1. ‘Get inspired by the Dutch’ SBR in Progress 2011

2. The basics of Standard Business Reporting Essentially the basic process of SBR is standardization of:  Data:  XBRL-Taxonomy  Processes:  Standardized analysis of all filing processes through which agencies request information from businesses, using BPMN as the standard  Technology and technics:  A standardized and generic transaction port for system2system communication  Intelligence to recognize messages and understand the processes of which they are part 2Standard Business Reporting Programme A Netherlands governement intitiative

3. Why SBR? SBR means standardization in the process of financial reporting:  Business to government  Currently: Tax office, Chamber of Commerce and Central Bureau of Statistics  Future: agro sector  Business to business  Currently: Credit reporting to banks  Future: insurance, pension funds  Government to Government:  Future: reporting of schools to the Ministry of Education In short: create an administrative infrastructure which allows for easier filing processes, to less costs, thus lowering the overall level of transaction costs 3 Standard Business Reporting Programme A Netherlands government initiative

4. SBR-NL History  From 2000 onwards: government priority to reduce administrative burden for business:  The “fuss” of complying to government regulations  2002/03: recognition of potential of XBRL:  a means of reducing the cost of financial reporting to government  2005/06/07: start of the NTP: Netherlands Taxonomy Project  Development of initial thinking with regard to Taxonomy  Development of design for a Generic Intelligent Infrastructure (Receiving messages for all partcipating government agencies)  2008/09: development and implementation of major tools:  NL-Taxonomy 2010  Intelligent transaction port (Digipoort)  2009/10/11: move from development to implementation  25.000 instances in Q1 2011 4Standard Business Reporting Programme A Netherlands government initiative

5. SBR-NL Approach  Government and business in the 21 st century: a complex relationship:  The “business of government” is a complex thing  The “business of business” is a complex thing  The “business” of government and business interacting with each other is even more complex  Reducing this complexity requires standardization of filing processes and data:  Between business and government  Within government between various agencies  Within the business community  Creating Standards requires co-operation in a competitive market:  Good standards are merit goods that create value for all users  When users do not see the added value they will not comply  The SBR NL Program is a co-operation between Government and Business 5Standard Business Reporting Programme A Netherlands government initiative

6. SBR-NL Program Challenges  The SBR-NL Program task was seeking co-operation:  in a competitive market  on issues that have deep impact for business- and government processes  were not understood by many  The challenges for SBR-NL Program:  Understanding and prioritizing the issues to be resolved for implementation  Finding the best solution to the various issues  Seeking the buy-in of organizations involved  Getting the market to actually start using XBRL 6Standard Business Reporting Programme A Netherlands government initiative

7. SBR-NL in action  The SBR Platform:  Representatives of business community and government  Hands-on experience (“feet in the mud”)  Constantly generating issues that may block the uptake of SBR  The SBR Expertgroups:  Expertgroups for Data/Taxonomy, Processes, Marketing&Communication  Bringing together all available expertise in the Netherlands (and from outside, if needed)  Finding solution for the issues  The SBR Council:  High level representatives of business and government  Strategic decision making  The SBR Program team:  Supporting the various groups with expertise  Pursueing the actions, stated in the Implementation plan  Seeking the policy-guidance from the Ministry of Economic Affairs, Agriculture & Innovation 7Standard Business Reporting Programme A Netherlands government initiative

8. Where are we now?  We are fully operational since start 2010:  The NL-Taxonomy is available and is updated on a yearly basis  The Intelligent Transaction Port (Digipoort) has been operational since end 2009  More and more software vendors adjust their products with XBRL  More and more intermediairies are working with SBR, including Big 4 accountancy firms  We have conquered many roadblocks, making it easier to work with SBR  But we are still not there  If we make Digipoort the exclusive channel for SBR instances in the tax domain starting 2013, we expect a full swing delivery of financial reports in 2012  We expect the market of software vendors to speed up  In the long run there will be no intermediary not working with SBR in any way 8Standard Business Reporting Programme A Netherlands government initiative

9. What’s up for this year?  We will finish the initial phase of our program:  Receiving the amount of instances we had expected  Stabilizing our processes and procedures  Improving the taxonomy (dimensions, formulas)  Transition from Project state to Business as Usual state:  From a temporary program organisation into a more permanent setting  Under the aegis of Economic Affairs: consolidate, accelerate, broaden  Broadening of scope:  Current agencies wil increase the number of filing processes  Exploration of additional government agencies and their filing processes 9Standard Business Reporting Programme A Netherlands government initiative

10. What’s up for later?  In the late 19th century the provision of electricity to homes and business was an issue; now we simply tap it from the wall-plug  Now SBR is a difficult thing to master: in ten years time hardly anybody will notice that his software is XBRL-enabled; filing reports is a non-issue by then 10Standard Business Reporting Programme A Netherlands government initiative

11. Policy Framework: Dutch Digital Agenda.nl (2011-2014)  Yesterday minister Verhagen launched the Dutch Digital Agenda.  Main target of the DA.nl is to increase productivity and reduce regulatory burden  Systematic and consistent expansion of the ICT deployment to all contacts with government and other parties improves service, increases efficiency and reduces the cost pressure.  Enhanced interoperability (standards) as one of the crowbares  SBR program: impose appropriate (open) standards in Business to Government reporting, such as XBRL Standard Business Reporting Programme A Netherlands government initiative

12. What makes me proud?  A small country can be innovative and brave in a traditional and complex domain (financial reporting)  Our cooperation with Australia is close and effective. As they state it, the SBR Program Aus was ‘inspired by the Dutch’ regarding SBR  SBR NL is a public private effort, which has proven to be effective  We will show our criticizers there is a business case… afterwards 12Standard Business Reporting Programme A Netherlands government initiative

13. Thank you very much Standard Business Reporting Program A Netherlands government initiative www.sbr-nl.nl sbr@logius.nl + 31 70 – 889 6319