Singapore | Registry Information, What is its value (Bernice Quek)
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Transcript of Singapore | Registry Information, What is its value (Bernice Quek)
Registry Information - Its value and relevance to the corporate
world today
Bernice Quek
Accounting and Corporate Regulatory Authority
13 Mar 2013
Value and Relevance
Information services required by businesses and government agencies
Financial disclosure and corporate compliance
Whole of Government (WOG) collaboration
Mitigation of macroeconomic risks
Information Services
BizFile Data
iShop Retail Services
General Public / Ad-Hoc Requestor
Electronic Products Microfilm Standard
Package
NonStandardPackage
304,063 341,862 380,844 406,540 443,268
Volume of Information Sales Transactions
2008 2009 2010 2011 2012
229,551 264,645 294,903 315,745 345,840
Business Profiles Sold
Information Services
Information Services
Collaborations with theMedia
Business Times,
Jan 2013
Financial Disclosure and Corporate Compliance
Investor confidence and capital costs Neel Foster (former member of FASB)
“More information always equates to less uncertainty, and ... people pay more for certainty. In the context of financial information, the end result is that better disclosure results in a lower cost of capital”
XBRL
Taxonomy
Financial Filing
Process
Consumption
Data Integrity
Financial Disclosure
Business Analytics using XBRL data Empower businesses through financial analytics Promote the benefits of XBRL reporting
Financial Disclosure
- 100,000,000.00 -
5.00
10.00
Comparison against three peers and industry median
Revenue
Net
Pro
fit
Marg
in
Singapore Financials Direct
Financial Strategic Intelligence Reports (New)
Financial Strategic Intelligence Reports (New)
Corporate Compliance
Provisions of the Companies Act Annual General Meeting, Annual
Return and Accounts Up-to-date
Annual General Meeting, Annual Return or Accounts Late
Putting It All Together:
Corporate Compliance & Financial Profile (CCFP)
Features Business profile information
Compliance rating
Financial information
Significant interest expressed by stakeholders Suggestions and feedback received at dialogues
Professional bodies assisted in publicity
Whole of Government Collaboration
12312Clicks On Map
891Redirections to sales portal
Whole of Government Collaboration
Mitigating MacroeconomicRisks
Registry information gives an indication of economic slowdowns - Singapore’s Composite Leading Indicators (CLI)
Economic survey of Singapore 2011, Ministry of Trade and Industry, Singapore
In Summary
The value and relevance of registry information
For the business entities
Quality and timeliness of financial reporting improves investor confidence
Value added service with WOG collaboration
Mitigating macroeconomic risks
Thank You