Welcome from XBRL International Report on XBRL International (XII) Activities Kurt Ramin Chairman – XBRL International Steering Committee Commercial Director, IASCF Former Partner, PricewaterhouseCoopers Tuesday, 26 April 2005, Boston

Agenda  Report on XBRL Activities Internationally  International Organization and Strategy  Jurisdictions and Working Groups  Projects around the world  Next steps in the International integration of Business and Financial Reporting

XBRL <price>100</price> 2 2 RFID – Radio frequency Identification

Capital MarketsBankingReal EstateInsurance Transaktional Capital Markets Data Exchange ISO 15022, FinXML Securities Trading SWIFTML, FIXML, STPML Securities Vocabularies MDDL Derivatives FpML Consumer & Business IFX, OFX Mortgage MISMO Real Estate Transactions RETML Consumer & Business ACORD Reporting All Financial Reporting XBRL Financial Research RIXML, IRML Financial News MarketML Source: Copyright © 2002, ZapThink, LLC Standards in Financial Services

The business reporting supply-chain External Financial Reporting Business Operations Internal Financial Reporting Investment, Lending, and Regulation Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies XBRL GLIFRS XBRL taxonomies Companies Entities: Public Companies NPAEs Public Sector

Agenda  Report on XBRL Activities Internationally  International Organization and Strategy; Jurisdictions and Working Groups  Projects around the world  Next steps in the International integration of Business and Financial Reporting

after term expires International Steering Committee Chair: Kurt Ramin International Steering Committee Chair: Kurt Ramin Board of Advisors (5 to 19 members) Not Yet Established 1 st Vice Chair Paul Penler 1 st Vice Chair Paul Penler 2 nd Vice Chair Walter Hamscher 2 nd Vice Chair Walter Hamscher Executive Committee* (7 members) elects appoints Immediate Past ISC Chair Vacant Immediate Past ISC Chair Vacant member of ISC chair elects ISC Seat Key No Seat on ISC **Standing XBRL International Governance Provisional Jurisdictions Korea Belgium Denmark Sweden ISC Representatives At Large Representatives Michael Ohata* Vincent Bert Currently Vacant Walter Hamscher John Turner Makoto Koizumi Mike Willis President ** Louis Matherne President ** Louis Matherne Olivier Servais Established Jurisdiction Representatives CA Bill Swirsky CA Bill Swirsky AU Paul Phenix AU Paul Phenix IASB Kurt Ramin IASB Kurt Ramin NZ Graeme Sinclair NZ Graeme Sinclair UK Chris Rodgers UK Chris Rodgers DE Norbert Flickinger DE Norbert Flickinger US Paul Penler* US Paul Penler* JP Eiichi Watanabe * JP Eiichi Watanabe * NL Jan Pasmooij NL Jan Pasmooij IR Conor O’Kelly IR Conor O’Kelly SP Federico Florez * SP Federico Florez * * At Large EC Representation from ISC France Established Jurisdiction Representatives CA Bill Swirsky CA Bill Swirsky AU Paul Phenix AU Paul Phenix IASB Kurt Ramin IASB Kurt Ramin NZ Graeme Sinclair NZ Graeme Sinclair UK Chris Rodgers UK Chris Rodgers DE Norbert Flickinger DE Norbert Flickinger US Paul Penler* US Paul Penler* JP Eiichi Watanabe * JP Eiichi Watanabe * NL Jan Pasmooij NL Jan Pasmooij IR Conor O’Kelly IR Conor O’Kelly SP Federico Florez * SP Federico Florez * Provisional Jurisdictions Korea Belgium Denmark Sweden France

