According to the letter of the Guidelines, which refer to the , the relevant indicators for the purposes of characterising France Télécom as a firm in difficulty do not include all the elements constituting the own capital but are limited to the share capital and the additional paid-in capital.

For example, some irregularities were established with regard to the manner in which companies increased their (the increase of capital did not reflect any actual investment).

The United Kingdom finally provided details of the undertakings to which the loans were granted, their , the percentage of lost capital at the time of the investments and in the 12 months before the investments, information showing that none of the undertaking had been subject to insolvency proceedings at the respective times of grant, and the financial projections submitted by the undertakings demonstrating their financial viability at the moment of application, as well as information on the specific securities and ranking arrangements of each loan.

The United Kingdom provided details of the undertakings to which the loans were granted, their , the percentage of lost capital at the time of the investments and in the 12 months before the investments, information showing that none of the undertaking had been subject to insolvency proceedings at the respective times of grant, and the financial projections submitted by the undertakings demonstrating their financial viability at the moment of application, as well as information on the specific securities and ranking arrangements of each loan.

The of the notes, together with accrued interest at the rate set out in the notes as well as the amount expressed therein to be reserved for enforcement costs, constitutes the maximum amount that can be received by their holder.

Although more than half of the of the company had already disappeared on 1 July 2008, the second condition of point 10(a) of the R&R Guidelines — that more than one quarter of the registered capital must have been lost over the preceding 12 months — is not fulfilled.

From the audited accounts of 31 December 2002 it can be concluded that the of the holding company (consolidated) amounted to approximately EUR 73 million on 1 January 2002. At the end of that year it amounted to only EUR 22 million. This equates to a reduction of approximately 70 %.

The of Sementsverksmiðjan hf. decreased from ISK 1096 million in 2000 to ISK 458 million in 2003. The company’s turnover decreased from ISK 1,06 billion in 2000 to ISK 863 million in 2001 and ISK 598 million in 2002.

The company's poor financial situation stems from the fact that it lost a significant amount of its of SIT 1,262 billion (about EUR 5,3 million [4]), which had fallen to SIT 0,75 billion in April 2004.

Moreover, in the years 2008 and 2009, more than one quarter of the of ČSA had disappeared over the preceding 12 months.

The total of ČSA amounted to CZK 2735 million.

The of RMB 4 billion comes from the venture fund of export credit insurance in line with the state finance budget.

TS also claims that ČSA raised the of HCA by CZK 162 million in May 2010.

According to Germany, CWP has had a of EUR 288880 (DEM 0,565 million) since December 1998.

Of the initial of EUR 15 million in 2001, more than EUR 10 million had disappeared, and more than one quarter had been lost in 2008 alone:

The of Malév was then increased by issuing new shares in the nominal amount of HUF 0,01 each.

are securities, which according to the country and the circumstances in which they are created, have a variety of names such as founders’ shares, profits shares, dividends shares, etc. These securities: (i) do not form part of the ; (ii) do not give the holders the status of joint owners in the strict sense, and (iii) do not entitle the holders to a proportion of any profits remaining after dividends are paid on the registered capital and to a fraction of any surplus remaining on liquidation.

are securities, which according to the country and the circumstances in which they are created, have a variety of names such as founders’ shares, profits shares, dividends shares, etc. These securities: (i) do not form part of the registered capital; (ii) do not give the holders the status of joint owners in the strict sense, and (iii) do not entitle the holders to a proportion of any profits remaining after dividends are paid on the and to a fraction of any surplus remaining on liquidation.

The Commission notes that Air Malta is a company with limited liability which has lost almost all of its and is unable to meet its current obligations.

More than half of its had disappeared, and more than one quarter of that capital had been lost over the preceding 12 months (point 10(a) of the Guidelines).