XBRL in Europe XBRL in Europe XBRL in Europe Projects, users and… Projects, users and… Olivier Servais, Olivier Servais, XBRL in Europe – Permanent Secretary XBRL in Europe – Permanent Secretary XBRL Int’l Steering Committee – Member XBRL Int’l Steering Committee – Member Tuesday, 26 April 2005 Business cases Business cases
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XBRL in Europe XBRL in Europe Projects, users and… Olivier Servais, XBRL in Europe – Permanent Secretary XBRL Int’l Steering Committee – Member Tuesday,
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XBRL in Europe
XBRL in EuropeXBRL in Europe
Projects, users and…Projects, users and…
Olivier Servais, Olivier Servais,
XBRL in Europe – Permanent SecretaryXBRL in Europe – Permanent Secretary
Description of Use Participants Status of Use Stage of Use Type of Use Use of XBRL SpecOrganizations
affected
DATEV, the leading German software and service provider for tax advisers and their customers, is capable to generate XBRL reports out of the ERP system for over 2 million small/medium sized German companies. Datev e.G., Nuernberg Operating/Ongoing Implementation
Internal & External
Instance document creation 2 over 2 million
PPA is running a data base that currently contains about 30,000 annual reports; these data can be delivered to counterparts as XBRL instance documents
Instance document creation, taxonomy 2 about 7,000
Deutsche Bundesbank, the German Central Bank, is running a data pool of annual financial statements as a basis for operational comparison statistics, aggregate statistics and macroeconomic analyses; an XBRL import interface is implemented.
Deutsche Bundesbank, Frankfurt Completed Pilot External
Instance document consumption 2
10,000 in the starting phase
Deutsche Börse AG, Frankfurt, is looking for ways to enhance and streamline the reporting of SE listed companies through XBRL; that includes implementing import and export features as well as specifically designed taxonomies for the reporting content (as subsets of IFRS and US-GAAP)
Deutsche Börse AG, Frankfurt In Development Pilot
Internal & External
Instance document consumption & creation, taxonomy 2,1 10 (at the pilot stage)
Ernst & Young and Software AG developed an online Corporate Rating Portal (www.eyrating.de) that consumes XBRL instance documents based on the taxonomy GermanAP. Soon the Portal will support also Spec. 2.1 and later the IFRS/IAS Taxonomy.
Ernst & Young, Stuttgart; Software AG, Darmstadt Completed Implementation External
Instance document consumption 2 many
Fraunhofer IPSI developed a collection of tools for processing business information; this includes import/export XBRL, mapping between taxonomies, a reporting language and storage in a repository, etc
Fraunhofer-Institut für Integrierte Publikations- und Informationssysteme, Darmstadt Operating/Ongoing Implementation
Internal & External
Instance document consumption & creation 2 many
Fraport (the company running the Frankfurt airport) disclosed their 3rd quarter figures 2003 as XBRL report assised by various Participanst of the German Jurisdiction various Completed Pilot External
S&N AG developed a suite of tools for automatic conversion of XBRL data into the formats used by analysis systems of banks. E.g. it is possible to convert XBRL data from DATEV to the EBIL Format used in Sparkassen in Germany. S&N AG Paderborn Completed Implementation
Internal & External
Instance document consumption 2 over 2 million
S&N AG developed a tool for automatic creation of XBRL instance documents out of the R/3 ERP System of SAP. S&N AG Paderborn Completed Implementation
Internal & External
Instance document creation 2 many
BARS is Deutsche Bank's spreading tool for world wide capture and sophisticated analysis of customers' financial statements. The application offers to Deutsche Bank's credit officers access to 200.000 customers and 1.6 million financial statements stored in a central database. In order to facilitate data capture and to further streamline the credit process the application will be equipped with an XBRL-import interface.
Deutsche Bank AG, Frankfurt a.M. In Development Implementation
Internal & External
Instance document consumption 2.0 & 2.1
up to 200.000 statements per year
11th XBRL International Conference / BostonTuesday, 26 April 2005
UK : the Inland Revenue projectUK : the Inland Revenue project
Announcement as part of UK Budget on March 16.Announcement as part of UK Budget on March 16.
Inland Revenue strategy is to reduce filing costs by moving businesses and Inland Revenue strategy is to reduce filing costs by moving businesses and
their advisers online.their advisers online.
Corporation Tax filings using XBRL will be in place by March 2006.Corporation Tax filings using XBRL will be in place by March 2006.
