Track 3 “Interactive Data Sharing” Thomas VERDIN, Dirk TUYMANS, Sascha HEINIG

1. 22nd XBRL International Conference“Sharing Economic Information in a Global World: the XBRL Contribution”17-19 May 2011Brussels, Belgium Track 3 “Interactive Data Sharing” Thomas VERDIN, Dirk TUYMANS, Sascha HEINIG Wednesday, 18 May 2011

2. The xEBR WG a network of Business Registers Purposeincrease the coordination and interoperability for XBRL efforts and taxonomies for European Business Registrars and company information providers Scopeall economic and legal data for companies operating or registered in the European Union :company ID, financial statements, other economic & legal data Deliverablesoverview of existing material, common & best practices, generic taxonomies and all other exchanges between members about XBRL

3. 1 • Interconnection of the Business Registers in Europe 3 2 Use of XBRL for the Bundesanzeiger Interoperabilitywith BACH scheme AGENDA

4. XBRL EuropeBusiness Registers in Action Interconnection of Business Registers European Commission proposal Core Reference Taxonomy : xEBR More interconnection & exchanges MonnetProject Localization thanks to interconnection

5. European Commission Initiative 24/02/11 START Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 89/666/EEC, 2005/56/EC and 2009/101/EC as regards the interconnection of central, commercial and companies registers Consultation ON PROCESS xEBR COMMENTS Facilitate access to economic and legal information regarding companies in Europe Draft Directive

6. Core Reference Taxonomy ROAD BOOK

7. Overview of the xEBR Taxonomy abstract Vx monetary Financial statements Company Profile/ID

8. Common Taxonomy Elements xEBR Taxonomy V2 + • Vocabulary (MONNET) • Additional infos (THEIA) • Consistence with ECCBSO (BACH) + • XBRL is the best standard for a Common Reference • One connecting structure presented as a taxonomy • Interconnecting with presentation linkbases of local taxonomies xEBR Taxonomy V3 + xEBR Taxonomy V4 + Technical Adjustments xEBR Taxonomy V5

9. xEBR for interoperability • Mapping: • For cross-border rendering • For cross-border ratios • For cross-border transfers • … • Use Cases: • Cross-border rendering, financial statements • Cross-border ratio on multiple taxonomies • Cross-border storage of EU taxonomies and instances

10. Monnet Project

11. 1 • Interconnection of Business Registers in Europe • 3 2 • Use of XBRL for the Bundesanzeiger Links between xEBR and BACH/ESD AGENDA

12. Links betweenxEBR and BACH/ESD • Initial idea on company key figures • +/- 55 variablese.g.: "land and buildings", "operating income" • national concepts expressed in codes and labelse.g. for BE: 44 "trade creditors"NL: handelsschuldenFR: dettes commercialesDE: Verbindlichkeiten aus Lieferungen und Leistungen • interoperability established by using information in national reference linkbase • relationship with national concepts, 7 reference termse.g. "broader than", "sum of", "close to"

13. Links betweenxEBR and BACH/ESD • But "sharing information" also means reusing existing structures, data and methodologies • Qualitative work done by ECCBSO:European Committee of Central Balance-Sheet Data Offices • BACH: Bank for the Accounts of Companies Harmonized • ESD: European Sectoral references Database • http://www.bachesd.banque-france.fr/?lang=en

14. Links betweenxEBR and BACH/ESD • BACH provides annual accounts statistics • for non-financial enterprises for 9 EU countries • for at least 10 financial years (from 2000 onwards) • for 95 major harmonized items of • assets and liabilities • profit and loss account • notes • the business sectors correspond to the NACE rev. 2 breakdown into divisions (2 digits) • 3 different size classes • either a variable sample or a sliding sample over 2 years

15. Links betweenxEBR and BACH/ESD • Advantages of reusing BACH variables • harmonization of definitions xEBR - BACH • transition table between (European) harmonized items and national codes already done for 9 EU countries • micro-economic information from XBRL instance documents can be compared with sectoral information from BACH database

16. Links betweenxEBR and BACH/ESD • State of affairs on company key figures • 102 variables including all 95 BACH items • relationship between concepts uses SKOS (Simple Knowledge Organization System) reference terms • exact match: national concept is exactly equivalent • narrow match: national concept is more specific • broad match: national concept is more generic • mapping has been prepared for several business register taxonomies (BE, DE, FR, IT, ...)

17. Links betweenxEBR and BACH/ESD • ESD contains financial ratios • for non-financial companies for 8 EU countries • for 28 ratios • operating cost, earning and profitability • working capital • financial income and charges • assets and liabilities structure • shown in quartiles • differentiated by NACE rev.2 codes (2 digits) • 4 different size classes

18. Links betweenxEBR and BACH/ESD • Advantages of using ESD information • ratios are based on concepts from BACH database • sectoral benchmarks by comparing the financial performances of single firms derived from XBRL instance documents with its respective sectoral and size aggregate from ESD database • consistent and comprehensive figures to credit institutions for their credit risk analysis

19. 1 • Interconnection of the Business Registers in Europe 3 2 Use of XBRL for the Bundesanzeiger Interoperabilitywith BACH sheme AGENDA

20. Use of XBRL for the Bundesanzeigere-federalgazette in Germany Main Tasks: • checking of completeness and filing in due time (§ 329 HGB) (4 Month - 1 Year) • transformation of heterogeneous data into a standardized internet format • transmission to Business Register • peak season December – February • reporting about none and late filing to Ministry of Justice (fines from € 2.500 up to € 25.000)

21. Use of XBRL for the BundesanzeigerXBRL - data sources • 1.1 m. annual accounts per year • 55% unstructured • currently accepted filing formats • legal gazette • XML / XBRL • MS-Office • PDF • paper (till 2009) • Business Register • XML • PDF (as a service) Filing mainly in XML / XBRL • price • usability Filing to the federal gazette in 2010

22. Use of XBRL for the BundesanzeigerXBRL – data harmonization • Harmonization process • transformation from different data sources to XBRL • mutli-level quality testings • branch- and sectoral specific information (WZ08) • result: harmonized data sets for further processing

23. Use of XBRL for the Bundesanzeiger- case studies for the use of XBRL data - • Own products • business portal „Firm Extra“ • ratios • benchmarks • region • branch • companies sizes • company profiles • company monitoring • solution provider - data selling

24. Use of XBRL for the Bundesanzeiger- case studies for the use of XBRL data - • Known partner products • rating agencies • ratings • scorings • benchmarks • information-provider and –refiner • ratings • benchmarks • credit assurances • credit risk management • solvency statements • risk monitoring

25. Use of XBRL for the Bundesanzeiger- future opportunities - • Activities planned to raise our XBRL quota • introduction of XBRL forms for filing annual accounts • promotion of XBRL to software providers for tax accountants • solution provider for “E-Bilanz” XBRL • Future objective • Achieving a real Business register interoperability through the usage of XEBR-structure with EU-wide branch specific benchmarks

26. Questions & Contacts Dirk TUYMANS dirk.tuymans@nbb.be Sascha HEINIG sasha.heinig@bundesanzeiger.de Thomas VERDIN thomas.verdin@theia-partners.com