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October 14, 2004XBRL IR © Semansys Technologies1 XBRL in Government XBRL Finland June 2005 Paul Snijders CEO Semansys Technologies Member of the Board XBRL in Europe Board member XBRL NL Vice Chair Solutions Working Group XBRL in Europe
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October 14, 2004XBRL IR © Semansys Technologies2 Agenda 1.Background 2.Project featuring: 3.Solution 4.New working environment 5.Lessons learned
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October 14, 2004XBRL IR © Semansys Technologies3 How do you start You know the it is a professional standard You see the benefits for preparers And can deliver cost savings for regulators But: You are the only one who knows There is no track record The standard is still under development
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October 14, 2004XBRL IR © Semansys Technologies4 A typical XBRL Case A small group of preparers (Water Boards) All participants in reporting chain involved Benefits for preparers and regulators A showcase implementation of XBRL Standard XBRL software utilized The RegulatorThe Supplier Honored to speak on behalf of: The Customer
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October 14, 2004XBRL IR © Semansys Technologies5 The background Financial situation of local government not transparent with hidden capital and unclear financial position. Politicians in Europe demand more control over monetary policy. No clear European wide reporting standard in use. EMU reporting (European Monetary Union) to: European Commission, European Central Bank New reporting requirement: More detail, More frequent Faster – within 30 days
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October 14, 2004XBRL IR © Semansys Technologies6 Water Boards Semi government, Euro 2.5 Billion Budget Water management, dyke control, water quality 50 of 900 local government orgs in Holland 30 days to report External accounting rules (EMU) GL 6 months to implement
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October 14, 2004XBRL IR © Semansys Technologies7 Software vendors Ministry of the Internal Regulator Preparers Joint effort ‘Sales’ package to regulator Realized High level support Software vendors adopt XBRL Preparers and supplier compose the solution for the complete reporting chain All local government organizations MUST report in XBRL as from 2004. Integrated Semansys OEM solution
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October 14, 2004XBRL IR © Semansys Technologies8 Project scope Minimal burden for preparers Foundation for 49 other reporting tasks Low cost, easy deployment Showcase for 900 other organizations Blueprint for other closed loop reporting duties
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October 14, 2004XBRL IR © Semansys Technologies9 Project design Management Semansys Customization Semansys Integration SW vendors Implementation Training Semansys Supervision Association of Water Boards Regulator CBS Taxonomy Development Communication Receiving processing Report Waterboars
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October 14, 2004XBRL IR © Semansys Technologies10 Solution requirements Low threshold: financially, functional and architectural For incidental use Flexible to additional reporting duties Supplementary to existing applications
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October 14, 2004XBRL IR © Semansys Technologies11 Solution outline Legislation GAAP Taxonomy SAP Agresso IBS Coda XBRL Reception Validation Compliance Supervision Regulators Gov’
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October 14, 2004XBRL IR © Semansys Technologies12 New preparer environment Walk-up user interface 1 day training on background, not application Potentially 1 button operation Operation steps introduced on request
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October 14, 2004XBRL IR © Semansys Technologies13 New preparer environment
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October 14, 2004XBRL IR © Semansys Technologies14 New preparer environment
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October 14, 2004XBRL IR © Semansys Technologies15 New preparer environment
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October 14, 2004XBRL IR © Semansys Technologies16 New preparer environment
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October 14, 2004XBRL IR © Semansys Technologies17 Lessons learned - results Achievements: - Highly feasible - Keep it simple - Do not ‘hype’ XBRL But: - KISS - Align stakeholders - Concept XBRL appealing but difficult for preparers - Quality and support for taxonomy is vital - Use XBRL as enabler, not solution
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October 14, 2004XBRL IR © Semansys Technologies18 Lessons learned – Don’t… Just don’t… - Hard code XBRL in application - Show XBRL to user - Forget to loop back as processor - Forget about taxonomy publishing procedures
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October 14, 2004XBRL IR © Semansys Technologies19 Minister of FinanceMinister of the Internal XBRL is government policy Dutch Administration Dutch Administration: Expense reduction through XBRL: euro 420 million XBRL is the most effective way to reduce administrative burden The Queen PM
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October 14, 2004XBRL IR © Semansys Technologies20 €420 Million
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October 14, 2004XBRL IR © Semansys Technologies21 External reporting in Holland 33 percent of the admin burden is from annual reports and tax fillings
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October 14, 2004XBRL IR © Semansys Technologies22 1.Project for reducing expenses of €3 Billion by 2008 1.By harmonizing and improving the business exchange 2.By using XBRL 2.Supported by the Dutch government: Ministery of Finance Tax authority (Belastingdienst) Economic Affairs Justice Social Affairs (Sociale Zaken en Werkgelegenheid) Water boards (Verkeer en Waterstaat) Environment (VROM) And with Chamber of Commerce 3.Submitted to the EU during the Dutch Chairmanship (S2- 2004) Business first, reduce regulation!
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October 14, 2004XBRL IR © Semansys Technologies23 The future More reporting tasks More Water Boards More local government (900+) And still : simple, easy and short delivery times Health Cities Water Boards
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October 14, 2004XBRL IR © Semansys Technologies24 Conclusions Closed loop solution realized Proven integral approach No threshold for direct utilization Standard software available Implementation at low cost Instant advantages for preparers and regulator
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October 14, 2004XBRL IR © Semansys Technologies25 CREDITS Association of Water Boards Wijnand Dekking The users Aa en Maas Alblasserwaard De Brielse Dijkring De Dommel Groot Salland Hollands Noorderkwartier Noorderzijlvest Reest en Wieden Rivierenland Rijn en Ijssel Vallei & Eem Velt en Vecht Veluwe Brabantse Delta Zeeuws-Vlaanderen Zuiderzeeland Statistics Netherlands (CBS) Gerrit de Bolster Marko Roos Dick van Tongeren Léonard Haakman LogicaCMG Corné Hordijk Ralf van den Ham Deloitte. Dave van den Ende Rob Dubbeldeman With special thanks to : Minister of the Interior Minister J. Remkes Minister of Finance Minister G. Zalm Dutch Administration For advancing adoption XBRL-NL Jan Pasmooij XBRL International Walter Hamscher IBS Nederland BV Jan van Wijngaarden Marcel Baelemans Robert Jan Vonk CODA David Boot Felix Rijnierse Wilfried Teunissen Peter van Ass Hans van Leur PinkRoccade Jos van Kollenburg Koen Laurijsen Frank Kanne
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October 14, 2004XBRL IR © Semansys Technologies26 Thank you! More information: Paul Snijders www.semansys.com Paul.snijders@xbrl-eu.org Paul.snijders@semansys.com XBRL in Europe
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