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Statistics Belgium

Statistics Belgium. Project on the use of XBRL at the SBS-department of Statistic s Belgium. Structure of the presentation. SBS datacollection overview SBS in Belgium Development of taxonomy Explanations about our taxonomy Belgian NSI experiences Parameters reused High level strategy

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Statistics Belgium

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  1. Statistics Belgium Project on the use of XBRL at the SBS-department of Statistics Belgium

  2. Structure of the presentation • SBS datacollection • overview SBS in Belgium • Development of taxonomy • Explanations about our taxonomy • Belgian NSI experiences • Parameters reused • High level strategy • Procedure for testing • Timelines

  3. SBS Datacollection • SBS comprises 4 sectors (annex 1-4): • Services • Industry • Distributive trade • Construction • Sample of +/- 44000 enterprises each year • +/- 33000: laying down annual accounts • The associations and the small enterprises not laying donw accounts, are out of scope of this project at this time

  4. SBS Taxonomy • No sectoral diversification • Same documents for entities out of the 4 sectors • Own SBS-taxonomy (import of some parts of taxonomy of the National Bank of Belgium) • Reusability of items out of Belgian GAAP • Reuse of some items out of the detailed accounts of enterprises (≈ Belgian GAAP) • Full: 1/3 of the items are reused out of the GAAP • Abbr: 1/2 of the items are reused out of the GAAP • No reusability of items out of the annual accounts due to administrative simplification

  5. SBS Taxonomy • Maintaining forms philosophy: • 2 forms in according to the annual accounts: • Full • Abbreviate

  6. SBS Taxonomy

  7. SBS Taxonomy • Non-intrusive approach • Xbrl or paper (in line with the NBB) • Xbrl: • Publication of the taxonomy on our website (november) • Software companies are invited to include our taxonomy in their accounting software (based on xbrl): already 1 company shown some interest in it (the biggest of Belgium) • Contact of accountancy enterprises should start asap • Development of application based on xbrl

  8. ENTERPRISE FPS ECONOMY Incorporate in Annual Account Software 1. Download taxonomy SBS Taxonomy 2. Send instance SBS Taxonomy- Instance Internal Database Validation If needed, Correction of instance 3. Result of validation Xml-validation XBRL-validation Validation own rules?

  9. ENTERPRISE FPS ECONOMY 1. Download application Filling in and send Back Application on the Internet based on Xbrl (xls, html,…) 2. Transmission of data in xbrl Internal Database Validation If needed, Correction of instance 3. Result of validation Xml-validation XBRL-validation Validation own rules?

  10. Belgian NSI experiences • Averaged number of parameters reused • GCD • Data types • Value list (countries, towns) • Core (elements out of the GAAP)

  11. Belgian NSI experiences • High level strategy? • Xbrl incorporated into the management plan of our Director General • Testing case SBS. Afterwards, probably extension to other (or all) enterprise statistics (depends on experiences with SBS + the spreading of the use of xbrl through the whole federal administration)

  12. Belgian NSI experiences • Procedure for testing • Contact software enterprises (incorporation of taxonomy in accounting software based on xbrl) • Contact of accountancy enterprises • Contacting of a few enterprises to test the taxonomy

  13. Belgian NSI experiences • Timeliness • Release of the taxonomy by November • Testing phase from November - March • Development of web application by 1/04/2007

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