XBRL EU BR Thursday 31st September 2011 XBRL Europe Meetings – Madrid Thomas Verdin 1.

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Presentation transcript:

XBRL EU BR Thursday 31st September 2011 XBRL Europe Meetings – Madrid Thomas Verdin 1

xEBR Working group – the usual reminder Purpose increase the coordination and interoperability for XBRL efforts and taxonomies for European Business Registrars and company information providers Scope all economic and legal data for companies operating or registered in the European Union : company ID, annual accounts, other economic & legal data Deliverables overview of existing material, common & best practices, generic taxonomies and all other exchanges between members about XBRL

24/02/11 FIRST DRAFT 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: 3 European Directive 11/05/12 ADOPTED BY THE COUNCIL 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 Still to discuss: Implementations Acts

Our Working topics On going To do Share on Business Registers Official Document

Focus on Our requirements on comparability 5 1. Cross Border Ratio 2. Cross Border display for analysis and comparison Local Concept xEBR Concept Local Concept Caption: XBRL Concept Caption: XBRL BLOC Definition links Présentation links Calculation links

Focus on Core Reference taxonomy updates Personn The xEBR taxonomy is used as the reference. ISO code: ISO5218 Business Location ISO code used: ISO10160

This afternoon (program) Our working group program (13:30 - COB. Board room) Business registers latest news Update on our working topics : Directive on interconnection of Business Registers AMTF, Interoperability task force Monnet program ISA, Core vocabulary group xEBR and IFRS connections