1. The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation. International Financial Reporting Standards XBRL activities at IASB & IFRS Foundation Kiev, Ukraine 3-5 October 2012 Olivier Servais Director – XBRL Activities © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org October 2012 IASB Agenda Ref

2. 22 Agenda Governance for IASB XBRL activities The IFRS taxonomy Activities for 2012 and planned activities Adoption of the IFRS taxonomy Cooperation between Ukraine and IASB on XBRL

3. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation XBRL activities at IASB & IFRS Foundation 30 Nvember 2011

4. 4 The IFRS XBRL initiative Established by the Trustees in 2001 Part of the adoption and implementation of IFRSs; recognised that XBRL could: –Become the de facto standard for electronic reporting –Support the presentation of financial statements –Support convergence through the codification of concepts –Improve access to financial information –Increase the range of users of financial information (i.e. translation) –Ease IFRS conversion, understanding and implementation The mission of the XBRL team is to create and provide a framework for the consistent adoption and implementation of IFRSs with a high quality IFRS Foundation-developed IFRS Taxonomy in the same languages and at the same time as the IFRSs © IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

5. 5 XBRL advisory committees 6 IASB members and two Director (Technical Activities, Implementation) Formal liaison between IASB and XBRL Team Mutual advice on XBRL-specific issues Facilitates coordination of IFRS and XBRL due processes and work efforts Strategic external advisory committee Provides strategic advice on IFRS Taxonomy adoption and implementation across the globe Technical external advisory committee Reviews developed taxonomies Provides input and practical recommendations on taxonomy usability (XBRL technology and financial reporting) XBRL Board advisory XBRL Advisory Council (XAC) XBRL Quality Review Team (XQRT) © IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

6. 6 What we provide A licence-free IFRS Taxonomy consistent with the IFRSs and the IFRSs for SMEs, with effective standards and standards for early adoption Translations of the IFRS Taxonomy available in Arabic, Simplified and Traditional Chinese, Dutch, French, German, Italian, Japanese, Korean and Spanish Support materials –IFRS Taxonomy Illustrated, presents a simplified view of the Taxonomy in an easy to read, visual format, with non-technical language –xIFRS (IFRSs with XBRL), presents a view of the electronic IFRSs with embedded XBRL available for both the IFRSs and the IFRS for SMEs –Illustrative examples, presents case studies for statements prepared with IFRS taxonomy available for both the IFRSs and the IFRS for SMEs –IFRS Taxonomy Guide, a technical guide for issuers and preparers, analysts, accountants, regulators, software vendors and service providers Outreach activities to national jurisdictions, regulators and supervisors, issuers and preparers, software vendors… © IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

7. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation IFRS taxonomy

8. The IFRS Taxonomy Building Blocks Core disclosure requirement concepts Guidance and example concepts Common / Industry practice concepts Local/regulatory concepts Company concepts © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 8 2,259 399 694 3,770** * Includes also 301 technical elements without reference ** Includes also 418 technical elements without reference 1,851 281 112 2,545* 2011 taxonomy 2012 taxonomy

9. 9 XBRL Due Process stages Input from: XBRL Advisory Council XBRL Quality Review Team XBRL International working groups Other taxonomy developers Regulators Software developers International groups: - Preparers - Financial institutions - Analysts - Users © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

10. Some statistics © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 10 Number of taxonomy items Final 2012 taxonomy Final 2011 taxonomy Final 2010 taxonomy Total 3,769*2,5452,027 Full IFRS (excluding the IFRS for SMEs) (1) 3,6582,4261,936 IFRS for SMEs (2) 1,1351,1281,026 Disclosure requirements (part A of the Bound Volume) 2,2591,8511,688 Examples (part B of the Bound Volume) 3992812 Common Practices 694112114 *Also includes 418 technical elements without reference

11. Statistics cont. © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 11 Number of taxonomy items Final 2012 taxonomy Final 2011 taxonomy Final 2010 taxonomy monetary 1,6601,14591344.0% string 1,20990577532.1% text block 367158959.7% domain 39626719510.5% per cent 703191.9% per share 1411 0.4% shares 13980.3% decimal 25960.7% date 10840.3% pure 52110.1% TOTAL 3,7692,5452,027100.0%

12. 12 IFRS Taxonomy: annual development time line NOVEMBERDECEMBERJANUARYFEBRUARY Final IFRS Taxonomy MARCH APRIL MAY to OCTOBER IFRS Bound Volume *including consolidation of IFRS Taxonomy interim releases End of annual taxonomy development cycle Taxonomy development* XBRL Quality Review Team review Exposure draft IFRS Taxonomy Further taxonomy development IFRS Taxonomy interim releases New / improved IFRSs © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

13. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Supporting materials & translations

