Main objectives XBRL España Federico Flórez Information Systems Director Bank of Spain Managing...

Main objectives XBRL España

Main objectives XBRL Main objectives XBRL EspañaEspaña

Federico Flórez Information Systems Director Bank of Spain Managing Director XBRL España

10th XBRL International Conference Brussels, November 2004


XBRL in Spain

Objectives

Conclusions

agenda


XBRL in Spain ObjectivesObjectives ConclusionsConclusions

FOUNDER MEMBERS

April 2004

10

CURRENT MEMBERS

November 2004

24



General Meeting

President

Strategic Commission

AuditCommittee

General Secretary

Facilitator

Board

Consultancy & Mediation

Marketing & Communication

Management &

Secretary

Accounting

Basel II

Taxonomies

Technology

Development & Training

Vicepresident

DGIIPP

IPP PGC90


1

Implementation, adoption and national &

international development of XBRL to unify the

standards applicable

to reporting financial & business information.

Joint efforts of public and private entities to

implement and adopt XBRL as well as provide

domestic and international representation at:

Objectives 2

» People » Organizations

» Institutions » Authorities

» Corporations » Public and private entities



Ensure XBRL image and prestige. Uphold interest of the implementation, adoption and development of XBRL in Spain.

Promote collaboration among members, fuelling initiatives around XBRL projects.

Collaborate with Regulators and Authorities in the development, implantation and recognition of XBRL.

Coordinate initiatives, events, research and similar activities, to implement, adopt and develop XBRL in Spain.

3

4

Objectives



Promote and participate in research and

development of XBRL, national & international,

providing consultancy to members and

third parties.

Plan and implement the adoption and

development of XBRL in Spain and abroad.6

5

Objectives




Members


Memberships commitment of permanence: 3 years

All the financial reporting actors represented

Regulators as catalyst since the beginning



Domestic taxonomies development

International taxonomies development

Jurisdiction development

XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions


Taxonomies for Securities Commission of Spain

Public and periodic reports

Four models of companies: General Insurance Financial Investment funds

Domestic taxonomies developmentXBRL in SpainXBRL in Spain Objectives ConclusionsConclusions


Taxonomies for Central Mercantile Register in Spain

PGC90 (General Accounting Plan '90)




Taxonomy DGI (General Identification Data for companies)

Q1 2005 to be released.

Spanish accounting standards for public administration




IFRS Taxonomy Working GroupHosted by the Bank of Spain

Primary Financial Statements for Banking to be translated to Spanish. Extended when necessary and tested by Q1 2005.

International taxonomies development



XBRL Day

A big event oriented to business and decision making managers. 200+ attendants in 2004 edition. Relevant press coverage in newspapers as well as in financial media.

Promoting for new members. Target 2005: 40 members

Jurisdiction development



XBRL in SpainXBRL in Spain ObjectivesObjectives Conclusions

A Jurisdiction must involve all actors in the reporting progress

The taxonomies development are critical for implementation of real projects

We have a great opportunity for the next two years

Main objectives XBRL España Federico Flórez Information Systems Director Bank of Spain Managing...

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