Transcript Connecting with XBRL

Implementation and
Development of
XBRL Poland
Thursday, 8th of February 2007, Lisbon
Maciej Piechocki
IASCF XBRL Team
DWG Chair XBRL Poland
Agenda
 Jurisdiction Development
 Past, Current and Future Activities
 Drivers of XBRL Implementation
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. 248935 and
therefore is a legal entity
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 Assembly
Revision Committee
Decisions
Strategy
Secretary General
Board
Taxonomy Working
Group
Management
Marketing &
Communication W.G.
Chair
Co-Chair CI
Co-Chair FI
Operations
Projects
Subgroup CI
Subgroup FI
XBRL Poland
Working Groups
Jurisdiction Development
 Fee Structure (in €)
 supporting members
Turnover
< 2,5 Mio. Euro
2,5 Mio. Euro - 25 Mio. Euro
> 25 Mio. Euro
 ordinary members: free of charge
XBRL Poland
1.000 €
2.225 €
5.000 €
Agenda
 Jurisdiction Development
 Past, Current and Future Activities
 Drivers of XBRL Implementation
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
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 13.000 entities
 price differentiation as an incentive
XBRL Poland
Agenda
 Jurisdiction Development
 Past, Current and Future Activities
 Drivers of XBRL Implementation
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
E-Mail: [email protected]
 Secretary General
Mateusz Hojda, XBRL Poland
E-Mail: [email protected]
XBRL Poland
Q&A
Thursday, 8th of February 2007, Lisbon
Maciej Piechocki
IASCF XBRL Team
DWG Chair XBRL Poland