Using XBRL in the complete information chain: from data capture to storage and use in analysis A project of the European Central Balance Sheet Data Offices (ECCBSO) Luc Dufresne. President of ECCBSO / Head of the Micro-economic Information Department at the National Bank of Belgium / Chairman of XBRL Belgium Josef Macdonald. IASC Foundation XBRL Team (representative)

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONSAGENDA ECCBSO and III WG Standard Formats ECCBSO/IASC Foundation Joint XBRL Project

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES (ECCBSO) Informal group of CBSO‘s belonging to NIS and NCB Experience using accounting data for several purposes:  Risk assessment  Economic analysis  Statistics Common tool: corporation's annual accounts Different goals, different questionnaires 5 working groups: Risk assessment, BACH database, ESD database, Study WG, IFRS impact and CBSO databases (III WG)

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS III WG / PARTICIPANTS Oesterreichische Nationalbank Banque Nationale de Belgique / National Bank van België Banque de France Deutsche Bundesbank Centrale dei Bilanci Banco de Portugal Banco de España IASCF-XBRL Working Team European Central Bank

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS Targets: ECCBSO’s mandate Targets for 2007: I. Monitor and report to ECCBSO on IFRS new projects (specially SME). Answers to IASB drafts II. Monitor IFRS impact in Europe. Use of real cases III. Standard formats: update formats, methodological note and taxonomy. Use of real cases IV. XBRL and CBSO: current use. Update the IFRS- CBSO taxonomy  Other reports: quarterly databases at CBSO

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS ECCBSO and III WG Standard Formats ECCBSO/IASC Foundation Joint XBRL Project AGENDA

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS IFRS-based standard format: strategic plan Use of IFRS-GP XBRL taxonomy Creation of an extended version / Definition of a common and reduced format Creation of a taxonomy: work in collaboration with IASCF- XBRL Team Monitoring with real examples (over 100 European largest groups) Analyse the streamline reporting process:  Data capture  XBRL instance documents (creation and validation)  Storage in a database: versioning aspects of the problem  Final analysis

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS Contents of the extended format (R): also in reduced format  General characteristics (R)  Options IAS  Business combinations (R)  Consolidation (R)  Employment (not required by any IFRS) (R)  Balance sheet (R)  Income statement (by function or by nature) (R)  Statement of changes in equity (R)  Cash-flow statement (direct, indirect or indirect alternative) (R)  Notes

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS There is a note for each of the following items: Property, plant and equipment (R) Borrowings and payables Investment property (R) Borrowings movements Intangible assets (R) Income tax Biological assetsDefined benefit post-employment plans Financial assets (R) Equity Current assetsRelated parties Provisions and grants (R) Segment reporting Hedging instruments and riskAssets held for sale

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS ECCBSO Standard Format (B/S):

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS ECCBSO Standard Format (I/C):

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS ECCBSO and III WG Standard Formats ECCBSO/IASC Foundation Joint XBRL Project AGENDA

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS XBRL SHOWCASE

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS THANK YOU FOR YOUR ATTENTION Luc Dufresne/Josef Macdonald