1. Filing annual accounts in Germany how XBRL supports the reduction of costs for legal publications Sascha Heinig, 06/26/2009

2.  Bundesanzeiger PH  Electronic Federal Gazette  Filing annual accounts ◦ The Datev Interface project ◦ Additional XBRL activities  Conclusion  Next steps 206/26/2009S. Heinig

3.  1949Founded through the Federal Republic of Germany  1950Introduction of the law for „legal publication” The newspaper „Bundesanzeiger“ gets official gazette for legal announcements and publications in Germany  2003 Stepwise transformation to electronic publication and filing  2007 Release of the law “EHUG” End of double publication of register data Foundation of the business register „Unternehmensregister“ 06/26/20093S. Heinig

4. legal gazettes  Bundesanzeiger -legal announcements  Bundesgesetzblatt -publication of federal laws  Electronic Bundesanzeiger since 2003 -legal announcements business register  electronic business register since 2007 -storage of all companies data from multiple sources -one-stop shop for companies information filing platforms  publications platform for electronic filing 406/26/2009S. Heinig legal publication media

5.  Bundesanzeiger PH  Electronic Federal Gazette  Filing annual accounts ◦ The Datev Interface project ◦ Additional XBRL activities  Conclusion  Next steps 506/26/2009S. Heinig

6. 606/26/2009S. Heinig  First significant change in Media in 2003 ◦ The newspaper started loosing its importance  End of double publication since 2007 ◦ lost of all publications of companies register data to companies registers, but ◦ exclusive right for publication of annual accounts  Publication instead of depositation for small and midsized companies caused an additional amount of publication (change in fining) Development of the Federal Gazette

7.  published: by Ministry of Justice  content: legal publication esp. ◦ annual accounts ◦ financial reports ◦ public notifications ◦ … 706/26/2009S. Heinig

8. 806/26/2009S. Heinig main tasks:  check of Completeness and filing whithin prescribed time (4 Month - 1 Year)  transformation of heterogeneous data into a standardized internet format  publication ebundesanzeiger.de  transmission to business register  peak season December – March  business is driven by the production of annual accounts average input of annual accounts 2007 / 2008 / 2009 0 50.000 100.000 150.000 200.000 250.000 300.000 350.000 400.000 450.000 Jan 07 Mrz 07Mai 07 Jul 07 Sep 07 Nov 07 Jan 08 Mrz 08Mai 08 Jul 08 Sep 08 Nov 08 Jan 09 Mrz 09

9.  Bundesanzeiger PH  Electronic Federal Gazette  Filing annual accounts ◦ The Datev Interface project ◦ Additional XBRL activities  Conclusion  Next steps 906/26/2009S. Heinig

10. 1006/26/2009S. Heinig  Filing -Online publications platform other electronic interfaces -Offline general posting  One electronic filing platform for legal gazette and business register

11. 1106/26/2009S. Heinig currently accepted filing formats  legal gazette ◦ XML / XBRL ◦ MS-Office ◦ PDF ◦ paper (till 2009)  business register ◦ XML ◦ PDF (as a service) Filing mainly in XML / XBRL  price  usability 0% 20% 40% 60% 80% 100% Jan. 07 Mrz. 07 Mai. 07 Jul. 07 Sep. 07 Nov. 07 Jan. 08 Mrz. 08 Mai. 08 Jul. 08 Sep. 08 Nov. 08 Jan. 09 Mrz. 09 formats for filing XBRLXMLOther

12.  Bundesanzeiger PH  Electronic Federal Gazette  Filing annual accounts ◦ The Datev Interface Project ◦ Additional XBRL activities  Conclusion  Next Steps 1206/26/2009S. Heinig

13.  Main goal 2007 by Ministry of Justice: ◦ provide an easy and cheap way to file annual accounts ◦ high coverage  Subgoal: ◦ reduction of filing costs to 50 Euro ◦ reduction of administrativ complexity for SME´s (multiple use of accounting data) 06/26/2009S. Heinig13

14.  Project development of a filing-interface based on re-usable accounting data (XBRL) with DATEV*  Milestones ◦ kickoff in spring 2007 ◦ first productive version in autumn 2007  Actual status ◦ used by nearly all customers of DATEV ◦ more than 800,000 accounts processed so long ◦ more than 30,000 accounts processed per day during the peak season * The DATEV is the german market leader for accounting software and combined services. Their product is used by 2/3 of all companies in Germany (esp. SME´s)  d 06/26/2009S. Heinig14

15. Step 1 - 3: company identification 06/26/2009S. Heinig15

16. Step3 - 5: master data Step 3 - 5: master data 06/26/2009S. Heinig16

17. Step 6: notes 06/26/2009S. Heinig17

18. Step 7: mapping (control) 06/26/2009S. Heinig18

19. Step 8: preview 06/26/2009S. Heinig19

20. Step 9: transfer 06/26/2009S. Heinig20

21.  Bundesanzeiger PH  Electronic Federal Gazette  Filing annual accounts ◦ The Datev Interface project ◦ Additional XBRL activities  Conclusion  Next steps 2106/26/2009S. Heinig

22.  MS-Office based XBRL Tool (German AP, IFRS)  XBRL Upload via publications platform  German AP (individual taxonomy and bank extensions)  IFRS (individual taxonomy extensions)  US-GAAP 06/26/2009S. Heinig22

23. XBRL is a success story  internal reduction of costs through: ◦ reduction of troughput times  reduced approval (technical, content)  accelerated production  external reduction of costs through ◦ reduction of prices for filling (actual Euro 35 for SME´s) ◦ reduced work on filing preparations through multiple use of accounting data 06/26/2009S. Heinig23

24.  Expanding the XBRL activities ◦ add filing interfaces to more accounting software ◦ rethink the layoutoriented xml strategy  external software  web forms  Upload strategy ◦ focus on web-based interfaces for filing in XBRL 06/26/2009S. Heinig24

25. 06/26/2009S. Heinig25