Translation of "capital immobilisé " (French → English) :

capital tied up in buildings and equipment

tied-up capital [ tied up capital | locked-up capital ]

capital fund | capital expenditure fund

capital budget | capital expenditure budget | capital investment budget

This should be considered to be the case when the economic activities consume the same inputs (such as material, equipment, labour and fixed capital) as the non-economic activities and the capacity allocated each year to such economic activity does not exceed 20 % of the research infrastructure's overall annual capacity.

Investment eligible for this aid is the acquisition and production of new movable perishable goods from fixed assets, that are part of an initial investment project and which, at least five years after completion, comprise the assets of an eligible business of a recipient in the assisted region.

On 31 December 2002, TV2 had built up capital of DKK 550,5 million, including DKK 72 million of earmarked capital (digitisation), which corresponds to a solvency ratio of 34 %.

The fact that the funds that had not been invested in digitisation by 1 January 2003 (a balance of DKK 72 million) were ultimately released does not alter this conclusion because, during the period under investigation, these sums were clearly entered in TV2’s accounts as earmarked capital that could only be used for the purpose of digitisation and, as the Court stated in its judgment, the fact that TV2 did not in practice have to draw on a reserve does not support the inference that this reserve had to be regarded as disproportionate to the funding needs of providing the public service (83).