14. IFRS Taxonomy 2012 files All files available at http://www.ifrs.org/XBRL/IFRS+Taxonomy/IFRS+Taxonomy+2012/IFRS+Taxonomy+2012+files.htm Taxonomy files, including XSD entry points IFRS Taxonomy Illustrated: –PDF format: –IFRSs organised according to financial statements –IFRSs organised by IFRSs –IFRS for SMEs –HTML format, with taxonomy versioning information: –IFRSs organised according to financial statements –IFRS for SMEs xIFRS (IFRSs with XBRL) 14 © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

15. IFRS Taxonomy Illustrated (ITI) 15

16. Versioned IFRS Taxonomy Illustrated 16

17. xIFRS 17

18. Illustrative examples 18 16 Illustrative examples available http://www.ifrs.org/XBRL/Resources/XBRL+Illustrative+examples.htm Examples include: –Illustrative primary financial statements –Financial instruments –Operating segments –First-time adoption of IFRSs –Share-based payments –Business combinations –Property, plant and equipment –Fair value measurement –Illustrative financial statements for IFRS for SMEs

19. Translations 10+ IFRS Taxonomy translations to date Arabic, Chinese (simplified and traditional), Dutch, French, German, Hungarian, Italian, Japanese, Korean, Portuguese, Spanish and … Ukrainian Translated materials available: –IFRS Taxonomy files –IFRS Taxonomy Illustrated 19 Arabic Spanish © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

20. IFRS Taxonomy translation process © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 20 Translation Team Translation Team XBRL Team National Standard Setter Appointed Translator 1. Agreement 2. Translation request 3. English label request 4. Translation spreadsheet 5. Response 6. Translation request 7. Completed spreadsheet 8. Response 9. Completed spreadsheet Quality check Publishing Hosting

21. 21 Taxonomy Management System (TMS) Internal proprietary platform for taxonomy management Tests : Concepts, Labels, References, Presentation, Calculation, Definition, Generic labels & references, General linkbase & role rules Over 10 different taxonomies have been tested and over 100 reports have been generated Necessary to produce ITI And… it is free © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

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24. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Planned activities for the next 6-12 months

25. 25 Planned activities for the next 6-12 months New IFRS standards Development of common practices reflecting specific activities (banking, insurance and extractive, including oil & gas and mining) Review of the XBRL due process 2013 version of the taxonomy & translations Maintenance of existing platforms (TMS, REPO, XPLOT) Interaction with stakeholders: regulators, users… Data Point Model and Abstract Modelling Development of the documentation labels, and… Review of the strategy © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

26. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation IFRS taxonomy expected Interim releases

27. IASB Work Plan © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 27

28. IASB Work Plan © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 28

29. Standards impacting Taxonomy - 2012 TopicIASB due process stage TimingImpact Annual improvements 2009-2011Completed3 string elements * Transition Guidance (Amendments to IFRS 10) Completed2 string elements * Consolidation – Investment entitiesIFRS to be issuedH2 2012significant General hedge accounting **IFRS to be issuedQ4 2012significant © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 29 IASB FINAL STANDARDS * - to be included with Interim Release for Investment Entities ** - most likely to be included in XQRT draft of IFRST 2013

30. Standards impacting Taxonomy - 2013 TopicIASB due process stage TimingImpact LeasesRe-exposure DraftQ4 2012significant ImpairmentRe-exposure DraftQ4 2012significant Insurance contractsRe-exposure DraftH2 2012significant IFRS 9: Classification and measurement Exposure DraftQ4 2012limited Macro hedge accountingDiscussion PaperH2 2012significant Annual improvements 2010-2012IFRS to be issuedQ1 2013limited Revenue recognitionIFRS to be issuedH1 2013significant © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 30 IASB FINAL STANDARDS AND EXPOSURE DRAFTS

31. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Documentation labels (definitions)

32. Documentation labels © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 32 Documentation labels are labels within the taxonomy that provide additional information on the content of a concept. For example (UGT): Assets - Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Documentation labels may also contain examples Documentation labels might be released in Q3 2012

33. Levels of documentation labels © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 33 Level 1: Technical, no definition. [17%] Level 2: Label sufficient for definition. [38%] Level 3: Definition available in IFRSs. [5%] Level 4: Definition derived from a defined element. [29%] Level 5: Element to be newly defined. [11%]

34. Examples © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org 34 labeltypereflevDefinition Liabilities in subsidiary or businesses acquired or disposed monD2The amount of the liabilities in subsidiaries or other businesses over which control is obtained or lost. Date of acquisitiondateD3The date on which the acquirer obtains control of the acquiree in a business combination. Increase (decrease) in property, plant and equipment monD4The increase (decrease) in property, plant and equipment. [Refer: Property, plant and equipment] Construction in progress [member] domainCP5This member stands for expenditure capitalised during the construction of items of property, plant and equipment that are not yet available for use (ie not yet in the location and condition necessary for it to be capable of operating in the manner intended by the management). [Refer: Property, plant and equipment] Statutory reservemonCP5A component of equity representing reserves created based on legal requirements.

35. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Formula Linkbase

36. Formula specifications Existing Calculation check (linkbase) cannot express complex relations between concepts. Therefore the new Formula specifications cover new areas which are critical for checking correctness, consistency and integrity: –Correctness (i.e. how the components of one piece relate to another within that piece). This includes roll ups rolling up, roll forwards working, and domain partition aggregations working. –Consistency (i.e. authorized shares is greater than or equal to issued shares). –Integrity (i.e. how the pieces relate to one another; for example, ensuring property, plant and equipment on the statement of financial position are consistent with the details of the components of PPE communicated in the disclosures). 36

37. Formula specifications – Continued New formula specifications cover six areas split into three categories: Correctness –Cross period validations –Axis aggregation validations Consistency –Earnings per share validations –Positive / negative fact validations –Percentage warnings Integrity –Facts equivalence validations. 37

38. Formula in the IFRS taxonomy The IFRS Foundation has developed formula linkbase as a prototype to receive feedback on business and technical aspects from the public and to estimate market demand. The Formula 2012 release is based on the final IFRS taxonomy 2012 and on the XBRL International Formula specifications 1.0 (*). The Formula 2012 release has been reviewed by XQRT and is expected to be published before end of July 2012 as an educational material. Interim releases published after the final IFRS taxonomy 2012 will not be covered within this formula linkbase. 38 (*) 2009-06-22 including errata corrections as of 2011-03-10

39. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Adoption

40. 40 Current IFRS Taxonomy projects © IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

41. 41 Adoption of the IFRS taxonomy The following are examples of organisations that have adopted the IFRS taxonomy: Corporate/securities filing: –Accounting and Corporate Regulatory Authority of Singapore ACRA Taxonomy; –Danish Chamber of Commerce Association, Denmark; –DART System of the Financial Supervisory Service, Korea; –Financial Services Agency of Japan EDINET; –Israel Securities Authority MAGNA platform; –Ministry of Finance, PR of China Chinese Accounting StandardsTaxonomy; –Standard Business Reporting Program in Australia and The Netherlands; –Superintendencia de Valores y Seguros información del Mercado de Valores of Chile; –Johannesburg Stock Exchange, South Africa SA Taxonomy; –Comisión Nacional del Mercado de Valores of Spain; –UK HRMC and Companies House UK-IFRS Taxonomy; –Emirates (UAE) Securities and Commodities Authority (SCA) UAE taxonomy; –Financial Supervisory Commission of the Executive Yuan (Taiwan) & the Taiwan Stock Exchange Banking/Insurance regulation: –EBA (European Banking Authority) Financial Reporting framework taxonomy; –Bermuda Monetary Authority Solvency II XBRL Taxonomy and IFRS for Insurance XBRL Taxonomy –EIOPA-Solvency II Solvency II XBRL Taxonomy and IFRS for Insurance XBRL Taxonomy –Microfinance Information eXchange MIX Microfinance Taxonomy Other XBRL (not IFRS and/or non financial) initiatives that are consistent with our development: Carbon Disclosure, WICI, GRI… Most countries that have adopted IFRSs are also considering whether to adopt XBRL and the IFRS taxonomy. These countries include Brazil, Canada, India, Indonesia, Italy, Korea, Luxembourg, Malaysia, Mexico, Panama, Peru, Poland, Switzerland, Ukraine and others. 41

42. 42 The European ‘case’ © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

43. 43 The European ‘case’ – Cont’d © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

44. Other initiatives in Europe At global level –European Banking Authority –European Insurance and Operational Pension Authority –ECCBSO –Eurostat –XBRL in Europe… At country level –Belgium, and NBB –The Netherlands, and SBR –UK, and HMRC and Companies House… 44 © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

45. XBRL Europe  XBRL Europe: XII affiliate - foster European efforts between members - liaise with European Authorities and organisations  XBRL EUROPE membership: 19 members:  XBRL EU Jurisdictions Belgium, Denmark, Germany, France, Italy, Luxembourg, Netherlands, Spain, UK and XII  Direct members: European Federation of Financial Analyst Societies, Deloitte Innovation BV, Bermuda Monetary Authority, Fujitsu Poland EMEA, Infogreffe, Theia Partners, Ernst & Young EMEIA, Central Bank of Morocco and BR-AG Poznan  Working Groups  XBRL EU Business Register WG  COREP, FINREP, Solvency II Harmonization WG  IFRS, Securities & Markets WG  Marketing and Communication  Monnet Project funded by EC, development of automatic translation tools for XBRL  Events  Regular XBRL Europe days (next one in Frankfurt 12/13 th December)  Specific thematic seminars (next on solva II in Paris the 23 rd of October) © Gilles Maguet

46. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation Cooperation between Ukraine and IASB on XBRL © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

47. Ways to cooperate Education & outreach Review of materials: taxonomy (TMS test), translation, filing samples… Assistance on related topics i.e. inception of jurisdiction, conference and other public events… Contact with peers Others… 47 © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

48. Thank you 48 © 2012 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org