’s economic development. The said group fulfils public interest functions in support of the policies pursued by the State and local author- STATEMENTS ities, and may engage in competitive activities. […] Caisse des Dépôts et Consignations is a long-term investor promoting business development in line with its own patrimonial interests. In compliance with Article L.518-15-1 of the French Monetary and Caisse des Dépôts et Consignations is closely supervised by the French Financial Code. Parliament and the legislative process.” “Each year, Caisse des Dépôts et Consignations shall present its parent Caisse des Dépôts prepares separate annual accounts under French company and consolidated financial statements, audited by two statu- GAAP for each of its constituent sectors: tory auditors, to the Finance Committees of the National Assembly and - Central Sector; the Senate.” - Savings Funds. Caisse des Dépôts Group is unique as a public institution with subsidi- aries and affiliates that operate in the competitive sector. It publishes consolidated financial statements under IFRS. These combine the financial statements of the Central Sector and those of the entities over which Caisse des Dépôts exercises exclusive or joint control to form the consolidated financial statements of Caisse des Dépôts Group.
    [Show full text]
  • Cost Analysis of Renting and Owning Trailers in Rhenus Hauser Limited
    Cost analysis of renting and owning trailers in Rhenus Hauser Limited Ivana Váchová Bakalářská práce 2007 ABSTRACT This thesis concentrates on the cost analysis of owning or renting trailers in the company Rhenus Hauser Limited. The main body of this thesis illustrates comparing of costs of the UK haulier, European haulier and Eastern European haulier. The analysis focuses on the restrictions on driving in different countries, comparing the costs of owning the trailers or renting them, advantages and disadvantages of both owning and renting the trailers by the Rhenus Hauser Limited. The main goal of this thesis is to decide what is better for Rhenus Hauser Limited – either owning or renting vehicles and, in case of owning or renting, which country is economically most convenient for Rhenus Hauser Limited. Keywords: trailer, owning trailers, renting trailers, costs, UK haulier, Europe haulier, Eastern Europe haulier, drivers instruction, advantages and disadvantages of owning and renting trailers. ABSTRAKT Tato bakalá řská práce se zabývá problematikou nákladu p ři pronájmu a osobním vlastnictví dopravních prost ředk ů ve spole čnosti Rhenus Hauser, s. r. o. Hlavním ú čelem této práce je porovnání náklad ů u dopravce z Velké Británie, z Evropy a z východní Evropy. Analýza se zam ěř uje na omezení řidi čů v různých zemích, porovnání náklad ů p ři pronájmu a osobním vlastnictví kamion ů. Dále popisuji výhody a nevýhody osobního vlastnictví a pronájmu dopravních prost ředk ů. Na záv ěr uvádím návrh, která zem ě by byla ekonomicky nejvýhodn ější pro spole čnost Rhenus Hauser, s. r. o. Klí čová slova: kamion, osobní vlastnictví kamion ů, pronájem kamion ů, náklady, dopravce ve Velké Británie, dopravce z Evropy, dopravce z východní Evropy, omezení řidi čů , výhody a nevýhody osobního vlastnictví a pronájm ů kamion ů.
    [Show full text]