XBRL Updates Sharing XBRL good practices for Business

XBRL Updates Sharing XBRL good practices for Business Registers at the European Level – A step towards convergence Thomas Verdin, EU BR WG Chair

Remember me… XBRL What & Why? XBRL is the universal language for the financial communication § 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 efiling and reduce administrative burdens FINANCIAL REPORTS INTERACTIVE DATA

Remember me… XBRL 5 words to know XBRL goes about “reports, taxonomies, facts, tags and templates” TAXONOMY XBRL TAG XBRL FACT TEMPLATE REPORT XBRL FILE INSTANCE DOCUMENT

XBRL Europe Where & Who? § www. xbrl. eu § gilles. maguet@xbrl-eu. org XBRL Europe supports the advancement of XBRL in Europe § 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 Executive Committee Secretary General Gilles Maguet MEMBERS WC Euromarcom Sylvie Lépicier WC Strategy & EU Liaison Jean Luc Menda WC Project Coordination Dereck de Brandt WG EU Business Registers – Thomas Verdin WG Harmon COREP FINREP – Derek Debrandt WG IFRS Extensions – Bodo Kesselmeyer . . . design common reporting standards and data provision requirements for cross-border groups, preferably in a multi purpose format such as XBRL. . .

XBRL Europe BR WG Who & Why? Create 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 EU BR WG The first steps The 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 WG Where to go? XBRL to publish information from National Registers ACCESS TO REPORTS FROM DIFFERENTS COUNTRIES (LOCAL GAAP) EXCHANGE OF INFORMATION OF CROSSBORDER COMPANIES NATIONAL REGISTER 1 MAPPING DIAGRAM XBRL to share efforts on IFRS reports USERS COMMON TAXONOMY & FILING SYSTEM NATIONAL IFRS REPORTS NATIONAL REGISTER 2

END USER PUBLISH ANALYSE BACK OFFICE ANALYSTS COLLECT & RENDER NATIONAL PROJECTS - PRESENTATIONS

XBRL Updates National illustrations Updates on the Belgian, British and Italian projects END USER PUBLISH ANALYSE ANALYSTS BACK OFFICE MILLIONS OF XBRL ANNUAL ACCOUNTS BILLIONS OF XBRL FACTS COLLECT & RENDER … amongst a lot of national XBRL initiatives FOR ADDITIONAL INFORMATION, PLEASE CONTACT : § thomas. verdin@xbrl-eu. org June 23 -25, 2009