XBRL UpdatesSharing XBRL good practices for Business Registers at the European Level – A step towards convergence

Thomas Verdin, EU BR WG Chair

XBRL is the universal language for the financial communicationXBRL is the universal language for the financial communication

FINANCIAL REPORTS

INTERACTIVE DATA

An industry standard for the publishing, exchange and analysis of business and financial reports and data

A freely licensable open technology standard based on XML and adapted for the financial and operational business reporting

The equivalent of barcode for financial data

A electronical way to structure financial, legal and economical data of companies registers

A common standard to simplify e-filing and reduce administrative burdens

Remember me… XBRLWhat & Why?

XBRL goes about “reports, taxonomies, facts, tags and templates”XBRL goes about “reports, taxonomies, facts, tags and templates”

REPORT

XBRL FILEINSTANCEDOCUMENT

XBRL FACT

XBRL TAGTAXONOMY

Remember me… XBRL5 words to know

TEMPLATE

XBRL Europe supports the advancement of XBRL in EuropeXBRL Europe supports the advancement of XBRL in Europe

...design common reporting standards and data provision requirements for cross-border groups, preferably in a multi purpose format such as XBRL...

www.xbrl.eu gilles.maguet@xbrl-eu.org

Executive Committee

Secretary GeneralGilles Maguet

Executive Committee

Secretary GeneralGilles Maguet

WC EuromarcomSylvie Lépicier

WC EuromarcomSylvie Lépicier

WC Project Coordination

Dereck de Brandt

WC Project Coordination

Dereck de Brandt

WC Strategy & EU Liaison

Jean Luc Menda

WC Strategy & EU Liaison

Jean Luc Menda

WG EU Business Registers – Thomas VerdinWG EU Business Registers – Thomas Verdin

WG Harmon COREP FINREP – Derek DebrandtWG Harmon COREP FINREP – Derek Debrandt

WG IFRS Extensions – Bodo KesselmeyerWG IFRS Extensions – Bodo Kesselmeyer

MEMBERS

standardisation of electronic financial and business information within Europe reduction of the regulatory burden with XBRL support of European regional XBRL projects and taxonomies,

with special focus on cross-border companies and institutions

XBRL EuropeWhere & Who?

Create a network of Business Registers interested in XBRLCreate a network of Business Registers interested in XBRL

Purpose increase the coordination and interoperability for European Business Registrars’ XBRL efforts and taxonomies

Scope all economic and legal data for companies operating or registered in the European Union : company ID, annual accounts, other economic & legal data

Deliverables overview of existing material, common & best practices, generic taxonomies

RESPRESENTED COUNTRIES

Other countries are welcome !

XBRL Europe BR WGWho & Why?

The EU BR WG Survey & Contact listThe EU BR WG Survey & Contact list

Overview who and what in each country or project,regarding XBRL + Business Registers

• Organize a “XEU BR Survey”Existing XBRL project in Europe for BR

• Define a “XEU BR Contact list”Existing XBRL contacts in Europe amongst BR

• Identify “XEU BR filing rules and programs”Existing XBRL filing rules and programs for annual accounts

(extend NBB initiatives)

• Share “XEU BR taxonomies”Existing taxonomies for business registers in Europe

XBRL EU BR WGThe first steps

XBRL to publish information from National RegistersXBRL to publish information from National Registers

XBRL to share efforts on IFRS reportsXBRL to share efforts on IFRS reports

NATIONALIFRS

REPORTS

USERS

COMMON TAXONOMY & FILING SYSTEM

ACCESS TO REPORTS FROM DIFFERENTS COUNTRIES (LOCAL

GAAP)

EXCHANGE OF INFORMATION OF CROSS-BORDER COMPANIES

MAPPING DIAGRAM

NATIONAL

REGISTER 1

NATIONAL

REGISTER 2

XBRL EU BR WGWhere to go?

COLLECT & RENDER

ANALYSEPUBLISH

END USER

BACK OFFICE ANALYSTS

NATIONAL PROJECTS - PRESENTATIONS

Updates on the Belgian, British and Italian projectsUpdates on the Belgian, British and Italian projects

… amongst a lot of national XBRL initiatives… amongst a lot of national XBRL initiatives

XBRL UpdatesNational illustrations

FOR ADDITIONAL INFORMATION, PLEASE CONTACT : thomas.verdin@xbrl-eu.org

COLLECT & RENDER

ANALYSEPUBLISH

END USER

BACK OFFICE ANALYSTS

MILLIONS OF XBRL ANNUAL

ACCOUNTS

BILLIONS OF XBRL FACTS

June 23-25, 2009