1. International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org Foreign Private Issuers filing to the US Securities & Exchange Commission in IFRS Workshop – Thursday 3 June 2010

2. Agenda 13:00 – 13:05:Welcome 13:05 – 13:35:IFRSs, XBRL and the IFRS FPI initiative 13:35 – 14:35:Filing stage 1: identifying taxonomy items 14:35 – 15:05: Filing stages 2, 3 & 4: creating, validating & rendering filings 15:05 – 15:35: Lessons learned from Year 1 filers 15:35 – 16:05: Example filings 16:05 – 16:50: Q&A 16:50 – 17:00: Wrap-up 2 © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

3. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation IFRSs, XBRL and the IFRS FPI initiative © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

4. Copyright © 2006-2008 Business Reporting – Advisory Group Sp. z o.o. Washington DC 2008/10/14-15 XBRL - Taxonomy Development Training conceptcontextvalueunit taxonomyreport

5. XBRL at the IASB / IASCF “The mission of the IASC Foundation XBRL team is to create and provide a framework for the consistent adoption and implementation of IFRSs with a high quality IASCF-developed IFRS Taxonomy in the same languages and at the same time as the IFRSs” 5 © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

6. XBRL governance at the IASCF © 2008 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 6 18 members + 3 appointed observers Monthly meetings Taxonomy review 15 members + 5 appointed observers Quarterly meetings Strategic advice Director of XBRL Activities Project Manager, Technology Project Manager, Accounting Project Assistant Executive Assistant © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

7. What we provide A licence-free IFRS Taxonomy consistent with the IFRSs and the IFRSs for SMEs Translations of the IFRS Taxonomy available for 2009 in Arabic, (Simplified) Chinese, Dutch, French, German, Italian, Japanese, Korean and Spanish Support materials –The IFRS Taxonomy Guide, for issuers and preparers, analysts, accountants, regulators, software vendors and service providers –The IFRS Taxonomy Modules Manager, an online tool which helps users to navigate and customise the Taxonomy according to their requirements –The IFRS Taxonomy Illustrated, presents a simplified view of the Taxonomy in an easy to read, visual format, with non-technical language –The xIFRS (IFRSs with XBRL), presents a view of the electronic IFRSs with embedded XBRL available for both the IFRSs and the IFRS for SMEs Outreach activities to national jurisdictions, regulators and supervisors, issuers and preparers, software vendors… 7 © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

8. 8 The SEC rule 33-9002 According to the rule 33-9002 “Interactive Data to Improve Financial Reporting” enforcing the use of Interactive Data (ie XBRL) public companies and foreign private issuers that prepare their financial statements in accordance with U.S. generally accepted accounting principles (U.S. GAAP), and foreign private issuers that prepare their financial statements using International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). FPIs ‘using IFRS as issued by the IASB will be required to tag their financial information using the most recent list of tags for international financial reporting, as released by the IASCF and specified in the EDGAR Filer Manual’ The IASCF has developed the IFRS list of tags. To create interactive data using the IFRS list of tags, an issuer generally will need to follow the same mapping, extension and tagging process as will a company that uses the list of tags for U.S. financial statement reporting. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

9. The SEC time line All (…) foreign private issuers that prepare their financial statements in accordance with IFRS as issued by the IASB will be subject to the same interactive data reporting requirements beginning with a periodic report on Form 10-Q, Form 20-F or Form 40-F containing financial statements for a fiscal period ending on or after June 15, 2011. December 2010: Taxonomy approved for use by SEC filers reporting in IFRS September 2010: SEC staff recommends taxonomy to Commission July 2010: SEC staff determination that the taxonomy improvement work plan will achieve the agreed objectives on time 9

10. 10 Objectives and co-ordination What are the objectives of the initiative? Support preparers using the IFRS Taxonomy in meeting the 15 June 2011 date by –Assisting companies with preparing IFRS sample filings to the US SEC (reducing time and cost). –Sharing and learning from other participants’ filing experiences. Engage with preparers using the IFRS Taxonomy and obtain feedback. Who is co-ordinating the initiative? The IASC Foundation. The sample data will be provided to the US SEC (unless participants request otherwise), but there is no direct involvement by the US SEC in the initiative. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

11. 11 Scope and time line What is the scope of the initiative? US SEC filings for foreign private issuers (Form 20-F) in IFRS, prepared using the IFRS Taxonomy 2010. Level 1 tagging (http://www.sec.gov/rules/final/2009/33-9002.pdf p. 59): –Detailed tagging of information on the face of the financial statement (PFS). –Single text blocks for notes. What is the time line of the initiative? Sample filings are expected by the end of June 2010. Completion of the initiative by the end of August 2010. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

