61As regards the beneficiary of the funding, the existence and significance of such an advantage must be assessed against any difference between the advantages, pecuniary or other, that that beneficiary was to derive from the operation as initially envisaged and those which it derives from the operation as modified. Thus, in the present case, it is for the referring court to ascertain, inter alia, whether the pecuniary income which Järvelaev could have earned from operating the sailing boat acquired by means of the co-financing in question would have been comparable to the amounts paid to it by Kaleselts as consideration for Kaleselts’ possession of the sailing boat in question, given that only a fairly significant modification, within the meaning of the case-law set out in paragraph 47 above, would amount to a substantial modification to the operation within the meaning of Article 72(1) of Regulation No 1698/2005.
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