Financing
The system is financed by fillers and importers of packaged goods.
The total fee of each packaging consists of two parts:
- The fixed fee, which is 0,04 eurocent per packaging (that is per sales unit or per item of packaging) and
- The weight-based fee, which is different for each packaging material.
The system operates practically at no profit, therefore all revenues are used to finance the municipal recovery projects, which are carried out in cooperation with the system, the communication and the overhead expenses and finally some R&D projects.
The annual budget of the system (serving almost 50% of the Greek population) is expected to be around 22 mil. Euros.
Tariffs
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How are the licence fees calculated?
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Contribution based on weight |
(euro cent/kg) |
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Fixed contribution |
0.04 |
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Paper and cardboard packaging |
5.00 |
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Beverage cartons |
5.37 |
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Plastics |
6.17 |
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Aluminium |
0.84 |
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Steel |
2.00 |
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Glass |
1.00 |
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Wood |
0.90 |
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Others |
6.17 |
The fees are based on the economic results of the three projects already operated by HE.R.R.CO. These results are projected to 4.5 milion inhabitants, which is the population required to achieve the targets (50% recovery by 31 December, 2005) set by the PPWD and Greek Law. The resulting deficit is divided by the quantities of each packaging material expected to contract with the HE.R.R.CO. system.
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Examples
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Country: Greece |
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Example 1: |
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can filled with corn |
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Calculation of licence fees for 1 item |
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packaging data per can: |
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weight of tinplate: 45,63 gramm |
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paper label: 2,55 gramm |
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volume of can: 425 ml |
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calculation of weight related fee: |
FEE (Cent) |
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45,63 g x 2,00 Cent/kg of tinplate = 0,0913 Cent |
0,09 |
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2,55 g x 5,00 Cent/kg of paper = 0,0127 Cent |
0,01 |
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calculation of item fee: |
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Fixed contribution = 0,04 Cent/can |
0,04 |
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subtotal |
0,14 |
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reduction quota |
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subtotal net |
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VAT 19 %= 0,0266 |
0,03 |
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grand total gross |
0,17 |
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Country: Greece |
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Example 2: |
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cardboard box with plastic window for headset |
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Calculation of licence fee for 1 item |
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packaging data per box: |
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weight of box: 106,8 gramm |
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plastic window: 9,28 gramm |
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15,5 cm x 22 cm x 7,7 cm = 2625,7 cm³ |
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calculation of weight related fee: |
FEE (Cent) |
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106,8 g x 5,00 Cent/kg of paper = 0,534 Cent |
0,53 |
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9,28 g x 6,17 Cent/kg of plastic = 0,057 Cent |
0,06 |
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calculation of item fee: |
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Fixed contribution = 0,04 Cent/box |
0,04 |
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subtotal |
0,63 |
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reduction quota |
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subtotal net |
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VAT 19 % = 0,1197 |
0,12 |
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grand total gross |
0,75 |
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