the turnover levels envisaged in the restructuring plan were overstated

The objectives and characteristics of indices for variable 120 (turnover) also apply to the indices for the distinction between domestic and non-domestic turnover.

In particular, they argued that State benefits do not represent a significant proportion of their respective turnovers.

This figure is based on the estimated turnover given in Bioscopes business plan, which was sent to the Commission.

The amount of turnover guaranteed cannot be amended after Coface gives its approval formalising the issue of the guarantee.