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SBR Netherlands Taxonomy Meeting Omani Delegation September 10, 2012.

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Presentation on theme: "SBR Netherlands Taxonomy Meeting Omani Delegation September 10, 2012."— Presentation transcript:

1 SBR Netherlands Taxonomy Meeting Omani Delegation September 10, 2012

2 Company Authority Z Authority Y XBRL report Authority X Systems request Single taxonomy framework XBRL report Company Systems SBR: multi domain and cross agency taxonomy 2 Standard Business Reporting Program A Netherlands government initiative

3 3 XBRL: 3 levels of standardization Taxonomy architecture XBRL specification Standard Business Reporting Program A Netherlands government initiative

4 4 Taxonomy architecture  Because the XBRL spec. 2.1 is flexible you have many solutions for one problem  multi domain  multi agency  XBRL projects have different goals. We believe that taxonomy design should be based on our project goals.  glue the taxonomy pieces together  ‘plug and play’ new extensions Standard Business Reporting Program A Netherlands government initiative

5 5 Netherlands Taxonomy has a layered structure reports international national domain specific Standard Business Reporting Program A Netherlands government initiative

6 6 Core taxonomy and extensions are not static Processes -Adding new domains -Normalization -Harmonization Standard Business Reporting Program A Netherlands government initiative

7 7 SBR taxonomy building principles: hierarchy  The taxonomy is a proper representation of legislation and rules  Always choose the option that reduces the regulatory- and reporting burden for business  facilitate mapping  facilitate instance creation  Design (and modularize) the taxonomy to support use and re-use of elements and components  Architecture facilitates taxonomy maintenance with coherance and consistency  Comply with relevant established international ‘best practices Standard Business Reporting Program A Netherlands government initiative

8 Legislation & Rules Definitions Elements European legislation Financial Reporting GAAP Tax legislation Tax filing Financial Statement Statistical filing Reports 8 Standard Business Reporting Program A Netherlands government initiative

9 9 Wrap up...  The taxonomy is not about evolution, it’s intelligent design  The taxonomy reflects our legislation and rules  Its design is based on our project goals “You get the taxonomy you deserve” Standard Business Reporting Program A Netherlands government initiative

10 Standard Business Reporting Program A Netherlands government initiative www.sbr-nl.nl info@sbr-nl.nl Sebastiaan Bal SBR Netherlands sebastiaan.bal@logius.nl 10 Standard Business Reporting Program A Netherlands government initiative


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