23/08/2006

X-DIS/XBRL Meeting

Eurostat - Centraal Bureau voor de Statistiek Netherlands

Heerlen

Agenda

Topics:

Reminder on the Eurostat XBRL pilot project

Description of relevant experiences with Spanish NSI

Comparison with current project at statistics Belgium

Description of and comparison with the Dutch NTP

Expected involvement of CBS in Eurostat Project

Collaboration possibilities.

Eurostat X-DIS/XBRL Project Scope

X-DIS/XBRL scope is the statistical frameworks, namely STS, BoP, SBS, CB, PRODCOM, LFS…. The Pilot Project X-DIS/XBRL focuses in collecting structural data from enterprises (framework SBS) by NSI

Primary Targets:

1. Functional analysis. Strategy for taxonomy structure (one large taxonomy vs. smaller ones, FR vs. GL),

• Analyzing reusability of accounting reports (balance sheet, income statement and notes) for SBS,

• Evaluate backwards compatibility on process and involvement of the parties,

2. Technical Analysis.

• Build the taxonomy

• Demonstrating XBRL format suitability,

3. Architecture analysis.

• Identifying nature of necessary tools.

Spanish NSI experiences

SBS comprises 6 sectors: industry, services, construction, credit entities, insurance and pension funds.

Low reusability of concepts in annual accounts for industry, services and construction with SBS framework.

Large reusability of annual accounts for Credit entities, Insurance and Pension Funds.

Necessary to analyze more frameworks for determining if a large taxonomy would be advisable. Sectoral considerations. It would also require commitment by the involved parties and planning.

Target 1Target 1

Spanish NSI experiences

Target 1Target 1

Taxonomy for industry and services (annex 1-4 of SBS)

Some concepts reusability from annual accounts. Extending? The taxonomy of Spanish GAAP (PGC-90) lacks the notes

section, NSI provide us mappings against National chart of accounts

rather than annual accounts, It would require changing process, procedure manuals,

organizational issues…

We consider a broader strategy and commitment by the parties would be necessary for changing the current forms

We decide maintaining forms philosophy ensuring backwards compatibility.

Spanish NSI experiences

Target 2Target 2

SPANISH NSI FORMS XBRL TAXONOMY

Spanish NSI experiences

Target 2Target 2

core

Ref.

xdis-core-2006-07-01

xdis-ser-2006-07-01xdis-ind-2006-07-01

ind

Label

ind

Pres.

ind

Calc.

ind

Ref.

ser

Label

ser

Pres.

ser

Calc.

ser

Ref.

core

Label

Spanish GCD version files

Spanish NSI experiences

Unadvisable and unnecessary requesting enterprises agreement for XBRL by cultural reasons (explain)

?

DB

ENTERPRISES

XBRL

format

Web Services

E-mail – SMTP

FTP

XBRL

1) Non-intrusive evolution

2) XBRL integration available to enterprises

Target 3Target 3

Belgian Experiences (taken from Statbel pres.)

No sectorial diversification Same documents for entities out of the 4 sectors

Almost no reusability of items of annual accounts (due to our administratif simplification) No more double consultations Use of administrative sources Reuse of value list, GCD and some data types.

Own SBS-taxonomy (import of some parts of taxonomy of the National Bank of Belgium)

SBS Taxonomy

Belgian experiences, Taxonomy and scope

Non-intrusive approach Xbrl or paper (in line with the NBB) Xbrl:

• Publication of the taxonomy on the Statbel website (september)

– Software companies could include taxonomy in their accounting software (based on xbrl)

– Contact of accountancy enterprises

• Development of application based on xbrl

Sample of +/- 44000 enterprises each year

+/- 33000: laying down annual accounts

SBS Belgian Taxonomy Reuse of Elements

Averaged number of parameters reused GCD Data types Value list (countries, towns)

Belgian Experiences

Procedure for testing

Contact software enterprises (incorporation of taxonomy in accounting software based on xbrl)

Contact of accountancy enterprises (?)

Contacting of a few enterprises to test the taxonomy

Experiences from Central Bureau voor de Statistiek

To be Discussed

Questions?