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The purpose of the XBRL Europe meetings is to increase coordination and interoperability for XBRL efforts and taxonomies for European Business Registrars and company information providers. The scope includes all economic and legal data for companies operating or registered in the European Union. The deliverables include an overview of existing material, common and best practices, generic taxonomies, and all other exchanges between members about XBRL.
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XBRL EU BR Thursday 31st September 2011 XBRL Europe Meetings – Madrid Thomas Verdin 1
xEBR Working group – the usual reminder 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, annual accounts, other economic & legal data Deliverablesoverview of existing material, common & best practices, generic taxonomies and all other exchanges between members about XBRL
European Directive 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: Implementations Acts 11/05/12 ADOPTED BY THE COUNCIL 3
Our Working topics On going To do Share on Business Registers Official Document
Focus on Our requirements on comparability • 1. Cross Border Ratio Caption: Local Concept xEBR Concept Local Concept XBRL Concept 2. Cross Border display for analysis and comparison Caption: XBRL BLOC Definition links Présentation links Calculation links
Focus on Core Reference taxonomy updates Personn The xEBR taxonomyisusedasthereference. ISO code: ISO5218 Business Location ISO codeused: ISO10160
This afternoon (program) • Our working group program (13:30 - COB. Board room) • 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