Maciej Piechocki IASCF XBRL Team DWG Chair XBRL Poland Thursday, 8th of February 2007, Lisbon Implementation and Development of XBRL Poland

XBRL Poland  Jurisdiction Development  Past, Current and Future Activities  Drivers of XBRL Implementation Agenda

XBRL Poland Jurisdiction Development  Kick-Off Conference (February 2005)  first XBRL public event  XBRL introduced by IASCF, XiE, XBRL Denmark  Round Table (April 2005)  statutory tasks – incorporated in the bylaws  legal form – neutral, independent, trustworthy  first project – creation of the public taxonomy  neutral facilitator

XBRL Poland Jurisdiction Development  Round Table – Statutory Tasks:  contribute to improvement of the existing reporting standards  promote the knowledge of the current status and trends in electronic reporting standards  develop economy and science by works aimed at development of XBRL  undertake and reinforce other entities in their activities related to development and promotion of XBRL  enable co-operation of the Association members within the above-specified scope of activities

XBRL Poland Jurisdiction Development  Round Table - Legal Form:  neutral, independent  according to the act of the 7-th April 1989 “Prawo o stowarzyszeniach” /Dz. U. Nr 20, poz. 104 with later changes/ Association “XBRL Polska” is an independent not-for-profit association  trustworthy:  the Association is registered with no and therefore is a legal entity

XBRL Poland Jurisdiction Development  Round Table – First Project:  development of the public taxonomy  IFRS extension vs. building new taxonomy  based on Polish Accounting Act  on-financial, financial, insurance entities

XBRL Poland Jurisdiction Development  Round Table – Neutral Facilitator:  neutral third party, namely Accountants’ Association in Poland (in Polish Stowarzyszenie Księgowych w Polsce – SKwP), facilitated the creation of association “XBRL Polska” and is champion of the jurisdiction.

XBRL Poland Jurisdiction Development  Founding Members Assembly (September 2005)  agreement on bylaws  organisational structure of the association  XBRL International membership  election of the Board and Revision Committee members, Secretary General  fee structure

XBRL Poland Jurisdiction Development  Founding Members:  ordinary members  supporting members (12 + 1)

XBRL Poland Jurisdiction Development General AssemblyRevision Committee BoardSecretary General Taxonomy Working Group Chair Co-Chair CICo-Chair FI Subgroup CI Subgroup FI Marketing & Communication W.G. Decisions Strategy Management Operations Projects Working Groups

XBRL Poland Jurisdiction Development  Fee Structure (in €)  supporting members Turnover < 2,5 Mio. Euro € 2,5 Mio. Euro - 25 Mio. Euro € > 25 Mio. Euro5.000 €  ordinary members: free of charge

XBRL Poland  Jurisdiction Development  Past, Current and Future Activities  Drivers of XBRL Implementation Agenda

XBRL Poland Past, Current and Future Activities  Taxonomy Development:  communication channel  Internet  tele and videoconferences  SharePoint  regular meetings  workflow  building of the information model  revision of the information model  development of the taxonomy  revision of the taxonomy  publication of the taxonomy

XBRL Poland Taxonomy Framework PL-GP PL-GP-CIPL-GP-BIPL-GP-IS PFS PL-GP-SZ PL-GP-RA Instance Documents Instance Documents Taxonomy Extension PL-GP-ED PL-GP-CI-EDPL-GP-BI-EDPL-GP-IS-ED EDAP Modules Selector

XBRL Poland Past, Current and Future Activities  XBRL Promotion:  meetings with private companies and public authorities  information about standard and association activities  target: new members and active involvement in the XBRL implemenation  results: new projects, new members

XBRL Poland Past, Current and Future Activities  XBRL Promotion:  seminar:  September 2005: NBP implements XBRL  conference:  September 2006: COREP & FINREP in Europe  National Bank of Poland, Polish Banks Association, Association “XBRL Polska”,  Speakers: Bank of Spain, Bank of France, National Bank of Belgium, XBRL in Europe  Attendees: 100 people (70 largest banks)  articles, papers, consultations, etc.

XBRL Poland Past, Current and Future Activities  XBRL Implementation – National Bank of Poland:  target: prudential (Basel II) & financial (IFRS, Polish GAAP) reporting  XBRL taxonomies  COREP, FINREP  Polish extensions  start: March 2007 (COREP), June 2007 (FINREP)  mandatory format for over 700 banks

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Companies House:  target: publication of financial statements of entities fulfilling requirements defined in P.A.A.  XBRL taxonomies  Polish GAAP, IFRS (Polish labels)  start: 2008  XBRL as voluntary format for entities  price differentiation as an incentive

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Listed Companies:  Assumptions:  public event  establishment of the working group  gradual XBRL implementation  reuse of existing taxonomies

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Listed Companies:  Public event  topic: standardization of the financial reporting  leaders: Stock Exchange, FSA, XBRL Poland  speakers: auditors, investors, IASCF, NBP  attendees: listed companies, analytics, investors, brokers

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Listed Companies:  establishment of the working group  committed parties: Stock Exchange, Listed Companies Association, FSA, XBRL Poland  Task:  decision on information model based on IFRS  indication of companies participated in Pilot Project  analyse of differences of presentation between current IFRS statements and IFRS taxonomy

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Listed Companies:  gradual XBRL implementation:  New Market (obligatory)  listed companies from Main Market (voluntary)  listed banks from Main Market (voluntary)  lessons learned  XBRL as obligatory format?

XBRL Poland Past, Current and Future Activities  XBRL Implementation – Listed Companies:  reuse of existing taxonomies  FINREP PL (NBP)  IFRS (IASCF)  Polish GAAP (XBRL Poland)  Extensions where necessary

XBRL Poland  Jurisdiction Development  Past, Current and Future Activities  Drivers of XBRL Implementation Agenda

XBRL Poland Drivers of XBRL Implementation  Standardisation of Reporting  Cost and Time Aspects  Legal Changes in the EU  cross regional: IFRS, BASEL II, CRD  local: IT governmental requirements  XBRL Marketing Aspects  IASB involvement, EU founding, SEC activities, CEBS recommendations, etc.  Systems and Standards Out-Of-Date  New Information Flows

XBRL Poland Project Management  Domain Working Group Chair Maciej Piechocki, IASCF XBRL Team  Secretary General Mateusz Hojda, XBRL Poland

Thursday, 8th of February 2007, Lisbon Q & A Maciej Piechocki IASCF XBRL Team DWG Chair XBRL Poland