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Background

The Danish XBRL projekt 1: Background 2: Why XBRL and what do we hope to achieve 3: Challenges and opportunites 4: Key partners 5: Key elements 6: The solution – and a live presentation 7: The next steps 8: Questions. Background. What is DCCA? 140.000 paper based class B annual reports

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Background

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  1. The Danish XBRL projekt1: Background2: Why XBRL and what do we hope to achieve3: Challenges and opportunites4: Key partners5: Key elements6: The solution – and a live presentation7: The next steps8: Questions

  2. Background • What is DCCA? • 140.000 paper based class B annual reports • Stored as GIF files (pictures) • No data mining • No validation • No interfaces for our partners • Year 2000 a xml reporting form, no data storage • Year 2003 XBRL upload solution and a XBRL reporting form, for parts of the annual report, storage in PDF format • Year 2007 a full-scale XBRL solution for the Danish class B annual reports

  3. Why XBRL and what do we hope to achieve • Open international standard for financial data • Maintained by and international non profit consortium • We expect that the companies, the financial sector and the public sector will generate significant cost savings when XBRL is used for both internal and external reporting.

  4. Workflow anual reporting to day Company Accountant DCCA From digital to paper ERP-system Accountants system From digital to paper DCCA recieve From paper to digital From paper to digital DCCA store From digital to paper From digital to paper DCCA publish

  5. Challenges and opportunites • The anual report - Not a fixed format • Many different auditor’s statements – a lot of text • Concervative ”costumers” • No software vendor with XBRL expertise/experience in Denmark • Moving target, no specification of requirements • The XBRL style sheet is invented • A customised standard reporting system • Development - a co-operation between user (datasuplier), softwarevendors and DCCA • The system complies with our SOA architecture

  6. Key elements • The taxonomy • Instant documents • Style sheet • The digital signature (certificate) • The DRP- platform • Our portal setup

  7. The taxonomy • Based on EU's 4. and 7. accounting directives (profit and loss and balance sheets) and generally accounting practice in Denmark for small companies (mainly notes). • It includes a full annual report and contains the following sections: statement by the board of executives and board of directors, independent auditors report, executive report, accounting policies, profit and loss, balance sheet and notes. • Our taxonomy for small companies is approximately 2900 lines and includes both danish and english texts. • Link to the taxonomy

  8. Key partners • The Danish statistic agency (Statistics Denmark) • The Danish tax authorities (Skat) • BDO - a Danish accountant company • Software AG and Capgemini • XBRL - Denmark

  9. Tomcat Service Orchestrator xbrlValidator Webservice DRP WSDL CentraSite Tamino drp-metadata Tamino drp-xbrl21 The solution Apache Web Server Security- ssl EogS server certifikat Jboss portal Selvservice and publishing portlet Webservice external reporting system Webservice DST Mule ESB Webservicecall revireg BPEL orchestrator Webservice Skat Webservice OCES chek TDC

  10. Presentation • A live presentation of the solution

  11. The next steps • Extend the taksonomi • Develop the solution further • Integrate with the coming ”Public user and digital rights management system” • Spread the ”word” • Facilitate the use of XBRL in both the B to G and B to B sector.

  12. Questions • Nils-Bro Müller : • nbm@eogs.dk • +4525325930

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