International Steering Committee Chair: Kurt Ramin International Steering Committee Chair: Kurt Ramin Executive Committee * Louis Matherne, President Marisa Chung, Business Development & Operations Manager Hugh Wallis – Standards Development Ignacio Hernandez-Ros – Taxonomy Development Tracey Tarinelli, Program Manager Peter Calvert, Web Content * Louis Matherne, President Marisa Chung, Business Development & Operations Manager Hugh Wallis – Standards Development Ignacio Hernandez-Ros – Taxonomy Development Tracey Tarinelli, Program Manager Peter Calvert, Web Content XBRL International Operations XII Staff* Working Groups Solutions Chair: Michael Ohata Vice Chair: Paul Snijders Solutions Chair: Michael Ohata Vice Chair: Paul Snijders Domain Chair: Josef MacDonald Vice Chair: Marc van Hilvoorde Domain Chair: Josef MacDonald Vice Chair: Marc van Hilvoorde Basel II Chair: Daniel D’Amico Basel II Chair: Daniel D’Amico Assurance Chair: Jan Pasmooij Vice Chair: Bill Swirsky Assurance Chair: Jan Pasmooij Vice Chair: Bill Swirsky Accounting Chair: Dan Roberts Vice Chair: Yossef Newman Accounting Chair: Dan Roberts Vice Chair: Yossef Newman General Ledger Chair: Diane Mueller General Ledger Chair: Diane Mueller Specification Chair: Paul Warren Vice Chair: Cliff Binstock Specification Chair: Paul Warren Vice Chair: Cliff Binstock ISC Subcommittees Finance Chair – Kurt Ramin Finance Chair – Kurt Ramin Nominating Chair – Bill Swirsky Vice Chair – Conor O’Kelly Nominating Chair – Bill Swirsky Vice Chair – Conor O’Kelly Bylaws Chair - Hugh Wallis Bylaws Chair - Hugh Wallis Jurisdiction Development Chair – Liv Watson Jurisdiction Development Chair – Liv Watson Product Development Team Chair – Walter Hamscher Product Development Team Chair – Walter Hamscher Board of Advisors Selection Chair – Mike Willis Vice Chair – Olivier Servais Board of Advisors Selection Chair – Mike Willis Vice Chair – Olivier Servais Intellectual Property Policy Chair – Bill Swirsky Intellectual Property Policy Chair – Bill Swirsky Working Groups Solutions Chair: Michael Ohata Vice Chair: Paul Snijders Solutions Chair: Michael Ohata Vice Chair: Paul Snijders Domain Chair: Josef MacDonald Vice Chair: Marc van Hilvoorde Domain Chair: Josef MacDonald Vice Chair: Marc van Hilvoorde Basel II Chair: Daniel D’Amico Basel II Chair: Daniel D’Amico Assurance Chair: Jan Pasmooij Vice Chair: Bill Swirsky Assurance Chair: Jan Pasmooij Vice Chair: Bill Swirsky Accounting Chair: Dan Roberts Vice Chair: Yossef Newman Accounting Chair: Dan Roberts Vice Chair: Yossef Newman General Ledger Chair: Diane Mueller General Ledger Chair: Diane Mueller Specification Chair: Paul Warren Vice Chair: Cliff Binstock Specification Chair: Paul Warren Vice Chair: Cliff Binstock

Agenda  Report on XBRL Activities Internationally  International Organization and Strategy; Jurisdictions and Working Groups  Projects around the world  Next steps in the International integration of Business and Financial Reporting

Agenda  Report on XBRL Activities Internationally  International Organization and Strategy; Jurisdictions and Working Groups  Projects around the world  Next steps in the International integration of Business and Financial Reporting

Specification Stable Platform - XBRL Specification History  Increasing resources applied  Increasingly thorough; Higher standards  Elapsed time is still sobering! XBRL 1.0 XBRL 2.0 XBRL 2.0a XFRML Tulip XBRL /99 6/00 12/0131/125/0311/02 Boston Mtg. 12/00 Tampa Mtg. XML Schema 5/01 External Deadline on 2.1 XML Linking

International Integration  International Members (present in several jurisdictions)  Accenture  Deloitte  Ernst&Young  KPMG  PricewaterhouseCoopers  AdobeSystems  Fujitsu  Hyperion Solutions  Microsoft  Rivet Software  SoftwareAG  Universal Business Matrix  Members in Jurisdictions  Australia 20+  Canada 20  Germany 30+  Ireland 14  Japan 80+  Netherlands 40+  New Zealand 15  Spain 30+  UK 20+  US 50+

Georgian Version of IFRS

IFRS around the Globe (90 + countries)  Principles based  Rules based  Definition based

Accounting Objects –XBRL GL

Statements of Financial Position Change Time Statements of Financial Position Operational Equity Financial Equity Other Equity Operational Equity Statement of Financial Performance For specific Business Model Quantity X Value Beginning Period Quantity X Value Ending Period Market Value Financial Equity Other Equity Operating Financial Other Change in Equities Change in Shareholder Value Reconciliation of valuation to cash flows with supporting disclosures ! Multi-level reporting per Period fair value cash flow accrual Data definitions accounting objects Enhanced business reporting

Kurt Ramin Commercial Director, IASCF Former Partner, PwC Global Chair – XBRL International (e)