International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation. © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. The IFRS Taxonomy Today and tomorrow XIV European Banking Supervisors XBRL Workshop - 30 March 2011 Olivier Servais – Director, XBRL Activities

© 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK Agenda The IFRS Taxonomy today The IFRS Taxonomy tomorrow: Challenges and Opportunities

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. The IFRS Taxonomy today

IFRS Taxonomy content model © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 4 Guidance and example concepts Core disclosure requirements concepts Guidance and example concepts Core disclosure requirements concepts Common practice concepts Local/regulatory concepts Company concepts Sources IFRS Taxonomy

© 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 5 IFRS Taxonomy 2011 All steps of the due process have been followed XQRT review between 18 Dec and 11 Jan : about 250 comments impacting 950 items ED released on 18 Jan for 60 days: about 30 comments impacting 250 items The final version has been released on 25 th March Compared to 2010, the IFRS Taxonomy 2011 is impacted mainly by: changes in IFRS (the addition of new items for new IFRSs and the deprecation of redundant standards); and the addition of new items to include IFRS application and implementation guidance, basis for conclusions and illustrative examples (i.e. part B of the Bound Volume) in the taxonomy.

© 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 6 IFRS Taxonomy 2011 Number of taxonomy items Final 2011 taxonomy ED 2011 taxonomy Final 2010 taxonomy Total2,5472,3312,027 All IFRSs excluding the IFRS for SMEs (1) 2,4272,2171,936 IFRS for SMEs (2) 1,1281,0751,026 Items in both the IFRSs and the IFRS for SMEs (3) 1, Items specific to the IFRS for SMEs (=2-3) Items specific to all IFRSs excluding the IFRS for SMEs (=1- 3) 1,4191,2561,001

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. Challenges and opportunities

Challenges for tomorrow Ongoing maintenance of the IFRS Taxonomy; consistency with the IFRSs Promoting implementation of the IFRS Taxonomy around the world that is consistent with established architecture Ongoing delivery of translations of the IFRS Taxonomy to support international stakeholders Ongoing development of ITA initiative and promoting technical convergence within all IFRS Taxonomy-related projects Engaging with stakeholders; maintaining support and contributions from external experts, including XAC and XQRT Confirmation of the adoption of the IFRS Taxonomy by US SEC © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 8

Opportunities for tomorrow Broader scope for the IFRS Taxonomy –taxonomy items to reflect common-practice and industry-specific needs –Non-financial reporting items, ie management commentary, sustainability… in the context of integrated reporting Audit and assurance of XBRL filings, with the IFRS Taxonomy as core component A continuous taxonomy (permanent update) consistent with the IFRSs © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 9

The Integrated Reporting framework Integrated Reporting Financial Reporting (IFRS, US GAAP, MIX…) Non-Financial Reporting Sustainability Reporting (environment, nature, CO2, climate, energy, Emission Trading Schemes) Management Reporting (MD&A, management commentary, governance) Standards: UN, OECD, ISO, A4S, GRI, CDP, EBRC… XBRL taxonomies Social Reporting (human rights, labour practices) IFRSUS GAAPGRI 10 Other non- financial reporting CDP

Call for Detailed Tagging Task Force Objective: get a better understanding of market requirements by working closely with companies to produce fully-tagged financial statements using the IFRS Taxonomy Participants: Preparers of financial statements for listed companies who report in IFRS, operating in all industries and geographical regions Time line: application by 10 April 2011, first meeting on 18 April, production by September Process: Participating companies will: –Examine major sections within financial statements and the corresponding parts of the IFRS Taxonomy –Apply IFRS Taxonomy tags to financial statement note disclosures –Generate an XBRL file using their preferred software. Benefits for participating companies: interaction with IFRS Foundation XBRL team, share and learn from the filings and from the experiences of other participants © 2010 IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. 11

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