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Overview of XBRL Projects - May 2012 Workshop in Madrid

This workshop provides insight into XBRL projects, official documents, and IFRS/BACH taxonomies. Explore cross-border comparability requirements and mapping solutions for local taxonomies. Discuss AMTF use cases and study results.

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Overview of XBRL Projects - May 2012 Workshop in Madrid

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  1. XBRL EU BRWorkshop & WG May 2012 XBRL Europe Meetings – Madrid Thomas Verdin Geoffroy de Urtasun 1

  2. 1 OVERVIEW OF XBRL PROJECTS 3 2 4 BR OFFICIAL DOCUMENTS IFRS AND BACH TAXONOMIES AMTF Agenda

  3. Overview / Updates • Overview • who and what in each country or project, • regarding XBRL + EU BR • On our program for 31 May only: • Infogreffe, Taxonomy update • Monnet, Update translation review • European Commission Directive on interconnection

  4. European Directive for BR On 10 May 2012, the Council of the European Union adopted a directive setting up a system for the interconnection of central, commercial and companies registers 5/12 and 9358/12 ADD1 The directive aimed at improving access to up-to-date and trustworthy information on companies XBRL Europe and our Working Group contributed to the discussion on the draft document: 24/02/11 FIRST DRAFT Still to discuss: Implementing Acts 11/05/12 ADOPTED BY THE COUNCIL 4

  5. Sharing knowledge on BR • Please present your official templates for documents on Company ID & Financial Statements, focusing on: • The registration number • The registration authority • How to get the document

  6. AMTF • Purpose • “Comparability” enables XBRL instance documents, even from different taxonomies, to be compared and consumed. • We are invited to react for defining comparability requirements in detail, from a business point of view. • Overview • AMTF produced a draft document. The sections are: • 1) Executive Summary • 2) Use cases: Typical use cases where comparability is required • 3) Business requirements: Derived from the Use Cases • 4) Domain model: Concepts, attributes, business rules and their relationships • The complete • document:

  7. Our needs (reminders) Local instance We need XBRL technical possibilities to express the links between the xEBR taxonomy and each local taxonomy (« mapping »). xEBR taxonomy Local instance Does a specific AMTS use case and the global requirements meet our need?

  8. Our stepstone xEBR is mapped with the local taxonomies Links 7 Mapping initiated: Links Links Links But today we still need XLS file to administrate the mapping

  9. Our two detailed requirements • 1. Cross Border Ratio Caption: Local Concept xEBR Concept Local Concept XBRL concept Mapping link 2. Cross Border display for analysis and comparison Local Concept Local Concept xEBR Concept Caption: Local Concept xEBR Concept Local Concept XBRL bloc XBRL concept Local Concept Local Concept xEBR Concept Mapping link Local Concept Local Concept Presentation link

  10. Study of AMTS • Study of AMTS Uses Cases and requirements Usecase 1: Basic comparison Usecase 2: Investing (1-1) Usecase 3: Benchmarking (1-x) Usecase 1:

  11. Study of AMTS Use Case 2: Investing (1-1) • Compare Periods • Compare Entities • Compare Units • Compare Concepts • Compare Dimensions

  12. Our conclusion • To be validate on 31 of May: • Allow to create semantic assertions to link two concepts and describe the quality of the links • Allow to create assertions or calculate assertions using more than two taxonomies • Combine formulae and comparability assertions • Connect blocs of concepts (that are linked by presentation/calculation relationships) for rendering the results of assertions • Compare data from instance documents with extracted data from other (authentic) sources (HTML, XML…) • Discuss on where to put the assertions and comparability links

  13. xEBR & IFRS Taxonomy First draft of xEBR & IFRS mapping Links • Reference taxonomy: IFRS_20110325 • 53 concepts are mapped in exact match • 5 concepts are mapped in narrow match • 5 concepts have comments to discuss • Current release : IFRS_20120329 • Our contact: • Rita Ogun-Clijmans Workalreadydone Work to do

  14. xEBR & BACH taxonomies ECCBSO taxonomy for BACH database • xEBR propositions: “share the concepts” • Theopportunitytocreateinstanceswithcorereference data from ECCBSO and from Business Registers • Theopportunitytointerconnectthevariousschemes (BACH data model, local BR taxonomies) through xEBR-BACH. Thiscouldindeed be an input fortheEurostat WG

  15. Program for tomorrow, at Bank of Spain • Morning :Plenary Session (9.00 – 12.30) • Afternoon : xEBR WG • Business registers’ latest news • Update on ourworkingtopics : • Directive on interconnection of Business Registers • AMTF, Interoperabilitytask force • Monnet program • ISA, Corevocabulary group • xEBR and IFRS connections • CEN Workshop (Bank of Spain, 17.00- 19.00) • Old Town Walking Tour (Metro Opera, 19.00) • Paella & Flamenco (Rest. El Arrozal, Calle Segovia 13. Old town, 20,00) Reminders for today

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