SBR Concept, Approach & Progress Meeting Austrian Delegation February 1, 2012

The concept of SBR The basic concept of SBR is standardization of:  Data:  XBRL-Taxonomy  Processes:  Standardized processes to file XBRL / SBR reports, including a Intelligent Gateway (Digipoort in Dutch)  Modeled by using BPMN (Business Process Model and Notation)  Technology and techniques:  Using “Open Standards’, like XBRL, Web services (SOAP, EBMS, WUS) 2 Standard Business Reporting Program A Netherlands government initiative

Why SBR? SBR means standardization in the process of financial reporting:  Business to government  Currently: Tax office, Chamber of Commerce and Central Bureau of Statistics  Future: Agro sector, Healthcare, Education,  Business to business  Currently: Credit risk reporting to banks  Future: Insurance, Pension funds  Government to Government:  Future: Reporting of schools to the Ministry of Education (Regulatory Reporting)  Cost for Cure & Care in the ageing society In short: Create an administrative and technical infrastructure which provides the conditions for easier filing processes to lowering the overall level of transaction costs. 3 Standard Business Reporting Program A Netherlands government initiative 3

SBR-NL History  From 2000 onwards: government priority to reduce administrative burden for business:  The “fuss” of complying to government regulations  2002/03: recognition of potential of XBRL:  a means of reducing the cost of financial reporting to government  2005/06/07: start of the NTP: Netherlands Taxonomy Project  Development of initial thinking with regard to Taxonomy  Development of design for a Generic Intelligent Infrastructure (Receiving messages for all participating government agencies)  2008/09: development and implementation of major tools:  NL-Taxonomy 2010  Intelligent Gateway (Digipoort in Dutch) / Process Infrastructure  2009/10/11: move from development to implementation  instances in 2011  2012: adoption & move from project to going concern 4 Standard Business Reporting Program A Netherlands government initiative

SBR-NL Approach  Government and business in the 21 st century: a complex relationship:  The “business of government” is a complex thing  The “business of business” is a complex thing  The “business” of government and business interacting with each other is even more complex  Reducing this complexity requires standardization of filing processes and data:  Allow for generation of reports directly out of basic administrative systems  Allow for system2system processing  Thus:  Creating less administrative burden within reporting organizations (business)  Higher level of data quality in “receiving” organizations (i.e. government/banks)  Creating Standards requires co-operation in a competitive market; therefore the SBR NL Program is a co-operation between Government and Business 5 Standard Business Reporting Program A Netherlands government initiative

SBR-NL Program Challenges  SBR-NL challenges:  Work in a competitive market  Seeking the buy-in of organizations involved (public & private sector)  Getting the market to actually start using SBR  SBR-NL: seeking co-operation:  on issues that have deep impact for business- and government processes  were not understood by many  Therefore: Development & Dissemination of Knowledge is key topic 6 Standard Business Reporting Program A Netherlands government initiative

SBR-NL in action  Objectives:  Growth of number of intermediaries involved (Road show in 2011)  Growth of number of instances filed (> )  Growth of agencies interested (Education, Pension Funds, Care / Cure)  Development of a robust governance structure  Governance structure  SBR Council:  High level representatives of business and government  Strategic decision making  SBR Platform:  Representatives of business community and government  Hands-on experience  Constantly generating issues that may block the uptake of SBR  SBR Expert groups:  Expert groups for Data/Taxonomy, Processes, Marketing & Communication  Bringing together all available expertise in the Netherlands (and from outside, if needed)  Finding solution for the issues  SBR Program Team:  Supporting the various groups with expertise  Support actively implementation and adoption 7 Standard Business Reporting Program A Netherlands government initiative

SBR-NL International / European focus International focus  Cooperation with Australia  SBR International Forum  Objectives  Focus on SBR developments by governments  Information sharing  Developing / selling the SBR concept  Chair Australia, Co-chair NL  Member of Government / Regulatory Special Interest Group (GRSIG)  ‘Participating’ in XBRL International Inc. European focus  Main target European Commission  With support European member states who support SBR  Main objectives  Information sharing, developing / selling the SBR concept  Safeguarding our SBR investments / interests 8 Standard Business Reporting Program A Netherlands government initiative

Where are we now?  The NL-Taxonomy is available for 2012  The Intelligent Gateway / Process Infrastructure (Digipoort in Dutch) is operational since end 2009  May 2011 decision made: XBRL / SBR the exclusive channel (mandate) for SBR reports starting from 2013 with Tax reports, followed by Financial Statements and Statistics. Credit risk reports will be on voluntarily basis  Now with the mandate:  Software vendors have started to adjust their products with XBRL / SBR functionality  Financial intermediaries started to adopt and to use XBRL / SBR  SBR Team is supporting implementation and adoption by providing, Information, Knowledge and Active support. 9 Standard Business Reporting Program A Netherlands government initiative

What’s up for this 2012 and ……….?  Adoption by the businesses  We will finish the initial phase of our program:  Receiving the amount of instances we are expecting  Stabilizing our processes and procedures  Improving the taxonomy (dimensions, formulas)  Transition from a project to a “going concern”:  From a project organization into a structured permanent setting  Operational excellence: 24/7;  Broadening of scope:  Exploration of additional government agencies and their filing processes 10 Key issue: Development and Dissemination of Knowledge University of Delft Standard Business Reporting Program A Netherlands government initiative

Thank you very much Standard Business Reporting Program A Netherlands government initiative 11 Standard Business Reporting Program A Netherlands government initiative