12. 12 Process, outcome and liability What is the process for the initiative? No mandated process from the IASCF (best practice stages only) with focus on outcomes What is the outcome of the initiative? Participants will be able to produce an XBRL filing (instance document + extensions) that represents the reporting requirements in Form 20-F, using real data and using concepts from the IFRS Taxonomy 2010. Is there any liability to the SEC? No. This is an IASCF initiative which does not involve the SEC. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

13. Concepts and extensions – US GAAP

14. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation Filing stage 1: identifying taxonomy items © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

15. 15 ?

16. Stage 1 – identify items Disclosures have to be “tagged” Tag as the name of an XBRL item (similar to chart of accounts) Example item of inventories: - 30000  30000 How to find the right item of IFRS disclosures? There are different ways -by reference (recommended) -by taxonomy structure – extended link roles (ELRs) -by label -… © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 16

17. Identification - by reference All reportable items of the IFRS Taxonomy have a reference link Reference link as documentation of IFRS disclosure requirements xIFRS (IFRS with XBRL) as visualisation of this link Disclosure example: Carrying amount of property, plant and equipment IFRS disclosure of IAS 1.54 (a), IAS 16 xIFRS of IAS 1.54 (a) and IAS 16 to find the item of property, plant and equipment © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 17

18. xIFRS Access Available via eIFRS: http://eifrs.org/ © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 18

19. Sample: xIFRS of IAS 1.54 Available via eIFRS: http://eifrs.org/ © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 19

20. Identification - by structure Default structure of the IFRS Taxonomy: ordered by Financial Statements and Notes by Topics Structure represented by numbered ELRs Relationships represented by hierarchical structure Structure is visualised in the IFRS Taxonomy Illustrated Disclosure example: Carrying amount of Property, Plant and Equipment Line item in the statement of financial position Sub-element of non-current assets © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 20

21. IFRS Taxonomy Illustrated HTML and free downloadable PDFs available: http://www.iasb.org/XBRL/Resources/ © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 21

22. Identification - by label All English labels for reportable items in the IFRS Taxonomy are aligned with IFRS terminology Examples -Revenue but not Turnover -Profit (loss) but not Net income Most software tools provide search functionality by labels Disclosure example: Carrying amount of deferred income © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 22

23. Missing item? IFRS Taxonomy has limited number of common practice or industry specific items If there is no corresponding taxonomy item for your disclosure, use an extension How can we help? Answering specific questions related to the content of the IFRS Taxonomy © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 23

24. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation Filing stages 2, 3 & 4: creating, validating & rendering filings © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

25. Stage 2 – create a filing What to do: Familiarise yourself with the EDGAR Filer Manual (EFM) rules (http://www.sec.gov/info/edgar/edgarfm-vol2-v14.pdf) and FAQs (http://www.sec.gov/spotlight/xbrl/staff-interps.shtml) Create an extension schema, extension label, presentation, calculation and definition linkbases Re-use IFRS Taxonomy concepts wherever possible (create extension concepts when an IFRS Taxonomy concept is unavailable) Create an instance document How we can help: IFRS Taxonomy support materials (IFRS Taxonomy Guide) Answer specific questions related to the IFRS Taxonomy architecture and EFM rules Provide a filing template and example filing Review the filing © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 25

26. Data files XBRL instance document: masd-20100331.xml (EX- 101.INS) XBRL taxonomy extension schema: masd-20100331.xsd (EX-101.SCH) XBRL taxonomy extension calculation linkbase: masd- 20100331_cal.xml EX-101.CAL XBRL taxonomy extension definition linkbase: masd- 20100331_def.xml (EX-101.DEF) XBRL taxonomy extension label linkbase: masd- 20100331_lab.xml (EX-101.LAB) XBRL taxonomy extension presentation linkbase: masd- 20100331_pre.xml (EX-101.PRE) 26

27. Filing template Massive Dynamik GmbH illustrates: -Data files structure, naming and relationships (imports and references) -ELRs, their IDs, URIs, definitions -Required (sample) DEI facts -Sample IFRS facts -Sample extensions -EFM valid (with the exception of transitional exceptions) © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 27

28. DEI information Not required by IFRSs (required by the US SEC) Useful to provide full EFM validation results Only basic information required (see EFM) No need to provide presentation or definition linkbase (although useful for understanding of DEI and therefore recommended – see template data files) 28

