
Article 1 
The public transport service contracts concluded between the Danish Ministry of Transport and Danske Statsbaner constitute State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
The State aid is compatible with the internal market pursuant to Article 93 of the Treaty on the Functioning of the European Union in so far as the conditions of Articles 2 and 3 of this Decision are complied with.
Article 2 
Denmark shall introduce into all current public transport service contracts with Danske Statsbaner the refund mechanism described in recitals 222 to 240 and 356 of this Decision, the principal characteristics of which are as follows:

— Adjustment of the contractual payments at the end of the financial year by determining a gross reduction calculated on the basis of the following formula:
Total revenue – reasonable profit – Total expenditure = gross reduction
— Modulation of the gross reduction to take account of efficiency gains and improvements in quality of service according to the following formula and parameters:
Refund mechanism = gross reduction – corrections (Cost Δ. + Pas.km Δ) = net reduction
— Cost Δ: reduction in costs (per passenger-kilometre) compared with the average cost over the past 4 years in accordance with the calculation: differential in cost per passenger-kilometre (as a percentage) compared with the average cost over the last 4 years multiplied by a total cost basis, and
— Pas.km Δ: increase in passenger traffic measured in terms of passenger-kilometres (DKK 0,80 per passenger-kilometre),
— the total reductions on account of improvements in performance may not exceed the gross reduction in a given year. The net reduction is therefore between zero and the gross reduction.
— Introduction of an upper limit on the refund mechanism making it possible to guarantee that the profit is maintained at a reasonable level according to the following formula and characteristics:Reasonable profit (6 %) + corrections (Cost Δ. + Pas.km Δ)Equity capital< 12 %
— the calculation takes account only of the share of equity capital corresponding to DSB’s public service activity,
— the upper limit on the reasonable profit is fixed at a 12 % return on equity, but with a maximum of 10 % over 3 years.
Article 3 
Any compensation due to DSB from Ansaldo Breda on account of the late delivery of rolling stock should be repaid to the Danish State.
Article 4 
Denmark shall inform the Commission of the measures taken to comply with Articles 2 and 3 of this Decision within 2 months being notified of the Decision.
Article 5 
This Decision is addressed to the Kingdom of Denmark.
Done at Brussels, 24 February 2010.
For the Commission
Joaquín ALMUNIA
Vice-President