Filings will consist of an XML return and XBRL calculations and financials.Filings will consist of an XML return and XBRL calculations and financials.
IR is also looking at the use of intelligent-form technologies which are IR is also looking at the use of intelligent-form technologies which are
expected to tie closely into their use of XBRL.expected to tie closely into their use of XBRL.
This strategy has the full backing of HM Treasury and the Chancellor of the This strategy has the full backing of HM Treasury and the Chancellor of the
Exchequer.Exchequer.
11th XBRL International Conference / BostonTuesday, 26 April 2005
Contribution to IFRS FS taxonomy extensionsContribution to IFRS FS taxonomy extensions
Financial statements to Bank of SpainFinancial statements to Bank of Spain
Pilot project at the Pilot project at the Agency for registrations of companies & balance sheetAgency for registrations of companies & balance sheet
Spanish Stock ExchangeSpanish Stock Exchange
Recent new members:Recent new members:
Ministry of FinanceMinistry of Finance
Ministry of IndustryMinistry of Industry
Tax AgencyTax Agency
Projects and future applications Projects and future applications inin
11th XBRL International Conference / BostonTuesday, 26 April 2005
Building an XBRL Solvency Ratio Building an XBRL Solvency Ratio taxonomytaxonomy
Sponsored by the Sponsored by the Committee of European Banking SupervisorsCommittee of European Banking Supervisors
COREP: COREP: defining a defining a COCOmmon mmon REPREPorting framework around the solvency ratio orting framework around the solvency ratio
(Based on (Based on Basel II, Pillar IBasel II, Pillar I)) for credit institutions and investment firms under for credit institutions and investment firms under
the European Union Capital Requirements.the European Union Capital Requirements.
Key featuresKey featuresRequirements for Flexibility, Consistency & StandardisationRequirements for Flexibility, Consistency & StandardisationStarted in February 05, to be ended in June ’05Started in February 05, to be ended in June ’0550 people representing 22 countries involved50 people representing 22 countries involved
DeliverablesDeliverablesInitial COREP XBRL taxonomyInitial COREP XBRL taxonomySet of non-confidential test casesSet of non-confidential test casesBasic collaborative environmentBasic collaborative environment
Further details on www.corep.infoFurther details on www.corep.info
No reason anymore for not adopting XBRLNo reason anymore for not adopting XBRL Specs are stable for 3 yearsSpecs are stable for 3 years Solutions are availableSolutions are available Political issues are … no longer issuesPolitical issues are … no longer issues
Financial services are one of the most pro-active, but Financial services are one of the most pro-active, but
securities and companies are on track toosecurities and companies are on track too
No need for imposing XBRL…XBRL is just an opportunityNo need for imposing XBRL…XBRL is just an opportunity
From “why and who” to “how to, how much, how long” From “why and who” to “how to, how much, how long”
(the EGG & GCD experiences)(the EGG & GCD experiences)
XiE was expected, it is now a reality, and it’s just the XiE was expected, it is now a reality, and it’s just the
beginning of a longer storybeginning of a longer story
11th XBRL International Conference / BostonTuesday, 26 April 2005
Theme : Theme : How XBRL will improve Financial Services reporting by 2006How XBRL will improve Financial Services reporting by 2006
Hosts : Hosts : XBRL in Europe, XBRL in Europe, with the Committee of European Banking Supervisors with the Committee of European Banking Supervisors
(CEBS) and the European Banking Federation (FBE)(CEBS) and the European Banking Federation (FBE)
Keynote speakers: Keynote speakers: Jaime Caruana (Chairman of Basel Committee), José Maria Jaime Caruana (Chairman of Basel Committee), José Maria
Roldan (Chairman of Committee of European Banking Supervisors), Peter Praet Roldan (Chairman of Committee of European Banking Supervisors), Peter Praet
(Member of the Board of CBFA), Tom Jones (Vice-Chairman of IASB) and (Member of the Board of CBFA), Tom Jones (Vice-Chairman of IASB) and
representatives of banksrepresentatives of banks
When: When: 29 June 2005 10.00 – 17.0029 June 2005 10.00 – 17.00
Where:Where: Chartered Accountants Hall, London Chartered Accountants Hall, London
Size: Size: Approximately 250 attendeesApproximately 250 attendees
Audience profile: Audience profile: Bankers and supervisorsBankers and supervisorsBook your diary !