29. Documentation labels Not required by EFM FPIs are encouraged to provide documentation labels for extension concepts Example: –SettlementDueFromCustomers – “Amounts due from customers due to the difference in timing between the payment transaction date and subsequent settlement.” 29

30. Stage 3 – filing validation What to do: Validate your filing against EFM rules (some tools can perform validation) Be aware of transitional exceptions to the EFM for FPIs How we can help: Provide validation for the filing © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 30

31. EDGAR Filer Manual (EFM) Use segments for dimensional disclosures Transitional exceptions to the EFM for FPIs: 6.3.9 Filers must use the IFRS Taxonomy 2010 and the latest DEI Taxonomy as specified on the SEC website as their standard taxonomy. 6.4.1 – not applicable in the CfI 6.3.3, 6.3.6, 6.5.15, 6.5.25, 6.6.5, 6.6.7, 6.6.8, 6.6.9, 6.6.10, 6.6.11, 6.7.4, 6.7.22, 6.7.27, 6.7.28, 6.8.14, 6.8.18, 6.8.19, 6.8.22, 6.8.23, 6.11.5, 6.16.3 for example: 6.7.27 The xsd:element name attribute must end with ‘Domain’ or ‘Member’ if and only if the type attribute equals ‘nonnum:domainItemType’ us-types:domainItemType. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 31

32. Stage 4 – filing rendering (optional) What to do: Visualise your filing using a replicated EDGAR rendering engine How we can help: Provide rendering for the filing © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 32

33. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation Lessons learned from Year 1 filers © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

42. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation Example filings © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

43. International Accounting Standards Committee Foundation The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation or the IASB IASC Foundation Useful links © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

44. Useful links IASC Foundation http://www.iasb.org/News/XBRL/Call+for+US+FPIs+for+SEC+IFRS+filings.htm http://www.iasb.org/XBRL/IFRS+Taxonomy/IFRS+Taxonomy+2010/IFRS+Taxonomy+2010.htm US SEC http://www.sec.gov/rules/final/2009/33-9002.pdf http://xbrl.sec.gov/ Deloitte http://www.deloitte.com/view/en_US/us/Services/audit-enterprise-risk-services/Financial-Statement-Internal-Control- Audit/Accounting-Standards-Communications/58a27a4417b55210VgnVCM200000bb42f00aRCRD.htmhttp://www.deloitte.com/view/en_US/us/Services/audit-enterprise-risk-services/Financial-Statement-Internal-Control- Audit/Accounting-Standards-Communications/58a27a4417b55210VgnVCM200000bb42f00aRCRD.htm Ernst & Young http://www.ey.com/Global/assets.nsf/US_eyacctglink/ATG_XBRL_BB1710/$file/ATG_XBRL_BB1710.pdf KPMG http://www.us.kpmg.com/microsite/DefiningIssues/2010/di-10-21-implementation-guidance-xbrl-reporting.pdf http://www.us.kpmg.com/microsite/DefiningIssues/2010/di-10-3-sec-form-10-K-xbrl-complexity-risks.pdf http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/XBRL-fundamentals-and-SEC-new-rule.pdf PricewaterhouseCoopers http://www.cfodirect.pwc.com/CFODirectWeb/download?sourcetype=contentattachment&content=THUG- 85UPVL&filename=DataLine%202010-24.pdfhttp://www.cfodirect.pwc.com/CFODirectWeb/download?sourcetype=contentattachment&content=THUG- 85UPVL&filename=DataLine%202010-24.pdf XBRL Cloud http://edgardashboard.xbrlcloud.com/edgar-index.html © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org 44

45. 45 The Field Testing initiative Objectives: Test the usability of the IFRS Taxonomy; identify a wide range of possible issues Conduct cost/benefit analysis Participants: Preparers of IFRS financial statements, including Small and Medium-sized Entities (SMEs) Diverse and balanced range of participants from different sectors and jurisdictions Benefit for preparers: Privileged communication channel and support Time line: Aligned with the IFRS Taxonomy development time line; expected to take place over a year. The results may be shared with XII if the required improvements are not within the scope of the IASC Foundation’s XBRL activities © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org

46. 46 Questions? Thank you for listening Expressions of individual views by members of the IASB / IASCF and its staff are encouraged. The views expressed in this presentation are those of the presenter. Official positions of the IASB on accounting matters are determined only after extensive due process and deliberation. © 2010 IASC Foundation. First Floor | 30 Cannon Street | London EC4M 6XH | UK. www.iasb.org